Mega Mutual Fund 1 and Prabhu Select Fund Report Decline in Net Profit in Magh
Sun, Feb 27, 2022 11:17 AM on Latest, Mutual Fund,
The NAV report of "Mega Mutual Fund 1" has been unveiled for the month Magh.
"Mega Mutual Fund 1" is a closed-end fund, meaning it can be traded in NEPSE. The fund has a maturity period of 10 years.
10 crore units were issued at a par value of Rs. 10 per unit. The issue was oversubscribed more than 2.37 times and was resized to 125% of its initial size, given the oversubscription.
Thus, the issue began with a fund size of Rs. 1.5 Arba, and has invested Rs. 64.91 crores in listed shares in Magh. Rs. 4.77 crores have been invested in non-listed shares and Rs. 12.5 crores in fixed deposits. The fund has Rs. 51.46 crores worth of bank deposits, and Rs. 1.95 crores of other assets.
The fund has reported a NAV of Rs. 10.26 in Magh, compared to the NAV of Rs. 10.38 in the month before that. It has reported a net profit of a little over Rs. 3.23 crores in Magh. In the month before that, it was at a net profit of Rs. 4.72 crores.
Similarly, Prabhu Select Fund has also unveiled its Magh's NAV report. Prabhu Select Fund is Prabhu Capital's first-ever mutual fund scheme. It is a close-ended scheme with a maturity period of 7 years. Since the issue was oversubscribed, the size of the Prabhu Select Fund was extended to 125 million units, which is worth Rs. 1.25 billion, even though the fund had only issued 100 million units initially.
According to the financial report published today, the mutual fund scheme’s NAV stands at Rs. 10.70 as of Magh end, 2078 which was Rs. 10.82 in the previous month.
The scheme which began with a total fund of Rs.1.25 Arba has invested Rs. 58.82 crores in the listed shares and Rs. 1.31 crores in public issues, right shares, and bonus shares. This scheme has Rs. 55.06 crores in the bank balance. The scheme has Rs. 16.50 crores in fixed deposits and has invested Rs. 1.625 crores in bonds and debentures.
Prabhu Select Fund has posted a net profit of Rs. 9.51 crores in the month of Magh. Its profit was Rs. 10.99 crores last month.