NMB Hybrid Fund L-1 NAV remains unchanged in the month of Asadh at Rs.11.01; net profits increase to Rs.7.44 Crore

NMB Hybrid Fund L-1 (NMBHF-1), 7 years closed-end mutual fund scheme’s NAV remains unchanged at Rs 11.01 in the month of Asadh compared to NAV of the previous month.

The scheme, which began with a fund size of Rs 1 arba, has invested only Rs 28.86 crore in listed shares and Rs 2.42 crore in the public issue, right shares and bonus shares. The fund has invested Rs 13.50 crore in bonds and debentures.

The scheme has kept Rs 10 crore in fixed incoming earning instruments and has Rs 55.03 crore in bank balance.

The net profit till the end of Asadh month has increased to Rs 7.44 crore from previous month’s Rs 7.38 crore.

Out of its total investment in listed shares of 47 companies, NMB Hybrid Fund has major investment in Nepal Telecom, NIB Promoter and Everest Bank.