NMB Sulav Investment Fund-1 profit accelerates by 18.93% on Bhadra end; NAV at Rs 17.92

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 growth in net asset value (NAV). The fund’s NAV decreased to Rs. 17.92 at the end of Bhadra 2073 from Rs 19.03 at the end of Shrawan 2073. NMB Sulav had distributed 20% cash dividend to its unit holders which led to decrease in its Net Asset Value. The mutual scheme which began with a total fund of Rs 75 crore, has invested Rs 9.63 crore in the listed share of total 75 listed companies and Rs 4.50 crore in public issues, right and bonus share. The fund has collected Rs 7.5 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. Nabil Bank Limited Promoter Share (NABILPO) has made highest investment worth Rs 3.87 crore. NMBSF_1 reported net profit of Rs 6.82 crore for the month of Bhadra up from Rs 5.73 crore in the month Shrawan. The profit has increased by 18.93 percent. The last traded price (LTP) of NMBSF-1 stood at Rs 16.05 as on September 22, 2016.