NIBL Samriddhi Fund-1 & NIBL Pragati Fund report decrease in NAV; NAV down to Rs 11.50 & Rs 8.04 respectively for the month of Jestha

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

According to the financial report published today, the mutual fund scheme’s NAV stands at Rs 11.50 per unit on Jestha 2075, as compared to Rs 12.10  in Baisakh  2075.

The scheme which was with a total fund of Rs 1 arba, has invested Rs 78.88 crore in listed shares and Rs 1.09 crore in public issues, right shares and bonus shares.

NIBSF1 reported a net loss of Rs 16.45 crore for the month of Jestha, from net loss of Rs 10.40 crore for the month of  Baisakh.

Out of its total investment in listed shares, NIBL Samriddhi Fund-1 has highest investment of Rs 3.75 crore in 48,492 shares of Chilime Hydropower Company Limited.

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 minimal fall in NAV to Rs 8.04 as on Jetha end from Rs 8.62 in last month.

The scheme, which was launched with a total fund of Rs 75 crore, has invested Rs 55.11 crore in listed shares of 64 listed companies and  Rs. 95.20 Lakh in public issues, rights shares and bonus shares and as of Jestha end.

NIBLPF reported a net loss of Rs 15.01 crore for the month of Jestha, from net loss of Rs. 10.69 crore in last month.

Out of its total investment in listed shares, NIBL Pragati Fund has highest investment of Rs 2.88 crore in 22299 shares of National Life Insurance Company Limited.

Also See: Mutual Funds and their latest NAVs