Nabil Balanced Fund-1 reports decline in NAV to Rs 24.07; Nabil Equity Fund further slides down below par

Nabil Balanced Fund-1 (NBF1), a closed-end five years mutual fund scheme managed by Nabil Investment Banking Limited has reported a Rs 0.46 per unit drop in its Net Asset Value (NAV) in Jestha, 2074. According to the financial report published today, the mutual fund scheme’s NAV has declined to Rs 24.07 at the end of Jestha, 2074 from Rs 24.53 posted in Baisakh, 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 95.83 crore in 74 listed companies’ shares, Rs 11.44 crore in debentures, and Rs 8.30 crore in non-listed shares as of Jestha end. The fund reported a net loss of Rs 13.92 crore in the month of Jestha from net loss of Rs 10.37 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). Likewise, it has highest investment of Rs 7 crore in 30,576 shares of Standard Chartered Bank Nepal Limited (SCB). The last traded price (LTP) of NBF-1 stood at Rs 19.21 as on June 25, 2017. Likewise, Nabil Equity Fund (NEF), another closed-end seven years mutual fund scheme managed by Nabil Investment Banking Limited has also posted a decrease in its Net Asset Value. According to the financial report published today, the mutual fund scheme’s NAV decreased to below par value level to Rs 9.97 at the end of Jestha, 2074 from Rs 10.11 posted in Baisakh, 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 45.55 crores in listed companies’ shares, Rs 12.50 crore in fixed deposits, and Rs 24.75 crores in shares of companies that have not been listed as of Jestha end. The fund reported a net loss of Rs 37.66 lakh in Jestha from net profit of Rs 1.37 crore last month. Out of its total investment in listed shares, Nabil Equity Fund has bought the highest shares (24,930 units) of Nepal Doorsanchar Company Limited (NTC). It has highest investment of Rs 3.74 crore in 21,544 shares of Everest Bank Limited (EBL). The last traded price (LTP) of NEF stood at Rs 9.80 as on June 25, 2017.