Laxmi Value Fund-1 earning surges by 35.75% to Rs 12.97 crore; NAV rises to Rs 13.61

Laxmi Value Fund-1 (LVF-1), a closed-ended 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported increase in Net Asset Value (NAV). As per the monthly financial report published by the fund today, its NAV has risen to Rs 13.61 in the month of Bhadra from Rs 12.93 in the month of Shrawan. The scheme, which began with a fund size of Rs 50 crore, has invested Rs. 42.31crore in the shares of listed companies and Rs 27.81 lakhs in public issues. The scheme has invested in 313,806 unit shares in 50 listed companies. LVF-1 net profit inclined to Rs. 13.61 crore in Bhadra end from Rs. 12.93 crore in last month. Its profit surges by 35.75 percent. Out of its total investment in listed shares, Laxmi Value Fund has bought 29,640 unit shares, the highest share of Nepal Doorsanchar Company Limited (NTC).