NIBL Samriddhi Fund’s NAV decreases to Rs 10.25; NIBL Pragati Fund increases its investment in the shares of Nepal Bank

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

According to the financial report published today, the mutual fund scheme’s NAV stands at Rs 10.25 per unit on Ashoj 2075, as compared to Rs 10.39 in Bhadra, 2075.

The scheme which was with a total fund of Rs 1 arba, has invested Rs 79.41 crore in listed shares and Rs 11.40 lakh in public issues, right shares and bonus shares.

NIBSF1 reported a net profit of Rs 1.61 crore for the month of Ashoj, from net profit of Rs 2.96 crore for the month of Bhadra.

Out of its total investment in listed shares, NIBL Samriddhi Fund-1 has highest investment of Rs 3.65 crore in 46,830 unit shares of Nepal Telecom.

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 decline in NAV to Rs 7.81 as on Ashoj end from Rs 8 in last month.

The scheme, which was launched with a total fund of Rs 75 crore, has invested Rs 55.57 crore in listed shares of 65 listed companies and Rs. 3.89 lakh in public issues, rights shares and bonus shares and as of Ashoj end.

NIBLPF reported a net profit of Rs 9,755 for the month of Ashoj, from net profit of Rs. 1.40 crore in last month.

Out of its total investment in listed shares, NIBL Pragati Fund has highest investment of Rs 3.59 crore in 1,15,539 unit shares of Nepal Bank Limited.

Also See: Mutual Funds and their latest NAVs