Decrease in NAV of NMB Sulav Investment, NIBL Sambriddhi & Laxmi Value fund

NMB Sulav Investment Fund – 1 (NMBSF1)— a closed-end 5 years mutual fund scheme promoted by NMB Bank Limited, and operated by the bank’s subsidiary NMB Capital Limited—has reported slight decline in net asset value (NAV). According to the financial report published today, the mutual fund scheme’s NAV decreased to Rs 12.23 in Ashwin end from Rs 12.56 in Bhadra end. The NAV of the fund is above the par value of Rs 10 per unit The scheme, which began with a total fund of Rs 75 crore, has invested Rs 62.23 crore, Rs 4.04 crore in public issues, rights shares and bonus shares. The scheme has invested in 7,22,905 kittas of 71 listed companies. NMBSF-1has reported a net profit of Rs 1.46 crore for the month of Ashwin, a decrease from 1.61 crore in last month. Out of its total investment in listed shares, NMB Sulav Investment Fund – 1has bought 31,105 unit shares, the highest shares of Nepal Doorsanchar Company Limited. Likewise, Laxmi Value Fund-1 (LVF-1), a closed-ended 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported slight decline in Net Asset Value (NAV). As per the financial report published today, the mutual fund scheme’s NAV dropped to Rs 10.88 at the end of Ashwin from Rs 11.21 in Bhadra end. The NAV of the fund is above the par value of Rs 10 per unit. The scheme, which began with a fund size of Rs50 crore, has invested Rs 28.47 crore in the shares of listed companies and Rs 1.69 crore in public issues. The scheme has invested in 2,82,593 kittas of 40 listed companies. LVF-1 has reported a net profit of Rs 4.13 crore for the month of Ashwin, a decrease from Rs 5.79 crore in previous month. Out of its total investment in listed shares, Laxmi Value Fund– 1 has bought 28,218 unit shares, the highest shares of Chilime Hydropower Company limited. Similarly, NIBL Samriddhi Fund-1 (NIBSF1), a 7 years close-ended mutual fund scheme managed by NIBL Capital Market Limited, has reported net asset value (NAV) of Rs 11.03 per unit as on Ashwin end from Rs 11.47 in the month of Bhadra. The scheme, which was launched with a total fund of Rs 100 crore, has invested Rs74.79 crore in listed shares, Rs3.30 crore on bonds and debentures and Rs3.84 crorein public issues as of Ashwin end. The scheme has invested in 59 listed companies. NIBSF1 has reported a net profit of Rs 10.55 crore for the month of Ashwin, a decrease from Rs 14.92 crore in previous month. Out of its total investment in listed shares, NIBL Samriddhi Fund-1has bought 44,790unit shares, the highest shares of Agriculture Development Bank limited.