Mega Mutual Fund 1 Reports Decline in NAV in Month of Chaitra
Thu, Apr 28, 2022 12:12 PM on Latest, Mutual Fund,
The NAV report of "Mega Mutual Fund 1" has been unveiled for the month Chaitra.
"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. 77.45 crores in listed shares in Chaitra. Rs. 2.9 crores have been invested in non-listed shares and Rs. 12.5 crores in fixed deposits. The fund has Rs. 27.26 crores worth of bank deposits, and Rs. 11.03 of other assets.
The fund has reported a NAV of Rs. 9.94 in Chaitra, compared to the NAV of Rs. 9.97 in the month before that. It has reported a net loss of Rs. 6.61 crores. In the month before that, it was at a net loss of Rs. 40.25 lakhs.
