Net loss of Global IME Samunnat Scheme-1 reported as Rs 8.34 crore; NAV stands at Rs 8.63

Global IME Samunnat Scheme-1 (GIMES1), a closed-end 7 years mutual fund scheme managed by Global IME Capital Limited, has reported slight decrease in its Net Asset Value (NAV).

As per the financial report published yesterday, the mutual fund scheme’s NAV decreases to Rs. 8.63 in Shrawan end from Rs 8.72 in Ashadh end. The NAV of the fund is below the par value of Rs 10 per unit.

The scheme, which was launched with a total fund of Rs 1 arba, has invested Rs. 75.87 crore in the shares of listed companies and Rs 5.60 crore in non-listed shares as on Shrawan end. Similarly, it has Rs 5 crore in fixed deposits and Rs 3.85 crore as bank balance.

The fund has reported net loss of Rs 8.34 crore in the month of Shrawan which is more than the net loss of Rs 7.54 crore in the month of Ashadh.

Out of its total investment in listed shares, Global IME Samunnat Fund has its highest investment in NMB Bank Limited (NMB) worth Rs 5.99 crore.

Also See: Mutual Funds and their latest NAVs