Global IME Samunnat Scheme-1 (GIMES1)'s NAV Soars in Shrawan But Net Profit Plunges

Global IME Samunnat Scheme-1 (GIMES1), a closed-ended 7 years mutual fund scheme managed by Global IME Capital Limited, has reported a rise in its Net Asset Value (NAV) till the end of Shrawan.

As per the financial report published today, the mutual fund scheme’s NAV has fallen to Rs. 26.01 till the end of Shrawan from Rs. 22.63 in the month before that.

The scheme, which was launched with a total fund of Rs. 1 Arba, has invested Rs. 2.33 Arba in the shares of listed companies. It has invested Rs. 1.57 crores in non-listed shares as of Shrawan's end. Similarly, it has invested Rs. 8.17 crores in debentures.

The fund has reported a net profit of Rs. 48.57 crores till the month of Shrawan. In the month before that, the fund saw a net profit of slightly over Rs 1.16 Arba.

Click here for the monthly report.