NMB 50 reports profit and Hybrid Fund-1 cuts its losses till Ashwin; NMB Sulav Investment Fund in process of liquidating its holdings

NMB Sulav Investment Fund-1 (NMBSF-1) 5 years closed-end mutual fund scheme’s NAV increased to Rs.10.64 compared to previous month’s NAV of Rs.10.53. The net profit was reported at Rs.1.20 Crore till the end of Ashwin, 2076.

The mutual fund scheme which began with a total fund of Rs.75 Crore, has investment of Rs.1.01 Crore in the listed shares and Rs.27.45 Lakh in the public issue, right shares and bonus shares. The fund has invested Rs.17.81 Crore in bonds and debentures.

The scheme has total Rs.58.23 Crore in bank balance and the fund matured on Kartik 2, 2076. Trading in the scheme has been halted on NEPSE. The scheme is in the process of liquidating its holdings and currently holds 46,231 units of 6 listed companies worth Rs.1.01 Crore till Ashwin end.

Similarly, NMB Hybrid Fund L-1 (NMBHF-1), 7 years closed-end mutual fund scheme’s NAV slightly decreased to Rs.9.84 in the month of Ashwin compared to NAV of the previous month of Rs.9.85.

The scheme, which began with a fund size of Rs.1 Arba, has invested only Rs.38.93 Crore in listed shares and Rs.1.53 Crore in the public issue, right shares and bonus shares. The fund has invested Rs.19.35 Crore in bonds and debentures.

The scheme has kept Rs.10 Crore in fixed incoming earning instruments and has Rs.28.70 Crore in bank balance.

The net loss till the end of Ashwin month has stood at Rs.1.49 Crore from previous month’s net loss of Rs.1.59 Crore.

Out of its total investment in listed shares of 57 companies, NMB Hybrid Fund has major investment in Nepal Telecom, NIB Promoter Shares and Everest Bank.

NMB 50 (NMB50), another 7 year mutual fund scheme managed by NMB Capital has published financial highlights for the month of Ashwin. The NAV for the period was reported at Rs.10.04 up from Rs.9.97 reported in the previous month.

The scheme began with fund size of Rs.1.25 Arba including seed capital from fund sponsor. The scheme has invested Rs.4.84 Crore in shares of listed companies and Rs.1.16 Crore in the public issue, right shares and bonus shares. Amount invested in fixed deposit stands at Rs.9.50 Crore while the bank balance stands at Rs.1.10 Arba.

The scheme has invested in 128,256 units of 18 listed companies, having major investment in Chhimek Laghubitta, Nirdhan Utthan Laghubitta and Nabil Bank.

By the end of Ashwin, the scheme has reported a net profit of Rs.53.90 Lakhs. In the previous month, the scheme was at a net loss of Rs.34.96 Lakhs.