All three funds managed by NIBL Ace Capital reports rise in NAV till Magh, 2076; Net profits also on the rise
Wed, Feb 26, 2020 10:39 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 an increase in Net Asset Value (NAV) on Magh end.
According to the financial report published today, the mutual fund scheme’s NAV stands at Rs 11.30 on Magh end as compared to Rs.10.57 in the previous month.
The scheme which was started with a total fund of Rs.1 Arba has invested Rs.77.37 Crore in listed shares, Rs.37.30 Lakhs in public issues, rights shares and bonus shares and Rs.5 Crore in debentures.
NIBSF1 reported a net profit of Rs 12.59 Crore for Magh which was a net profit of Rs.5.24 Crore till the month of Poush.
The scheme has Rs.10 Crore in fixed deposits and has Rs 21.05 Crore in the 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 an increase in NAV as on Magh end reaching Rs 9.63 from Rs. 8.79 in last month.
The scheme, which was launched with a total fund of Rs.75 Crore, has invested Rs.64.76 Crore in listed shares of companies and Rs.52.49 lakh in public issues, rights shares and bonus shares.
NIBLPF reported a net profit of Rs.10.09 Crore till the month of Magh, up from a net profit of Rs.3.84 Crore in the last month.
This scheme has no fund in fixed deposits and debenture and has Rs.6.90 Crore in the bank balance.
NIBL Sahabhagita Fund is NIBL Ace Capital Fund Scheme and is the 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 the general public.
According to the financial report published today, the mutual fund scheme’s NAV stands at Rs.10.61 on Magh end compared to Rs.10.42 posted in the month of Poush.
The scheme has invested Rs.8.03 Crore in listed shares and Rs.2 Crore in fixed deposit.
The scheme reported a net profit of Rs.1.30 crore till Magh end against a net profit of Rs.92.12 Lakhs till the month of Poush.
The scheme has invested Rs 20 lakh in debentures and has Rs.10.19 Crore in the bank balance.
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