Nabil Balanced Fund-1 able to increase NAV to Rs 15.68 by the end of Poush

ShareSansar, January 27:

Nabil Balanced Fund-1, a closed-end 5 years mutual fund scheme managed by Nabil Investment Banking Limited, has reported further growth of its net asset value (NAV) as it rose to Rs 15.68  in the month of Poush, up from Rs 15.08 posted in Mangsir.

The scheme, which began with a total fund of Rs 50 crore, invested Rs 70.29 crore in the listed shares, Rs 11.44 crore in bonds, and Rs 10.27 crore in unlisted securities, and Rs7.5 crore fixed deposit.

However, the scheme is undervalued in the market as it been hovering around Rs 13.41 per unit, which is below NAV.

The fund has invested to Rs 70.29 crore on listed share of total 56 listed companies.

Lack of awareness among the investors among the benefits of mutual funds is one of the major reasons behind the underestimation of such schemes, according to analysts.

Among the two mutual funds listed in the share market, Siddhartha Investment Growth Scheme 1 (SIG1) is also trading below par due to similar reasons.