Nabil Balanced Fund-1 earns Rs 3.46 crore from loss of Rs 5.23 crore on Bhadra end; NAV increases slightly to Rs 29.38

Nabil Balanced Fund-1, a close-ended five years mutual fund scheme managed by Nabil Investment Banking Limited has reported slight gain in its Net Asset Value (NAV). According to the financial report published today, the mutual fund scheme’s NAV inclined to Rs 29.38 at the end of Bhadra, 2073 from Rs 28.22 posted in 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 Rs 75 crore, has invested Rs 1.50 arba in 68 listed companies’ shares, Rs 11.44 crore in debentures, and Rs 6.96 crore in non-listed shares as of Bhadra end. The fund reported a net profit of Rs 3.46 crore in the month of Bhadra from net loss of Rs 5.23 crore last month. Out of its total investment in listed shares, Nabil Balanced Fund-1 has bought 1, 30,000 unit shares, the highest shares of Hydroelectricity Investment & Development Company Limited (HIDCL).