Feature Finance

Citizens Mutual Fund-1 and Fund-2 NAV increased; how much is the investment?

Kathmandu, March 25

The net asset value (NAV) of Citizens Mutual Fund-1, which operates under Citizens Mutual Fund, has increased in Falgun.

As per the financial statements which was published for the month of Falgun, the mutual fund’s net profit raised by Rs 1.04 and reached to Rs 13.82. On Magh, the net profit was Rs 12.76.

The fund, managed by CBIL Capital, has made a total investment of Rs. 86 crore 2 lakh till Falgun. Of this, Rs 73 crore 37 lakh is in listed securities, Rs 34 crore 57 lakh in outstanding securities and Rs 12 crore 30 lakh in fixed income instruments. As of Magh, the fund had invested only Rs 74 crore 86 lakh.

The total income of the fund till Falgun is Rs. 29 crore 86 lakh. Till Magh, the total income was Rs. 21 crore 15 lakh.

The fund promoter is Citizens Bank Limited. The fund includes investments in commercial banks, development banks, financial institutions, hotels and tourism, hydropower, life insurance, non-life insurance, microfinance, collective investment funds, production and processing, bonds and debentures, investments and other groups.

Similarly, the per unit net asset value (NAV) of Citizens Mutual Fund-2 operated under Citizens Mutual Fund has also increased in Falgun.

As per the financial statement published for the month of Falgun, the mutual fund’s net profit raised by 98 paisa and reached to Rs 14.49. On Magh, the net profit was Rs 13.51.

The fund, managed by CBIL Capital, has made a total investment of Rs 62 crore 62 lakh till Falgun. Of this, Rs 53 crore 99 lakh is in listed securities, Rs 23 lakh 11 thousand in outstanding securities and Rs 8 crore 40 lakh in fixed income instruments. As of Magh, the fund had invested only Rs 47 crore 14 lakh.

The total income of the fund till Falgun is Rs. 24 crore 37 lakh. Till Magh, the total income was Rs. 18 crore 86 lakh.

The fund promoter is Citizens Bank Limited. The fund includes investments in commercial banks, development banks, financial institutions, hotels and tourism, hydropower, life insurance, non-life insurance, microfinance, collective investment funds, production and processing, bonds and debentures, investments and other groups.