Siddhartha Equity Oriented Scheme and Siddhartha Equity Fund reports NAV till the end of Asadh; SEOS undergoing legal processing related to maturity
Mon, Jul 29, 2019 2:42 PM on Financial Analysis, Latest, Mutual Fund,
Siddhartha Equity Oriented Scheme (SEOS), a closed end 5 years mutual fund scheme managed by Siddhartha Capital Limited, has reported a minimal increase in its net assets value (NAV) in Asadh 2076.
According to the NAV report published today, the mutual fund scheme’s NAV rises to Rs 11.31 as of Asadh end, 2076 which was Rs 11.23 in the previous month.
The scheme which began with a total fund of Rs 100 Crore has invested Rs 6.87 crore in the listed shares which was Rs 15.50 crore last month and Rs 1 crore in the public issues, right shares and bonus shares. The scheme has made its investment in 22 companies.
The scheme has invested Rs 2.60 crore in bond/debenture and has Rs 1.03 arba in the bank balance.
SEOS has reported a net profit of Rs 9.68 crore till Asadh end against net profit of Rs 8.93 crore till Jestha end.
The trading of SEOS has been halted from 6th Shrawan, 2076, as the scheme has reached maturity. The LTP as of 5th Shrawan, 2076 stands at Rs.10.85 per unit
The unit holders will be redeemed after the completion of all legal processing related to the maturity of the scheme.
Likewise, Siddhartha Equity Fund (SEF), a closed-end 10 years mutual fund, also managed by Siddhartha Capital Limited has reported minimal decrease in its net asset value (NAV) for the month of Asadh.
According to the financial report published today, the mutual fund scheme’s NAV stays at Rs 11.24 as of Asadh end, 2076 which was Rs 11.27 in the previous month.
The scheme which began with a total fund of Rs 1.50 Arba has invested Rs 97.06 crore in the listed shares and Rs 3.18 crore in the public issues, right shares and bonus shares. The scheme has Rs 15 crore in fixed deposits and has invested Rs 5.55 crore in bond and debenture.
This scheme has Rs 47.57 crore in bank balance.
SEF has posted a net profit of Rs 15.89 crore till the month of Asadh which was Rs 16.35 crore in the last month.
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