Citizen Mutual Fund-1 (CMF1)'s NAV stands at Rs 10.39 in the month of Magh; Net profit of Rs 1.40 crore reported

Wed, Feb 27, 2019 9:53 AM on Latest, Mutual Fund, Stock Market,

Citizen Mutual Fund-1 (CMF1) a 7-year closed-end mutual fund scheme has published its monthly report for the month of Magh, 2075.

As per the report, a mutual fund has reported a meager decrease in Net Assets Value (NAV) to Rs 10.39 from Rs 10.61. The scheme, which began with a fund size of Rs 82 crore has invested Rs 59.16 crore in the shares of listed companies and Rs 5 crore in non-listed shares.

The mutual fund is the first mutual fund of CBIL Capital. The scheme is managed by CBIL Capital with Citizens Bank International as the fund sponsor.

It has reported a net profit of Rs. 1.40 crore which was Rs. 3.22 crore in the last month.

Also see: Mutual Funds and their latest NAVs