Nabil Balanced Fund & Nabil Equity Fund reports net loss of Rs 12.88 crore & Rs 11.12 crore in Magh end; NAV slides to Rs 18.03 & Rs 9.08 respectively
Thu, Feb 22, 2018 6:56 AM on Latest, Mutual Fund, Financial Analysis, Featured, Stock Market,
Nabil Balanced Fund-1 (NBF1), a closed-end five years mutual fund scheme managed by Nabil Investment Banking Limited has reported Rs 0.33 per unit decrease in its Net Asset Value (NAV) in Magh, 2074.
According to the financial report published today, the mutual fund scheme’s NAV has decreased to Rs 18.03 at the end of Magh, 2074 from Rs 18.36 posted in Poush, 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 46.01 crore in 61 listed companies’ shares, Rs 11.44 crore in listed debentures, and Rs 8.35 crore in non-listed shares as of Magh end. It has kept Rs 7.50 crore in fixed deposits.
The fund reported a net loss of Rs 12.88 crore in the month of Magh from Rs 10.42 crore last month.
Out of its total investment in listed shares, Nabil Balanced Fund-1 has bought 56,337 unit shares, the highest shares of Nepal Bangladesh Bank Limited (NBB).
NBF1 Report
Likewise, Nabil Equity Fund (NEF), another closed-end seven years mutual fund scheme managed by Nabil Investment Banking Limited has also posted decrease in its Net Asset Value by Rs 0.30 per unit.
According to the financial report published today, the mutual fund scheme’s NAV decreased to Rs 9.08 at the end of Magh, 2074 from Rs 9.38 posted in Poush, 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 59.65 crore in 49 listed companies’ shares, Rs 12.50 crore in fixed deposits, and Rs 6.34 crore in shares of companies that have not been listed as of Magh end. It has invested Rs 5 crore in unlisted debentures as well.
The fund reported a net loss of Rs 11.12 crore in Magh from net loss of Rs 7.41 crore last month. Out of its total investment in listed shares, Nabil Equity Fund has bought the highest shares (34,953 units) of Sanima Bank Limited (SANIMA).
NEF Report:
