Citizens Mutual Fund 1 NAV decreased by 1.98% in Jestha; has Rs 64.54 crore in listed shares

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

As per the report, a mutual fund has reported a slight decrease in Net Assets Value (NAV) by 1.98% to Rs 11.34 from Rs 11.57. The scheme, which began with a fund size of Rs 82 crore has invested Rs 64.54 crore in the shares of listed companies and Rs 3.56 crore in non-listed shares.

This scheme has invested Rs 8 crore in fixed deposit and has Rs 17.05 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 9.20 crore till Jestha which was Rs 11.09 crore till the last month.