Nabil Balanced Fund-1 & Nabil Equity Fund report NAV rise to Rs 24.87 & Rs 10.18 respectively on Chaitra end

Nabil Balanced Fund-1 (NBF1), a closed-end five years mutual fund scheme managed by Nabil Investment Banking Limited has reported a Rs 3.54 per unit growth in its Net Asset Value (NAV) on Chaitra, 2074. According to the financial report published today, the mutual fund scheme’s NAV has increased to Rs 24.87 at the end of Chaitra, 2074 from Rs 21.33 posted in Falgun, 2073. 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 investment of Rs 91.20 crore in 72 listed companies’ shares, Rs 11.44 crore in debentures, and Rs 13.68 crore in non-listed shares as of Chaitra end. The fund reported a net loss of Rs 7.79 crore in the month of Chaitra from net loss of Rs 34.37 crore last month. Out of its total investment in listed shares, Nabil Balanced Fund-1 has bought 65,060 unit shares, the highest shares of Hydroelectricity Investment & Development Company Limited (HIDCL). The last traded price (LTP) of NBF-1 stood at Rs 20.50 as on April 26, 2017. Likewise, Nabil Equity Fund (NEF), a closed-end seven years mutual fund scheme managed by Nabil Investment Banking Limited has also posted an increase in its Net Asset Value. According to the financial report published today, the mutual fund scheme’s NAV increased to Rs. 10.19 at the end of Chaitra, 2073 from Rs 9.74 posted in Falgun, 2073. The NAV of the fund is below the par value of Rs 10 per unit. The scheme, which began with a total fund of Rs 1.25 arba, has investment of Rs 26.90 crores in listed companies’ shares, Rs 12.50 crore in fixed deposits, and Rs 4.41 crores in shares of companies that have not been listed as of Chaitra end. The fund reported a net profit of Rs 2.33 crore in Chaitra from net loss of Rs 3.25 crore last month. Out of its total investment in listed shares, Nabil Equity Fund has bought the highest shares (21,892 units) of Prime Commercial Bank Limited (PCBL). The last traded price (LTP) of NEF stood at Rs 10.10 as on April 26, 2017.