Laxmi value Fund and Laxmi Equity Fund reports NAV of Rs 9.94 and Rs 8.92 for the month of Shrawan, 2076; Both funds in loss

Laxmi Value Fund-1 (LVF1), a closed-end 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported decline in NAV to Rs 9.94 from Rs 11.58 for the month of Shrawan.

The scheme, which began with a fund size of Rs 50 crore, has invested Rs 24.92 crore in the shares of 27 listed companies and has Rs 6.30 lakhs investment in IPO shares.

Out of its total investment in listed shares, Laxmi Value Fund-1 has bought highest 45,158 units shares of the Nabil Bank Limited worth Rs 3.54 crore.

This mutual fund has Rs 5 crore as fixed deposit and Rs 19.57 crore as bank balance. It has reported net loss of Rs 9.39 crore till Shrawan month.

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Similarly, Laxmi Equity Fund (LEMF), a closed-end 7 years equity oriented mutual fund scheme also managed by Laxmi Capital Market Limited, has reported fall in NAV to Rs 8.92 from Rs 9.10 in the month of Shrawan.

The scheme, which began with a fund size of Rs 1.25 arba has invested Rs 87.51 crore in listed shares of 73 different companies.

LEMF has invested Rs 25.73 lakh in initial public offerings and Rs 2 crore in bond/debentures. This mutual fund has Rs 6 crore as fixed deposit and Rs 16.51 crore as bank balance.

Out of its total investment in listed shares, Laxmi Equity Fund has made high investment in Sana Kisan Laghubitta Bittiya Sanstha worth Rs 3.55 crore.

It has reported net loss of Rs 22.22 crore till Shrawan which was Rs 16.15 crore net loss in the previous month.

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