March 29, 2023 | Investopaper
Citizens Mutual Fund-1 (CMF1) has reported a Net Asset Value (NAV) of Rs 9.18 until the end of Falgun, 2079 BS. As per the monthly report, the scheme has disclosed a decline in NAV as compared to the end of the previous month. As of Magh’s end 2079 BS, the NAV stood at Rs 9.49.
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CMF1 has a total investment of Rs 48.67 crores in stocks of listed companies. Such investment stood at Rs 47.43 crores in the previous month. Likewise, the scheme has invested Rs 15.75 crores in debenture/bonds and Rs 4.75 crores in the fixed deposits. As of the end of Falgun, CMF1 has a bank balance of Rs 2.60 crores.
In the first eight months of the current fiscal year 2079/80, CMF1 scheme has posted a gross profit of Rs 34.87 lakhs. In the fiscal year 2077/78, the scheme had distributed a 40 percent cash dividend to its unit-holders.
Citizens Mutual Fund-1 (CMF1) is a close ended-mutual fund scheme operated by the fund manager CBIL Capital Limited under Citizens Mutual Fund. The fund has a size of Rs 82 crores. It has a maturity period of 7 years. The fund will retire on Falgun 19, 2081 BS.
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