Kathmandu. Sanima Capital is going to issue Sanima Equity Fund 2 from May 7. Sanima Capital is going to sell 100 million units worth Rs 1 billion at a face value of Rs 10 per unit. The fund, which operates under Sanima Mutual Fund, is a 10-year closed-ended scheme.
Out of the total number of units to be issued, a minimum of Rs 1.30 crore or minimum 13% of the total number of units sold has been set aside for Sanima Capital Limited.
Investors can apply for the remaining 8.5 crore units.
Applications can be made in the units of this fund till May 29. If the full application is not received within this period, the application can be made till May 23. Investors have to apply for a minimum of 100 units and can apply for a maximum of 1 crore units.
Credit rating agency CARE Ratings Nepal has assigned CARENP Single A Minus Issuer rating to the fund promoter while ICRA Nepal has assigned ICRA NP AMC Quality 3 Plus rating to the scheme manager.
Applications for the purchase of units of this fund can be made from all C-ASBA member banks and financial institutions and their designated branch offices that have received approval from the Securities Board of Nepal. In addition, they can also apply through the C-ASBA system using the software ‘My Share’ developed by CDS and Clearing Limited. Sanima Capital Limited has been appointed as the issue and issue manager of the fund.
