Sanima Capital Limited has officially announced the issue of its new open-ended mutual fund scheme, Sanima Flexi Fund, on 6th Falgun 2081. The initial subscription period will close on 11th Falgun 2081, but if the fund is not fully subscribed, it may be extended until 20th Falgun 2081.
This is the first open-ended mutual fund scheme introduced under Sanima Mutual Fund, following approval from the Securities Board of Nepal (SEBON) on 2nd Magh 2081.
Key Features of Sanima Flexi Fund
- Fund Size: Rs. 1 Arba (10 crore unit shares)
- First Phase Issue: 4 crore units worth Rs. 40 crores
- Sponsor Allocation: 1.3 crore units (13%), worth Rs. 13 crores (Sanima Bank Limited)
- Scheme Manager Allocation: 20 lakh units (2%), worth Rs. 2 crores (Sanima Capital Limited)
- General Public Allocation: 2.5 crore units, worth Rs. 25 crores
- Minimum Investment: 100 units
- Maximum Investment: 40,00,000 units
How to Invest?
Since Sanima Flexi Fund is an open-ended mutual fund, its units will not be listed on the stock exchange. Instead, investors can buy and sell fund units directly through Sanima Capital and its designated distributors as per the Mutual Fund Regulation, 2067.
Ways to Apply for Units:
- Sanima Capital’s office
- Designated bank branches
- Online platforms (Mero Share, C-ASBA linked accounts)
- Systematic Investment Plan (SIP) option available for regular investments
Sanima Capital’s Experience in Fund Management
This Capital, a subsidiary of Sanima Bank Limited, has been managing mutual funds in Nepal for nine years, currently operating two closed-end mutual fund schemes:
- Sanima Large Cap Fund (SLCF)
- Sanima Growth Fund (SAGF)
Previously, it managed Sanima Equity Fund, which completed its seven-year tenure, delivering an estimated annualized return of 175% to investors.
A New Investment Opportunity
With the launch of Sanima Flexi Fund, Sanima Capital aims to provide a structured and professionally managed investment option for long-term investors.
Key Dates to Remember:
- Subscription Closes: 11th Falgun 2081 (or 20th Falgun 2081 if extended)
- Application Platforms: Banks, financial institutions, and online services linked to C-ASBA accounts
This scheme is expected to attract strong investor interest, offering a flexible and accessible investment vehicle in Nepal’s capital market.