Mutual Funds of Global IME Capital Report Rise in Losses and Fall in NAV in Ashwin
Tue, Nov 1, 2022 11:04 AM on Latest, Mutual Fund,
The NAV report of "Global IME Balanced Fund – 1 (GIBF1)" has been unveiled for the month of Ashwin.
The "Global IME Balanced Fund – 1" is a closed-end fund, meaning it can be traded in NEPSE. The fund has a maturity period of 10 years. Global IME Balanced Fund – 1 has a fund size of Rs. 1.02 Arba.
The NAV stands at Rs. 9.73 in Ashwin which was Rs. 9.80 in previous month. The fund has invested Rs. 26.99 crores in listed shares, Rs. 58.59 lakhs in non-listed shares, and Rs. 12.50 crores in fixed deposits. The fund still has Rs. 59.74 crores in the bank and other assets worth Rs. 433,141.
The fund is at net loss of Rs. 2.73 crores in Ashwin. In the month before that, the fund saw a net loss of Rs. 2.04 crores.
Similarly, Global IME Samunnat Scheme-1 (GIMES1), a closed-ended 7 years mutual fund scheme managed by Global IME Capital Limited, has reported a fall in its Net Asset Value (NAV) till the end of Ashwin.
As per the financial report published, the mutual fund scheme’s NAV has fallen to Rs. 9.02 by the end of Ashwin from Rs. 9.30 in the month before that.
The scheme, which was launched with a total fund of Rs. 1 Arba, has invested Rs. 70.84 crores in the shares of listed companies. It has invested Rs. 2.16 crores in non-listed shares as of Ashwin's end. Similarly, it has invested Rs. 7.05 crores in debentures.
The fund has reported a net loss of Rs. 39.92 crores till the month of Ashwin. In the month before that, the fund saw a net loss of Rs. 37.04 crores.
