Kathmandu. Sunrise Capital plans to launch under Sunrise Mutual Fund, 'Sunrise Bluechip Fund'. It is a closed ended mutual fund.

Under this scheme, Capital is issuing 100 million units at a face value of Rs. Out of which, a minimum of 50 million units should be sold and a maximum of 125 million units will be sold, according to Capital.

Investors interested in this scheme will be able to purchase from 100 units to a maximum of 10 million units. Interested persons can apply to the participating banks and financial institutions and their branch offices by obtaining permission from the Nepal Securities Board. Similarly, investors who use my shares can also apply from my shares.

For the first time in the history of mutual funds in Nepal, Sunrise Capital is about to bring a plan of this nature.

Investors who invest in Sunrise Bluechip Fund will get an average annual return of 22.38 percent, said Sunrise Capital CEO Bijay Lal Shrestha. According to him, the fund invests in companies with high market capitalization.