NIBL Samriddhi Fund-1 reports decline in NAV in Poush; NIBL Pragati Fund’s NAV at Rs 9.93
Tue, Jan 31, 2017 12:52 PM on Latest, Mutual Fund, Mutual Fund, Financial Analysis, 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 a decline in Net Asset Value (NAV) in Poush.
According to the financial statement for the month of Poush 2073, the mutual fund scheme’s NAV has decreased to Rs 13.69 in Poush end from Rs. 13.82 in Mangsir 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 investment of Rs. 97.98 crore in listed shares of 88 companies, Rs 3.30 crore on bonds and debentures, and Rs. 13.19 crore in public issues, rights shares and bonus shares and as of Poush end. It has also saved Rs. 10 crore in fixed deposit.
NIBSF-1 reported a net loss of Rs 19.03 crore for the month of Poush, compared to a loss of Rs. 17.75 crore in Mangsir.
Out of its total investment in listed shares, NIBL Sambriddhi Fund1 has bought 15,64, 000 unit shares, the highest shares of Siddhartha Investment Growth Scheme-1. However, the fund has the highest investment amount i.e. Rs 5.79 crore in 30,126 shares of Everest Bank Limited.
Likewise, NIBL Pragati Fund, another mutual fund scheme managed by NIBL Capital Markets Ltd. has published its first monthly financial highlight.
As of Poush 2073 end, its NAV stands at Rs 9.93 (which is below the par value of Rs 10 per unit).
The fund, that started with an initial fund of Rs 75 crore, has investment of Rs 4.06 crore in shares of listed companies, and Rs 19.43 lakh in IPOs, rights and bonus shares.
It still has Rs 71.44 crore as bank balance. It has investment in 26 listed companies. It has bought the highest shares of Sanima Bank Limited, while it has invested the most amount of Nabil Bank Limited Promoter shares (Rs 60.63 lakhs).
