NAV of Global IME Samunnat Scheme-1 falls to Rs.8.07 by the end of Ashwin; net loss increases to Rs.25.93 Crore

Global IME Samunnat Scheme-1 (GIMES1), a closed-ended 7 years mutual fund scheme managed by Global IME Capital Limited, has reported a decrease in its Net Asset Value (NAV) till the end of Ashwin.

As per the financial report published today, the mutual fund scheme’s NAV has decreased to Rs.8.07 till the end of Ashwin from Rs.8.14 in the last month end.

The NAV of the fund is below the par value of Rs.10 per unit indicating the fund is in loss.

The scheme, which was launched with a total fund of Rs.1 Arba, has invested Rs.74.34 Crore in the shares of listed companies and Rs.3.62 Crore in non-listed shares as on Ashwin end. Similarly, it has invested Rs.1.50 Crore in debentures.

The fund has reported net loss of Rs.25.93 Crore till the month of Ashwin which is higher than the net loss of Rs.25.24 Crore till the month of Bhadra.

Out of its total investment in listed shares, Global IME Samunnat Fund has its highest investment in 87,479 unit shares of Nabil Bank Limited (NABIL) worth Rs.6.64 Crore.