Mutual Funds' NAV dwindle in Bhadra; NAV of Laxmi Value Fund–1, Laxmi Equity Fund & Global IME Samunnat Scheme-1 shrink to Rs 11.48, Rs 9.84 & Rs 10.28 respectively

Laxmi Value Fund-1 (LVF1), a closed-end 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported Rs 0.49 per unit decrease in its Net Asset Value (NAV) in Bhadra 2074. Its NAV has decreased to Rs 11.48 in Bhadra end from Rs 11.97 in the month of Shrawan. The scheme, which began with a fund size of Rs 50 crore, has invested Rs 34.90 crore in the shares of listed companies and Rs 1.13 lakh in public issues. The scheme has invested in 4.64 lakh kitta shares of 40 listed companies as of Bhadra 2074 end. Out of its total investment in listed shares, Laxmi Value Fund-1 has bought 41,712 shares, the highest of Sanima Bank Limited (SANIMA). It has set aside Rs 9 crore in fixed deposit account while it has Rs 12.65 crore left as bank balance. It has reported net loss of Rs 1.55 crore in the month of Bhadra, 2074. 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 0.13 per unit decrease in its Net Asset Value (NAV) in Bhadra 2074. Its NAV has decreased to Rs 9.84 in Bhadra end from Rs 9.97 in the month of Shrawan. The scheme, which began with a fund size of Rs 1.25 arba, has invested Rs 51.65 crore in the shares of listed companies and Rs 2.82 lakh in public issues. The scheme has invested in 7.19 lakh kitta shares of 48 listed companies as of Bhadra 2074 end. Out of its total investment in listed shares, Laxmi Value Fund-1 has bought 41,225 shares, the highest of Machhapuchchhre Bank Limited (MBL). It has set aside Rs 25 crore in fixed deposit account while it has Rs 43.91 crore left as bank balance. It has reported net loss of Rs 1.78 crore in the month of Bhadra, 2074. Meanwhile, Global IME  Sammunati Scheme-1 (GIMES1), a closed-end 5 years mutual fund scheme managed by Global IME Capital Limited, has reported slight decrease in its net asset value (NAV). As per the financial report published today, the mutual fund scheme’s NAV shrunk to Rs. 10.28 in the Bhadra end from Rs. 10.64 in Shrawan end. The NAV of the fund is above the par value of Rs 10 per unit. The scheme, which was launched with a total fund of Rs 1 arba, has invested Rs 65.82 crore in the shares of listed companies and Rs 5.06 crore in non-listed shares as on Bhadra end. The scheme has invested in 14,95,990 kitta shares of 86 listed companies. The fund has reported net profit of Rs 8.11 crore in the month of Bhadra, down from net profit of Rs 11.68 crore in the month of Shrawan, 2074.