Mutual Funds of NIBL ACE Capital Report Fall in NAV and Rise in Net Losses in Baisakh
Sun, May 28, 2023 11:20 AM on Latest, Mutual Fund,
NIBL Ace Capital Limited has published the Net Asset Value (NAV) till Baisakh, 2080 of all four of its funds.
NIBL Pragati Fund (NIBLPF)
NIBL Pragati Fund (NIBLPF) is a 7 years closed-end mutual fund scheme. The fund has reported a decline in its net asset value (NAV) for the month of Baisakh.
According to the financial report published, the mutual fund scheme’s NAV has declined to Rs. 9.50 as of Baisakh end, 2080 which was Rs. 9.81 in the previous month. The scheme which began with a total fund of Rs. 75 crore has invested Rs. 42.54 crore in the listed shares and Rs. 14.08 crore in public issues, right shares, and bonus shares. This scheme has Rs. 13.69 crores in the bank balance.
NIBLPF has posted a net loss of Rs. 3.78 crores in the month of Baisakh. The loss was Rs. 1.44 crore in the month before that.
NIBL Sahabhagita Fund (NIBLSF)
NIBL Sahabhagita Fund (NIBLSF) is NIBL Ace Capital's fund scheme and is the first open-ended fund. This fund is not tradable at Nepal Stock Exchange like other closed-ended funds and it has no fixed maturity period.
The fund size as of Baisakh is Rs. 1.6 Arba which was Rs. 1.49 Arba a month ago.
According to the financial report published today, the fund scheme’s NAV stands at Rs. 9.97 as of Baisakh end, 2080 which was Rs. 10.22 in the previous month. The scheme has invested Rs. 71.28 crores in the listed shares and Rs. 16.76 crores in public issues, right shares, and bonus shares. It has 23.80 crores in fixed deposits and has invested 13 crores in bonds and debentures.
This scheme has Rs. 35.50 crores in the bank balance. NIBL Sahabhagita Fund has posted a net loss of Rs. 2.17 crores in the month of Baisakh. It was at a profit of Rs. 1.64 crores last month.
NIBL Samriddhi Fund - II (NIBSF2)
NIBL Samriddhi Fund - II (NIBSF) has also unveiled its NAV report.
The fund has a size of Rs. 1.5 Arba. The NAV for the month of Baisakh stands at Rs. 8.42, which was Rs. 8.62 last month.
Rs. 68.52 crores of the fund are invested in listed shares and Rs. 12.28 crores in bonds and debentures. Rs. 22.50 crores of the fund are in fixed deposits and Rs. 11.31 crores in bank deposits. The fund has invested Rs. 16.19 crores in public issues and has Rs. 1.58 Crores worth of other assets.
The fund is at a net loss of Rs. 2.13 crores in Baisakh. In the month before that, it was at a profit of Rs. 98.89 Lakhs.
NIBL Growth Fund (NIBLGF)
NIBL Growth Fund (NIBLGF) has also unveiled its first NAV report.
The fund has a size of Rs. 1.32 Arba. The NAV for the month of Baisakh stands at Rs. 9.74, which was Rs. 9.89 last month.
Rs. 36.42 crores of the fund are invested in listed shares and Rs. 5.83 crores in bonds and debentures. Rs. 19.80 crores of the fund are in fixed deposits and Rs. 51.53 crores in bank deposits. The fund has invested Rs. 15.17 crores in public issues and has Rs. 56.90 lakhs worth of other assets.
The fund is at a net loss of Rs. 3.38 crores in Baisakh. In the month before that, it was at a loss of Rs. 1.40 crores.
