The Kumari Equity Fund had a profit of 17.5 million.
Aug 27
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By mid-July, Kumari Equity Fund had already turned a profit of over 175 million rupees, and it was scheduled to deliver a 9.5 percent return, tax included, from its profits from the previous year. The strategy has generated a profit of about 90 million 29 lakh rupees by the end of June, and it has further boosted its profit in July.
By the end of July, the scheme had earned over 17 million 75 million rupees, up from a total income of over 11 million 15 million rupees in June. Over 1 crore 86 lakh rupees were spent in total until the end of June, and over 20 lakh 54 thousand rupees were spent until the end of July. The scheme's net price per unit has increased in addition to the profit.
Up until the middle of June, the scheme's net price per unit was 10 rupees 96 paisa; however, by the middle of July, it was 12 rupees 71 paisa. The primary goal of this 10-year closed-end plan was to invest in the securities market, and it had issued 100 million units. The plan has invested a total of one billion and fifteen million rupees in securities as of the end of July.
Up until this point, the program has not made any investments in bank fixed deposits. The market value of securities investments exceeds one billion ninety-eight million rupees. Investments in securities have a market value that is marginally higher than their actual value.