Shubha Laxmi Kosh Secures SEBON Approval to Triple Fund Size to Rs 3 Arba
Summary
Laxmi Sunrise Capital Limited has secured SEBON approval to expand its open-ended mutual fund scheme, Shubha Laxmi Kosh, from Rs 1 Arba to Rs 3 Arba. The fund has also introduced a systematic withdrawal plan and a systematic investment plan for unit holders.
Key Points
- SEBON has approved Laxmi Sunrise Capital Limited’s request to triple the authorized size of Shubha Laxmi Kosh to Rs 3 Arba.
- The open-ended mutual fund had earlier grown from an initial Rs 50 crore size to Rs 1 Arba within a year.
- The scheme now offers both a Systematic Withdrawal Plan (SWP) and a Systematic Investment Plan (SIP).
