NAV of Mega Mutual Fund 1 Stands Below Par Value in the Month of Baisakh

The NAV report of "Mega Mutual Fund 1 (MMF1)" has been unveiled for the month Baisakh.

"Mega Mutual Fund 1" is a closed-end fund, meaning it can be traded in NEPSE. The fund has a maturity period of 10 years.

10 crore units were issued at a par value of Rs. 10 per unit. The issue was oversubscribed more than 2.37 times and was resized to 125% of its initial size, given the oversubscription.

Thus, the issue began with a fund size of Rs. 1.25 Arba, and has invested Rs. 83.58 crores in listed shares in Baisakh. Rs. 2.46 crores have been invested in non-listed shares and Rs. 12.5 crores in fixed deposits. The fund has Rs. 17.46 crores worth of bank deposits, and Rs. 2.59 crores of other assets.

The fund has reported a NAV of Rs. 9.43 in Baisakh, compared to the NAV of Rs. 9.47 in the month before that. It has reported a net loss of Rs. 6.89 crores. In the month before that, it was at a net loss of Rs. 6.61 lakhs.

NAV Report