NMB Sulav Investment Fund-1 NAV rises to Rs 15.45; 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 rise in net asset value (NAV). The fund’s NAV rose to Rs. 15.45 at the end of Chaitra from Rs14.17 at the end of Falgun. The mutual scheme which began with a total fund of Rs 75 crore, has invested Rs 80.95 crore in the listed share of total 75 listed companies and Rs 8.61 crore in public issues, right and bonus share. The fund has collected 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 7.12 crore for the month of Chaitra up from Rs 6.52 crore in the month Falgun. The last traded price (LTP) of NMBSF-1 stood at Rs 11.60 as on April 18, 2016.