NIBL Samriddhi Fund-1 earning surges by 21.80% on Baisakh end; NAV increases to Rs 14.15

NIBL Samriddhi Fund-1 (NIBSF-1), a 7 years close-ended mutual fund scheme managed by NIBL Capital Market Limited, has reported slight increase in net asset value (NAV). According to the financial report published today, the mutual fund scheme’s NAV surges to Rs. 14.15 in the Baisakh end from Rs. 13.40 in Chaitra end. The NAV of the fund is above the par value of Rs 10 per unit. The scheme, which was launched with a total fund of Rs 100 crore, has invested Rs. 93.66 crore in listed shares of 81 listed companies, Rs 3.30 crore on bonds and debentures, Rs. 8.68 crore in public issues, rights shares and bonus shares and as of  Baisakh end. NIBSF-1 reported a net profit of Rs 41.74 crore for the month of Baisakh up from Rs. 34.27 crore in last month. Its profit surges by 21.80 percent. Out of its total investment in listed shares, NIBL Sambriddhi Fund 1 has bought 1, 25,000 unit shares, the highest shares of Siddhartha Equity Oriented Scheme-1.