Citizen Mutual Fund reports Rs 10.40 NAV for the month of Bhadra; Net profit rises to Rs 1.54 crore

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

The mutual fund has reported meager increase in Net Assets Value (NAV) of Rs 10.40 from Rs 10.23. The scheme, which began with a fund size of Rs 82 crore has invested Rs 20.47 crore in the shares of listed companies and Rs 8.82 crore in primary issues, right shares and bonus shares.

Out of its total investment in listed shares, Citizen Mutual Fund-1 has invested the highest in 27,571 units promoter shares of Nabil Bank Limited (NABILP) worth Rs 2.08 crore.

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 net profit of Rs 1.54 crore which was Rs 15.02 lakh in the last month.

Also see: Mutual Funds and their latest NAVs