Global IME Samunnat Scheme-1 (GIMES1), a closed-ended 7 years mutual fund scheme managed by Global IME Capital Limited, has reported a rise in its Net Asset Value (NAV) till the end of Kartik.
As per the financial report published today, the mutual fund scheme’s NAV has fallen to Rs. 22.98 till the end of Kartik from Rs. 21.33 in the month before that.
The scheme, which was launched with a total fund of Rs. 1 Arba, has invested Rs. 2.15 Arba in the shares of listed companies. It has invested Rs. 4.82 crores in non-listed shares as of Kartik’s end. Similarly, it has invested Rs. 7.47 crores in debentures.
The fund has reported a net profit of Rs. 18.19 crores till the month of Kartik. In the month before that, the fund saw a net profit of slightly over Rs 1.68 crores.
Similarly, the NAV report of “Mega Mutual Fund 1” has also been unveiled.
The public issue of “Mega Mutual Fund 1” was recently allotted to applicants. The issue had opened on 4th Bhadra and closed on 10th Bhadra, 2078, at the end of banking hours. “Mega Mutual Fund 1” is a closed-end fund, meaning it can be traded in NEPSE. The fund has a maturity period of 10 years.
10 crore units were issued at a par value of Rs. 10 per unit. The issue was oversubscribed more than 2.37 times and was resized to 125% of its initial size, given the oversubscription.
Thus, the issue began with a fund size of Rs. 1.5 Arba, and has invested Rs. 30.11 crores in listed shares in Kartik. Rs. 1.05 crores have been invested in non-listed shares and Rs. 12.5 crores in debentures. The fund has Rs. 88.47 crores worth of bank deposits, and Rs. 24.37 lakhs of other assets.
The fund has reported a NAV of Rs. 10.11 in Kartik, compared to the NAV of Rs. 9.99 in the month before that. It has reported a net profit of a little over Rs. 1.39 crores in Kartik. In the month before that, it was at a net loss of Rs. 15.38 lakhs.