Mutual Funds of Siddhartha Capital Unveil Shrawan's NAV Report With Decline in Profit
Sun, Aug 29, 2021 3:01 PM on Latest, Mutual Fund,
Siddhartha Equity Fund (SEF), a closed-end 10 years mutual fund, managed by Siddhartha Capital Limited has reported a fall in its net asset value (NAV) for the month of Shrawan. However, note that this is a result of the 30% dividend adjustment distributed in the fiscal year 2077/78.
According to the financial report published today, the mutual fund scheme’s NAV stands at Rs. 15.43 as of Shrawan end, 2077 which was Rs. 17.39 on the previous month.
The scheme which began with a total fund of Rs.1.50 Arba has invested Rs. 2.02 Arba in the listed shares and Rs. 1.78 crores in public issues, right shares, and bonus shares. The scheme has invested Rs. 6.29 crore in bond and debenture.
This scheme has Rs. 65.53 crores in the bank balance. SEF has posted a net profit of Rs. 25.2 crores till the month of Shrawan. Last month, the profit was Rs. 1.05 Arba.
Siddhartha Investment Growth Scheme 2 (SIGS2), a closed-end 10 years mutual fund, managed by Siddhartha Capital Limited has also reported a fall in its net asset value (NAV) for the month of Shrawan. However, note that this is a result of the 30% dividend adjustment distributed in the fiscal year 2077/78.
According to the financial report published today, the mutual fund scheme’s NAV stood at Rs. 15.82 as of Shrawan end, 2077. It was at Rs. 17.74 in the previous month.
The scheme which began with a total fund of Rs.1.20 Arba has invested Rs. 1.59 Arba in the listed shares and Rs. 1.24 crores in public issues, right shares, and bonus shares. The scheme has invested Rs. 1.89 crores in bond and debenture. This scheme has Rs. 62.73 crores in the bank balance.
SIGS2 has posted a net profit of Rs. 22.46 crores for the month of Shrawan. The profit was Rs. 85.96 crores last month.
Siddhartha Systematic Investment Scheme has also unveiled its first-ever 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 invested Rs. 24.85 lakhs in listed shares and Rs. 32,296.05 in public issues. The fund still has Rs. 19.54 crores in bank balance and has other assets totaling 4,50,758.64.
The fund is at a loss of Rs. 18.10 lakhs in its first month of operation.
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