Rise in NAV and Net Profit of Mutual Funds of NMB Capital in Ashad; Dividends Expected for Three Schemes
Fri, Jul 28, 2023 9:55 AM on Latest, Mutual Fund,
NMB Capital Limited has published the NAV Report of its funds till Ashad, 2080.
NMB Hybrid Fund L-1 (NMBHF-1)'s NAV has risen to Rs. 12.14 in the month of Ashad compared to the NAV of the previous month of Rs. 11.44.
The scheme, which began with a fund size of Rs. 1 Arba, has invested Rs. 37.9 crores in listed shares and Rs. 1.57 crores in the public issue, right shares, and bonus shares. The fund has invested Rs. 42.64 crores in bonds and debentures. The scheme has kept Rs. 32.88 crores in fixed deposits and has Rs. 6.5 crores as a bank balance.
The net profit till the end of Ashad's month stands at Rs. 9.52 crores. In the month before that, there was a net profit of Rs. 2.48 crores.
NMB 50 (NMB50), another 7-year mutual fund scheme managed by NMB Capital has also published financial highlights for the month of Ashad. The NAV for the period was reported at Rs. 12.34, up from Rs 11.83 in the previous month.
The scheme began with a fund size of Rs. 1.25 Arba including seed capital from the fund sponsors. The scheme has invested Rs. 1.09 Arba in shares of listed companies and Rs. 1.34 crores in the public issue, right shares, and bonus shares. The amount invested in fixed deposit stands at Rs. 13 crores while the bank balance stands at Rs. 13.42 crores. The fund has invested 17.9 crores in bonds and debentures.
By the end of Ashad, the scheme has reported a net profit of Rs. 13.81 crores, whereas, In the previous month, the scheme was at a profit of Rs. 7.35 crores.
The NAV report of "NMB Saral Bachat Fund - E (NMBSBF)" has also been unveiled. This is an open-ended mutual fund and has no maturity period, and the fund manager can add to the size of the mutual fund whenever needed.
The fund size as of Ashad is Rs. 1.24 Arba which was Rs. 1.17 Arba a month ago. The NAV stands at Rs. 9.52 in Ashad compared to Rs. 9.25 in the month before. The fund has invested Rs. 80.74 crore in listed shares, Rs. 63.58 lakhs in public issues, and Rs. 16.05 crore in fixed deposits. The fund still has Rs. 14.22 crores in the bank and bond/debentures worth Rs. 6.76 crores.
The fund is at a net profit of Rs. 5.99 crores in Ashad. In the month before that, it was at a profit of Rs. 2.68 crores.
The NAV report of "NMB Sulav Investment Fund - II" has also been unveiled. This is a closed-end fund and has a maturity period of 10 years. NMB Sulav Investment Fund - II has a fund size of Rs. 1.2 Arba.
The NAV stands at Rs. 11.26 in Ashad compared to Rs. 10.92 in the month before. The fund has invested Rs. 90.98 crore in listed shares, Rs. 94.62 lakhs in public issues, and Rs. 19.10 crore in fixed deposits. The fund has Rs. 19.84 crores in the bank.
The fund is a net profit of Rs. 15.39 crores in Ashad. In the month before that, it was at a profit of Rs. 11.22 crores.
Note:
NMB Capital Limited's latest NAV reports for its mutual funds have investors eagerly anticipating dividends from three out of the four schemes. NMB Hybrid Fund L-1 (NMBHF-1), NMB 50 (NMB50), and NMB Sulav Investment Fund - II (NSIF2) have shown remarkable performance as their NAV is above Rs. 10, making dividend payouts likely. On the other hand, NMB Saral Bachat Fund - E (NMBSBF), despite witnessing an upswing in NAV from Rs. 9.25 to Rs. 9.52, remains below the critical threshold of 10, indicating unlikely dividend prospects.
