Laxmi Value Fund-1 NAV decreases to Rs 12.04; reports profit of Rs. 5.10 Crores in Mangsir

Laxmi Value Fund-1 (LVF1), a closed-endd 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported a Rs 0.22 decrease in its Net Asset Value (NAV). Its NAV has decreased to Rs. 12.04 in Poush end from Rs.12.26 in the month of Mangsir. Its net profit plunged to Rs. 5.10 crore in Poush from Rs. 6.22 crore in Mangsir. The scheme, which began with a fund size of Rs 50 crore, has invested Rs. 32.79 crores in the shares of listed companies and Rs 1.16 crore in public issues. The scheme has invested in 3,23,138 kittas of 41 listed companies. Out of its total investment in listed shares, Laxmi Value Fund-1 has bought 33,763 shares, the highest, of Chilime Hydropower Co. Limited.