Sanima Capital Closing Issue of ‘Sanima Flexi Fund” from Today
February 27, 2025 | Investopaper
Sanima Capital Limited has launched an open ended scheme named “Sanima Flexi Fund”. The fund manager is currently issuing 10 crore units of its new mutual fund scheme from Falgun 6, 2081 BS. At a par value of Rs 10 per unit, the total issue size amounts to Rs 100 crores. The scheme will be operated under ‘Sanima Mutual Fund’.
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Due to full subscription of the units, the public offering will close on Falgun 15, 2081 BS. Earlier, the scheme offering was set to close on Falgun 11, 2081 BS. However, due to under-subscription until that period, the deadline for application was extended.
Interested investors can apply for a minimum of 100 units and a maximum of 40 lakh units.
For this purpose, Securities Board Of Nepal (SEBON) had given the permission to the company on Magh 2, 2081 BS. As the fund manager, Sanima Capital had submitted the application to the board on Ashad 17, 2080 BS seeking approval. Only after the permission from the board, the company can sell the units to the general public.
Sanima Bank is the promoter company of the Sanima Mutual Fund. Hence, the bank will purchase 13 percent or 1.3 crore units of the scheme. Similarly, Sanima Capital, the fund manager, will purchase 2 percent or 20 lakh units. Therefore, the general public can apply for the remaining 8.5 crore units worth Rs 85 crores.
‘Sanima Flexi Fund’ is an open ended scheme. In an open-ended mutual fund, interested investors can purchase or sell the shares in the fund directly from the fund. There is no need to purchase from existing shareholders.
Investing in a mutual fund can be a good strategy for most investors as it offers decent returns at a low level of risk. Mutual funds are managed by professional experts and provide wide diversification.
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