Loss Shrinks for Global IME Samunnat Scheme-1 in Poush, Global IME Balanced Fund – 1 Reports Net Profit
Sun, Jan 29, 2023 11:31 AM on Latest, Mutual Fund,
The NAV report of "Global IME Balanced Fund – 1 (GIBF1)" has been unveiled for the month of Poush.
The "Global IME Balanced Fund – 1" is a closed-end fund and has a maturity period of 10 years. Global IME Balanced Fund – 1 has a fund size of Rs. 1.02 Arba.
The NAV stands at Rs. 10.51 in Poush which was Rs. 9.88 in the previous month. The fund has invested Rs. 68.25 crore in listed shares, Rs. 4.94 crore in non-listed shares, and Rs. 14 crore in fixed deposits. The fund has Rs. 17.47 crores in the bank and other assets worth Rs. 2.82 crores.
The fund was at a net profit of Rs. 5.21 crores in Poush. In the month before that, the fund saw a net loss of Rs. 1.25 crores.
Similarly, Global IME Samunnat Scheme-1 (GIMES1), a closed-ended 7 years mutual fund scheme managed by Global IME Capital Limited, has reported a rise in its Net Asset Value (NAV) till the end of Poush.
As per the financial report published, the mutual fund scheme’s NAV has risen to Rs. 10.51 by the end of Poush from Rs. 9.11 in the month before that.
The scheme, which was launched with a total fund of Rs. 1 Arba, has invested Rs. 79.03 crores in the shares of listed companies. It has invested Rs. 2.62 crores in non-listed shares as of Poush's end. Similarly, it has invested Rs. 7.18 crore in debentures, and Rs. 8 crores in fixed deposits.
The fund has reported a net loss of Rs. 24.96 crores till the month of Poush. In the month before that, the fund saw a net loss of Rs. 38.96 crores.