Nabil Equity Fund and Nabil Balance Fund 1 report increase in NAV to Rs 9.83 and Rs 22.58 respectively

Nabil Equity Fund (NEF), a close-ended seven years mutual fund scheme managed by Nabil Investment Banking Limited has posted a meager increase in its Net Asset Value. According to the financial report published today, the mutual fund scheme’s NAV increased to Rs. 9.83 at the end of Poush, 2073 from Rs 9.81 posted in Mangsir, 2073. 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 14.96 crores in listed companies’ shares, Rs 12.50 crore in fixed deposits, and Rs 2.57 crores in shares of companies that have not been listed as of Poush end. The fund reported a net loss of Rs 2.09 crore in Poush. Out of its total investment in listed shares, Nabil Equity Fund has bought 13,180 unit shares of Nepal Doorsanchar Co. Limited whereas it has invested the highest amount Rs 1.53 crores in the shares of Everest Bank Limited. 12.50 crore units of NEF was recently listed in NEPSE for trading. Likewise, Nabil Balanced Fund-1 (NBF-1), a close-ended five years mutual fund scheme managed by Nabil Investment Banking Limited has also reported a slight increase in its Net Asset Value (NAV). According to the financial report published, the mutual fund scheme’s NAV increased to Rs 22.58 at the end of Poush, 2073 from Rs 22.48 posted in Mangsir, 2073. 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 80.05 crore in 71 listed companies’ shares, Rs 11.44 crore in debentures, and Rs 18 crore in non-listed shares as of Poush end. The fund reported a net loss of Rs 24.99 crore in the month of Poush from net loss of Rs 25.74 crore last month. Out of its total investment in listed shares, Nabil Balanced Fund-1 has bought 85,060 unit shares, the highest shares of Hydroelectricity Investment & Development Company Limited (HIDCL). It has the highest investment of Rs 4.38 crore in the shares of Standard Chartered Bank Limited (SCB). The last traded price (LTP) of NBF-1 stood at Rs 17.65 as on January 25, 2017.