Laxmi Value Fund NAV inches up to Rs 14.28 on Jestha end from Rs 13.05 previous month; profit surges by 40.84%

Laxmi Value Fund-1 (LVF-1), a closed-ended 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported slight growth in Net Asset Value (NAV). Its NAV has surged to Rs. 14.28 in the Jestha end from Rs. 13.05 in the month of Baisakh. The scheme, which began with a fund size of Rs 50 crore, has invested Rs. 40.46 crore in the shares of listed companies and Rs 1.26 crore in public issues. The scheme has invested in 337,789 unit shares in 53 listed companies. LVF-1 net profit rises to Rs. 21.11crore in Jestha from Rs. 14.99 crore in last month. Its profit increases by 40.84 percent. Out of its total investment in listed shares, Laxmi Value Fund has bought 40,264 unit shares, the highest, of Siddhartha Bank Limited.