MBL Equity Fund NAV Declines to Rs. 10.36

MBL Equity Fund has published its Net Asset Value (NAV) report for the month of Bhadra. The 12-year closed-end mutual fund scheme, managed by Machhapuchchhre Capital Limited, recorded a NAV of Rs. 10.36 as of the end of Bhadra, compared to Rs. 10.60 in the previous month.

According to the financial report, the fund, which began with a size of Rs. 1.21 Arba, has invested Rs. 95.61 crores in listed company shares, Rs. 12 crores in fixed deposits, and holds Rs. 16.06 crores in bank balance.

The scheme posted a loss of Rs. 95.48 lakhs in Bhadra, in contrast to a profit of Rs. 1.93 crores in the previous month.

Fund managers noted that the decline in NAV was mainly due to market volatility and falling stock prices.