Laxmi Value Fund and Laxmi Equity Fund reports decrease in NAV at Rs 11.45 and Rs 9.48 respectively

Laxmi Value Fund-1 (LVF1), a close end 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported Rs 11.45 NAV for the month of Poush while it was Rs 11.65 for the previous month. The scheme, which began with a fund size of Rs 50 crore, has invested Rs 36.57 crore in the shares of 40 listed companies and Rs 4.65 lakh in public issues. Out of its total investment in listed shares, Laxmi Value Fund-1 has bought 48,385 units of shares of Sanima Bank Limited (SANIMA), however the highest amount invested is Rs 3.49 crore in 40, 318 shares of Nabil Bank Limited Promotor Share (NABILP) . It has set aside Rs 9 crore as fixed deposit and Rs 12.13 crore as bank balance. It has reported net loss of 1.69 crore which was Rs 66.75 lakh in the last month. Its LTP was Rs 11.3 as on Magh 11, 2074. Similarly, Laxmi Equity Fund (LEMF), a close-end 7 years equity oriented mutual fund scheme also managed by Laxmi Capital Market Limited, has reported Rs 9.48 as its NAV for the month of Poush which has dercreased from Rs 9.72 for the previous month. The scheme, which began with a fund size of Rs 1.25 arba has invested Rs 65.99 crore in listed shares and Rs 11.62 lakh in public issues. The scheme has invested in 10.09 lakh unit shares of 50 listed companies as of Poush end. Out of its total investment in listed shares, Laxmi Equity Fund has bought 61, 574 units shares of Prabhu Bank Limited (PRVU) however, the highest amount invested is Rs 3.84 crore in 21, 474 unit shares of Nepal Life Insurance Company Limited (NLIC). It has set aside Rs 25 crore in fixed deposit and Rs 25.68 crore as bank balance. It has reported net loss of Rs 6.22 crore which was Rs 3.28 crore in the previous month. Its LTP was Rs 10 as on Magh 11, 2074.