NIBL Pragati Fund’s NAV slides down to Rs 10.37 in Baisakh end; NIBL Sambriddhi Fund at Rs 15.46

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 decrease in NAV to Rs 10.37 as on Baisakh end from Rs 10.74 last month. The scheme, which was launched with a total fund of Rs 75 crore, has total investments of Rs 39.74 crore in listed shares of 43 listed companies and Rs 1.15 crore in public issues, rights shares and bonus shares as of Baisakh end. NIBLPF reported a net profit of Rs 2.77 crore for the month of Baisakh, from net profit of Rs. 4.72 crore in Chaitra 2073 end. Out of its total investment in listed shares, NIBL Pragati Fund has bought 30,140 unit shares, the highest of Nepal Bangladesh Bank Limited. However, it has its highest investment of Rs 1.99 crore in 16,630 shares of Nabil Bank Promoter shares. The last traded price (LTP) of NIBLPF stood at Rs 10.10 as on Jestha 14, 2074. Likewise, NIBL Samriddhi Fund-1 (NIBSF1), a 7 years closed-end mutual fund scheme managed by NIBL Capital Markets Limited, has also reported decline in its Net Asset Value (NAV) in Baisakh 2074 end. According to the financial report published today, the mutual fund scheme’s NAV was at Rs 15.46 per unit, as compared to Rs 15.98 in Chaitra 2073. The scheme, which was launched with a total fund of Rs 1 arba, has invested Rs 1.12 arba in listed shares of 84 listed companies, Rs 3.30 crore on bonds and debentures, and Rs 6.56 crore in public issues, rights shares and bonus shares and as of Chaitra end. NIBSF1 reported a net loss of Rs 1.22 crore for the month of Baisakh. Out of its total investment in listed shares, NIBL Samriddhi Fund-1 has bought 15,64,000 unit shares, the highest shares of Siddhartha Investment Growth Scheme-1. However, the fund has its highest investment i.e. Rs 5.43 crore in shares of Everest Bank Limited. The last traded price (LTP) of NIBSF1 stood at Rs 12.25 as on Jestha 14, 2074. Also See: Mutual Funds and their latest NAVs, LTPs