Decline in NAV and Net Profit of Kumari Equity Fund (KEF) and Kumari Dhanabriddhi Yojana (KDBY) in Bhadra
Tue, Sep 27, 2022 10:43 AM on Latest, Mutual Fund,
Kumari Capital has published the NAV report of Kumari Equity Fund (KEF) and Kumari Dhanabriddhi Yojana (KDBY) for the month of Bhadra.
Kumari Equity Fun (KEF) has a fund size of Rs. 1 arba. The fund had initially issued only 8 crore units of Rs 80 crore worth but the issue was resized on demand. The fund managers have projected to maintain the NAV of Rs 22.49 by the time the fund matures and projects to provide 22% average yearly returns.
The NAV of the fund stands at Rs. 10.28 in the month of Bhadra compared to Rs. 10.46 in the previous month. The fund has invested Rs. 51.04 crores in shares of listed companies and Rs. 1.53 crores on public issues, right shares, and bonus shares. The fund has Rs. 15.37 crores in bonds/ debentures and Rs. 7 crores in fixed deposits.
The fund's bank balance is worth Rs. 29.93 crores and the fund has other assets totalling a little over Rs. 41.8 lakhs.
In the month of Bhadra, the fund reported a net loss of Rs. 50.57 lakhs. In the month before that, the net profit was Rs. 1.21 crores.
The NAV report of "Kumari Dhanabriddhi Yojana (KDBY)" has also been unveiled. Kumari Capital Limited recently allotted the public issue of the "Kumari Dhanabriddhi Yojana."
The "Kumari Dhanabriddhi Yojana" Kumari Dhanabriddhi Yojana" is a closed-end fund, meaning it can be traded in NEPSE. The fund has a maturity period of 10 years. Kumari Dhanabriddhi Yojana has a fund size of Rs. 1.225 Arba. The fund had initially issued only 12 crore units of Rs 1.2 Arba worth but the issue was resized to 12.25 crore units on demand.
The NAV stands at Rs. 10.02 in Bhadra, which was Rs. 10.04 in previous month. The fund has invested Rs. 28.36 crores in listed shares, Rs. 58.72 lakhs in public issues, and Rs. 18 crores in fixed deposits. The fund still has Rs. 68.55 crores in the bank and other assets worth Rs. 1.59 crores.
The fund is at net profit of Rs. 43.74 lakhs in Bhadra. In the month before that, the net profit was Rs. 72.28 lakhs.
