Mega Mutual Fund 1 Reports Decline in NAV in Month of Ashwin

The NAV report of "Mega Mutual Fund 1 (MMF1)" has been unveiled for the month Ashwin.

"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. 1.25 Arba, and has invested Rs. 88.56 crores in listed shares in Ashwin. Rs. 82.12 lakhs have been invested in non-listed shares and Rs. 10 crores in fixed deposits. The fund has Rs. 1.39 crores worth of bank deposits, and Rs. 52.86 lakhs of other assets.

The fund has reported a NAV of Rs. 8.08 in Ashwin, compared to the NAV of Rs. 8.13 in the month before that. It has reported a net loss of Rs. 6.95 crores. In the month before that, it was at a net loss of Rs. 6.3 crores.

NAV Report