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Nabil Balanced Fund-1 & Nabil Equity Fund report rise in NAV to Rs 21.33 & Rs 9.74 respectively in Falgun end

- ShareSansar, March 24, 2017  on Featured , Latest , Mutual Fund , Stock Market
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Nabil Balanced Fund-1 (NBF1), a close-ended five years mutual fund scheme managed by Nabil Investment Banking Limited has reported a surge in its Net Asset Value (NAV) in Falgun 2073.

According to the financial report published today, the mutual fund scheme’s NAV has increased to Rs 21.33 at the end of Falgun, 2073 from Rs 20.53 posted in Magh, 2073. The NAV of the fund is above the par value of Rs 10 per unit.

The scheme, which began with a total fund of Rs 75 crore, has investment of Rs 64.02 crore in 68 listed companies’ shares, Rs 11.44 crore in debentures, and Rs 12.61 crore in non-listed shares as of Falgun end.

The fund reported a net loss of Rs 34.37 crore in the month of Falgun from net loss of Rs 40.40 crore last month.

Out of its total investment in listed shares, Nabil Balanced Fund-1 has bought 65,060 unit shares, the highest shares of Hydroelectricity Investment & Development Company Limited (HIDCL). It has the highest investment of Rs 5.15 crore in the shares of Standard Chartered Bank Limited (SCB).

The last traded price (LTP) of NBF-1 stood at Rs 20 as on March 23, 2017.

Likewise, Nabil Equity Fund (NEF), a close-ended seven years mutual fund scheme managed by Nabil Investment Banking Limited has also posted a meager increase in its Net Asset Value.

According to the financial report published today, the mutual fund scheme’s NAV increased to Rs. 9.74 at the end of Falgun, 2073 from Rs 9.63 posted in Magh, 2073. The NAV of the fund is below the par value of Rs 10 per unit.

The scheme, which began with a total fund of Rs 1.25 arba, has investment of Rs 13.70 crores in listed companies’ shares, Rs 12.50 crore in fixed deposits, and Rs 2.92 crores in shares of companies that have not been listed as of Falgun end.

The fund reported a net loss of Rs 3.25 crore in Falgun. Out of its total investment in listed shares, Nabil Equity Fund has bought 19,930 unit shares of Nepal Doorsanchar Co. Limited whereas it has invested the highest amount Rs 1.38 crores in the shares of Everest Bank Limited.

Its last traded price stood at Rs 10.30 as of March 23, 2017.

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