Citizens Mutual Fund-1 and Citizens Mutual Fund-2 publish NAV report for the month of Asadh; NAV stands at Rs.11.35 and Rs.9.92 respectively

Citizens Mutual Fund-1 (CMF1) a 7-year closed-end mutual fund scheme has published its monthly report for the month of Asadh, 2076.

As per the report, a mutual fund has reported a minimal increase in Net Assets Value (NAV) to Rs 11.35 from Rs 11.34. The scheme, which began with a fund size of Rs 82 crore has invested Rs 67.41 crore in the shares of listed companies and Rs 8.03 crore in non-listed shares.

This scheme has invested Rs 8 crore in fixed deposit and has Rs 10.22 crore in the 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 9.26 crore till Asadh which was Rs 9.20 crore till the last month.

Citizens Mutual Fund-2 (CMF2) is CBIL Capital Limited second mutual fund scheme, and is a 7-years closed-end fund. The recently launched scheme has published its NAV report for the month of Asadh, 2076.

As per the report, a mutual fund has reported Net Assets Value (NAV) of Rs 9.92 till Asadh end. The scheme, which began with a fund size of Rs 1 arba hasn’t invested yet in the shares of listed companies or non-listed companies.

This scheme has invested Rs 2 crore in fixed deposit and has Rs 54.18 crore in the bank balance.

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

It has reported a net loss of Rs 42.03 Lakhs till Asadh end.