NIBL Samriddhi Fund-1 NAV surges to Rs. 13.40 on Chaitra end; Profit increases by 7.74%

Thu, Apr 28, 2016 3:05 AM on Latest, Mutual Fund, Featured, Stock Market,
NIBL Samriddhi Fund-1 (NIBSF-1), a 7 years close-ended mutual fund scheme managed by NIBL Capital Market Limited, has reported negligible rise in net asset value (NAV). According to the financial report published today, the mutual fund scheme’s NAV rose to Rs. 13.40 in the Chaitra end from Rs. 13.16 in Falgun 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. 93.79 crore in listed shares of 80 listed companies, Rs 3.30 crore on bonds and debentures, Rs. 7.44 crore in public issues, rights shares and bonus shares and as of Chaitra end. NIBSF-1 reported a net profit of Rs 34.27 crore for the month of Chaitra up from Rs. 31.80 crore in last month. Its profit hikes by 7.74 percent. Out of its total investment in listed shares, NIBL Sambriddhi Fund1 has bought 42,437 unit shares, the highest shares of Bank of Kathmandu (BOK).