NAV report as of Asadh end for all three ongoing schemes of NIBL Ace Capital published today; all schemes report decline in NAV

NIBL Samriddhi Fund-1 (NIBSF1), a 7-year closed-end mutual fund scheme managed by NIBL Ace Capital Limited, has reported a decrease in Net Asset Value (NAV) on Asadh end.

According to the financial report published today, the mutual fund scheme’s NAV stands at Rs 10.69 on Asadh end as compared to Rs 10.75 in previous month.

The scheme which was started with a total fund of Rs 1 arba, has invested Rs 74.75 crore in listed shares, Rs 41.47 Lakhs in public issues, right shares and bonus shares and Rs 5 crore in debentures.

NIBSF1 reported a net profit of Rs 6.03 crore till the month of Asadh.

The scheme has Rs 10 crore in fixed deposits and has Rs 18.76 crore in bank balance.

NIBL Pragati Fund (NIBLPF), a 7 years closed-end mutual fund scheme managed by NIBL Ace Capital Limited, a wholly owned subsidiary of Nepal Investment Bank, has reported decline in NAV to Rs 8.28 as on Asadh end from Rs 8.34 in last month.

The scheme, which was launched with a total fund of Rs 75 crore, has invested Rs 56.62 crore in listed shares of listed companies and Rs 1.17 crore in public issues, rights shares and bonus shares.

NIBLPF reported a net profit of Rs 3.54 crore till the month of Asadh, from Rs 3.98 crore in the last month.

This scheme has no fund in fixed deposits and debenture and has Rs 5.30 crore in bank balance.

NIBL Sahabhagita Fund is NIBL Ace Capital Fund Scheme, and is first open ended fund. This fund is not tradable at Nepal Stock Exchange like other close ended fund and it has no fixed maturity period. This fund will be issuing a maximum 5 crore units worth Rs 50 crore at face value of Rs 10 per unit. Initially at first stage, the fund has issued only 1.25 crore units worth Rs 12.5 crore to general public.

According to the financial report published today, the mutual fund scheme’s NAV stands at Rs 9.96 on Asadh end.

The scheme has invested Rs 1.78 crore in listed shares, Rs 3.97 Lakhs in public issues, right shares and bonus shares and Rs 50 lakhs in fixed deposit.

The scheme reported a net loss of Rs 8.65 lakhs till the month of Asadh.

The scheme has not invested in debentures and has Rs 17.92 crore in bank balance.