Laxmi Value Fund reports meager increment in NAV for the month of Chaitra; Nabil Bank promoters shares the highest investment made from the fund

Laxmi Value Fund-1 (LVF1), a closed-end 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has reported Rs 10.88 NAV for the month of Chaitra while it was Rs 10.87 for the previous month.

The scheme, which began with a fund size of Rs 50 crore, has invested Rs 33.36 crore in the shares of 42 listed companies and Rs 2.38 lakh in public issues.

Out of its total investment in listed shares, Laxmi Value Fund-1 has bought 48,056 units of shares of Sanima Bank Limited (SANIMA), however the highest amount invested is Rs 3.24 crore in 40, 319 shares of Nabil Bank Limited Promoter Share (NABILP). It has set aside Rs 9 crore as fixed deposit and Rs 12.15 crore as bank balance.

It has reported net loss of Rs 4.55 crore which was Rs 4.59 crore in the last month.