NIBL Samriddhi Fund-1 NAV inches up to Rs. 12.59

Kathmandu February 23- NIBL Samriddhi Fund-1 (NIBSF-1), a 7 years close-ended mutual fund scheme managed by NIBL Capital Market Limited, has reported slight increase in net asset value (NAV).

According to the financial report published today, the mutual fund scheme’s NAV rose to Rs. 12.59 in the mid-January from Rs. 11.92 in mid-December. The NAV of the fund is above the par value of Rs 10 per unit.

The scheme, which was launched with a total fund of Rs 1 billion, has invested Rs. 811.1 million in listed shares of 76 listed companies, Rs 33 million on bonds and debentures, Rs. 120 million in public issues, rights shares and bonus shares and as of mid January.

NIBSF-1 reported a net profit of Rs 261.6 million for the month of mid january up from Rs. 194.7 million in last month. Its profit surges by 34.31%.

Out of its total investment in listed shares, NIBL Sambriddhi Fund1 has bought 40,785 unit shares of Nepal Bangladesh Bank (highest in commercial bank), 25,000 units of Api Power Company (highest in Hydropower), 20,756 units of Citi Development Bank (highest in development Bank), 20,256 units of National Life insurance company (highest in Insurance Company), 12,304 units of International Leasing and Finance Company (highest in Finance).