Laxmi Value Fund and Laxmi Equity Fund reports diminished in NAV to Rs 11.21 and Rs 9.15 respectively

Laxmi Value Fund-1 (LVF1), a close end 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported Rs 11.21 NAV for the month of Magh while it was Rs 11.45 for the previous month. The scheme, which began with a fund size of Rs 50 crore, has invested Rs 35.19 crore in the shares of 38 listed companies and Rs 8.39 lakh in public issues. Out of its total investment in listed shares, Laxmi Value Fund-1 has bought 48,386 units of shares of Sanima Bank Limited (SANIMA), however the highest amount invested is Rs 3.41 crore in 40, 318 shares of Nabil Bank Limited Promoter 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 2.90 crore which was Rs 1.69 crore in the last month. 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 9.15 as its NAV for the month of Magh which has diminished from Rs 9.48 for the previous month. The scheme, which began with a fund size of Rs 1.25 arba has invested Rs 63.94 crore in listed shares and Rs 20.97 lakh in public issues. The scheme has invested in 10.57 lakh unit shares of 50 listed companies as of Magh end. It has reported net loss of Rs 10.37 crore which was Rs 6.21 crore in the previous month. Out of its total investment in listed shares, Laxmi Equity Fund has bought 61, 574 units shares of Prabhu Bank Limited (PRVU).