NAV of Nabil Balance Fund-1 surges to Rs 18.65; Highest shares of Siddhartha Bank

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 18.65 at the end of Poush, 2072 from Rs 16.54 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 97.44 crore in the 73 listed companies’ shares, Rs 11.44 crore in debentures, and Rs 16.06 crore in non-listed shares. The fund reported a net profit of Rs 31.31 crore in the month of Poush up from Rs 15.49 crore last month.

Out of its total investment in listed shares, Nabil Balanced Fund-1 has bought 34,225 unit shares, the highest shares of Siddhartha Bank Limited.