NAV of NIBL Sambriddhi Fund-1 rises to Rs 11.47; highest shares of ADBL

NIBL Samriddhi Fund-1 (NIBSF-1), a 7 years close-ended mutual fund scheme managed by NIBL Capital Market Limited, has reported slight improvement in net asset value (NAV). According to the financial report published today, the mutual fund scheme’s NAV rose to Rs 11.47 in the Bhadra end from Rs 11.09 in Shrawan end. The NAV of the fund is above the par value of Rs 10 per unit. The scheme, which was launched with a total fund of Rs 100 crore, has invested Rs 71.79 crore in listed shares, Rs 3.30 crore on bonds and debentures, Rs 1.48 crore in public issues, rights shares and bonus shares and as of Bhadra end. NIBSF-1 reported a net profit of Rs 14.92 crore for the month of Bhadra up from Rs 11.12 crore in last month. Out of its total investment in listed shares, NIBL Sambriddhi Fund1 has bought 44,790unit shares, the highest shares of Agriculture Development Bank Limited (ADBL).