NIBL Pragati Fund reports minimal decrease in NAV; Net loss stands at Rs 14.39 crore

NIBL Pragati Fund (NIBLPF), a 7 years closed-end mutual fund scheme managed by NIBL Capital, a wholly owned subsidiary of Nepal Investment Bank, has reported minimal fall in NAV to Rs 8.13 as on Chaitra end from Rs 8.15 in last month.

The scheme, which was launched with a total fund of Rs 75 crore, has invested Rs 52.48 crore in listed shares of 64 listed companies and Rs. 4.42 crore in public issues, rights shares and bonus shares and as of Chaitra end.

NIBLPF reported a net loss of Rs 14.39 crore for the month of Chaitra, from net loss of Rs. 14.24 crore in last month.

Out of its total investment in listed shares, NIBL Pragati Fund has bought 119,900 unit shares, the highest shares of Siddhartha Equity Oriented Scheme.

The last traded price (LTP) of NIBPF stood at Rs 8.80 as on Baisakh 16, 2075.

Also See:

• Mutual Funds and their latest NAVs
• See which companies were prioritized by mutual funds for investment in Chaitra 2074