Nabil Balanced Fund-1 & Nabil Equity Fund reports NAV rise of Rs 24.44 & Rs 9.99 respectively in Shrawan end

Nabil Balanced Fund-1 (NBF1), a closed-end five years mutual fund scheme managed by Nabil Investment Banking Limited has reported Rs 0.49 per unit rise in its Net Asset Value (NAV) in Shrawan, 2074. According to the financial report published today, the mutual fund scheme’s NAV has increased to Rs 24.44 at the end of Shrawan, 2074 from Rs 23.95 posted in Asadh, 2074. 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 1.02 arba in 75 listed companies’ shares, Rs 11.44 crore in debentures, and Rs 6.43 crore in non-listed shares as of Shrawan end. The fund reported a net profit of Rs 3.68 crore in the month of Shrawan from net loss of Rs 14.75 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 23.67 as on August 24, 2017. Recently, Nabil Balance Fund-1 has proposed 42 percent cash dividend to its unit holders.The book closure date for the dividend has been set on Sunday (Bhadra 11, 2074). Thus those unit holders buying shares till yesterday are eligible for cash dividends. Likewise, Nabil Equity Fund (NEF), another closed-end seven years mutual fund scheme managed by Nabil Investment Banking Limited has also posted a increase in its Net Asset Value. According to the financial report published today, the mutual fund scheme’s NAV slightly increased to Rs 9.99 at the end of Shrawan, 2074 from Rs 9.97 posted in Asadh, 2074. 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 6.72 lakh in listed companies’ shares, Rs 12.50 crore in fixed deposits, and Rs 2.76 crores in shares of companies that have not been listed as of Shrawan end. The fund reported a net profit of Rs 21.91 lakh in Shrawan from net loss of Rs 39.88 lakh last month. Out of its total investment in listed shares, Nabil Equity Fund has bought the highest shares (45,300 units) of Nepal Doorsanchar Company Limited (NTC). The last traded price (LTP) of NEF stood at Rs 10.2 as on August 24, 2017.