Fall In NAV Amid Higher Loss in Mutual Fund Schemes of RBB Merchant Banking in Ashwin
Tue, Oct 31, 2023 10:25 AM on Latest, Mutual Fund,
"RBB Mutual Fund-1 (RMF1)" has unveiled its Net Asset Value (NAV) report of Ashwin month. It is a closed-end fund and has a maturity period of 7 years.
According to the financial report published, the mutual fund scheme’s NAV stands at Rs. 9.21 as of Ashwin's end, 2080 which was Rs. 9.36 in the previous month.
The scheme which began with a total fund of Rs. 1.25 Arba has invested Rs. 65.34 crores in the listed shares and Rs. 91.41 lakhs in public issues, right shares, and bonus shares. This scheme has Rs. 19.16 crores in the bank balance. The scheme has Rs. 18.75 crores in fixed deposits and has invested Rs. 10.25 crores in bonds and debentures.
RBB Mutual Fund-1 posted a net loss of Rs. 4.94 crores in the month of Ashwin. It posted a net loss of Rs. 3.10 crores in the month before that.
"RBB Mutual Fund-2 (RMF2)" has also unveiled its NAV report of last month. It is a closed-end fund and has a maturity period of 10 years.
According to the financial report, the mutual fund scheme’s NAV stands at Rs. 9.88 as of Ashwin's end, 2080 which was Rs. 10.02 in the previous month.
The scheme which began with a total fund of Rs. 84.61 Crores has invested Rs. 39.20 crores in the listed shares and Rs. 44.40 lakhs in public issues, right shares, and bonus shares. This scheme has Rs. 28.80 crores in the bank balance. The scheme has Rs. 12.50 crores in fixed deposits and has invested Rs. 2 crores in bonds and debentures.
RBB Mutual Fund-2 posted a net loss of Rs. 1.72 crores in the month of Ashwin. However, it posted a net loss of Rs. 48.10 lakhs in the month before that.
