Laxmi Value Fund-1 NAV increases to Rs 11.55 in Falgun; investment of Rs 28.52 crore in 44 listed companies
- ShareSansar, March 26, 2017 on Featured , Latest , Mutual Fund , Stock Market
Laxmi Value Fund-1 (LVF1), a closed-end 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported a Rs 0.52 per unit increase in its Net Asset Value (NAV) in Falgun 2073 end. Its NAV has increased to Rs 11.55 in Falgun end from Rs 11.03 in the month of Magh. Its net profit has increased to Rs. 2.63 crore in Falgun from only Rs. 4.37 lakh in Magh.
The scheme, which began with a fund size of Rs 50 crore, has invested Rs. 28.52 crores in the shares of listed companies and Rs 1.14 crore in public issues. The scheme has invested in 3,07,740 kittas of 44 listed companies.
Out of its total investment in listed shares, Laxmi Value Fund-1 has bought 30,663 shares, the highest, of Chilime Hydropower Co. Limited (CHCL). It has set aside Rs 8 crore in fixed deposit account while it has Rs 18.01 crore left as bank balance.