NMB Hybrid Fund L-1 NAV drops down to Rs 10.43 on Jestha; NMB Sulav Investment Fund-1 NAV also down to Rs 16.77

NMB Hybrid Fund L-1 (NMBHF1), a 7 years closed-end mutual fund scheme managed by NMB Capital Limited, has reported decrease in its Net Asset Value (NAV). According to the financial report published today, the mutual fund scheme’s NAV declined to Rs. 10.43 at the end of Jestha, 2074 from Rs 10.46 posted in Baisakh. The NAV of the fund is above the par value of Rs 10 per unit. The scheme, which began with a fund size of Rs. 1 arba, has invested Rs 17.29 crore in listed shares, Rs 80.24 Lakh in public issues and has set Rs 44 crore aside in fixed income instruments. NMB Hybrid Fund L-1 reported a net profit of Rs 4.97 crore in the month of Jestha compared to Rs 4.23 crore in the month of Baisakh. The company has invested in shares of 28 listed companies and has bought 44,805 unit shares, the highest, of Nepal Doorsanchar Company Limited (NTC). The last traded price (LTP) of NMB Hybrid Fund L-1 stood at Rs 9.80 as of last trading day. Likewise, NMB Sulav Investment Fund – 1 (NMBSF1), a 5 years close-ended mutual fund scheme promoted by NMB Bank Limited, and managed by the bank’s subsidiary NMB Capital Limited, has also reported decline in its Net Asset Value (NAV). The fund’s NAV decreased to Rs 16.77 at the end of Jestha from Rs 17.01 at the end of Baisakh 2074. The mutual scheme, which began with a total fund of Rs 75 crore, has investment of Rs 63 crore in shares of total 70 listed companies and Rs 3.72 crore in public issues, right and bonus share. The fund has set aside Rs 12.50 crore in fixed deposits and Rs 1.40 crore in bonds and debentures. Out of its total investment in listed shares, NMB Sulav Investment Fund – 1 has bought 44,295 unit shares, the highest shares of Nepal Doorsanchar Company Limited. Likewise, it has highest investment of Rs 3.57 crore in 20,522 shares of Everest Bank Limited. NMBSF-1 reported net profit of Rs 22.67 crore for the month of Jestha. The last traded price (LTP) of NMBSF1 stood at Rs 12.90 as on last trading day.