Laxmi Equity Fund reports rise in NAV while Value Fund -1 reports fall; NAV at Rs 9.40 and Rs 9.51 respectively

Thu, Nov 28, 2019 11:21 AM on Latest, Mutual Fund, Stock Market,

Laxmi Value Fund-1 (LVF1), a closed-end 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported decline in NAV to Rs.9.51 from Rs.9.54 for the month of Kartik.

The scheme, which began with a fund size of Rs.50 Crore, has invested Rs.22.56 Crore in the shares of 28 listed companies and has Rs.2.03 Lakhs investment in public issues.

This mutual fund has Rs.5 Crore as fixed deposit and Rs.20.21 Crore as bank balance. It has reported net loss of Rs.11.57 Crore till end of Kartik month.

Out of its total investment in listed shares, Laxmi Value Fund-1 has bought highest 45,158 units shares of the Nabil Bank Limited worth Rs.3.43 Crore.

Announcement

Similarly, Laxmi Equity Fund (LEMF), a closed-end 7 years equity oriented mutual fund scheme also managed by Laxmi Capital Market Limited, has reported rise in NAV to Rs.8.40 from Rs.8.35 in the month of Kartik.

The scheme, which began with a fund size of Rs.1.25 Arba has invested Rs.79.83 Crore in listed shares of 70 different companies.

LEMF has invested Rs.14.54 Lakh in initial public offerings and Rs.2 Crore in bond/debentures. This mutual fund has Rs.6.50 crore as fixed deposit and Rs.15.59 Crore as bank balance.

It has reported net loss of Rs.28.73 Crore till Kartik.

Announcement