SEOS & SIGS1 post decline in NAV to Rs 15.05 & Rs 26.57 respectively on Jestha end

Siddhartha Equity Oriented Scheme (SEOS) a closed-end 5 years mutual fund scheme managed by Siddhartha Capital Limited—has reported drop in net asset value (NAV). As per the financial report published today, the mutual fund scheme’s NAV decreased to Rs 15.05 at the end of Jestha from Rs 15.41 posted last month. The NAV of the fund is above the par value of Rs 10 per unit. The scheme, which began with a total fund of Rs 100 crore, has invested Rs 92.15 crore in listed shares, Rs 19.05 crore in public issues, rights shares and bonus shares. The scheme has invested in 4,231,112 unit shares of 98 listed companies. SEOS reported a net loss of Rs 17.85 crore in the month of Jestha from Rs 14.22 crore in the month of Baisakh. Out of its total investment in listed shares, Siddhartha Equity Oriented Scheme has bought 29,70,000 unit shares, the highest shares of NMB Sulav Investment Fund-1. Likewise, Siddhartha Investment Growth Scheme-1 (SIGS1) a closed-end 5 years mutual fund scheme managed by Siddhartha Capital Limited—has also reported decline in net asset value (NAV). According to the financial report published today, the mutual fund scheme’s NAV declined to Rs 26.57 in the Jestha end from Rs 27.28 in Baisakh end. The scheme, which began with a total fund of Rs 50 crore, has invested Rs 84.99 crore in listed shares, and Rs 10.30 crore in public issues, rights shares and bonus shares. The scheme has invested in 1,104,293 unit shares of 83 listed companies. SIGS-1 reported net loss of Rs 18.89 crore for the month of Baisakh from Rs 15.36 crore in the month Chaitra. Out of its total investment in listed shares, SIGS has bought 46,287 unit shares, the highest shares of Hydroelectricity Investment and Development Company Limited (HIDCL).