Nabil Balanced Fund-1 posts net loss of Rs 25.74 crore; NAV dropped to Rs 22.48 in Mangsir end

Nabil Balanced Fund-1 (NBF-1), a close-ended five years mutual fund scheme managed by Nabil Investment Banking Limited has reported decrease in its Net Asset Value (NAV). According to the financial report published, the mutual fund scheme’s NAV declined to Rs 22.48 at the end of Mangsir, 2073 from Rs 25.33 posted in Kartik, 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 invested Rs 92.24 crore in 69 listed companies’ shares, Rs 11.44 crore in debentures, and Rs 8 crore in non-listed shares as of Mangsir end. The fund reported a net loss of Rs 25.74 crore in the month of Mangsir from net loss of Rs 4.37 crore last month. Out of its total investment in listed shares, Nabil Balanced Fund-1 has bought 87,920 unit shares, the highest shares of Hydroelectricity Investment & Development Company Limited (HIDCL). The last traded price (LTP) of NBF-1 stood at Rs 18.10 as on December 27, 2016.