SIGS1 NAV for Bhadra drops to 17.34; SEOS NAV falls to 9.63

ShareSansar, September 28:

Siddhartha Investment Growth Scheme-1, a closed-end 5 years mutual fund scheme managed by Siddhartha Capital Limited, has reported a net asset value (NAV) of Rs 17.34 for the month of Bhadra, down from Rs 21.21 posted in the previous month.

The drop in the NAV is attributed to the dramatic fall in the market over the past few weeks.

The scheme, which began with a total fund of Rs 50 crore, invested Rs 84.83 crore in listed shares, Rs 1.96 crore in public issues and Rs 15.7 thousand on other share investments in Bhadra.

The scheme, which has already offered impressive 15 percent cash dividend to its unit holders for the last fiscal year 2070/71, recorded negative earning of Rs 10.80 crore in Bhadra, down from Rs 84.10 lakh reported in Shrawan.

The last trade price of SIGS1 at Nepal Stock Exchange Limited is Rs 16, which is below its NAV.

Meanwhile, Siddhartha Equity Oriented Scheme, a new closed-end 5 years mutual fund scheme also managed by Siddhartha Capital Limited, has reported a net asset value (NAV) of Rs 9.63 for Bhadra, down from 9.93 for the month of Shrawan.

The scheme, which recently began with a total fund of Rs 100 crore, has invested Rs 28.99 crore in listed shares, Rs 17.73 lakh crore in public issues, Rs 5 crore in fixed deposit of the banks and Rs 1.5 crore on bonds and debentures as of Bhadra end.

The scheme recorded a total negative earning of Rs 2.53 crore as it is yet to get in hand a profit of Rs 2.55 crore it has already posted.