Laxmi Value Fund-1 NAV slightly inches up to Rs 13.74; Investment of 3.63 lakh kitta shares in 43 listed companies

Laxmi Value Fund-1 (LVF1), a closed-end 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported Rs 0.13 per unit increase in its Net Asset Value (NAV) in Jestha 2074. Its NAV has increased to Rs 13.74 in Jestha end from Rs 13.61 in the month of Baisakh. The scheme, which began with a fund size of Rs 50 crore, has invested Rs 33.84 crore in the shares of listed companies and Rs 2.77 crore in public issues. The scheme has invested in 3.63 lakh kitta shares of 43 listed companies as of Jestha 2074 end. Out of its total investment in listed shares, Laxmi Value Fund-1 has bought 47,155 shares, the highest, of Nepal Doorsanchar Co. Ltd. (NTC). It has set aside Rs 6 crore in fixed deposit account while it has Rs 26.59 crore left as bank balance. Its net profit has increased to Rs. 13.58 crore in the month of Jestha from only Rs. 12.96 crore in Baisakh.