Rise in NAV and Net Profit of Citizens Mutual Fund-1 (CMF1) and Citizens Mutual Fund-2 (CMF2) in Mangsir
Wed, Dec 30, 2020 11:16 AM on Latest, Mutual Fund,
Citizens Mutual Fund-1 (CMF1), a 7-year closed-end mutual fund scheme has published its monthly report for the month of Mangsir, 2077.
As per the report, a mutual fund has reported an increase in Net Assets Value (NAV) to Rs 11.98 from Rs 11.35. The scheme which began with a fund size of Rs 82 crore has invested Rs 44.27 crore in the shares of listed companies and Rs 20.48 lakh in non-listed shares.
This scheme has invested Rs 12.3 crore in fixed return assets and has Rs 37.79 crore in the bank balance.
The mutual fund is the first mutual fund of CBIL Capital. The scheme is managed by CBIL Capital with Citizens Bank International as the fund sponsor.
It has reported a net profit of Rs 14.79 crores till Mangsir. The fund had reported a net profit of Rs. 9.55 crores in the previous month.
Citizens Mutual Fund-2 (CMF2) is CBIL Capital Limited's second mutual fund scheme and is a 7-years closed-end fund. The recently launched scheme has published its NAV report for the month of Mangsir, 2077.
As per the report, the mutual fund has reported an increase in its Net Assets Value (NAV) to Rs 12.37 till Mangsir's end from Rs 11.45 last month. The scheme, which began with a fund size of Rs 1 Arba has invested Rs 33.58 crore in the shares of listed companies and Rs 20.48 lakhs in non-listed shares.
This scheme has invested Rs 8.4 crore in fixed return assets and has Rs 24.34 crore in the bank balance.
The scheme is managed by CBIL Capital with Citizens Bank International as the fund sponsor.
It has reported a net profit of Rs 12.47 crore till Mangsir's end. It had reported a net profit of Rs 7.31 crore in the previous month.
