NIBL Samriddhi Fund's NAV reaches Rs 9.68; NIBL Pragati Fund reports net loss of Rs 3.98 crore

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 Mangsir, 2075 end.

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

The scheme which was with a total fund of Rs 1 arba, has invested Rs 74.99 crore in listed shares, Rs 1.10 crore in public issues, right shares and bonus shares and Rs 5 crore in debentures.

NIBSF1 reported a net loss of Rs 4.12 crore for the month of Mangsir, from net profit of Rs 4.04 lakh for the month of Kartik.

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 7.28 as on Mangsir end from Rs 7.70 in last month.

The scheme, which was launched with a total fund of Rs 75 crore, has invested Rs 51.28 crore in listed shares of 66 listed companies and Rs. 1.13 crore in public issues, rights shares and bonus shares and as of Mangsir end.

NIBLPF reported a net loss of Rs 3.98 crore for the month of Mangsir, from net loss of Rs. 80.13 lakh in last month.