Laxmi Equity Fund (LEMF), a closed-end 7-year equity-oriented mutual fund scheme administered by Laxmi Capital Market Limited, showed a modest increase in NAV to Rs. 10.03 at the end of Chaitra from Rs. 9.93 the previous month.
The plan started with a fund amount of Rs. 1.25 crore. Arba has invested Rs. 77.67 crores in publicly traded shares of several firms.
LEMF has invested Rs. 15.36 lakh in IPOs and Rs. 5.41 crore in bonds/debentures. This mutual fund has Rs. 13.5 crores in fixed deposits and a bank balance of Rs. 27.78 crores.
It declared a net loss of Rs. 20.17 crores until the end of Chaitra. The previous month’s loss was Rs. 21.36 crores.