Laxmi Value Fund-1 NAV decreases to Rs 12.26, reports profit of Rs. 6.22 Crores in Mangsir

Laxmi Value Fund-1 (LVF-1), a closed-ended 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported a Rs.1.11 decrease in Net Asset Value (NAV). Its NAV has decreases to Rs. 12.26 in the Mangsir end from Rs.13.37 in the month of Kartik. Its net profit plunged to Rs. 6.22 crore in Mangsir from Rs. 11.73 crore in Kartik. The scheme, which began with a fund size of Rs 50 crore, has invested Rs. 34.50 crores in the shares of listed companies and Rs 67.87 lakhs in public issues. The scheme has invested in 302,852 kittas of 42 listed companies. Out of its total investment in listed shares, Laxmi Value Fund-1 has bought 30,694 shares, the highest, of Chilime Hydropower Co. Limited.