NIBL Samriddhi Fund & NIBL Pragati Fund NAV increase to Rs 13.09 & Rs 9.56 respectively in Mangsir end

NIBL Samriddhi Fund-1 (NIBSF1), a 7 years closed-end mutual fund scheme managed by NIBL Capital, a wholly-owned subsidiary of Nepal Investment Bank, has reported increase in Net Asset Value (NAV) to Rs 13.09 as on Mangsir end from Rs 12.82 last month. The scheme, which was launched with a total fund of Rs 1 arba, has total investments of Rs 96.32 crore in listed shares of 78 listed companies and Rs 6.84 crore in public issues, rights shares and bonus shares and as of Mangsir end. NIBSF1 reported a net loss of Rs 5.40 crore for the month of Mangsir, from net loss of Rs. 3.24 crore in Kartik end. 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. Likewise, NIBL Pragati Fund (NIBLPF), a 7 years closed-end mutual fund scheme managed by NIBL Capital Markets Limited, has also reported increase in its Net Asset Value (NAV) in Kartik 2074 end. According to the financial report published today, the mutual fund scheme’s NAV was at Rs 9.37 per unit in Kartik end, as compared to Rs 9.56 in Mangsir end. The scheme, which was launched with a total fund of Rs 75 crore, has invested Rs 61.59 crore in listed shares of 58 listed companies, Rs 3.48 crore in public issues, rights shares and bonus shares and as of Ashwin end. NIBLPF reported a net loss of Rs 3.64 crore for the month of Mangsir, 2074. Out of its total investment in listed shares, NIBL Pragati Fund has bought 1.19 lakh unit shares, the highest of Sidhartha Equity Oriented Scheme (SEOS).