All three mutual fund schemes of NIBL Ace Capital report fall in NAV for the month of Bhadra; see other details
Tue, Oct 1, 2019 1:02 PM on Latest, Mutual Fund,
NIBL Samriddhi Fund-1 (NIBSF1), a 7-year closed-end mutual fund scheme managed by NIBL Ace Capital Limited, has reported a decrease in Net Asset Value (NAV) on Bhadra end.
According to the financial report published today, the mutual fund scheme’s NAV stands at Rs 10.09 on Bhadra end as compared to Rs 10.56 in previous month.
The scheme which was started with a total fund of Rs 1 arba, has invested Rs 68.98 crore in listed shares, Rs 31.13 Lakhs in public issues, right shares and bonus shares and Rs 5 crore in debentures.
NIBSF1 reported a net loss of Rs 6.03 crore for Bhadra which was net loss of Rs 1.29 crore till the month of Shrawan.
The scheme has Rs 10 crore in fixed deposits and has Rs 18.11 crore in bank balance.
NIBL Pragati Fund (NIBLPF), a 7 years closed-end mutual fund scheme managed by NIBL Ace Capital Limited, a wholly owned subsidiary of Nepal Investment Bank, has reported decline in NAV to Rs 7.67 as on Bhadra end from Rs 8.21 in last month.
The scheme, which was launched with a total fund of Rs 75 crore, has invested Rs 52.51 crore in listed shares of listed companies and Rs 27.09 lakh in public issues, rights shares and bonus shares.
NIBLPF reported a net loss of Rs 4.56 crore till the month of Bhadra, up from net loss of Rs 52.78 lakhs in the last month.
This scheme has no fund in fixed deposits and debenture and has Rs 4.92 crore in bank balance.
NIBL Sahabhagita Fund is NIBL Ace Capital Fund Scheme, and is first open ended fund. This fund is not tradable at Nepal Stock Exchange like other close ended fund and it has no fixed maturity period. The fund has issued only 1.25 crore units worth Rs 12.50 crore to general public.
According to the financial report published today, the mutual fund scheme’s NAV stands at Rs 9.88 on Bhadra end compared to Rs.9.95 posted in the month of Shrawan.
The scheme has invested Rs 3.73 crore in listed shares, Rs 2.43 Lakhs in public issues, right shares and bonus shares and Rs 2 crore in fixed deposit.
The scheme reported a net loss of Rs 15.67 lakh till Bhadra end against net profit of Rs 3.20 lakhs till the month of Shrawan.
The scheme has not invested in debentures and has Rs 13.85 crore in bank balance.
