NIBL Ace Capital Unveils NAV Report of Its Funds; NIBL Samriddhi Fund - II in Loss in Second Month of Operation

NIBL Ace Capital Limited has published the Net Asset Value (NAV) till Ashar, 2078 of all four of its funds.

NIBL Samriddhi Fund-1 (NIBSF1)

NIBL Samriddhi Fund-1 (NIBSF1), a 7-year closed-end mutual fund scheme managed by NIBL Ace Capital Limited has reported a fall in its net asset value (NAV) for the month of Ashar.

According to the financial report published today, the mutual fund scheme’s NAV stands at Rs. 16 as of Ashar end, 2077 which was Rs. 16.17 in the previous month.

The scheme which began with a total fund of Rs.1 Arba has invested Rs. 63.37 crores in the listed shares and Rs. 10.23 crores in public issues, right shares, and bonus shares. The scheme has Rs. 45.25 crores in fixed deposits and has invested Rs. 10.45 crores in bonds and debentures.

This scheme has Rs. 29.59 crores in the bank balance.

NIBSF1 has posted a net profit of Rs. 55.91 crores in the month of Ashar. Its profit for the previous month was Rs. 57.68 crores.

Report

NIBL Pragati Fund (NIBLPF)

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 a fall in its net asset value (NAV) for the month of Ashar.

According to the financial report published today, the mutual fund scheme’s NAV stands at Rs. 18.22 as of Ashar end, 2077 which was Rs. 18.88 in the previous month.

The scheme which began with a total fund of Rs.75 crores has invested Rs. 98.09 crores in the listed shares and Rs. 13.66 crores in public issues, right shares, and bonus shares. This scheme has Rs. 22.33 crores in the bank balance.

NIBLPF has posted a net profit of Rs. 62.69 crores in the month of Ashar. Its profit was Rs. 67.6 crores last month.

Report

NIBL Sahabhagita Fund

NIBL Sahabhagita Fund is NIBL Ace Capital's fund scheme and is the first open-ended fund. This fund is not tradable at Nepal Stock Exchange like other closed-ended funds and it has no fixed maturity period.

According to the financial report published today, the fund scheme’s NAV stands at Rs. 17.45 as of Ashar end, 2077 which was Rs. 17.74 in the previous month.

The scheme has invested Rs. 19 crores in the listed shares and Rs. 5.07 crores in public issues, right shares, and bonus shares. It has 8.15 crores in fixed deposits and has invested 3.69 crores in bonds and debentures.

This scheme has Rs. 14.74 crores in the bank balance. NIBL Sahabhagita Fund has posted a net profit of Rs. 18.75 crores in the month of Ashar. The profit was Rs. 19.65 crores last month.

Report

NIBL Samriddhi Fund - II

NIBL Samriddhi Fund - II has also unveiled its first-ever NAV report after being listed in NEPSE. 15,00,00,000 units of "NIBL Samriddhi Fund - II" were recently listed in NEPSE.

The fund manager has already allotted the units to applicants. NIBL Ace Capital Limited had opened the IPO issue of "NIBL Samriddhi Fund - II" from 13th Baisakh. The issue closed on 16th Baisakh, 2078.

NIBL Samriddhi Fund - II is a mutual fund scheme initially worth Rs 1.2 Arba. Considering that each unit of a mutual fund has a face value of Rs. 10, twelve crore units were issued. NIBL Samriddhi Fund - II is a closed-end mutual fund scheme with a maturity period of 10 years. Out of the total 12 crore units, 10 lakh units were reserved for the issue manager NIBL Ace Capital. Similarly, 2.3 crore units were reserved for the fund promoter Nepal Investment Bank. The remaining 9.6 crore units were then issued for the public.

Since the issue was oversubscribed, the fund has now been resized to be worth Rs. 1.5 Arba.

The NAV for the month of Ashar stands at Rs. 10, compared to Jestha's NAV of Rs. 10.04. Rs. 50.57 crores of the fund are invested in listed shares and Rs. 6.09 crores in bonds and debentures. Rs. 22 crores of the fund are in fixed deposits and Rs. 54.36 crores in bank deposits. The fund has invested Rs. 15.33 crores in public issue and has Rs. 2.29 crores worth of other assets.

The fund is at a net loss of Rs. 7.24 lakh in its second month of operation.

Report