Laxmi Value Fund-1 (LVF1), a closed-end 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported decrease in NAV to Rs 11.61 for the month of Jestha while it was Rs 11.79 for the previous month.
The scheme, which began with a fund size of Rs 50 crore, has invested Rs 26.02 crore in the shares of 30 listed companies and has Rs 58.37 lakhs investment in IPO shares.
Out of its total investment in listed shares, Laxmi Value Fund-1 has bought highest 45,157 units Promoter shares of the Nabil Bank Limited worth Rs 3.61 crore.
This mutual fund has Rs 5 crore as fixed deposit and Rs 26.58 crore as bank balance. It has reported net loss of Rs 6.27 crore till Jestha which was Rs 5.36 crore till the end of Baisakh month.
Similarly, Laxmi Equity Fund (LEMF), a closed-end 7 years equity oriented mutual fund scheme also managed by Laxmi Capital Market Limited, has reported fall in NAV to Rs 9.20 in the month of Jestha which has decreased from Rs 9.48 in the previous month.
The scheme, which began with a fund size of Rs 1.25 arba has invested Rs 76.57 crore in listed shares of 76 different companies.
The scheme has invested in 18.79 lakh unit shares of 76 listed companies as of Jestha end. LEMF has invested Rs 1.45 crore in initial public offerings and Rs 2 crore in bond/debentures. This mutual fund has Rs 7 crore as fixed deposit and Rs 29.80 crore as bank balance.
Out of its total investment in listed shares, Laxmi Equity Fund has made major investment in Nepal Telecom, Premier Insurance, Life Insurance Corporation and Nepal Life Insurance Company.
It has reported net loss of Rs 14.94 crore till Jestha which was Rs 11.44 crore net loss in the previous month.