Decline in NAV and Profitability of Both Mutual Funds of NMB Capital for Baisakh

NMB Capital Limited has published the Net Assets Value (NAV) of NMB Hybrid Fund L-1 and NMB 50 till Baisakh, 2078.

NMB Hybrid Fund L-1 (NMBHF-1)'s NAV declined to Rs. 15.83 in the month of Baisakh compared to NAV of the previous month of Rs. 15.87.

The scheme, which began with a fund size of Rs.1 Arba, has invested Rs. 76.69 crores in listed shares and Rs. 1.83 crores in the public issue, right shares, and bonus shares. The fund has invested Rs. 31.05 crores in bonds and debentures.

The scheme has kept Rs. 15 crores in fixed deposits and has Rs. 32.33 crores as a bank balance.

The net profit till the end of Baisakh month stands at a little over Rs. 51.43 crores. The net profit was 51.9 crores in the month before that.

Announcement

NMB 50 (NMB50), another 7-year mutual fund scheme managed by NMB Capital has also published financial highlights for the month of Baisakh. The NAV for the period was reported at Rs. 17.51, down from Rs. 17.57 reported in the previous month.

The scheme began with a fund size of Rs.1.25 Arba including seed capital from the fund sponsors. The scheme has invested Rs. 1.3 Arba in shares of listed companies and Rs. 5.1 crores in the public issue, right shares, and bonus shares. Amount invested in fixed deposit stands at Rs. 18.25 crores while the bank balance stands at Rs. 47.29 crores. The fund has invested 15.63 crores in bonds and debentures.

By the end of Baisakh, the scheme has reported a net profit of Rs. 88.8 crores. In the previous month, the scheme was at a net profit of Rs. 89.63 crores.

Announcement