NIBL Samriddhi Fund-1 (NIBSF1), a 7-year closed-end mutual fund scheme managed by NIBL Ace Capital Limited, has reported an increase in Net Asset Value (NAV) on Poush end.
According to the financial report published today, the mutual fund scheme’s NAV stands at Rs 10.57 on Poush end as compared to Rs.9.67 in previous month.
The scheme which was started with a total fund of Rs.1 Arba, has invested Rs.75.80 Crore in listed shares, Rs.12.72 Lakhs in public issues, right shares and bonus shares and Rs.5 Crore in debentures.
NIBSF1 reported a net profit of Rs 5.24 Crore for Poush which was net loss of Rs.3.71 Crore till the month of Mangsir.
The scheme has Rs.10 Crore in fixed deposits and has Rs.15.40 Crore in bank balance.
NIBL Pragati Fund (NIBLPF), a 7 year closed-end mutual fund scheme managed by NIBL Ace Capital Limited, a wholly owned subsidiary of Nepal Investment Bank, has reported an increase in NAV as on Poush end reaching Rs 8.79 from Rs. 7.87 in last month.
The scheme, which was launched with a total fund of Rs.75 Crore, has invested Rs.60.21 Crore in listed shares of companies and Rs.8.34 lakh in public issues, rights shares and bonus shares.
NIBLPF reported a net profit of Rs.3.84 Crore till the month of Poush, up from net loss of Rs.3.08 Crore in the last month.
This scheme has no fund in fixed deposits and debenture and has Rs.5.68 Crore in bank balance.
NIBL Sahabhagita Fund is NIBL Ace Capital Fund Scheme, and is first open-ended fund. This fund is not tradeable at Nepal Stock Exchange like other close-ended fund and it has no fixed maturity period. The fund has issued only 1.25 Crore units worth Rs.12.50 Crore to general public.
According to the financial report published today, the mutual fund scheme’s NAV stands at Rs.10.42 on Poush end compared to Rs.10.16 posted in the month of Mangsir.
The scheme has invested Rs.5.51 Crore in listed shares and Rs.2 Crore in fixed deposit.
The scheme reported a net profit of Rs.92.12 Lakhs till Poush end against net profit of Rs.40.69 Lakhs till the month of Mangsir.
The scheme has invested Rs 20 lakh in debentures and has Rs.13.10 Crore in bank balance.