NAV of Siddhartha Investment Growth Scheme-1 drops to Rs 19.67; highest shares of Mega Bank

Siddhartha Investment Growth Scheme-1 (SIGS1) a closed-end 5 years mutual fund scheme managed by Siddhartha Capital Limited has reported decline in net asset value (NAV). According to the financial report published today, the mutual fund scheme’s NAV decreased to Rs 19.67 at the end of Ashwin from Rs 20.79 in Bhadra 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 50 crore, has invested Rs 89.42 crore in listed shares, Rs 3.91crore in public issues, rights shares and bonus shares. The scheme has invested 1,181,271 kittas of 62 listed companies. SIGS-1 reported a net profit of Rs 17.38 crore for the month of Ashwin. Out of its total investment in listed shares, Siddhartha Investment Growth Scheme-1 has bought 56,138 unit shares, the highest shares of Mega Bank Nepal Limited.