Nabil Investment Banking Unveils NAV Report of its Mutual Funds for Month of Ashad; Dividends Expected for Two Schemes
Mon, Jul 31, 2023 9:49 AM on Latest, Mutual Fund,
Nabil Equity Fund (NEF) has published its monthly NAV report for the month of Ashad. The latest NAV stands at Rs. 10.82, which was Rs. 10.37 in the previous month.
The scheme, which began with a fund size of Rs.1.25 Arba, has invested Rs. 75.86 crores in the shares of listed companies and Rs. 1.4 crores on non-listed shares. It has invested Rs. 37.5 crore in fixed deposit schemes and has invested Rs. 11.02 crore in debentures. This scheme has Rs. 8.37 crores in the bank balance.
It has reported a net profit of Rs. 8.99 crores till the month of Ashad, 2080. The fund saw a net profit of 3.54 crores in the previous month.
Nabil Balanced Fund 2 (NBF2) is a 10-year closed-end fund. The mutual fund scheme has published the NAV report for the month of Ashad. The latest NAV stands at Rs. 10.99 till Ashad's end which was Rs. 10.24 in the previous month.
The scheme, which began with a fund size of Rs. 1.12 Arba, has invested Rs. 88.17 crores in the shares of listed companies and Rs. 1.33 crores in non-listed shares. It has invested Rs. 22.58 crore in listed debentures and Rs. 1 crore in fixed deposits. This scheme has Rs. 9.97 crores in the bank balance.
It has reported a net profit of Rs. 10.04 crores till Ashad. The fund was at a net profit of Rs. 1.6 crores in the month before that.
"Nabil Balanced Fund III (NBF3)" has also unveiled its NAV report for the month of Ashad.
The fund that began with a fund size of Rs. 1.25 Arba has invested 78.65 crores in listed shares and Rs. 1.10 crores in non-listed shares in Ashad. The fund has Rs. 11.02 crores worth of bank deposits and fixed deposits of Rs. 11 crores. Meanwhile, Rs. 12.51 crores are in debentures.
The fund is at a net profit of Rs. 7.14 crores in Ashad. In the month before that, it was at a profit of Rs. 2.72 crores. The NAV of the fund is Rs. 9.14 in Ashad which was Rs. 8.79 a month ago.
The NAV report of "Nabil Flexi Cap Fund" has also been unveiled.
The "Nabil Flexi Cap Fund" is an open-end mutual fund scheme, meaning it won't be traded in NEPSE and has no fixed maturity period. The scheme has a fund size of Rs. 47.8 Crores for the month of Ashad.
The NAV stands at Rs. 9.9 in Ashad, compared to the NAV of Rs. 9.87 in the month before that. The fund has invested Rs. 20.49 crore in listed shares, Rs. 43.12 lakhs in the public issue, right shares, bonus shares, and Rs. 50 lakhs in bonds and debentures. The amount invested in fixed deposit stands at Rs. 6.75 crores while the bank balance stands at Rs. 17.07 Crores.
The fund is at a net loss of Rs. 43.15 lakhs in Ashad. In the month before that, it was at a loss of Rs. 59.67 lakhs.
NOTE:
Unitholders of mutual fund schemes have been anticipating dividends from all four close-ended schemes out of the four schemes managed by Nabil Investment Banking. The mutual fund schemes Nabil Equity Fund, and Nabil Balanced Fund 2 have shown remarkable performance as their NAV have improved considerably, making dividend payouts from the financial year 2079-80, most likely.
On the other hand, Nabil Balanced Fund III and Nabil Flexi Cap Fund, despite witnessing an upswing in their NAV, remain below the critical threshold of 10, indicating unlikely dividend prospects.
