NAV of Nabil Balance Fund-1 inches up to Rs 25.87; Earns Rs 85.50 crore in Jestha end

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 inched up to Rs 25.87 at the end of Jestha, 2073 from Rs 22.83 as posted in Baisakh end. 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 1.45 arba in the 76 listed companies shares, Rs 11.44 crore in debentures, and Rs 14.34 crore in non-listed shares as of Jestha end . The fund reported a net profit of Rs 85.50 crore in the month of Jestha up from Rs 62.66 crore last month. Out of its total investment in listed shares, Nabil Balanced Fund-1 has bought 41, 070 unit shares, the highest shares of Siddhartha Bank Limited.