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 Jestha end.
According to the financial report published today, the mutual fund scheme’s NAV stands at Rs 10.74 on Jestha end as compared to Rs 11 in previous month.
The scheme which was started with a total fund of Rs 1 arba, has invested Rs 74.44 crore in listed shares, Rs 40.49 Lakhs in public issues, right shares and bonus shares and Rs 5 crore in debentures.
NIBSF1 reported a net profit of Rs 6.57 crore till the month of Jestha.
The scheme has Rs 10 crore in fixed deposits and has Rs 18.77 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 8.34 as on Jestha end from Rs 8.62 in last month.
The scheme, which was launched with a total fund of Rs 75 crore, has invested Rs 57.20 crore in listed shares of listed companies and Rs 1.21 crore in public issues, rights shares and bonus shares.
NIBLPF reported a net profit of Rs 3.98 crore till the month of Jestha, from Rs 6.10 crore in the last month.
This scheme has no fund in fixed deposits and debenture and has Rs 4.75 crore in bank balance.