Nabil Balanced Fund-1 (NBF1), a closed-end 5 years mutual fund scheme
managed by Nabil Investment Banking Limited, has reported a growth of
its net asset value (NAV) as it rose to Rs 15.08 in the month of
Mangsir, up from Rs 14.62 posted in Kartik.
The scheme, which began with a total fund of Rs 50 crore, invested Rs 69.42 crore in the listed shares, Rs 11.44 crore in bonds, and Rs 7.07 crore in the unlisted securities. The scheme has invested Rs 7.50 crore in fixed deposits and has Rs 16.47 crore as cash balance in different commercial banks.
However, the scheme is undervalued in the secondary market as it been hovering around Rs 13 per unit, which is below NAV.
It closed at Rs 13 at NEPSE yesterday.
Lack of awareness among the investors among the benefits of mutual funds is one of the major reasons behind the underestimation of such schemes, according to analysts.
Among the other mutual funds listed in the share market, Siddhartha Investment Growth Scheme 1 (SIG1) is also trading below par due to similar reasons.
source: sharesansar,23 dec 2014
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The scheme, which began with a total fund of Rs 50 crore, invested Rs 69.42 crore in the listed shares, Rs 11.44 crore in bonds, and Rs 7.07 crore in the unlisted securities. The scheme has invested Rs 7.50 crore in fixed deposits and has Rs 16.47 crore as cash balance in different commercial banks.
However, the scheme is undervalued in the secondary market as it been hovering around Rs 13 per unit, which is below NAV.
It closed at Rs 13 at NEPSE yesterday.
Lack of awareness among the investors among the benefits of mutual funds is one of the major reasons behind the underestimation of such schemes, according to analysts.
Among the other mutual funds listed in the share market, Siddhartha Investment Growth Scheme 1 (SIG1) is also trading below par due to similar reasons.
source: sharesansar,23 dec 2014
LINK
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