Securities Board of Nepal (SEBON) has approved the public issue of Sanima Equity Fund. The mutual fund scheme is coming out with 12 crore units shares worth Rs 1.20 arba at Rs 10 per unit to the general public.
Sanima Equity Fund is a closed-end, 7 year equity oriented scheme with fund size of Rs 1.20 arba. The mutual fund is managed by Sanima Capital Limited and Sanima Bank Limited is its fund sponsor.
There are 11 mutual fund schemes already trading in NEPSE currently. Siddhartha Equity Fund recently floated its issue and is yet to be listed in Nepal Stock Exchange.