Laxmi Value Fund-1 NAV decreases to Rs 11.03; investment of Rs 27.57 crore in 44 listed companies

Laxmi Value Fund-1 (LVF1), a closed-end 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported a Rs 1.01 per unit decrease in its Net Asset Value (NAV). Its NAV has decreased to Rs 11.03 in Magh end from Rs 12.04 in the month of Poush. Its net profit plunged to Rs. 4.37 lakh only in Magh from Rs. 5.10 crore in Poush. The scheme, which began with a fund size of Rs 50 crore, has invested Rs. 27.57 crores in the shares of listed companies and Rs 1.01 crore in public issues. The scheme has invested in 3,23,127 kittas of 44 listed companies. Out of its total investment in listed shares, Laxmi Value Fund-1 has bought 33,763 shares, the highest, of Chilime Hydropower Co. Limited.