NAV and net profit rise for Citizens Mutual Fund-1 (CMF1) and Citizens Mutual Fund-2 (CMF2)

Thu, Oct 1, 2020 10:43 AM on Latest, Mutual Fund,

Citizens Mutual Fund-1 (CMF1) a 7-year closed-end mutual fund scheme has published its monthly report for the month of Bhadra, 2077.

As per the report, a mutual fund has reported an increase in Net Assets Value (NAV) to Rs 12.25 from Rs 11.88. The scheme, which began with a fund size of Rs 82 crore has invested Rs 54.66 crore in the shares of listed companies and Rs 7.01 lakh in non-listed shares.

This scheme has invested Rs 12.3 crore in fixed return assets and has Rs 31.47 crore in the bank balance.

The mutual fund is the first mutual fund of CBIL Capital. The scheme is managed by CBIL Capital with Citizens Bank International as the fund sponsor.

It has reported a net profit of Rs 4.66 crores till Bhadra which was a net profit of Rs 1.62 crore last month.

Report

Citizens Mutual Fund-2 (CMF2) is CBIL Capital Limited's second mutual fund scheme and is a 7-years closed-end fund. The recently launched scheme has published its NAV report for the month of Bhadra, 2077.

As per the report, the mutual fund has reported an increase in its Net Assets Value (NAV) to Rs 11.86 till Bhadra end from Rs 11.38 last month. The scheme, which began with a fund size of Rs 1 Arba has invested Rs 39.72 crore in the shares of listed companies and Rs 7.01 lakhs in non-listed companies.

This scheme has invested Rs 8.4 crore in fixed return assets and has Rs 17.04 crore in the bank balance.

The scheme is managed by CBIL Capital with Citizens Bank International as the fund sponsor.

It has reported a net profit of Rs 4.05 crore till Bhadra end which was a net profit of Rs 1.34 crore last month.

Report