Application Deadline for 'Sanima Flexi Fund' Extended until Falgun 20

Kathmandu, Falgun 11. The application deadline for the 'Sanima Flexi Fund' has been extended until Falgun 20. Previously, the fund was supposed to close for applications on Falgun 11, but due to insufficient applications as per demand, the deadline has been extended, as stated by Sanima Capital.

Applicants can apply for a minimum of 100 units to a maximum of 4 million units. Shares can be subscribed through C-ASWA registered banks and financial institutions or My Shares. According to the company, in the second phase, the plan manager will continuously buy and sell units through the distributor appointed.

Sanima Capital has opened sales for the 'Sanima Flexi Fund' from Falgun 6 today. In the first phase, the 40 million units of 'Sanima Flexi Fund' (open-ended) operating under Sanima Mutual Fund have been opened for sale. An application can be made at a rate of 10 Nepali rupees per unit.

Out of the total size of the scheme, Sanima Bank, the fund promoter, has secured 14 percent, that is, 1 million 30 thousand units, and 200 thousand units have been secured for the scheme managing company, Sanima Capital, with the remaining 2 million 50 thousand units opened for sale to the general public.