Recently Allotted Units of Sunrise Focused Equity Fund (SFEF) Finally Listed in NEPSE

10 Crore units of Sunrise Focused Equity Fund (SFEF) have been listed in NEPSE. The fund had initially issued only 12 crore units but the issue was resized due to lower number of applicants applying for the fund.

"Sunrise Focused Equity Fund" is a closed-end fund and has a maturity period of 10 years. Sunrise Capital allotted its Sunrise Focused Equity Fund on 10th Magh. However, the close-ended mutual fund had received applications for just 10 crore unit mutual fund out of the 12 crores, following which the fund manager had been forced to reduce the size of the fund to Rs 1 Arba.