Global IME Sammunati Scheme-1 profit plunges by 50.78% in Kartik end; NAV dropped to Rs 9.90

Global IME Sammunati Scheme-1 (GIMES1),a close ended 7 years mutual fund scheme managed by Global IME Capital 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. 9.90 in Kartik end from Rs 10.34 on Ashwin end. The NAV of the fund is below the par value of Rs 10 per unit. The scheme, which was launched with a total fund of Rs 80 crore, has invested Rs. 63.79 crore in the shares of listed companies and Rs 65.78 crore in non- listed shares as on Kartik end. The scheme has invested 1,482,282 kittas in 88 listed companies. The fund has reported net profit of Rs. 4.28 crore in the month of Kartikdown from Rs 8.70 crore in the month of Ashwin—plunges by 50.78%. Out of its total investment in listed shares, Global IME Sammunati Fund has bought 2.92 lakh unit shares (Rs28.80 lakh), the highest shares of Laxmi Equity Fund. However, the fund has invested the highest amount i.eRs. 3.12 crorein Nabil Bank Limited (NBL).