Citizens Mutual Fund-1 (CMF1), a 7-year closed-end mutual fund scheme has published its monthly report for the month of Baisakh, 2079. The mutual fund is the first mutual fund of CBIL Capital. The scheme is managed by CBIL Capital with Citizens Bank International as the fund sponsor.
As per the report, a mutual fund has reported a fall in Net Assets Value (NAV) to Rs. 9.09 from Rs. 10.05. The scheme which began with a fund size of Rs. 82 crore has invested Rs. 55.89 crores in the shares of listed companies and Rs. 21.7 lakhs in non-listed shares.
This scheme has invested Rs. 3 crore in fixed return assets and has Rs. 5.09 crores in the bank balance.
It has reported a net loss of Rs. 11.56 crores till Baisakh….
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