NIBL Samriddhi Fund reports meager decrease in NAV for Chaitra end; NAV and Net loss stand at Rs 11.53 and Rs 16.20 crore respectively

NIBL Samriddhi Fund-1 (NIBSF1), a 7 year close-end mutual fund scheme managed by NIBL Ace Capital Markets Limited, has reported shrinkage in Net Asset Value (NAV) in Chaitra 2074 end.

According to the financial report published today, the mutual fund scheme’s NAV was at Rs 11.53 per unit, as compared to Rs 11.59 in Falgun 2074.

The scheme which was with a total fund of Rs 1 arba, has invested Rs 80.50 crore in listed shares and Rs 5.75 crore in public issues, right shares and bonus shares.

NIBSF1 reported a net loss of Rs 16.20 crore for the month of Chaitra, from net loss of Rs 15.57 crore for the month of Falgun.

Out of its total investment in listed shares, NIBL Samriddhi Fund-1 has bought 4,01,800 unit shares, the highest of Siddhartha Equity Oriented Scheme. However, its highest investment of Rs 3.74 crore in 48,492 shares of Chilime Hydropower Company Limited.