Global IME Samunnat Scheme 1 reports net loss of Rs 24.20 crore with NAV at Rs 8.24 for Mangsir

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

As per the financial report published today, the mutual fund scheme’s NAV has increased to Rs.8.24 till the end of Mangsir from Rs.7.94 in the last month end.

The NAV of the fund is below the par value of Rs.10 per unit indicating the fund is in loss.

The scheme, which was launched with a total fund of Rs.1 Arba, has invested Rs.72.03 Crore in the shares of listed companies and Rs.6.35 Crore in non-listed shares as on Mangsir end. Similarly, it has invested Rs.2 Crore in debentures.

The fund has reported net loss of Rs.24.20 Crore till the month of Mangsir which is lower than the net loss of Rs.27.15 Crore till the month of Kartik.

Announcement