Know How Did The Mutual Funds Perform in Baisakh, A Complete Analysis of Multiple Factors
Tue, May 30, 2023 3:41 PM on Mutual Fund, Exclusive,
There are currently 31 closed-end mutual funds listed on Nepal Stock Exchange, whereas 7 open-end schemes are traded directly in the respective fund manager. Prabhu Smart Fund (PSMF), Citizens Super 30 Mutual Fund (30CSMF), Siddhartha Investment Growth Scheme 3 (SIGS3), and RBB Mutual Fund 2 (RMF2), have recently issued their units to the general public but are yet to be listed for trading in NEPSE, upon which there will be 42 schemes altogether.
*Note: PSMF, 30CSMF and SIGS3 have published their monthly NAV report of Baisakh while RMF2 hasn't.
Click here for a detailed list of Mutual funds.
Mutual Funds have an investment in listed/unlisted companies of Rs. 20.46 Arba in the month of Baisakh, 2080 compared to Rs. 20.65 Arba in Chaitra, 2079.
Similarly, the mutual fund bank balance increased to Rs. 8.86 Arba in Baisakh from Rs. 8.79 Arba in Chaitra. Mutual Funds have invested in debentures and bonds amounting to Rs. 3.57 Arba. Similarly, the funds also have invested 3.54% in primary shares/Rights which amounts to Rs. 1.371 Arba.
The top investments by mutual funds irrespective of sectors in the month of Baisakh are as follows:
The topmost bought stocks in Baisakh by the overall mutual fund industry are as follows:
The topmost sold stocks in Baisakh 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. 6.63 Arba, making up 32.76% of total investment. Likewise, they have an investment of Rs. 2.22 Arba in shares of the Microfinance sector, accounting for 11% of the total investment. The Non-life Insurance sector stands at the third-highest investment priority for mutual funds with an investment worth Rs. 1.99 Arba, contributing 9.83% 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. 99.31 Crores. Sanima Bank Limited (SANIMA) stands in the second position with an investment of Rs. 61.31 crores. Prabhu Bank Limited (PRVU) stands in the third position with an investment of Rs. 46.6 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. 46.64 crores. Muktinath Bikas Bank Limited (MNBBL) is seen in the second position with an investment worth Rs. 45.29 crores. Shine Resunga Development Bank Limited (SHINE) has an investment of Rs. 20.09 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. 9.08 Crores in MFIL, and Rs. 4.22 Crores in ICFC.
Hotels and Tourism:
Among the five listed hotels and the tourism sector in NEPSE, mutual funds have given higher priority to Oriental Hotels Limited (OHL) with an investment of Rs. 4.84 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. 24.11 crores, Chilime Hydropower Company Limited (CHCL) with an investment of Rs. 21.53 crores, and Arun Kabeli Power Limited (AKPL) with an investment of Rs. 13.47 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. 67.68 crores in investments in NLICL, Rs. 39 crores in investments in LICN, and Rs. 37.9 crores in NLIC.
Manufacturing and Products:
Mutual Funds have invested Rs. 22.41 crores in Himalayan Distillery Limited (HDL), Rs. 19.88 crores in Shivam Cements Limited (SHIVM), and Rs. 7.69 crore in Unilever Nepal Limited (UNL) as of Baisakh, 2080.
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. 47.94 crore in CBBL, Rs. 25.95 crore in SKBBL, and Rs. 23.47 crore in NUBL.
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. 18.8 crores. NIBL Growth Fund (NIBLGF) has the second-highest equity fund with a value of Rs. 14.6 crores. Finally, Sanima Growth Fund (SAGF) stood third-highest investment of Rs. 9.67 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. 62.02 crore investments in NIL, Rs. 46.29 crore in SPIL, and Rs. 21.23 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. 23.2 crores in Nepal Reinsurance Company Limited (NRIC), and Rs. 21.13 crores in Nepal Doorsanchar Company Limited (NTC).
Investment:
As for the Investment sector, Citizen Investment Trust (CIT) has the highest investment worth Rs. 29.15 crores. Similarly, Nepal Infrastructure Bank Limited (NIFRA) stands in the second position with an investment of Rs. 7.09 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 Baisakh, 2080, Global IME Balance Fund-I (GIBF1) NAV lost the highest by 6.67% followed by CMF2 which has fallen by 5.19%.
| S.No. | Mutual Fund | Symbol | NAV as of Baisakh 2080 | NAV as of Chaitra 2079 | Price Change | % Change |
|---|---|---|---|---|---|---|
| 1 | Global IME Balance Fund-I | GIBF1 | 9.09 | 9.74 | -0.65 | -6.67% |
| 2 | Citizens Mutual Fund - 2 | CMF2 | 9.32 | 9.83 | -0.51 | -5.19% |
| 3 | Citizens Mutual Fund-1 | CMF1 | 8.78 | 9.19 | -0.41 | -4.46% |
| 4 | Shubha Laxmi Kosh | SLK | 9.26 | 9.67 | -0.41 | -4.24% |
| 5 | Siddhartha Investment Growth Scheme-2 | SIGS2 | 9.45 | 9.85 | -0.4 | -4.06% |
| 6 | Siddhartha Equity Fund | SEF | 9.37 | 9.76 | -0.39 | -4.00% |
| 7 | Nabil Balanced Fund - 2 | NBF2 | 9.44 | 9.82 | -0.38 | -3.87% |
| 8 | Sanima Large Cap Fund | SLCF | 8.87 | 9.18 | -0.31 | -3.38% |
| 9 | NMB Saral Bachat Fund - E | NMBSBF | 8.68 | 8.98 | -0.3 | -3.34% |
| 10 | Nabil Balanced Fund III | NBF3 | 8.16 | 8.44 | -0.28 | -3.32% |
| 11 | NMB 50 | NMB50 | 10.71 | 11.07 | -0.36 | -3.25% |
| 12 | Nabil Equity Fund | NEF | 9.57 | 9.89 | -0.32 | -3.24% |
| 13 | NIC Asia Growth Fund | NICGF | 10.87 | 11.23 | -0.36 | -3.21% |
| 14 | Sanima Equity Fund | SAEF | 11.86 | 12.25 | -0.39 | -3.18% |
| 15 | NIBL Pragati Fund | NIBLPF | 9.50 | 9.81 | -0.31 | -3.16% |
| 16 | Laxmi Equity Fund | LEMF | 9.72 | 10.03 | -0.31 | -3.09% |
| 17 | RBB Mutual Fund 1 | RMF1 | 8.82 | 9.09 | -0.27 | -2.97% |
| 18 | NIC ASIA Balanced Fund | NICBF | 10.42 | 10.73 | -0.31 | -2.89% |
| 19 | NIC Asia Flexi Cap Fund | NICFC | 9.84 | 10.13 | -0.29 | -2.86% |
| 20 | Siddhartha Systematic Investment Scheme | SSIS | 8.04 | 8.27 | -0.23 | -2.78% |
| 21 | Mega Mutual Fund - 1 | MMF1 | 8.08 | 8.31 | -0.23 | -2.77% |
| 22 | Nabil Flexi Cap Fund | NFCF | 9.37 | 9.63 | -0.26 | -2.70% |
| 23 | Laxmi Unnati Kosh | LUK | 9.98 | 10.25 | -0.27 | -2.63% |
| 24 | Kumari Equity Fund | KEF | 10.01 | 10.28 | -0.27 | -2.63% |
| 25 | NIBL Sahabhagita Fund | NIBLSF | 9.97 | 10.22 | -0.25 | -2.45% |
| 26 | Sunrise Bluechip Fund | SBCF | 8.95 | 9.17 | -0.22 | -2.40% |
| 27 | NIBL Samriddhi Fund - 2 | NIBSF2 | 8.42 | 8.62 | -0.2 | -2.32% |
| 28 | Sunrise First Mutual Fund | SFMF | 11.77 | 12.04 | -0.27 | -2.24% |
| 29 | Kumari Dhanabriddhi Yojana | KDBY | 10.23 | 10.44 | -0.21 | -2.01% |
| 30 | NMB Hybrid Fund L- 1 | NMBHF1 | 10.91 | 11.11 | -0.2 | -1.80% |
| 31 | NIC Asia Select-30 | NICSF | 9.97 | 10.15 | -0.18 | -1.77% |
| 32 | NMB Sulav Investment Fund - II | NSIF2 | 10.02 | 10.2 | -0.18 | -1.76% |
| 33 | NIBL Growth Fund | NIBLGF | 9.74 | 9.89 | -0.15 | -1.52% |
| 34 | Kumari Sunaulo Lagani Yojana | KSLY | 9.83 | 9.95 | -0.12 | -1.21% |
| 35 | Sanima Growth Fund | SGF | 9.84 | 9.96 | -0.12 | -1.20% |
| 36 | Prabhu Select Fund | PSF | 10.17 | 10.29 | -0.12 | -1.17% |
| 37 | Sunrise Focused Equity Fund | SFEF | 9.88 | 9.97 | -0.09 | -0.90% |
| 38 | NIC Asia Dynamic Debt Fund | NADDF | 10.44 | 10.53 | -0.09 | -0.85% |
| 39 | Prabhu Smart Fund | PSMF | 10.00 | 10.02 | -0.02 | -0.20% |
| 40 | Siddhartha Investment Growth Scheme 3 | SIGS3 | 9.95 | 0 | 0 | 0.00% |
| 41 | Citizens Super 30 Mutual Fund | 30CSMF | 9.94 | 0 | 0 | 0.00% |
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.
