NIBL Samriddhi Fund's and NIBL Pragati Fund's NAV shows slight increase; NIBL Pragati Fund still at loss

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

According to the financial report published today, the mutual fund scheme’s NAV stands at Rs 10.10 per unit on Poush, 2075, as compared to Rs 9.68 in Mangsir, 2075.

The scheme which was started with a total fund of Rs 1 arba, has invested Rs 73.59 crore in listed shares, Rs 33.26 lakh in public issues, right shares and bonus shares and Rs 5 crore in debentures.

NIBSF1 reported a net profit of Rs 15.85 lakh for the month of Poush, from net loss of Rs 4.13 crore for the month of Mangsir.

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 incline in NAV to Rs 7.67 as on Poush end from Rs 7.28 in last month.

The scheme, which was launched with a total fund of Rs 75 crore, has invested Rs 54.7 crore in listed shares of listed companies and Rs. 37.28 lakh in public issues, rights shares and bonus shares and as of Poush end.

NIBLPF reported a net loss of Rs 1.05 crore for the month of Poush, from net loss of Rs. 3.98 crore in last month.