SIGS1 and SEOS reported massive growth; inches up to Rs 21.24 & Rs 11.56 respectively
Sun, Aug 23, 2015 12:00 AM on Mutual Fund, Others,

ShareSansar, August 23;
Siddhartha Investment Growth Scheme-1 (SIGS1)— a closed-end 5 years mutual fund scheme managed by Siddhartha Capital Limited—has reported massive growth in net asset value (NAV).
According to the financial report published today, the mutual fund scheme’s NAV inched up to Rs 21.24 in the Shrawan end from Rs 17.69 in Ashad end. 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 50 crore, has invested Rs 96.26 crore in listed shares, Rs 1.62 crore in public issues, rights shares and bonus shares. The scheme has invested in 1,235,907 kittas of 60 listed companies.
SIGS-1 reported a net profit of Rs 17.73 crore for the month of Shrawan up from net loss of 9.51 crore in last month.
Out of its total investment in listed shares, Siddhartha Investment Growth Scheme-1 has bought 56, 138 unit shares,the highest shares of Mega Bank Nepal Limited.
Likewise, Siddhartha Equity Oriented Scheme ( SEOS )— a closed-end 5 years mutual fund scheme managed by Siddhartha Capital Limited—has reported slight growth in net asset value (NAV).
The mutual fund scheme’s NAV increased to Rs 11.56 at the end of Shrawan from Rs 10.00 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 80.40 crore in listed shares, Rs 4.80 crore in public issues, rights shares and bonus shares. The scheme has invested in 1,041,904 kittas of 62 listed companies.
SEOS reported a net profit of Rs15.61 crore up from Rs 21.36 thousand in last month.
Out of its total investment in listed shares, Siddhartha Equity Oriented Scheme has bought 60,360 unit shares,the highest shares of Nepal Doorsanchar Company Limited.
Note that the recent hike in NEPSE has positively affected the NAV of both the scheme.
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