Nabil Equity Fund publishes first monthly report, Investment in 5 insurance companies worth Rs. 4.71 crore

Nabil Equity Fund, a close-ended seven years mutual fund scheme managed by Nabil Investment Banking Limited has published its first monthly financial highlights. According to the financial report published today, the mutual fund scheme’s NAV stands at Rs. 9.89 at the end of Kartik, 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 invested Rs 4.71 crores in 5 listed companies’ shares, Rs 7 crore in fixed deposits, and Rs 5.02 Lakhs in non-listed shares as of Kartik end. The fund reported a net loss of Rs 1.35 crore as of Kartik end. Out of its total investment in listed shares, Nabil Equity Fund has bought 3,000 unit shares of National Life Insurance, 2998 shares of Nepal Life Insurance, 2995 shares of NLG Insurance, 2988 shares of Shikhar Insurance, and 2991 shares of Siddhartha Insurance. Nabil Equity Fund had floated its public issue of 10 crore unit worth Rs 1 arba from Ashwin 2, 2073 till Ashwin 6, 2073. Investors who applied for up to Rs. 50 thousand or 5000 units (small investors) were allotted 48.28 percent of the shares applied whereas investors who applied for more than Rs. 50 thousand (big investors) got 11.27 percent of the applied shares on pro-rata basis.