LVF1 and LEMF NAV's rises slightly in Chaitra; both fund together bought 1,12,467 units share of Universal Power

Wed, Apr 24, 2019 8:51 AM on Latest, Mutual Fund,

Laxmi Value Fund-1 (LVF1), a closed-end 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported increased in NAV to Rs 11.19 for the month of Chaitra while it was Rs 10.90 for the previous month.

The scheme, which began with a fund size of Rs 50 crore, has invested Rs 32.61 crore in the shares of 33 listed companies and has Rs 54.36 lakhs investment in IPO shares.

Out of its total investment in listed shares, Laxmi Value Fund-1 has bought highest 45,157 units Promoter shares of the Nabil Bank Limited worth Rs 3.25 crore.

This mutual fund has Rs 5 crore as fixed deposit and Rs 17.95 crore as bank balance. It has reported net loss of Rs 8.36 crore till Chaitra which was Rs 9.80 crore till the end of Falgun 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 Rs 8.95 as its NAV for the month of Chaitra which has increased from Rs 8.65 in the previous month.

The scheme, which began with a fund size of Rs 1.25 arba has invested Rs 79.88 crore in listed shares of 70 different companies.

The scheme has invested in 19.41 lakh unit shares of 70 listed companies as of Chaitra end. LEMF has invested Rs 1.35 in initial public offerings and Rs 1 crore in bond/debentures. This mutual fund has Rs 6 crore as fixed deposit and Rs 20.15 crore as bank balance.

Out of its total investment in listed shares, Laxmi Equity Fund has made highest investment in 61,075 units shares of Nepal Telecom (NTC) worth Rs 4.16 crore. Similarly they have bought 80,335 units shares of Universal Power Company Limited (UPCL) which price is trading below par at NEPSE. The last trading price of UPCL is Rs 91.

It has reported net loss of Rs 18.78 crore till Chaitra which was Rs 21.74 crore in the previous month.

Also See: Mutual Funds and their latest NAVs