Nabil Balanced Fund & Nabil Equity Fund reports net loss of Rs 6.67 crore & Rs 4.50 crore respectively in Mangsir end

Nabil Balanced Fund-1 (NBF1), a closed-end five years mutual fund scheme managed by Nabil Investment Banking Limited has reported Rs 0.16 per unit increase in its Net Asset Value (NAV) in Mangsir, 2074. According to the financial report published today, the mutual fund scheme’s NAV has increased to Rs 18.86 at the end of Mangsir, 2074 from Rs 18.70 posted in Kartik, 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 81.35 crore in 66 listed companies’ shares, Rs 11.44 crore in debentures, and Rs 5.03 crore in non-listed shares as of Mangsir end. The fund reported a net loss of Rs 6.67 crore in the month of Mangsir from Rs 7.86 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). Likewise, Nabil Equity Fund (NEF), another closed-end seven years mutual fund scheme managed by Nabil Investment Banking Limited has also posted increase in its Net Asset Value. According to the financial report published today, the mutual fund scheme’s NAV slightly increased to Rs 9.61 at the end of Mangsir, 2074 from Rs 9.54 posted in Kartik, 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 66.45 crore in 49 listed companies’ shares, Rs 12.50 crore in fixed deposits, and Rs 4.17 crores in shares of companies that have not been listed as of Kartik end. The fund reported a net loss of Rs 4.50 crore in Mangsir from net loss of Rs 5.40 crore last month. Out of its total investment in listed shares, Nabil Equity Fund has bought the highest shares (39,800 units) of Nepal Doorsanchar Company Limited (NTC).