NIMB Ace Capital Unveils NAV Report of its Mutual Funds for Month of Ashad; Dividends Expected for Two Other Schemes
Sun, Jul 30, 2023 12:33 PM on Latest, Mutual Fund,
NIMB Ace Capital Limited has published the Net Asset Value (NAV) till Ashad, 2080 of all five of its funds.
NIBL Pragati Fund (NIBLPF)
NIBL Pragati Fund (NIBLPF) is a 7 years closed-end mutual fund scheme. The fund has reported an increase in its net asset value (NAV) for the month of Ashad.
According to the financial report published, the mutual fund scheme’s NAV has increased to Rs. 10.68 as of Ashad end, 2080 which was Rs. 10.28 in the previous month. The scheme which began with a total fund of Rs. 75 crore has invested Rs. 49.40 crore in the listed shares and Rs. 14.46 crore in public issues, right shares, and bonus shares. This scheme has Rs. 15.35 crores in the bank balance.
NIBLPF has posted a net profit of Rs. 5.04 crores in the month of Ashad. The profit was Rs. 2.08 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 Ashad is Rs. 1.86 Arba which was Rs. 1.73 Arba a month ago.
According to the financial report published today, the fund scheme’s NAV stands at Rs. 10.68 as of Ashad end, 2080 which was Rs. 10.45 in the previous month. The scheme has invested Rs. 85.10 crore in the listed shares and Rs. 17.64 crore in public issues, right shares, and bonus shares. It has 28.55 crores in fixed deposits and has invested 14 crores in bonds and debentures.
This scheme has Rs. 51.74 crores in the bank balance. NIBL Sahabhagita Fund posted a net profit of Rs. 9.92 crores in the month of Ashad. It was at a profit of Rs. 5.83 crores last month.
NIBL Sahabhagita Fund (NIBLSF) has announced to distribute a four percent cash dividend to its shareholders for the financial year 2079-80.
The book closure has been announced for 2080/04/11.
Similarly, an announcement has also been made for a dividend re-investment plan to all the qualified unit holders to register their names within the given timeframe.
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 Ashad stands at Rs. 9.27, which was Rs. 9 last month.
Rs. 74.58 crores of the fund are invested in listed shares and Rs. 12.78 crores in bonds and debentures. Rs. 22.50 crores of the fund are in fixed deposits and Rs. 10.87 crores in bank deposits. The fund has invested Rs. 17.12 crores in public issues and has Rs. 1.86 Crores worth of other assets.
The fund is at a net profit of Rs. 10.72 crores in Ashad. In the month before that, it was at a profit of Rs. 6.61 crores.
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 Ashad stands at Rs. 10.24, which was Rs. 10.03 last month.
Rs. 54.38 crores of the fund are invested in listed shares and Rs. 6.83 crores in bonds and debentures. Rs. 19.80 crores of the fund are in fixed deposits and Rs. 37.59 crores in bank deposits. The fund has invested Rs. 15.39 crore in public issues and has Rs. 1.93 crores worth of other assets.
The fund is at a net profit of Rs. 3.16 crores in Ashad. In the month before that, it was at a profit of Rs. 44.37 lakhs.
Mega Mutual Fund 1 (MMF1)
"Mega Mutual Fund 1" is a closed-end fund and has a maturity period of 10 years. The issue began with a fund size of Rs. 1.25 Arba.
The fund has invested Rs. 86.26 crores in listed shares in Ashad. Rs. 2.56 crores have been invested in non-listed shares and Rs. 10 crores in fixed deposits. The fund has Rs. 12.10 crores worth of bank deposits, and Rs. 3.24 lakhs of other assets.
The fund has reported a NAV of Rs. 8.91 in Ashad, compared to the NAV of Rs. 8.63 in the month before that. It has reported a net profit of Rs. 3.33 crores. In the month before that, it was at a net loss of Rs. 11.27 lakhs.
Note:
Unit holders of mutual fund schemes have been anticipating dividends from two more (three in total) schemes out of the five schemes managed by NIMB Ace Capital Limited. The mutual fund schemes managed by the capital including NIBL Pragati Fund (NIBLPF), NIBL Growth Fund (NIBLGF) have shown remarkable performance as their NAV have improved considerably, making dividend payouts from the financial year 2079-80, most likely. In the same manner, NIBL Sahabhagita Fund (NIBLSF) has already announced 4 percent cash dividend for the fiscal year. On the other hand, the mutual fund scheme, NIBL Samriddhi Fund - II (NIBSF2) and Mega Mutual Fund 1 (MMF1), despite witnessing an upswing in their respective NAV ,remains below the critical threshold of 10, indicating unlikely dividend prospects.
