Citizens Mutual Fund-1 (CMF1) and Citizens Mutual Fund-2 (CMF2) Report Net Losses in Magh

Citizens Mutual Fund-1 (CMF1) and Citizens Mutual Fund-2 (CMF2) Report Net Losses in Magh

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Citizens Mutual Fund-1 (CMF1), a 7-year closed-end mutual fund scheme has published its monthly report for the month of Magh, 2078. 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 10.94 from Rs 11.53. The scheme which began with a fund size of Rs 82 crore has invested Rs 64.20 crores in the shares of listed companies and Rs 9.21 lakhs in non-listed shares.

This scheme has invested Rs 3 crore in fixed return assets and has Rs 5.13 crores in the bank balance.

It has reported a net loss of Rs 3.04 crores till Magh. The fund had reported a net profit of Rs. 1.81 crores in the previous month.

Citizens Mutual Fund-2 (CMF2) is CBIL Capital Limited’s second mutual fund scheme and is a 7-year closed-end fund. The recently launched scheme has published its NAV report for the month of Magh, 2078. The scheme is managed by CBIL Capital with Citizens Bank International as the fund sponsor.

As per the report, the mutual fund has reported a fall in its Net Assets Value (NAV) to Rs 11.97 till Magh’s end from Rs 12.56 in the month before that. The scheme, which began with a fund size of Rs 1 Arba has invested Rs 47.26 crore in the shares of listed companies and Rs 6.33 lakhs in non-listed shares.

This scheme has invested Rs 5 crore in fixed return assets and has Rs 6.48 crores in the bank balance.

It has reported a net loss of Rs 1.19 crores till Magh’s end. It had reported a net profit of Rs 2.12 crores in the previous month.