LVF1 and LEMF NAV's decreased slightly by 0.25% and 1.08% respectively in Ashad; LEMF bought Rs 10.63 crore worth listed shares last month

Laxmi Value Fund-1 (LVF1), a closed-end 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported slight decrease in NAV by 0.25% to Rs 11.58 for the month of Ashad.

The scheme, which began with a fund size of Rs 50 crore, has invested Rs 25.74 crore in the shares of 28 listed companies and has Rs 58.21 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 3.61 crore.

This mutual fund has Rs 5 crore as fixed deposit and Rs 27.11 crore as bank balance. It has reported net loss of Rs 6.42 crore till Ashad which was Rs 6.27 crore till the end of Jestha month.

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 by 1.08% to Rs 9.10 in the month of Ashad.

The scheme, which began with a fund size of Rs 1.25 arba has invested Rs 87.20 crore in listed shares of 79 different companies.

The scheme has invested in 21.90 lakh unit shares of 79 listed companies as of Ashad end. LEMF has invested Rs 1.55 crore in initial public offerings and Rs 2 crore in bond/debentures. This mutual fund has Rs 5 crore as fixed deposit and Rs 18.46 crore as bank balance.

Out of its total investment in listed shares, Laxmi Equity Fund has made major investment in Nepal Telecom, Premier Insurance, Life Insurance Corporation, NIC Asia Bank Limited and Nepal Life Insurance Company.

It has reported net loss of Rs 16.15 crore till Ashad which was Rs 14.94 crore net loss in the previous month.