How Did Mutual Fund Perform in the Month of Chaitra? A Complete Analysis of Multiple Factors
Sun, Apr 30, 2023 7:27 AM on Mutual Fund, SS Pro, Stock Market, Exclusive,
There are currently 39 mutual funds, whereas 7 open-end schemes are traded directly in the respective fund manager, and the remaining are listed on Nepal Stock Exchange. Click here for a detailed list of Mutual funds.
Mutual Funds have an investment in listed/unlisted companies of Rs. 20.65 Arba in the month of Chaitra compared to Rs. 20.48 Arba in Falgun, 2079.
Similarly, the mutual fund bank balance increased to Rs. 8.794 Arba in Chaitra from Rs. 8.452 Arba in Falgun. Mutual Funds have invested in debentures and bonds amounting to Rs. 3.5 Arba. Similarly, the funds also have invested 3.32% in primary shares/Rights which amounts to Rs. 1.281 Arba.
The top investments by mutual funds irrespective of sectors in the month of Chaitra are as follows:
The topmost bought stocks in Chaitra by the overall mutual fund industry are as follows:
The topmost sold stocks in Chaitra by the overall mutual fund industry are as follows:
Sector-wise Breakdown
Investment in the commercial banking industry accounts for the highest sector-wise investment of Rs. 6.741 Arba, making up 33.37% of total investment. Likewise, they have an investment of Rs. 2.307 Arba in shares of the Microfinance sector, accounting for 11.42% of the total investment. The Non-life Insurance sector stands at the third-highest investment priority for mutual funds with an investment worth Rs. 2.087 Arba, contributing 10.33% of total investments.
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. 1.016 Arba. Sanima Bank Limited (SANIMA) stands in the second position with an investment of Rs. 63.16 crores. Prabhu Bank Limited (PRVU) stands in the third position with an investment of Rs. 49.79 crores.
Development Banks:
As for the development banks, Muktinath Bikas Bank Limited (MNBBL) has the highest investment preference among mutual funds. The mutual funds have invested an amount worth Rs. 45.76 crores. Garima Bikas Bank Limited (GBBL) is seen in the second position with an investment worth Rs. 44.33 crores. Shine Resunga Development Bank Limited (SHINE) has an investment of Rs. 18.97 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. 8.82 Crores in MFIL, and Rs. 4.39 Crores in ICFC.
Hotels and Tourism:
Among the four listed hotels and the tourism sector in NEPSE, mutual funds have given higher priority to Oriental Hotels Limited (OHL) with an investment of Rs. 3.68 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. 24.05 crores, Chilime Hydropower Company Limited (CHCL) with an investment of Rs. 21.38 crores, and Arun Kabeli Power Limited (AKPL) with an investment of Rs. 15.18 crores.
Life Insurance Companies:
Among the life insurance companies in Nepal, National Life Insurance Company Limited (NLICL), Life Insurance Corporation Limited (LICN), and Nepal Life Insurance Company Limited (NLIC) are the investment companies of top priority for mutual funds. Mutual Fund schemes have around Rs. 65.36 crores in investments in NLICL, Rs. 38.89 crores in investments in LICN, and Rs. 36.81 crore in NLIC.
Manufacturing and Products:
Mutual Funds have invested Rs. 23.73 crores in Himalayan Distillery Limited (HDL), Rs. 17.45 crores in Shivam Cements Limited (SHIVM), and Rs. 7.14 crore in Unilever Nepal Limited (UNL) as of Chaitra, 2079.
Microfinance Companies:
Among the listed microfinance companies, Chhimek Laghubitta Bittiya Sanstha Limited (CBBL), Sana Kisan Laghubitta Bittiya Sanstha Limited (SKBBL), and Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) were the top three investment priorities for mutual funds. Mutual Funds invested Rs. 47.72 crore in CBBL, Rs. 24.8 crore in SKBBL, and Rs. 24.01 crore in NUBL.
Mutual Fund:
The mutual fund schemes also invest in other mutual funds. Sanima Growth Fund (SAGF) falls under the highest investment value mutual fund. It has an investment of Rs. 11.4 crores. Global IME Balance Fund-I (GIBF1) has the second-highest equity fund with a value of Rs. 7.25 crores. Finally, NMB Sulav Investment Fund - II (NSIF2) stood third-highest investment of Rs. 6.69 crores.
Non-Life Insurance companies:
Among the non-life insurance companies in Nepal, Neco Insurance Company Limited (NIL), Siddhartha Premier Insurance Limited (SPIL), and NLG Insurance Company Limited (NLG) are the investment companies of top priority for mutual funds. Mutual Fund schemes have around Rs. 61.35 crore investments in NIL, Rs. 43.13 crore in SPIL, and Rs. 20.1 crore in NLG.
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. 25.71 crores in Nepal Reinsurance Company Limited (NRIC), and Rs. 15.26 crores in Nepal Doorsanchar Company Limited (NTC).
Investment:
As for the Investment sector, Citizen Investment Trust (CIT) has the highest investment worth Rs. 28.22 crores. Similarly, Nepal Infrastructure Bank Limited (NIFRA) stands in the second position with an investment of Rs. 7.57 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 Chaitra, 2079, Sanima Equity Fund (SAEF) NAV lost the highest by 6.76% followed by NBF2 which has fallen by 6.59%.
| S.No. | Mutual Fund | Symbol | NAV as of Chaitra 2079 | NAV as of Falgun 2079 | Price Change | % Change |
|---|---|---|---|---|---|---|
| 1 | RBB Mutual Fund 1 | RMF1 | 9.09 | 8.93 | 0.16 | 1.79% |
| 2 | Kumari Dhanabriddhi Yojana | KDBY | 10.44 | 10.32 | 0.12 | 1.16% |
| 3 | Siddhartha Systematic Investment Scheme | SSIS | 8.27 | 8.18 | 0.09 | 1.10% |
| 4 | Laxmi Equity Fund | LEMF | 10.03 | 9.93 | 0.1 | 1.01% |
| 5 | Prabhu Select Fund | PSF | 10.29 | 10.19 | 0.1 | 0.98% |
| 6 | Sanima Growth Fund | SGF | 9.96 | 9.87 | 0.09 | 0.91% |
| 7 | Sanima Equity Fund | SAEF | 12.25 | 12.14 | 0.11 | 0.91% |
| 8 | Mega Mutual Fund - 1 | MMF1 | 8.31 | 8.25 | 0.06 | 0.73% |
| 9 | Sanima Large Cap Fund | SLCF | 9.18 | 9.12 | 0.06 | 0.66% |
| 10 | NMB Hybrid Fund L- 1 | NMBHF1 | 11.11 | 11.04 | 0.07 | 0.63% |
| 11 | Sunrise Focused Equity Fund | SFEF | 9.97 | 9.92 | 0.05 | 0.50% |
| 12 | NIC Asia Flexi Cap Fund | NICFC | 10.13 | 10.08 | 0.05 | 0.50% |
| 13 | NIC Asia Select-30 | NICSF | 10.15 | 10.1 | 0.05 | 0.50% |
| 14 | Kumari Equity Fund | KEF | 10.28 | 10.23 | 0.05 | 0.49% |
| 15 | NMB 50 | NMB50 | 11.07 | 11.02 | 0.05 | 0.45% |
| 16 | Nabil Balanced Fund - 2 | NBF2 | 9.82 | 9.78 | 0.04 | 0.41% |
| 17 | Nabil Equity Fund | NEF | 9.89 | 9.85 | 0.04 | 0.41% |
| 18 | NIBL Growth Fund | NIBLGF | 9.89 | 9.86 | 0.03 | 0.30% |
| 19 | NIC Asia Dynamic Debt Fund | NADDF | 10.53 | 10.5 | 0.03 | 0.29% |
| 20 | NMB Sulav Investment Fund - II | NSIF2 | 10.2 | 10.18 | 0.02 | 0.20% |
| 21 | NIBL Samriddhi Fund - 2 | NIBSF2 | 8.62 | 8.61 | 0.01 | 0.12% |
| 22 | Citizens Mutual Fund-1 | CMF1 | 9.19 | 9.18 | 0.01 | 0.11% |
| 23 | Laxmi Unnati Kosh | LUK | 10.25 | 10.24 | 0.01 | 0.10% |
| 24 | Nabil Balanced Fund III | NBF3 | 8.44 | 8.44 | 0 | 0.00% |
| 25 | NIC ASIA Balanced Fund | NICBF | 10.73 | 10.73 | 0 | 0.00% |
| 26 | Shubha Laxmi Kosh | SLK | 9.67 | 9.67 | 0 | 0.00% |
| 27 | Kumari Sunaulo Lagani Yojana | KSLY | 9.95 | 0 | 0 | 0.00% |
| 28 | Prabhu Smart Fund | PSMF | 10.02 | 0 | 0 | 0.00% |
| 29 | NIC Asia Growth Fund | NICGF | 11.23 | 11.25 | -0.02 | -0.18% |
| 30 | NIBL Sahabhagita Fund | NIBLSF | 10.22 | 10.24 | -0.02 | -0.20% |
| 31 | Global IME Balance Fund-I | GIBF1 | 9.74 | 9.76 | -0.02 | -0.20% |
| 32 | Nabil Flexi Cap Fund | NFCF | 9.63 | 9.65 | -0.02 | -0.21% |
| 33 | Sunrise Bluechip Fund | SBCF | 9.17 | 9.19 | -0.02 | -0.22% |
| 34 | Sunrise First Mutual Fund | SFMF | 12.04 | 12.07 | -0.03 | -0.25% |
| 35 | NMB Saral Bachat Fund - E | NMBSBF | 8.98 | 9.02 | -0.04 | -0.44% |
| 36 | NIBL Pragati Fund | NIBLPF | 9.81 | 9.87 | -0.06 | -0.61% |
| 37 | Siddhartha Investment Growth Scheme-2 | SIGS2 | 9.85 | 9.93 | -0.08 | -0.81% |
| 38 | Citizens Mutual Fund - 2 | CMF2 | 9.83 | 9.92 | -0.09 | -0.91% |
| 39 | Siddhartha Equity Fund | SEF | 9.76 | 9.86 | -0.1 | -1.01% |
Analyzing the pattern of investment of mutual fund schemes can help investors design their own investment portfolios, and customize them on the basis of risk-taking capacity. It is also helpful for relatively new investors to make buy/sell decisions based on the decisions of the mutual fund's schemes and safeguard themselves against some risk.
All the data are generated from SSpro Software. To know 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.
