Kathmandu. The units of ‘Sanima Flexi Fund’ operated under Sanima Mutual Fund will be opened for sale from today, Falgun 6.
In the first phase, 40 million units, which is 40 percent of the total 100 million units of this open-ended mutual fund with a face value of Rs 10, will be opened for sale.
Out of the units to be issued, 13 million units, which is 13 percent of the total size of the scheme, have been allocated to the fund promoter Sanima Bank and 2 million units, which is 2 percent, to the scheme manager Sanima Capital.
The remaining 85 million In the first phase, the general public can apply for 25 million units. Investors can apply for the purchase of units of this mutual fund until Falgun 11. If there are no applications from investors as per demand, the sale of units of this mutual will be extended until Falgun 20.
Investors will have to apply for a minimum of 100 units and a maximum of 4 million units. Investors can apply online through banks and financial institutions participating in the C-ASWA service and their designated branch offices, as well as CDSC’s Mero Share.
The Nepal Securities Board had given permission for the sale of units of this mutual fund on Magh 2.
