NAV of Siddhartha Investment Growth Scheme-1 inches up; undervalued in market
Fri, Oct 31, 2014 12:00 AM on Mutual Fund, Others,
ShareSansar, October 31:
The net asset value (NAV) of Siddhartha Investment Growth Scheme-1 (SIGS1)— a closed-end 5 years mutual fund scheme managed by Siddhartha Capital Limited—has inched up to Rs 17.38 in the Ashoj-end from Rs 17.34 in Bhadra end.
The scheme, which began with a total fund of Rs 50 crore, invested Rs 84.35 crore in the listed shares, Rs 2.57 crore in public issues, rights shares and bonus shares and Rs 15,600 on other securities as of Ashoj-end.
The scheme made investment in 1,238,440 units of shares of 55 listed companies.
The scheme, which has already offered impressive 15 percent cash dividend to its unit holders for the last fiscal year 2070/71, recorded negative earning of Rs 10.45 crore in Ashoj, down from Rs 10.81 crore negative earning it reported in Bhadra.
The last trade price of SIGS1 at Nepal Stock Exchange Limited is Rs 17 on Thursday, which is below its NAV.
