Citizen Mutual Fund-1 NAV's rises slightly; invested 77.17% of its fund in the secondary market

Thu, Mar 28, 2019 7:03 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 Falgun, 2075.

As per the report, a mutual fund has reported a increase in Net Assets Value (NAV) to Rs 10.63 from Rs 10.39. The scheme, which began with a fund size of Rs 82 crore has invested Rs 67.27 crore in the shares of listed companies and Rs 67.07 lakhs in non-listed shares.

This scheme has invested Rs 8 crore in fixed deposit and has Rs 11.07 crore in bank balance.

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. 3.39 crore till falgun month which was Rs 1.40 crore till the last month.

Also see: Mutual Funds and their latest NAVs