NMB Sulav Investment Fund-1 NAV increases to Rs 14.97; highest investment in Nabil Balance Fund-1

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 negligible rise in net asset value (NAV). The fund’s NAV rose to Rs. 14.97 at the end of Falgun, which is a slight increase over Rs 14.17 reported at the end of Magh. The mutual scheme which began with a total fund of Rs 75 crore, has invested Rs 73.39 crore in the listed share of total 74 listed companies and Rs 12.04 crore in public issues, right and bonus share. The fund has mobilized Rs 75 crore in fixed deposits. Out of its total investment in listed shares, NMB Sulav Investment Fund – 1has bought 639,687 unit shares, the highest shares of Nabil Balance Fund-1. NMBSF_1 reported net profit of Rs 6.47 crore for the month of Falgun up from Rs 5.21 crore in the month Magh. The last traded price (LTP) of NMBSF-1 stood at Rs 11.77 as on March 23, 2016.