Both schemes of Citizen Mutual Fund reports loss for Bhadra, 2076; NAV of CMF1 and CMF2 stands at Rs 11.21 and Rs 9.41 respectively
Wed, Oct 2, 2019 12:59 PM on Latest, Mutual Fund, Stock Market,
Citizens Mutual Fund-1 (CMF1) a 7-year closed-end mutual fund scheme has published its monthly report for the month of Bhadra, 2076.
As per the report, a mutual fund has reported a minimal decrease in Net Assets Value (NAV) to Rs 11.21 from Rs 11.43. The scheme, which began with a fund size of Rs 82 crore has invested Rs 70.21 crore in the shares of listed companies and Rs 2.31 lakh in non-listed shares.
This scheme has invested Rs 8 crore in fixed deposit and has Rs 12.67 crore in the bank balance.
The mutual fund is the first mutual fund of CBIL Capital. The scheme is managed by CBIL Capital with Citizens Bank International as the fund sponsor.
It has reported a net loss of Rs 1.88 crore till Bhadra which was a net profit of Rs 26.2 lakh till the last month.
Citizens Mutual Fund-2 (CMF2) is CBIL Capital Limited second mutual fund scheme, and is a 7-years closed-end fund. The recently launched scheme has published its NAV report for the month of Bhadra, 2076.
As per the report, a mutual fund has reported Net Assets Value (NAV) of Rs 9.41 till Bhadra end down from Rs 9.77 last month. The scheme, which began with a fund size of Rs 1 arba has invested Rs 31.01 crore in the shares of listed companies and Rs 1 crore in non-listed companies.
This scheme has invested Rs 4 crore in fixed deposit and has Rs 16.65 crore in the bank balance.
The scheme is managed by CBIL Capital with Citizens Bank International as the fund sponsor.
It has reported a net loss of Rs 2.93 crore till Bhadra end which was net loss of Rs 91.65 lakh last month.
