Increase in the net profit of Global IME Samunnat Scheme-1 (GIMES1) in Kartik, as well as the profitability of “Mega Mutual Fund 1.”
Up till the end of Kartik, the Net Asset Value (NAV) of Global IME Samunnat Scheme-1 (GIMES1), a closed-ended 7-year mutual fund scheme managed by Global IME Capital Limited, had shown a growth.
A financial report published today shows that the net asset value (NAV) of the mutual fund scheme fell to Rs. 22.98 at the end of Kartik from Rs. 21.33 at the beginning of the month.
It has invested Rs. 2.15 Arba in the shares of publicly traded firms since it was founded with a total investment of Rs. 1 Arba. As of the end of Kartik’s tenure, the company has invested Rs. 4.82 crores in non-listed stocks. A similar amount of money has been invested in debentures, amounting to Rs. 7.47 crore.
So far in the month of Kartik, the fund has posted a net profit of Rs. 18.19 crores. The fund made a net profit of slightly more than Rs 1.68 crores in the month before that.
Report on NAV
Additionally, the Net Asset Value (NAV) report for “Mega Mutual Fund 1” was released.
It was recently announced that applicants had been assigned to the public issue of “Mega Mutual Fund 1.” On the 4th Bhadra, 2078, the issue was opened for business, and it was closed at the end of banking hours on the 10th Bhadra, 2078, when it was closed. “Mega Mutual Fund 1” is a closed-end fund, which means that it can only be traded on the NEPSE market place. With a maturity of ten years, the fund is a good investment.
Units with a par value of Rs. 10 per unit were issued in an amount of 10 crores. With nearly 2.37 times as many people signing up for the issue, it was downsized to 125 percent of its original size to accommodate the demand.
As a result, the issue started with a fund size of Rs. 1.5 Arba and has so far invested Rs. 30.11 crores in Kartik’s publicly traded shares. Investments in non-listed shares were Rs. 1.05 crores, with a total of Rs. 12.5 crores in debentures made. Currently, the fund’s bank deposits are Rs. 88.47 crores, and it also has other assets of Rs. 24.37 lakhs.
According to the fund’s NAV for Kartik, it was Rs. 10.11, which was higher than the previous month’s NAV of Rs. 9.99. A little more than Rs. 1.39 crores has been declared as a net profit in the month of Kartik by the company. It had made a net loss of Rs. 15.38 lakhs in the month before to that.