Deadline To Apply For Sanima Capital's Mutual Fund Scheme "Sanima Flexi Fund" Extended Till Falgun 20
Sun, Feb 23, 2025 9:06 AM on Latest, Mutual Fund,
Sanima Capital Limited has extended the deadline for the mutual fund scheme "Sanima Flexi Fund" to the general public and institutions until the 20th of Falgun, 2081. The issue opened on the 6th of Falgun and was supposed to close today, the 11th of Falgun, 2081. However, since the scheme didn't receive enough applications, the deadline has been extended until Falgun 20.
Out of the total 10 crore unit shares worth Rs. 1 Arba, 40%, i.e., 4 crore units worth Rs. 40 crores will be issued. Among them, 13%, i.e., 1.3 crore units worth Rs. 13 crores, have been allocated to the fund sponsor Sanima Bank Limited, while 2%, i.e., 20 lakh units worth Rs. 2 crores, have been allocated to the scheme manager Sanima Capital Limited. The remaining 2.5 crore units worth Rs. 25 crore will be issued to the general public and institutions.
"Sanima Flexi Fund" is an open-ended fund. Applicants can apply for a minimum of 100 units to a maximum of 40,00,000 units.
According to CDSC, a total of 29,869 applicants have applied for 1,95,51,660 units worth Rs. 19.55 Crore so far. This data is as of 5 pm yesterday.
Sanima Capital Limited currently manages two closed-end mutual fund schemes "Sanima Large Cap Fund (SLCF)" and "Sanima Growth Fund (SAGF)" in the market.
