Nabil Balanced Fund-1 Reports Decrease in NAV to Rs 25.33 in Kartik End; Net Loss of Rs 4.37 Crore

Fri, Nov 25, 2016 11:55 AM on Latest, Mutual Fund, Mutual Fund, Featured, Stock Market,
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) as of Kartin end, 2073. According to the financial report published today, the mutual fund scheme’s NAV declined to Rs 25.33 at the end of Kartik, 2073 from Rs 26.33 posted in Ashwin, 2073. The NAV of the fund is above the par value of Rs 10 per unit. The fund reported a net loss of Rs 4.37 crore in the month of Kartik from net profit of Rs 3.09 crore last month. The scheme, which began with a total fund of Rs 75 crore, has invested Rs 1.20 arba in 67 listed companies’ shares, Rs 11.44 crore in debentures, and Rs 8.42 crore in non-listed shares as of Kartik end. Out of its total investment in listed shares, Nabil Balanced Fund-1 has bought the highest shares of Hydroelectricity Investment & Development Company Limited (HIDCL) with 107,920 units. The last traded price (LTP) of NBF-1 stood at Rs 20 as on November 24, 2016.