Mutual Funds of Siddhartha Capital Report Fall in NAV in Magh

Siddhartha Equity Fund (SEF), a closed-end 10 years mutual fund, managed by Siddhartha Capital Limited has reported a rise in its net asset value (NAV) for the month of Magh.

According to the financial report published today, the mutual fund scheme’s NAV stands at Rs. 13.95 as of Magh end, 2078 which was Rs. 14.70 on the previous month.

The scheme which began with a total fund of Rs.1.50 Arba has invested Rs. 1.67 Arba in the listed shares and Rs. 15.50 crores in public issues, right shares, and bonus shares. The scheme has invested Rs. 6.29 crore in bond and debenture and Rs. 3 crores in FDs.

This scheme has Rs. 14.95 crores in the bank balance. SEF has posted a net loss of Rs. 5.88 crores till the month of Magh. Last month, the gain was Rs. 2.30 crores.

Announcement

Siddhartha Investment Growth Scheme 2 (SIGS2), a closed-end 10 years mutual fund, managed by Siddhartha Capital Limited has also reported a rise in its net asset value (NAV) for the month of Magh.

According to the financial report published today, the mutual fund scheme’s NAV stood at Rs. 14.26 as of Magh end, 2078. It was at Rs. 14.89 in the previous month.

The scheme which began with a total fund of Rs. 1.20 Arba has invested Rs. 1.38 Arba in the listed shares and Rs. 12.47 crores in public issues, right shares, and bonus shares. The scheme has invested Rs. 1.89 crores in bond and debenture and Rs. 6 crores in FDs. This scheme has Rs. 12.17 crores in the bank balance.

SIGS2 has also posted a net loss of Rs. 5.72 crores for the month of Magh. The gain was Rs. 1.72 crores in the month before that.

Announcement

Siddhartha Systematic Investment Scheme has also unveiled its NAV report. This is the fifth mutual fund scheme of Siddhartha Capital, two of which have matured already. The other two mutual funds, Siddhartha Equity Fund (SEF) and Siddhartha Investment Growth Scheme 2 (SIGS2) are close-ended funds and are currently trading in NEPSE.

Being an open-ended fund, SSIS allows investors to enter and exit from the scheme anytime after the New Fund Offer (NFO), which concluded on July 04 this year. The scheme does not have any limitation on the number of units that can be issued. The increase in units of the scheme is created when an investor invests his/her investments in the fund. However, this also means that the fund will not be traded in NEPSE.

The fund has reported a NAV of Rs. 10.12 in Magh. In the month before that, the NAV was Rs. 10.70.

The fund has invested Rs. 14.34 crores in listed shares and Rs. 62.95 lakhs in public issues. The fund has Rs. 3 crores in FDs and Rs. 21.43 lakhs in bond/ debentures. The fund has Rs. 2.53 crores in bank balance.

The fund saw a profit of Rs. 25.63 lakhs in the month of Magh. In the previous month, it was at a profit of Rs. 83.38 lakhs.

Announcement