Citizens Mutual Fund-1 (CMF1) and Citizens Mutual Fund-2 (CMF2) unveil monthly NAV report; NAV falls for both in Ashwin
Sun, Nov 1, 2020 10:37 AM on Latest, Mutual Fund,
Citizens Mutual Fund-1 (CMF1) a 7-year closed-end mutual fund scheme has published its monthly report for the month of Ashwin, 2077.
As per the report, a mutual fund has reported a decrease in Net Assets Value (NAV) to Rs 10.92 from Rs 12.25. The scheme, which began with a fund size of Rs 82 crore has invested Rs 54.63 crore in the shares of listed companies and Rs 7.01 lakh in non-listed shares.
This scheme has invested Rs 8 crore in fixed return assets and has Rs 25.19 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 6.05 crores till Ashwin.
Citizens Mutual Fund-2 (CMF2) is CBIL Capital Limited's 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 Ashwin, 2077.
As per the report, the mutual fund has reported a decrease in its Net Assets Value (NAV) to Rs 10.99 till Ashwin end from Rs 11.86 last month. The scheme, which began with a fund size of Rs 1 Arba has invested Rs 39.71 crore in the shares of listed companies and Rs 7.01 lakhs in non-listed companies.
This scheme has invested Rs 4 crore in fixed return assets and has Rs 16.61 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 profit of Rs 4.78 crore till Ashwin end.
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