The company is issuing 120 million units at a face value of Rs 10 per unit. The scheme is a 12-year closed-ended scheme under Laxmi Sunrise Mutual Fund.
Out of the total units, 18 million units has been reserved to fund promoter Laxmi Sunrise Bank for the seed capital and the remaining 102 million units will be sold to the general public. A minimum of 100 to 12 million units can be applied for the fund.
Laxmi Sunrise Capital Limited has been appointed as the issue manager of the fund. Investors can apply for the fund from all ASBA approved BFIs and Meroshare.
Credit rating agency CARE Rating Nepal has assigned CARE NP Triple B Plus Issue Rating to the fund promoter and CARE NP AMC Quality 3 Plus rating to the scheme manager.
