NMB Sulav Investment Fund-1 & NMB Hybrid Fund-1 report decrease in NAV; NAV stand at Rs 13.38 & Rs 10.42 respectively for the month of Jestha

NMB Sulav Investment Fund-1 (NMBSF-1) and NMB Hybrid Fund L-1 (NMBHF-1), both promoted by NMB Bank Limited and managed by NMB Capital have reported slight decrease in their net assets value (NAV) for the month of Jestha, 2075.

According to the financial report published today, NMBSF- a 5 years close ended mutual fund scheme’s NAV decreased to Rs 13.38 from the previous month’s value of Rs 13.82. Still the NAV of the fund is above the par value of Rs 10 per unit.

The mutual fund scheme which began with a total fund of Rs 75 crore, has investment of Rs 42.39 crore in listed shares and Rs 1.48 crore in the public issue, right shares and bonus shares. The fund has set aside Rs 1.40 crore in bonds and debentures.

Out of its total investment in listed shares, NMB Sulav Investment Fund-1 has bought Rs 2.36 crore worth of 32,265 unit shares of Nepal Telecom.

NMBSF-1 reported net loss of Rs 8.51 crore for the month of Jestha.

Likewise, NMBHF-1 a 7 years close-end mutual fund scheme’s NAV has slightly decreased to Rs 10.42 in the month of Jestha from Rs 10.56 of the previous month. The NAV is slightly above the par value of Rs 10 per unit.

The scheme, which began with a fund size of Rs 1 arba, has invested Rs 25.79 crore in listed shares and Rs 53.03 lakh in the public issue, right shares and bonus shares. The fund has set aside Rs 5 crore in bonds and debentures.

Out of its total investment in listed shares, NMB Hybrid Fund has bought Rs 3.28 crore worth of 44,720 shares of Nepal Telecom.

It has reported a net loss of Rs 81.64 lakh for the month of Jestha.

Also See: Mutual Funds and their latest NAVs