Nabil Balanced Fund & Nabil Equity Fund reports net loss of Rs 14.59 crore & Rs 16.29 crore in Falgun end; NAV slides to Rs 17.80 & Rs 8.66 respectively

 Nabil Balanced Fund-1 (NBF1), a closed-end five years mutual fund scheme managed by Nabil Investment Banking Limited has reported Rs 0.23 per unit decrease in its Net Asset Value (NAV) in Falgun, 2074. According to the financial report published today, the mutual fund scheme’s NAV has decreased to Rs 17.80 at the end of Falgun, 2074 from Rs 18.03 posted in Magh, 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 31.59 crore in 53 listed companies’ shares, Rs 11.44 crore in listed debentures, and Rs 9.69 crore in non-listed shares as of Falgun end. It has kept Rs 7.50 crore in fixed deposits. The fund reported a net loss of Rs 14.59 crore in the month of Falgun from Rs 12.88 crore in the 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). 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 0.42 per unit. According to the financial report published today, the mutual fund scheme’s NAV decreased to Rs 8.66 at the end of Falgun, 2074 from Rs 9.08 posted in Magh, 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 58.66 crore in 51 listed companies’ shares, Rs 12.50 crore in fixed deposits, and Rs 6.38 crore in shares of companies that have not been listed as of Falgun end. It has invested Rs 5 crore in unlisted debentures as well. The fund reported a net loss of Rs 16.29 crore in Falgun from net loss of Rs 11.12 crore in the 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) worth Rs 1.24 crore. Report