NIBL Sahabhagita fund reports net profit with NAV of 9.97; NAV of Samriddhi Fund-1 falls and of Pragati remains unchanged
Thu, Nov 28, 2019 10:52 AM on Latest, Mutual Fund, Stock Market,
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 Kartik end.
According to the financial report published today, the mutual fund scheme’s NAV stands at Rs.9.38 on Kartik end as compared to Rs.9.44 in previous month.
The scheme which was started with a total fund of Rs.1 Arba, has invested Rs.67.14 Crore in listed shares, Rs.47.20 Lakhs in public issues, right shares and bonus shares and Rs.5 Crore in debentures.
NIBSF1 reported a net loss of Rs.6.66 Crore for Kartik which was net loss of Rs.6.06 Crore till the month of Ashwin.
The scheme has Rs.10 Crore in fixed deposits and has Rs.13.13 Crore in bank balance.
NIBL Pragati Fund (NIBLPF), a 7 year closed-end mutual fund scheme managed by NIBL Ace Capital Limited, a wholly owned subsidiary of Nepal Investment Bank, has reported no change in NAV as on Kartik end from Rs.7.63 in last month.
The scheme, which was launched with a total fund of Rs.75 Crore, has invested Rs.52.02 Crore in listed shares of companies and Rs.35.83 lakh in public issues, rights shares and bonus shares.
NIBLPF reported a net loss of Rs.4.90 Crore till the month of Kartik, up from net loss of Rs.4.88 Crore in the last month.
This scheme has no fund in fixed deposits and debenture and has Rs.5.23 Crore in bank balance.
NIBL Sahabhagita Fund is NIBL Ace Capital Fund Scheme, and is first open ended fund. This fund is not tradeable 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.9.97 on Kartik end compared to Rs.9.92 posted in the month of Ashwin.
The scheme has invested Rs.5.01 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 profit of Rs.3.17 Lakhs till Kartik end against net loss of Rs.6.86 Lakhs till the month of Ashwin.
The scheme has not invested in debentures and has Rs.12.94 Crore in bank balance.
