SIGS1’s NAV reach Rs 17.24, still it remains undervalued
Tue, May 27, 2014 12:00 AM on Mutual Fund, Others,
ShareSansar, May 27
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 17.24 for the month of Baisakh, up from Rs 16.28 posted in the previous month.
The scheme, which began with a total fund of Rs 50 crore, invested Rs 77.15 crore in listed shares, Rs 4.55 crore in public issues and Rs 7.8 thousand on other share investments in Baisakh.
The scheme recorded an earning of Rs 31.78 crore in Baisakh, up from Rs 26.97 crore reported in Chaitra.
Yesterday, SIGS1 closed at Rs 13 which is far 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.
