Laxmi Value Fund profit plunges by 64.14% to Rs.9.55 crore; NAV decreased to Rs 12.93

Laxmi Value Fund-1 (LVF-1), a closed-ended 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported decline in Net Asset Value (NAV). As per the monthly financial report published by the fund today, its NAV has dropped to Rs 12.93 in the Shrawan end from Rs15.38 in the month of Ashad. The scheme, which began with a fund size of Rs 50 crore, has invested Rs. 42.34 crore in the shares of listed companies and Rs 58.34 lakhs in public issues. The scheme has invested in 321,966 unit shares in 52 listed companies. LVF-1 net profit depreciated to Rs. 9.55 crore in Shrawan end from Rs. 26.65 crore in last month. Its profit plunged by 64.14 percent. Out of its total investment in listed shares, Laxmi Value Fund has bought 27,995 unit shares, the highest share of Nepal Doorsanchar Company Limited (NTC). Laxmi Value Fund had proposes 25 percent cash dividend to its unitholders.