Kumari Equity Fund (KEF)'s NAV Declines, Profit Plunges in Mangsir

Kumari Capital has unveiled the NAV report of Kumari Equity Fund (KEF) for the month of Mangsir.

Kumari Equity Fund has a fund size of Rs. 1,00,00,00,000. The fund had initially issued only 8 crore units but the issue was resized on demand. The fund managers have projected to maintain the NAV of 22.49 by the time the fund matures and projects to provide 22% average yearly returns.

The NAV of the fund stands at Rs. 10.24 in the month of Mangsir compared to Rs. 10.66 in the previous month. The fund has invested Rs. 35.97 crores in shares of listed companies and Rs. 1.98 crores on public issues, right shares, and bonus shares. The fund has Rs. 2.44 crores in bonds/ debentures and Rs. 15 crores in fixed deposits. The fund's bank balance is worth Rs. 46.96 crores and the fund has other assets totalling a little over Rs. 42.20 lakhs.

In the month of Mangsir, the fund reported a net profit of Rs. 31.43 lakhs. In the month before that, the net profit was Rs. 4.49 crores.

NAV Report