NIBL Pragati Fund reports net loss of Rs 80.13 lakhs whereas NIBL Sambriddhi Fund net profit of Rs 4.04 lakhs

NIBL Samriddhi Fund-1 (NIBSF1), a 7 year close-end mutual fund scheme managed by NIBL Ace Capital Limited, has reported slight decrease in Net Asset Value (NAV) in Kartik, 2075 end.

According to the financial report published today, the mutual fund scheme’s NAV stands at Rs 10.10 per unit on Kartik, 2075, as compared to Rs 10.25 in Aswin, 2075.

The scheme which was with a total fund of Rs 1 arba, has invested Rs 78.34 crore in listed shares, Rs 82.92 lakh in public issues, right shares and bonus shares and Rs 5 crore in debentures.

NIBSF1 reported a net profit of Rs 4.04 lakhs for the month of Kartik, from net profit of Rs 1.61 crore for the month of Aswin.

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 7.70 as on Kartik end from Rs 7.81 in last month.

The scheme, which was launched with a total fund of Rs 75 crore, has invested Rs 54.50 crore in listed shares of 66 listed companies and Rs. 83.03 lakh in public issues, rights shares and bonus shares and as of Kartik end.

NIBLPF reported a net loss of Rs 80.13 lakhs for the month of Kartik, from net profit of Rs. 9.75 thousand in last month.