NIBSF1 and GIMES1 NAV decline to Rs. 13.82 and Rs. 9.34, loss of over Rs. 17 crore and Rs 11 crore in Mangsir

NIBL Samriddhi Fund-1 (NIBSF-1),  a 7 years close ended mutual fund scheme managed by NIBL Capital Market Limited, has reported a decline in Net Asset Value (NAV) in Mangsir. According to the financial report published today, the mutual fund scheme’s NAV decreased to Rs 13.82 in Mangsir end from Rs. 15.36 in Kartik end. The NAV of the fund is above the par value of Rs 10 per unit. The scheme, which was launched with a total fund of Rs 1 arba, has invested Rs. 1.05 arba in listed shares of 86 companies, Rs 3.30 crore on bonds and debentures, and Rs. 8.94 crore in public issues, rights shares and bonus shares and as of Mangsir end. It has also saved Rs. 10 crore in fixed deposit. NIBSF-1 reported a net loss of Rs 17.57 crore for the month of Mangsir, compared to a loss of Rs. 2.32 crore in Kartik. Out of its total investment in listed shares, NIBL Sambriddhi Fund1 has bought 15, 64, 000 unit shares, the highest shares of Siddhartha Investment Growth Scheme-1. However, the fund has invested the highest amount i.e. Rs 6.08 crore in 18,529 shares of Everest Bank Limited. Global IME Sammunati Scheme-1 (GIMES1), a close ended 7 years mutual fund scheme managed by Global IME Capital Limited, has also reported a decline in net asset value (NAV). As per the financial report published today, the mutual fund scheme’s NAV dropped to Rs. 9.34 in Mangsir end from Rs 10.13 on Kartik end. The NAV of the fund is below the par value of Rs 10 per unit. The scheme, which was launched with a total fund of Rs 1 arba, has invested Rs. 49.59 crore in the shares of listed companies and Rs 4.70 crore in non- listed shares as on Kartik end. The fund has reported net loss of Rs. 11.27 crore during the month of Mangsir compared to a loss of Rs. 3.33 crore in the month of Kartik. Out of its total investment in listed shares, Global IME Sammunati Fund has bought 721,210 lakh unit shares (Rs 1.58 crore), the highest shares of Nabil Balance Fund-1. However, the fund has invested the highest amount i.e Rs. 5.22 crore in 12,211 shares of Citizens Investment Trust.