Both Laxmi Capital mutual funds report a decrease in NAV and profitability in Ashoj, according to the company.


The net asset value (NAV) of Laxmi Equity Fund (LEMF), a closed-end 7-year equity-oriented mutual fund scheme managed by Laxmi Capital Market Limited, has fallen to Rs. 12.27 from Rs. 12.46 in the month of Ashoj, according to the fund’s management.

With an initial fund size of Rs.1.25 Arba, the program has amassed a total of Rs. 97.19 crores in listed shares of various firms since its inception.

87.16 lakhs in public offerings and Rs. 5.41 crores in bonds and debentures been invested by LEMF so far. Rs. 16.5 crores in fixed deposits and Rs. 31.65 crores in bank balance are held in this mutual fund by the investors.

Till Ashoj, the company had claimed a net of slightly more than Rs. 23.23 crores. For the preceding month, the company earned Rs. 25.62 crores in profit.


Laxmi Capital Market Limited has also the Laxmi Unnati Kosh (LUK) financial report for the month of Ashoj, which was previously unavailable. The net asset value (NAV) for the month of Ashoj is Rs. 12.35. In the preceding month, the NAV was Rs. 12.61 per share.

The fund has made investments in listed shares worth Rs. 51.24 crores and in public issues worth Rs. 45.56 lakhs. Even though the fund has a bank balance of Rs. 17.86 crores, it has made an investment of Rs. 7.5 crores in fixed deposits. In addition, the fund holds 3.66 crores in debentures.

During the month of Ashoj, Laxmi Unnati Kosh posted a net of Rs. 14.84 crores, according to the company. The month’s net profit was Rs. 16.52 crores, which was a record high.

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