NAV of three Mutual Fund schemes drop slightly

ShareSansar, March 27:

Nepal Investment Bank Limited (NIBL) Samriddhi Fund-1, a 7 years close-ended mutual fund scheme managed by NIBL Capital Market Limited, has reported net asset value (NAV) of Rs 9.945 per unit at the end of Falgun, which is below the par value of Rs 10 per unit. The scheme’s NAV was at Rs. 9.984 at the end of Magh.

As per a report published on Friday, the scheme, which was launched with a total fund of Rs 100 crore, has invested Rs 35.42 crore in listed shares and Rs 2.50 crore on bonds and debentures. Till date NIBL Samriddhi Fund–1 has invested Rs 35.42 crore in the shares of 37 listed companies.

Meanwhile, Siddhartha Lagani Briddhi Yojana-1, managed by Siddhartha Capital Limited, has reported an NAV of Rs 18.50 at Falgun end, which is above par value of Rs 10 per unit. The scheme’s net asset value was at Rs. 18.69 on Magh.

As per the report published today, the scheme has invested Rs 82.44 crore in listed shares and Rs 7.50 crore in public issues. Till date the Siddhartha Lagani Briddhi Yojana-1 has invested Rs 82.44 crore in the shares of 56 listed companies.

Likewise, Siddhartha Equity Oriented Scheme, a close-ended 5 years mutual fund scheme managed by Siddhartha Capital Limited, has reported an NAV of Rs 9.11 for the month of Falgun, which is below par value of Rs 10 per unit. The scheme’s NAV was at Rs. 10.09 on Magh end.

The scheme that began with a total fund of Rs 100 crore, has invested Rs 60.76 crore in listed shares, Rs 3.74 crore in public issues, Rs 10 crore in fixed deposits and Rs 2 crore on bonds and debentures. Till date Siddhartha Equity Oriented Scheme has invested Rs 60.49 crore in the shares of 57 listed companies.