Sanima Equity Fund's NAV rises to Rs 10.66 in Falgun; Huge concentration in Fixed deposit and bank balance

Tue, Mar 26, 2019 12:19 PM on Latest, Mutual Fund, Stock Market,

Sanima Equity Fund (SAEF), a 7 years closed-end equity oriented mutual fund scheme managed by Sanima Capital Limited and sponsored by Sanima Bank Limited, has reported its NAV of Rs 10.66 for the month of Falgun, 2075 which was Rs 10.53 in the previous month.

The scheme which was launched with a total fund of Rs 1.30 arba, has total investments of Rs 54.07 crore in listed shares and Rs. 3.15 crore in public issues, right shares and bonus shares as of Magh end.

SAEF has Rs 13 crore in fixed deposits which is 10% of total fund size and has Rs 67.60 crore in bank balance.

SAEF reported a net profit of Rs 6.61 crore till the month of Falgun of FY 2075/76.

Out of its total investment in listed shares, Sanima Equity Fund has highest investment in Century Commercial Bank. You can see the published announcement here.