NAV of Citizen Mutual Fund-1 stands at Rs 10.20 in Mangsir; Loss of Rs 11.41 lakh reported for the month

Citizen Mutual Fund-1 (CMF1), a 7 years closed-end mutual fund has published its monthly report for the month of Mangsir, 2075.

The mutual fund has reported meager decrease in Net Assets Value (NAV) of Rs 10.20 from Rs 10.39. The scheme, which began with a fund size of Rs 82 crore has invested Rs 47.42 crore in the shares of listed companies and Rs 7.94 crore in non-listed shares.

Out of its total investment in listed shares, Citizen Mutual Fund-1 has invested the highest in 2,91,850 units shares of Nepal Bank Limited worth Rs 8.81 crore.

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 net loss of Rs 11.41 lakh which was profit of Rs 1.43 crore in the last month.

Also see: Mutual Funds and their latest NAVs