All Three Funds of NIBL Ace Capital Report Rise in NAV, Net Profit, and Equity Investment in Chaitra
Tue, Apr 27, 2021 12:27 PM on Latest, Mutual Fund,
NIBL Ace Capital Limited has published the Net Asset Value (NAV) till Chaitra, 2077 of all three of its funds. All three funds have reported an increase in the respective NAV for the month of Chaitra.
The funds have also reported an increase in net profit and realized income in the period. All three funds have boosted their investment in equity. Furthermore, NIBL Samriddhi Fund-1 has also upped its investment in bonds and debentures, which are relatively safer investment instruments.
NIBL Samriddhi Fund-1 (NIBSF1)
NIBL Samriddhi Fund-1 (NIBSF1), a 7-year closed-end mutual fund scheme managed by NIBL Ace Capital Limited has reported a slight increase in its net asset value (NAV) for the month of Chaitra.
According to the financial report published today, the mutual fund scheme’s NAV stands at Rs. 15.51 as of Chaitra end, 2077 which was Rs. 14.69 in the previous month.
The scheme which began with a total fund of Rs.1 Arba has invested Rs. 65.51 crores in the listed shares and Rs. 11.08 crores in public issues, right shares, and bonus shares. The scheme has Rs. 21.25 crores in fixed deposits and has invested Rs. 10 crores in bonds and debentures.
This scheme has Rs. 49.40 crores in the bank balance.
NIBSF1 has posted a net profit of Rs. 51 crores in the month of Chaitra. Its profit for the previous month was Rs. 42.88 crores.
NIBL Pragati Fund (NIBLPF)
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 an increase in its net asset value (NAV) for the month of Chaitra.
According to the financial report published today, the mutual fund scheme’s NAV stands at Rs. 17.65 as of Chaitra end, 2077 which was Rs. 16.32 in the previous month.
The scheme which began with a total fund of Rs.75 crores has invested Rs. 90.86 crores in the listed shares and Rs. 8.06 crores in public issues, right shares, and bonus shares. This scheme has Rs. 38.66 crores in the bank balance.
NIBLPF has posted a net profit of Rs. 58.4 crores in the month of Chaitra. Its profit was Rs. 48.40 crores last month.
NIBL Sahabhagita Fund
NIBL Sahabhagita Fund is NIBL Ace Capital's fund scheme and is the first open-ended fund. This fund is not tradable at Nepal Stock Exchange like other closed-ended funds and it has no fixed maturity period.
According to the financial report published today, the fund scheme’s NAV stands at Rs. 17.12 as of Chaitra end, 2077 which was Rs. 15.88 in the previous month.
The scheme has invested Rs. 28.67 crores in the listed shares and Rs. 2.02 crores in public issues, right shares, and bonus shares. It has 5.7 crores in fixed deposits and has invested 2.44 crores in bonds and debentures.
This scheme has Rs. 15.4 crores in the bank balance. NIBL Sahabhagita Fund has posted a net profit of Rs. 17.7 crores in the month of Chaitra. The profit was Rs. 13.85 crores last month.
