It has been reported that the net asset value (NAV) of the closed-end 10-year mutual fund managed by Siddhartha Capital Limited has decreased for the month of Bhadra.
According to the financial report published today, the mutual fund scheme’s net asset value (NAV) as of Bhadra end, 2077, was Rs. 14.17, down from Rs. 15.43 in the previous month’s financial report.
It has invested Rs. 1.59 Arba in listed shares and Rs. 93.25 lakhs in public issues, right shares, and bonus stocks since the scheme’s inception, having a total fund of Rs.1.50 Arba at the time of writing. The scheme has made investments in bonds and debentures of Rs. 6.29 crore and fixed deposits worth Rs. 16 crore.
A total of Rs. 27.71 crores has been set up for this scheme in the bank. As of Bhadra month, SEF has earned a net profit of Rs. 6.41 crores. The profit for the previous month was Rs. 25.2 crores.
Also reporting a decrease in its net asset value (NAV) for the month of Bhadra is Siddhartha Investment Growth Scheme 2 (SIGS2), which is a closed-end 10-year mutual fund managed by Siddhartha Capital Limited.
According to the financial report published today, the NAV of the mutual fund scheme was Rs. 14.53 as of Bhadra end, 2077, according to the financial report. In the preceding month, it stood at Rs. 15.82 per unit.
After starting with a total sum of Rs.1.20 Arba, the programme has amassed a total of Rs.1.29 Arba, which has been invested in listed shares, as well as Rs.74.25 lakhs in public issues, right shares, and bonus shares. The plan has made investments in bonds and debentures of Rs. 1.89 crores and fixed deposits worth Rs. 18 crores. A total of Rs. 22.53 crores has been set aside for this scheme at the bank.
SIGS2 has achieved a net profit of Rs. 7.03 crores for the month of Bhadra, according to the company’s financial statements. Last month, the company earned Rs. 22.46 crores in profit.
The NAV report for the Siddhartha Systematic Investment Scheme has also been released. This is Siddhartha Capital’s fifth mutual fund scheme, with two of the previous four already having reached maturity. In addition to the open-ended funds, the Siddhartha Equity Fund (SEF) and the Siddhartha Investment Growth Scheme 2 (SIGS2) are both closed-ended funds that are now traded on the NEPSE.
Because it is an open-ended fund, SSIS allows investors to enter and quit the scheme at any time following the completion of the New Fund Offer (NFO), which took place on July 4, 2018. The amount of units that can be distributed under the system is not restricted under any circumstances. When an investor makes a contribution to the fund, the number of units in the scheme grows as a result of the contribution. However, this also means that the fund will no longer be traded on the NEPSE exchange as well.
The fund has made investments in listed shares worth Rs. 95.03 lakhs and in public issues worth Rs. 68,858.29 lakhs. The fund currently has Rs. 3 crores in fixed deposits. The fund has a bank balance of Rs. 15.36 crores and other assets worth Rs. 42.10 lakhs, which leaves it with Rs. 15.36 crores in cash.
During the month of Bhadra, the fund suffered a loss of Rs. 30.9 lakhs.