Both mutual funds of Laxmi Capital report decline in NAV of Bhadra, 2076; LVF1's NAV at Rs 9.56 and LEMF's NAV at Rs 8.41

Laxmi Value Fund-1 (LVF1), a closed-end 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported decline in NAV to Rs 9.56 from Rs 9.94 for the month of Bhadra.

The scheme, which began with a fund size of Rs 50 crore, has invested Rs 22.94 crore in the shares of 28 listed companies and has Rs 2.03 lakhs investment in public issues.

This mutual fund has Rs 5 crore as fixed deposit and Rs 19.70 crore as bank balance. It has reported net loss of Rs 11.32 crore till Bhadra month.

Out of its total investment in listed shares, Laxmi Value Fund-1 has bought highest 45,158 units shares of the Nabil Bank Limited worth Rs 3.38 crore.

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Similarly, Laxmi Equity Fund (LEMF), a closed-end 7 years equity oriented mutual fund scheme also managed by Laxmi Capital Market Limited, has reported fall in NAV to Rs 8.41 from Rs 8.92 in the month of Bhadra.

The scheme, which began with a fund size of Rs 1.25 arba has invested Rs 82.38 crore in listed shares of 76 different companies.

LEMF has invested Rs 14.54 lakh in initial public offerings and Rs 2 crore in bond/debentures. This mutual fund has Rs 6.5 crore as fixed deposit and Rs 14.25 crore as bank balance.

It has reported net loss of Rs 28.54 crore till Bhadra.

Out of its total investment in listed shares, Laxmi Equity Fund has made high investment in Nepal Bank limited worth Rs 3.66 crore.

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