Nabil Equity Fund's NAV drops to Rs 8.61 per share; Fund reports net loss of Rs 56.14 lakh for Magh
Tue, Feb 26, 2019 12:19 PM on Latest, Mutual Fund, Stock Market,
Nabil Equity Fund (NEF), a closed-end seven years mutual fund scheme managed by Nabil Investment Banking Limited has posted a slight decrease in its Net Asset Value by Rs. 0.16 per unit.
According to the financial report published today, the mutual fund scheme’s NAV decreased to Rs 8.61 at the end of Magh, 2075 from Rs 8.77 posted in previous month.
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 63.75 crore in 61 listed companies’ shares and Rs 12.5 crore in bank deposits as of Poush end.
The fund reported a net loss of Rs 56.14 lakh in Magh from net profit of Rs 1.44 crore in the last month.
