SIGS1’s NAV mounts to Rs 20.99, but remains slightly undervalued
Wed, Jul 30, 2014 12:00 AM on Mutual Fund, Others,
ShareSansar, July 30
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 20.99 for the month of Ashad, up from Rs 18.49 posted in the previous month.
The scheme, which began with a total fund of Rs 50 crore, invested Rs 97 crore in listed shares, Rs 2.01 crore in public issues and Rs 20.40 thousand on other share investments in Ashad.
The scheme recorded an earning of Rs 52.52 crore in Ashad, up from Rs 39.76 crore reported in Jestha.
The last trade price of SIGS1 at Nepal Stock Exchange Limited is Rs 18.9, which is still below its NAV.
The mutual fund operators say that lack of awareness among the investors among the benefits of such schemes is one of the major reasons behind it.
Among the two mutual funds listed in the share market, Nabil Balanced Fund is also trading below NAV due to similar reasons.
