Nabil Balanced Fund-1, a closed-end 5 years mutual fund scheme
managed by Nabil Investment Banking Limited, has reported a net asset
value (NAV) of Rs 10.74 for the month of Bhadra, up from 10.70 posted in
the previous month.
The scheme, which began with a total fund of Rs 50 crore, invested Rs 42.51 crore in listed shares and 7.43 crore on bonds, Rs 58.86 crore in unlisted shares, bonds as well as fixed deposits in Bhadra.
The scheme recorded an earning of Rs 4.14 crore in Bhadra, up from Rs 3.36 crore reported in Shrawan.
However, the scheme is undervalued in the market as it been hovering around Rs 9 per unit for a long time, which is below NAV.
It closed at Rs 9.3 at NEPSE yesterday.
Lack of awareness among the investors among the benefits of mutual funds is one of the major reasons behind the underestimation of such schemes, according to analysts.
Among the two mutual funds listed in the share market, Siddhartha Investment Growth Scheme 1 (SIG1) is also trading below par due to similar reasons.
-sharesansar
No comments:
Post a Comment