NMB Sulav Investment Fund-1 NAV drop to Rs 11.75; highest investment in Nepal Doorsanchar

NMB Sulav Investment Fund – 1 (NMBSF-1) a closed-end 5 years mutual fund scheme promoted by NMB Bank Limited, and operated by the bank’s subsidiary NMB Capital Limited, has reported decline in net asset value (NAV). The fund’s NAV drop to Rs. 11.75 at the end of Kartik, which is a slight decrease over Rs 12.23 reported at the end of Ashwin. The mutual scheme which began with a total fund of Rs 75 crore, has invested Rs 61.33 crore in the listed share of total 72 listed companies and Rs 3.,34 crore in public issues. The fund has mobilized Rs 15.32 crore in fixed deposits. Out of its total investment in listed shares, NMB Sulav Investment Fund – 1has bought 31,105 unit shares,the highest shares of Nepal Doorsanchar Company Limited. The last traded price (LTP) of NMBSF-1 stood at Rs10 as on November 19, 2015.