NIBL Pragati Fund and NIBL Samriddhi Fund both reports slight decline in NAV; Pragati Fund has no investment in debenture/FD till Magh while Samriddhi Fund has Rs. 5 crore and Rs. 9.50 crore respectively
Sun, Feb 24, 2019 7:01 AM on Latest, Mutual Fund,
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 slight decline in NAV to Rs 7.44 as on Magh end from Rs 7.67 in last month.
The scheme which was started with a total fund of Rs 75 crore, has invested Rs 53.07 crore in listed shares, Rs 24.25 lakh in public issues, right shares and bonus shares and has no investment in debentures and fixed deposits.
The scheme has a bank balance of Rs 2.55 crore and invested Rs 22.54 crore in banking sectors.
NIBLPF reported a net loss of Rs 2.76 crore till the month of Magh, from a net loss of Rs 1.05 crore till the month of Poush.
NIBL Samriddhi Fund-1 (NIBSF1) a 7-year closed-end mutual fund scheme, also managed by NIBL Ace Capital Limited, has reported a slight decrease in Net Asset Value (NAV) in Magh, 2075.
According to the financial report published today, the mutual fund scheme’s NAV stands at Rs. 9.97 per unit on Magh, 2075, as compared to Rs. 10.10 in Poush, 2075.
The scheme which was started with a total fund of Rs 1 arba, has invested Rs. 70.75 crore in listed shares, Rs. 31.52 lakh in public issues, right shares and bonus shares and Rs 5 crore in debentures.
NIBSF1 reported a net loss of Rs. 1.85 crore till the month of Magh, from a net profit of Rs 15.85 lakh in the previous month, 2075.
