NIBL Samriddhi Fund-1 & NIBL Pragati Fund NAV rises to Rs 15.98 & 10.74 respectively

NIBL Samriddhi Fund-1 (NIBSF-1), a 7 years closed-end mutual fund scheme managed by NIBL Capital Markets Limited, has reported increase in Net Asset Value (NAV). According to the financial report published today, the mutual fund scheme’s NAV surged to Rs 15.98 in Chaitra end from Rs. 12.77 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 1 arba, has invested Rs. 1.15 arba in listed shares of 87 listed companies, Rs 3.30 crore on bonds and debentures, and Rs 10.78 crore in public issues, rights shares and bonus shares and as of Chaitra end. NIBSF-1 reported a net profit of Rs 3.19 crore for the month of Chaitra, from net loss of Rs. 28.29 crore in last month. 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 invested the highest amount i.e. Rs 6.26 crore in shares of Everest Bank Limited. The last traded price (LTP) of NIBSF1 stood at Rs 12.50 as on Baisakh 14, 2074. Likewise, 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 also reported rise in NAV to Rs 10.74 as on Chaitra end from Rs 9.91 in last month. The scheme, which was launched with a total fund of Rs 75 crore, has invested Rs 29.50 crore in listed shares of 36 listed companies and Rs. 2.33 crore in public issues, rights shares and bonus shares and as of Chaitra end. NIBLPF reported a net profit of Rs 4.72 crore for the month of Chaitra, from net loss of Rs. 67.06 lakh in last month. Out of its total investment in listed shares, NIBL Pragati Fund has bought 29,125 unit shares, the highest shares of Nepal Bank Limited. The last traded price (LTP) of NIBPF stood at Rs 10.20 as on Baisakh 14, 2074.