Net Asset Value of mutual funds declined for the month of Kartik

Kathmandu December 1- 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 slides down to Rs. 19.15 in the Kartik end from Rs. 19.69in Ashwin end. 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. 85.30 crore in listed shares, Rs. 6.38 crore in public issues, rights shares and bonus shares. The scheme has invested in 1,181,961 units of 66 listed companies.

SIGS-1 reported a net profit of Rs.14.80 crore for the month of Kartik down from Rs 17.38 crore in last month. Siddhartha Investment Growth Scheme-1 has bought 56,138unit shares,the highest shares of Mega Bank Nepal Limited out of its total investment in listed shares.

Similarly, Siddhartha Equity Oriented Scheme (SEOS)— a closed-end 5 years mutual fund scheme also managed by Siddhartha Capital Limited—has reported diminish in net asset value (NAV).

The mutual fund scheme’s NAV decreased to Rs. 11.26 at the end of Kartik from Rs. 11.64 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 Rs 100 crore, has invested Rs. 72.22 crore in listed shares, Rs. 9.40 crore in public issues, rights shares and bonus shares and Rs. 2.60 crore on bond and debentures. The scheme has invested in 1,031,486 units of 74 listed companies. SEOS net profit drop to Rs. 12.63 crore in Kartik end from Rs. 16.40 crore in last month.

Out of its total investment in listed shares, Siddhartha Equity Oriented Scheme has bought 47,345 unit shares, the highest shares of Global IME Bank Limited.

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

According to the financial report published today, the mutual fund scheme’s NAV drop to Rs. 10.71 in the Kartik end from Rs. 11.03 in Ashwin end. 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 100 crore, has invested Rs. 74.04 crore in listed shares of 61 listed companies, Rs 3.30 crore on bonds and debentures, Rs. 4.13 crore in public issues, rights shares and bonus shares and as of Kartik end. NIBSF-1 reported a net profit of Rs 7.30 crore for the month of Kartik down from Rs. 10.55 crore in last month.

Out of its total investment in listed shares, NIBL Sambriddhi Fund1 has bought 46,258 unit shares, the highest shares of Laxmi Bank Limited (LBL). 

Similarly, Laxmi Value Fund-1 (LVF-1),a closed-ended 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported slight fall in Net Asset Value (NAV). Its NAV has drop to Rs. 10.59 in the Kartik end from Rs.10. 88 in the month of Ashwin.

The scheme, which began with a fund size of Rs 50 crore, has invested Rs. 23.60 crore in the shares of listed companies and Rs 1.62 crore in public issues. The scheme has invested in 269,188 units of 41 listed companies. LVF-1 net profit drop to Rs. 2.66 crore in Kartik end from Rs. 4.13 crore in last month.

Out of its total investment in listed shares, Laxmi Value Fund has bought 28,218 unit shares, the highest shares of Chilime Hydropower Company Limited. Source: Sharesansar