नेपाली
Kathmandu, Laxmi Sunrise Capital is set to launch its new closed-ended mutual fund scheme, ‘LS Horizon 12,’ with a total fund size of NPR 1.2 billion, targeting long-term capital growth for investors.
According to the company, the scheme will issue 120 million units at a face value of NPR 10 per unit. The fund will have a maturity period of 12 years, allowing investors to participate in a long-term wealth creation strategy.
Investors can purchase a minimum of 100 units, while the maximum subscription limit has been set at 12 million units, equivalent to 10 percent of the total issue size.
The investment strategy of the scheme allocates 80 to 100 percent of its portfolio to equities, while up to 20 percent will be invested in debt and money market instruments to ensure liquidity management.
The portfolio allocation will consist of 20 percent large-cap stocks, 30 percent mid-cap stocks, and 50 percent small-cap stocks, with a primary focus on smaller companies and low-market-cap equities that offer higher growth potential.
The scheme is open to Nepalese citizens, Non-Resident Nepalis (NRNs), registered Nepali firms, unions, organizations, banks, financial institutions, insurance companies, and welfare funds.
As part of the exit options, units of the scheme will be listed on the stock exchange, enabling investors to buy and sell during the fund’s tenure. Upon maturity, investors will receive payouts based on the prevailing Net Asset Value (NAV).
Laxmi Sunrise Bank Limited is the sponsor of the scheme, while Laxmi Sunrise Capital will serve as the fund manager. The company stated that it has already managed more than nine mutual fund schemes and holds extensive experience in investment banking and asset management.
According to the company, LS Horizon 12 is designed for investors seeking disciplined, professionally managed, long-term investment opportunities aimed at sustainable wealth creation.
