Sunrise Capital started issuing ‘Sunrise First Mutual Fund’ from September 25. Previously, the company extended its time till October 24 due to the under subscription of the issue.
The company is issuing 100 million units of mutual fund units, out of which, the company allocated 15 percent i.e. 15 million units to Sunrise Bank. The remaining 85 million units will be issued to the general public.
Sunrise First, a 10 yearly close-ended scheme, is the first mutual fund scheme of Sunrise Capital.
The interested investors can apply for a minimum of 100 to a maximum of 10 million of mutual fund units from all ASBA approved BFIs and through meroshare.
‘Sunrise First Mutual Fund’ the mutual fund scheme is managed by Sunrise Capital, a subsidiary company of Sunrise Bank, has committed distributing 10 percent dividend in the very first year.
Similarly, the capital estimated to distribute a dividend of 12 percent in 2nd and 3rd year, 14 percent in 4th and 5th year, 16 percent in 6th and 7th year and 18 percent in 8th and 9th year.
