SIGS1 NAV drop to Rs 20.79; SEOS and LVF-1 NAV inches up to Rs 12.09 and Rs 11.41 respectively

Siddhartha Investment Growth Scheme-1 (SIGS1)— a closed-end 5 years mutual fund scheme managed by Siddhartha Capital Limited—has reported slight decline in net asset value (NAV). According to the financial report published today, the mutual fund scheme’s NAV drop to Rs 20.79 in the Bhadra end from Rs 21.24 in Shrawan end. The reason for the drop in NAV is the 15% cash dividend given by the SIGS1. 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 95.51crore in listed shares, Rs 2.69 crore in public issues, rights shares and bonus shares. The scheme has invested in 1,177,846 kittas of 60 listed companies. SIGS-1 reported a net profit of Rs 22.99 crore for the month of Bhadra up from Rs 17.73 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.   Meanwhile, 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 12.09 at the end of Bhadra from Rs 11.56 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 Rs100 crore, has invested Rs 81.63 crore in listed shares, Rs 10 crore in public issues, rights shares and bonus shares. The scheme has invested in 1,011,431 kittas of 64 listed companies. SEOS reported a net profit of Rs 20.90 crore up from Rs 15.61 crore 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. Likewise, Laxmi Value Fund-1 (LVF-1), a closed-ended 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported slight increment in Net Asset Value (NAV) The mutual fund scheme’s NAV rose to Rs 11.41 in the Bhadra end from Rs 11.02 in Shrawan end. The NAV of the fund is above the par value of Rs 10 per unit. The scheme, which began with a fund size of Rs 50 crore, has invested Rs 27.25 crore in the shares of listed companies and Rs 84.66 lakh in public issues. The scheme has invested in 259,363 kittas of 35 listed companies. LVF-1 has reported a net profit of Rs 7.04 crore for the month of Bhadra up from Rs 5.11 crore in previous month. Out of its total investment in listed shares,Laxmi Value Fund– 1 has bought 28,218 unit shares,the highest shares of Chilime Hydropower Company limited.