First monthly report of NMB Hybrid Fund L-1; NAV reaches to Rs 10.02

NMB Hybrid Fund L-1, a 7 years closed-end mutual fund scheme managed by NMB Capital and wholly owned subsidiary of NMB Bank, has published its first monthly financial highlights. According to the financial report published today, the mutual fund scheme’s NAV stands at Rs. 10.02 at the end of Kartik, 2073. The NAV of the fund is above the par value of Rs 10 per unit. The scheme, which began with a fund size of Rs. 1 arba, has invested Rs 19.95 lakh in public issues, bonds and debentures and has collected Rs 10 crore in fixed deposits. The fund reported a net profit of Rs 16.22 lakh as on Kartik end. NMB Hybrid Fund L-1 had issued public issue of 8 crore unit shares worth Rs 80 crore from Bhadra 26, 2073 to Bhadra 31, 2073. The issue was oversubscribed by 4.28 times total fund size was automatically increased by 25% as per SEBON guidelines. That ways fund size became Rs 1 arba out of which Rs 85 crore were allotted to the general public and 14% to the fund sponsor (NMB Bank Limited) and 1% to the fund manager (NMB Capital Limited). Investors who applied for up to Rs. 50 thousand or 5000 units (small investors) were allotted 83.22% of the shares applied whereas investors who applied for more than Rs. 50 thousand (big investors) got 15.77 percent of the applied shares on pro-rata basis.