NAV of Nabil Balance Fund-1 inches up to Rs 18.65; profit rises by 17.97%

Nabil Balanced Fund-1, a close-ended five years mutual fund scheme managed by Nabil Investment Banking Limited has posted growth in its net asset value (NAV). According to the financial report published today, the mutual fund scheme’s NAV inches up to Rs 20.70 at the end of Falgun, 2072 from Rs 19.75 posted last month. The NAV of the fund is above the par value of Rs 10 per unit. The scheme, which began with a total fund of Rs 75 crore, has invested Rs 1.06 arba  in the 76 listed companies’ shares, Rs 11.44 crore in debentures, and Rs 19.55 crore in non-listed shares as of Falgun end . The fund reported a net profit of Rs 46.70 crore in the month of Falgun up from Rs 39.58 crore last month. Its profit increases by 17.97 percent. Out of its total investment in listed shares, Nabil Balanced Fund-1 has bought 36,688 unit shares, the highest shares of Machapuchchhre Bank Limited.