Laxmi Equity Fund (LEMF) and Laxmi Unnati Kosh (LUK) publish NAV for Bhadra
Wed, Sep 30, 2020 10:24 AM on Latest, Mutual Fund,
Laxmi Equity Fund (LEMF), a closed-end 7 years equity-oriented mutual fund scheme managed by Laxmi Capital Market Limited, has reported a rise in NAV to Rs. 10.98 from Rs. 10.67 in the month of Bhadra.
The scheme, which began with a fund size of Rs.1.25 Arba has invested Rs. 75.62 Crore in listed shares of different companies.
LEMF has invested Rs. 42.37 Lakh in initial public offerings and Rs.2 Crore in bond/debentures. This mutual fund has Rs. 7 Crore as fixed deposits and has Rs.34.16 Crore as a bank balance.
It has reported a net profit of Rs. 1.45 Crore till Bhadra.
Laxmi Capital Market Limited has also published the financial report of “Laxmi Unnati Kosh” for the month of Bhadra. This is the first time the mutual fund has published its report after IPO issuance.
The NAV for the month of Bhadra stands at Rs. 10.04.
The fund has invested Rs. 1.82 crores in listed shares and Rs. 28.12 thousand in public issues. While the bank balance is Rs. 63.72 crores, the fund hasn't made any investment in fixed deposits.
Laxmi Unnati Kosh has reported a net profit of Rs. 27.95 lakhs in its first month.
