Laxmi Capital Market Limited has announced that it will distribute dividends to its mutual fund scheme, Laxmi Unnati Kosh (LUK), for the financial year 2079-80. The company’s Board of Directors decided to provide a 9.5 percent cash dividend to the unit holders, which includes taxes.
NIBL Pragati Fund (NIBLPF), a 7-year closed-end mutual fund scheme, has reported an increase in its Net Asset Value (NAV) for the month of Ashad.
The financial report reveals that the NAV of the mutual fund scheme has risen to Rs. 10.68 at the end of Ashad, 2080, compared to Rs. 10.28 in the previous month. The scheme began with a total fund of Rs. 75 crore and made investments of Rs. 49.40 crore in listed shares and Rs. 14.46 crore in public issues, right shares, and bonus shares. It also holds Rs. 15.35 crores in its bank balance.
NIC Asia Balanced Fund (NICBF), a 10-year close-end mutual fund scheme managed by NIC Asia Capital, has released its financial highlights for the month of Ashad. The Net Asset Value (NAV) for the period is Rs. 11.28, showing an increase from Rs. 10.96 a month ago.
At the beginning of the scheme, the total fund size was Rs. 75.50 crores, which included seed capital from the fund sponsor. NICBF has made investments of Rs. 39.22 crores in shares of listed companies and Rs. 21.77 crores in debentures. Additionally, it has invested Rs. 50.98 lakhs in non-listed shares, while maintaining a bank balance of Rs. 22.16 crores.
The scheme started with a total fund of Rs. 1.50 Arba and made various investments. It invested Rs. 1.17 Arba in listed shares and Rs. 2.98 crores in public issues, right shares, and bonus shares. Additionally, it invested Rs. 6.54 crore in bonds and debentures and Rs. 12.5 crore in fixed deposits. The scheme also has Rs. 19.55 crores in its bank balance. Up until the month of Ashad, the scheme posted a net profit of Rs. 7.62 Crores. In the previous month, it incurred a net loss of Rs. 3.11 Crores.
The NMB Saral Bachat Fund – E (NMBSBF) recently released its NAV report. This mutual fund operates as an open-ended fund with no maturity period, allowing the fund manager to increase its size as needed. As of Ashad, the fund size has grown to Rs. 1.24 Arba from Rs. 1.17 Arba in the previous month. The Net Asset Value (NAV) in Ashad is Rs. 9.52, showing an increase from Rs. 9.25 in the previous month. The fund’s investments include Rs. 80.74 crore in listed shares, Rs. 63.58 lakhs in public issues, and Rs. 16.05 crore in fixed deposits. Moreover, the fund has Rs. 14.22 crores in the bank and holds bond/debentures worth Rs. 6.76 crores.
The Securities Board of Nepal (SEBON) has given its approval for the “Himalayan 80-20” mutual fund scheme, which is valued at Rs 1 Arba. This closed-end scheme will offer 10 crore unit shares with a par value of Rs 10 per share. The scheme is sponsored by Himalayan Bank Limited (HBL) and managed by Himalayan Capital Limited. It is noteworthy that this is the first mutual fund scheme to be operated by Himalayan Capital.
Muktinath Capital has introduced a New Year Offer for its valued customers, in which customers can register with Muktinath PMS Service for a minimum duration of one year with an investment of at least three lakhs. In addition, existing Demat holders and new clients can enroll for lifetime Demat and Meroshare account service for Rs 1,499/-, a 25% savings off the present rate of Rs 1,999/-.
The Securities Exchange Board of Nepal (SEBON) has recently added “Global IME Samunnat Yojana -II” to its latest list of mutual fund scheme pipeline status.
The Global IME Samunnat Yojana-II will have a fund size of Rs. 1.2 Arba divided into 12 Crore units with a par value of Rs.10 each. On Chaitra 19, the application was submitted to SEBON. The mutual fund scheme’s fund manager is Global IME Capital. Global IME Bank, on the other hand, is the scheme’s Fund Sponsor.