How Did Mutual Fund Perform in the Month of Bhadra? A Complete Analysis of Multiple Factors
Tue, Oct 3, 2023 4:59 PM on Mutual Fund, SS Pro, Featured,
There are currently 35 closed-end mutual funds listed on the Nepal Stock Exchange, whereas 7 open-end schemes are traded directly in the respective fund manager. "Siddhartha Investment Growth Scheme - 3 (SIGS3)” and "Himalayan 80-20 (H8020)" have issued their units to the general public but are yet to be listed for trading in NEPSE, upon which there will be 44 schemes altogether.
Click here for a detailed list of Mutual funds.
Mutual Funds have an investment in listed/unlisted companies of Rs. 26.34 Arba in the month of Bhadra compared to Rs. 25.87 Arba in Shrawan, 2080.
Similarly, the mutual fund bank balance decreased to Rs. 8.13 Arba in Bhadra from Rs. 8.87 Arba in Shrawan. Mutual Funds have invested in debentures and bonds amounting to Rs. 3.73 Arba. Similarly, the funds also have invested 2.93% in primary shares/Rights which amounts to Rs. 1.30 Arba.
The top investments by mutual funds irrespective of sectors in the month of Bhadra are as follows:
The topmost bought stocks in Bhadra by the overall mutual fund industry are as follows:
The topmost sold stocks in Bhadra by the overall mutual fund industry are as follows:
Sector-wise Breakdown
Mutual funds had significant holdings in various sectors as of the end of Bhadra. Investment in the commercial banking industry accounts for the highest sector-wise investment of Rs. 7.43 Arba, making up 28.18% of total investment. Likewise, they have an investment of Rs. 3.7 Arba in shares of the Life Insurance sector, accounting for 14.03% of the total investment. The Non-Life Insurance sector stands at the third-highest investment priority for mutual funds with an investment worth Rs. 3.63 Arba, contributing 13.79% of total investments.
Smaller allocations were observed in sectors like microfinance, manufacturing and products, promoter share, and others. These sector-wise holdings provide insight into the diversification strategies employed by mutual funds and their preferences for sector exposure.
Commercial Banks:
Among the commercial banks, NIC Asia Bank Limited (NICA) is seen as the top priority for investment by mutual funds. It accounts for an investment worth Rs. 1.07 Arba. Sanima Bank Limited (SANIMA) stands in the second position with an investment of Rs. 76.92 crores. Machhapuchchhre Bank Limited (MBL) stands in the third position with an investment of Rs. 51.8 crores.
Development Banks:
As for the development banks, Garima Bikas Bank Limited (GBBL) has the highest investment preference among mutual funds. The mutual funds have invested an amount worth Rs. 55.43 crores. Muktinath Bikas Bank Limited (MNBBL) is seen in the second position with an investment worth Rs. 47.24 crores. Shine Resunga Development Bank Limited (SHINE) has an investment of Rs. 33.46 crores in the third position.
Finance:
As for the finance companies, the top two investments were Manjushree Finance Limited (MFIL) and ICFC Finance Limited (ICFC). Mutual funds invested Rs. 10.86 Crores in MFIL, and Rs. 4.18 Crores in ICFC.
Hotels and Tourism:
Among the five listed hotels and the tourism sector in NEPSE, mutual funds have given higher priority to Soaltee Hotel Limited (SHL) with an investment of Rs. 9.3 crores.
Hydropower Companies:
The inclination of investment in hydropower companies for mutual funds was in Sanima Mai Hydropower Limited (SHPC) with an investment of Rs. 28.55 crores, Chilime Hydropower Company Limited (CHCL) with an investment of Rs. 20.51 crores, and API Power Company Limited (API) with an investment of Rs. 13.2 crores.
Life Insurance Companies:
Among the life insurance companies in Nepal, National Life Insurance Company Limited (NLICL), Asian Life Insurance Company Limited (ALICL), and Life Insurance Corporation Limited (LICN) are the investment companies of top priority for mutual funds. Mutual Fund schemes have around Rs. 90.50 crore in investments in NLICL, Rs. 58.7 crore in investments in ALICL, and Rs. 56.41 crore in LICN.
Manufacturing and Products:
Mutual Funds have invested Rs. 23.95 crores in Shivam Cements Limited (SHIVM), Rs. 13.85 crores in Unilever Nepal Limited (UNL), and Rs. 12.23 crores in Himalayan Distillery Limited (HDL) as of Bhadra, 2080.
Microfinance Companies:
Mutual Fund:
The mutual fund schemes also invest in other mutual funds. Sunrise Focused Equity Fund (SFEF) falls under the highest investment value mutual fund. It has an investment of Rs. 19.72 crores. Citizens Super 30 Mutual Fund (C30MF) has the second-highest equity fund with a value of Rs. 18.67 crores. Finally, NIBL Growth Fund (NIBLGF) stood third-highest investment of Rs. 14.42 crores.
Non-life insurance companies:
Among the non-life insurance companies in Nepal, Neco Insurance Company Limited (NIL), Sagarmatha Lumbini Insurance Company Limited (SALICO), and Siddhartha Premier Insurance Limited (SPIL) are the investment companies of top priority for mutual funds. Mutual Fund schemes have around Rs. 82.57 crore investments in NIL, Rs. 61.42 crore in SALICO, and Rs. 59.16 crore in SPIL.
Promoter shares:
Similarly, the promoter share as per the choice of mutual funds are:
Others:
As for the other sector, mutual funds have invested Rs. 33.05crores in Nepal Doorsanchar Company Limited (NTC), and Rs. 25.73 crores in Nepal Reinsurance Company Limited (NRIC)
Investment:
As for the Investment sector, Citizen Investment Trust (CIT) has the highest investment worth Rs. 27.77 crores. Similarly, CEDB Hydropower Development Company Limited (CHDC) stands in the second position with an investment of Rs. 8.35 crores.
Change in NAV:
NAV stands for Net Asset Value which represents a fund’s per unit market value. Investors use this value to transact a particular mutual fund in the market. Since the NAV is calculated by subtracting all the liabilities from the total value of all the assets in a portfolio, the value changes in accordance with the change in their asset and liabilities.
In the month of Bhadra, 2080, NIC Asia Dynamic Debt Fund (NADDF) NAV gained the highest by 0.40% while KEF lost the highest by 9.99%.
| S. No. | Mutual Fund | Symbol | NAV as of Bhadra | NAV as of Shrawan | Price Change | % Change |
|---|---|---|---|---|---|---|
| 1 | NIC Asia Dynamic Debt Fund | NADDF | 10.06 | 10.02 | 0.04 | 0.40% |
| 2 | Laxmi Value Fund-II | LVF2 | 9.94 | 0 | 0 | 0.00% |
| 3 | Kumari Sunaulo Lagani Yojana | KSLY | 10.40 | 10.42 | -0.02 | -0.19% |
| 4 | Siddhartha Systematic Investment Scheme | SSIS | 8.83 | 8.85 | -0.02 | -0.23% |
| 5 | Nabil Flexi Cap Fund | NFCF | 9.56 | 9.6 | -0.04 | -0.42% |
| 6 | Sanima Growth Fund | SAGF | 10.1 | 10.15 | -0.05 | -0.49% |
| 7 | RBB Mutual Fund 2 | RMF2 | 10.03 | 10.09 | -0.06 | -0.59% |
| 8 | Global IME Balance Fund-I | GIBF1 | 9.76 | 9.82 | -0.06 | -0.61% |
| 9 | Shubha Laxmi Kosh | SLK | 9.69 | 9.75 | -0.06 | -0.62% |
| 10 | NIC ASIA Balanced Fund | NICBF | 11.10 | 11.18 | -0.08 | -0.72% |
| 11 | Prabhu Select Fund | PSF | 10.82 | 10.90 | -0.08 | -0.73% |
| 12 | Prabhu Smart Fund | PRSF | 10.45 | 10.54 | -0.09 | -0.85% |
| 13 | NMB Saral Bachat Fund - E | NMBSBF | 9.23 | 9.32 | -0.09 | -0.97% |
| 14 | NIBL Growth Fund | NIBLGF | 9.98 | 10.08 | -0.1 | -0.99% |
| 15 | Sanima Equity Fund | SAEF | 12.72 | 12.86 | -0.14 | -1.09% |
| 16 | NIC Asia Growth Fund | NICGF | 11.67 | 11.81 | -0.14 | -1.19% |
| 17 | RBB Mutual Fund 1 | RMF1 | 9.36 | 9.48 | -0.12 | -1.27% |
| 18 | NIBL Samriddhi Fund - 2 | NIBSF2 | 9.01 | 9.13 | -0.12 | -1.31% |
| 19 | NIC Asia Select-30 | NICSF | 10.44 | 10.58 | -0.14 | -1.32% |
| 20 | Nabil Equity Fund | NEF | 10.44 | 10.58 | -0.14 | -1.32% |
| 21 | NIC Asia Flexi Cap Fund | NICFC | 10.34 | 10.48 | -0.14 | -1.34% |
| 22 | Sanima Large Cap Fund | SLCF | 9.40 | 9.53 | -0.13 | -1.36% |
| 23 | Sunrise Focused Equity Fund | SFEF | 10.03 | 10.17 | -0.14 | -1.38% |
| 24 | Siddhartha Investment Growth Scheme 3 | SIGS3 | 10.12 | 10.27 | -0.15 | -1.46% |
| 25 | NIBL Pragati Fund | NIBLPF | 10.32 | 10.48 | -0.16 | -1.53% |
| 26 | Nabil Balanced Fund III | NBF3 | 8.76 | 8.90 | -0.14 | -1.57% |
| 27 | Sunrise First Mutual Fund | SFMF | 12.65 | 12.90 | -0.25 | -1.94% |
| 28 | NIBL Sahabhagita Fund | NIBLSF | 10.01 | 10.21 | -0.2 | -1.96% |
| 29 | Citizens Super 30 Mutual Fund | 30CSMF | 10.25 | 10.46 | -0.21 | -2.01% |
| 30 | Laxmi Unnati Kosh | LUK | 9.69 | 9.89 | -0.2 | -2.02% |
| 31 | NMB Sulav Investment Fund - II | NSIF2 | 10.82 | 11.05 | -0.23 | -2.08% |
| 32 | Laxmi Equity Fund | LEMF | 9.61 | 9.82 | -0.21 | -2.14% |
| 33 | NMB Hybrid Fund L- 1 | NMBHF1 | 11.79 | 12.06 | -0.27 | -2.24% |
| 34 | Mega Mutual Fund - 1 | MMF1 | 8.63 | 8.83 | -0.2 | -2.27% |
| 35 | NMB 50 | NMB50 | 11.93 | 12.22 | -0.29 | -2.37% |
| 36 | Sunrise Bluechip Fund | SBCF | 9.68 | 9.92 | -0.24 | -2.42% |
| 37 | Nabil Balanced Fund - 2 | NBF2 | 10.29 | 10.61 | -0.32 | -3.02% |
| 38 | Citizens Mutual Fund-1 | CMF1 | 9.75 | 10.08 | -0.33 | -3.27% |
| 39 | Kumari Dhanabriddhi Yojana | KDBY | 10.19 | 10.87 | -0.68 | -6.26% |
| 40 | Siddhartha Equity Fund | SEF | 9.62 | 10.34 | -0.72 | -6.96% |
| 41 | Siddhartha Investment Growth Scheme-2 | SIGS2 | 9.59 | 10.47 | -0.88 | -8.40% |
| 42 | Citizens Mutual Fund - 2 | CMF2 | 9.46 | 10.49 | -1.03 | -9.82% |
| 43 | Kumari Equity Fund | KEF | 9.73 | 10.81 | -1.08 | -9.99% |
All the data are generated from SSpro Software. To learn more about the software, click on the link below
Disclaimer: Any kind of information that is provided in the article should not be used as sole advice or recommendation by investors in order to design their investment portfolio. So, before taking steps for any kind of information, the investors are required to base their judgment on their financial analysis, the appropriateness of the information, and seek independent financial advice. The information about the company has been taken from authorized sources like the website of the company. NEPSE, financial reports, and press releases of the companies. So, any changes not updated in these may differ in the analysis.
