Nabil Balance Fund-1& Siddhartha Equity Oriented Scheme NAV downturns to Rs 16.82 & 11.64 respectively

Nabil Balanced Fund-1 (NBF-1), a close-ended five years mutual fund scheme managed by Nabil Investment Banking Limited has posted a slight fall in its net asset value (NAV). The mutual fund scheme’s NAV slightly declined to Rs 16.82 at the end of Ashwin, 2072 from Rs 17.54 posted last month. The NAV of the fund is above the par value of Rs 10 per unit. According to the financial report published today, Nabil Balanced Fund – 1 has invested Rs 90.57 crore in the 66 listed companies’ shares, Rs 11.44 crore in debentures, and Rs 4.99 crore in non-listed shares. The fund reported a net profit of Rs 17.59 crore during the same period. Out of its total investment in listed sharesNabil Balanced Fund-1, has bought 33,335 unit shares, the highest shares of Nepal Doorsanchar Company Limited. Likewise, Siddhartha Equity Oriented Scheme ( SEOS )— a closed-end 5 years mutual fund scheme managed by Siddhartha Capital Limited—has reported slight decline in net asset value (NAV). The mutual fund scheme’s NAV decreased to Rs 11.64 at the end of Ashwin from Rs 12.09 posted last month. The NAV of the fund is above the par value of Rs 10 per unit. The scheme, which began with a total fund of Rs100 crore, has invested Rs 78.03 crore in listed shares in the 67 listed companies, Rs 5.79 crore in public issues, rights shares and bonus shares.The fund reported a net profit of Rs 16.40crore at the end of Ashwin. Out of its total investment in listed shares, Siddhartha Equity Oriented Scheme has bought 60,360 unit shares, the highest shares of Nepal Doorsanchar Company Limited.