NMB Sulav Investment Fund-1 NAV surges to Rs 12.56; 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 rise in net asset value (NAV). The fund’s NAV grew to Rs12.56 at the end of Bhadra, which is a slight improvement over Rs 11.94 reported at the end of Shrawan. The mutual scheme which began with a total fund of Rs 75 crore, has invested Rs 66.15 crore in the listed share of total 66 listed companies and Rs 2.80 crore in public issues. The fund has mobilized Rs 17.26 crore in fixed deposits. Out of its total investment in listed shares, NMB Sulav Investment Fund – 1 has bought 31,105 unit shares,the highest shares of Nepal Doorsanchar Company Limited. The last traded price (LTP) of NMBSF-1 stood at Rs 10.06 as on September 29.