Siddhartha Investment Growth Scheme -1’s NAV slips to Rs 16.31 in Kartik-end
Sun, Nov 30, 2014 12:00 AM on Mutual Fund, Others,
ShareSansar, November 30:
Siddhartha Investment Growth Scheme -1 (SIGS-1), a closed-end five years mutual fund scheme managed by Siddhartha Capital Limited, has reported a fall in its net asset value (NAV) for the month of Kartik as compared to the month of Ashoj, 2071.
SIGS-1 NAV fell to Rs 16.31 in Kartik-end from NAV of Rs 17.38 in Ashoj-end, negative changes of 6.15 percent.
According to a monthly statement published by the mutual fund today, it stated that it has invested Rs 78.10 crore in the listed shares, Rs 3.45 crore in the non-listed shares, right share and bonus share.
The scheme, which began with a total fund of Rs 50 crore, is, however, undervalued in the bourse. The scrip was last traded at Rs 15 at Nepal Stock Exchange (Nepse).
The marginal dip in the NAV can be attributed to the recent slowdown in the overall stock market.
The mutual fund has made investment in a total of 56 listed companies shares, according to the statement.
