Siddhartha Capital Unveils NAV Report of Its Funds for the Month of Ashad
Sun, Jul 30, 2023 11:16 AM on Latest, Mutual Fund,
Siddhartha Equity Fund (SEF), a closed-end 10 years mutual fund, managed by Siddhartha Capital Limited has reported a gain in its net asset value (NAV) for the month of Ashad.
According to the financial report published, the mutual fund scheme’s NAV stands at Rs. 10.53 as of Ashad end, 2080 which was Rs. 10.23 in the previous month.
The scheme which began with a total fund of Rs. 1.50 Arba has invested Rs. 1.17 Arba in the listed shares and Rs. 2.98 crores in public issues, right shares, and bonus shares. The scheme has invested Rs. 6.54 crore in bond and debenture and Rs. 12.5 crore in FDs.
This scheme has Rs. 19.55 crores in the bank balance. SEF has posted a net profit of Rs. 7.62 Crores till the month of Ashad. In the month before, the net loss was Rs. 3.11 Crores.
Siddhartha Investment Growth Scheme 2 (SIGS2), a closed-end 10 years mutual fund, managed by Siddhartha Capital Limited has also reported net asset value (NAV) for the month of Ashad.
According to the financial report published, the mutual fund scheme’s NAV stands at Rs. 10.69 as of Ashad's end, 2080 which was Rs. 10.38 in the previous month.
The scheme which began with a total fund of Rs. 1.20 Arba has invested Rs. 97.4 crores in the listed shares and Rs. 2.39 Crores in public issues, right shares, and bonus shares. The scheme has invested Rs. 2.64 crores in bond and debenture and Rs. 8.8 crores in FDs. This scheme has Rs. 17.91 crores in the bank balance.
SIGS2 has also posted a net profit of Rs. 8.15 crores for the month of Ashad. The profit was Rs. 4.35 crores in the month before that.
Siddhartha Systematic Investment Scheme (SSIS) has also unveiled its NAV report. This is an open-end fund that can't be traded in NEPSE. The fund has no maturity period.
SSIS has a fund size of Rs. 45.25 crores for the month of Ashad. The fund has reported a NAV of Rs. 9 in Ashad. In the month before that, the NAV was Rs. 8.72.
The fund has invested Rs. 27.4 crores in listed shares and Rs. 74.99 lakhs in public issues. The fund has Rs. 4 crores in FDs and Rs. 2.09 crores in bonds and debentures. The fund has Rs. 6.85 crores in bank balance.
The fund saw a profit of Rs. 3.67 crores in the month of Ashad. In the previous month, it was at a profit of Rs. 2.46 crores.
“Siddhartha Investment Growth Scheme - 3 (SIGS3)” has published its monthly NAV report for the month of Ashad. This is a closed-end fund with a maturity of 10 years.
The NAV stands at Rs. 10.31 in Ashad which was Rs. 10.15 in the previous month. The fund size stands at Rs. 80.58 Crores. It has invested Rs. 35.89 crore in listed shares and Rs. 2.36 crore in public issues. The fund has Rs. 10 crores in FDs and Rs. 70.60 lakhs in bonds and debentures. The fund has Rs. 34.43 crores in bank balance.
SIGS3 has reported a net profit of Rs. 2.51 crores in Ashad. In the month before, the net profit was Rs. 1.22 crores.
Note:
Unit holders of mutual fund schemes have been anticipating dividends from all three close-ended schemes out of the four schemes managed by the Capital. All three close-ended mutual fund schemes managed by Siddhartha Capital including Siddhartha Equity Fund (SEF), Siddhartha Investment Growth Scheme 2 (SIGS2) and Siddhartha Investment Growth Scheme - 3 (SIGS3) 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, the open-ended mutual fund scheme, Siddhartha Systematic Investment Scheme (SSIS), despite witnessing an upswing in NAV from Rs. 8.72 to Rs. 9, remains below the critical threshold of 10, indicating unlikely dividend prospects.
