ICRA Nepal re-affirms ICRANP AMC Quality 3 Rating to Fund Management Quality of Sanima Capital

ICRA Nepal Limited has re-affirmed a [ICRANP] AMC Quality 3 (AMC3) (Pronounced as ICRA NP Asset Management Company Quality Three) Rating to the Fund ManagementQuality Rating of Sanima Capital Limited. Entities rated with AMC3 are adjudged to provide adequate assurance on management quality.

ICRA Nepal's opinion is not a comment on statutory compliance, financial performance or future performance of schemes managed by the Asset Management Company.

ICRA Nepal assigns Rating on a scale of AMC1 to AMC5, with AMC1 adjudged to provide the highest assurance on management quality and AMC5 adjudged to providepoor assurance on the management quality. For the quality Rating 2,3 and 4 the sign of + (Plus) may be appended to indicate their relative better positionwithin the rating categories concerned.