Care Ratings Nepal provides Fund Management Quality Rating 3 to Sunrise Capital Limited; indicates adequate assurance on management quality

CARE Ratings Nepal Limited (CRNL) has assigned a Fund Management Quality Rating (FMQR) of ‘CARE-NP AMC Quality 3 (AMC 3)’ to Sunrise Capital Limited (SCL). CARE-NP AMC Quality 3 (AMC 3) indicates adequate assurance on management quality of Asset Management Company (AMC).

FMQR assigned to SCL derives strength from strong fund sponsor/ shareholders with technical and management support from them, experienced board of directors and management team in merchant banking and banking services, established track record of operations in merchant banking, professional fund supervisors, past experience in handling the Mutual Fund Scheme and corporate governance, policies & management information system in place.

The FMQR, however, is constrained by volatile merchant banking performances over the period, absence of track record as fund manager under Mutual Fund Regulations, 2010, evolving nature of Mutual Fund Industry and volatile trend of Nepal Stock Exchange (NEPSE) index.

Source: Care Ratings Nepal