Mangsir Insights: Mutual Fund Trends in Nepal - Sector Allocations, Top Stocks, and NAV Movements Unveiled
Wed, Jan 1, 2025 2:03 PM on Mutual Fund, SS Pro, Latest,
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.
Click here for a detailed list of Mutual funds
Mutual Fund Schemes have an accumulative investment in listed/unlisted companies of Rs. 40.03 Arba in the month of Mangsir, 2081 compared to Rs. 40.92 Arba in Kartik, 2081.
Similarly, the mutual fund bank balance increased to Rs. 7.9 Arba in Mangsir from Rs. 7.33 Arba in Kartik. Mutual Funds have invested in debentures and bonds amounting to Rs. 3.3 Arba. Similarly, the funds also have invested 2.56% in primary shares/Rights which amounts to Rs. 1.39 Arba.
The top investments by mutual funds irrespective of sectors in the month of Mangsir are as follows:
The topmost bought stocks in Mangsir by the overall mutual fund industry are as follows:
The topmost sold stocks in Mangsir 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 Mangsir. Investment in the commercial banking industry accounts for the highest sector-wise investment of Rs. 9.03 Arba, making up 22.59% of total investment. Likewise, they have an investment of Rs. 5.45 Arba in shares of the Non-Life Insurance sector, for 13.64% of the total investment. The Microfinance sector stands at the third-highest investment priority for mutual funds with an investment worth Rs. 5.45 Arba, contributing 13.63% of total investments.
Smaller allocations were observed in sectors like 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, Sanima Bank Limited (SANIMA) is seen as the top priority for investment mutual funds. It accounts for an investment worth Rs. 1.06 Arba. Everest Bank Limited (EBL) stands in second place with an investment of Rs. 86.58 Crores. NIC Asia Bank Limited (NICA) stands in the third position with an investment of Rs. 86.27 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. 83.72 crores. Muktinath Bikas Bank Limited (MNBBL) is seen in the second position with an investment worth Rs. 58.61 crores. Shine Resunga Development Bank Limited (SHINE) has an investment of Rs. 56.43 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. 12.28 Crores in MFIL and Rs. 5.82 Crores in ICFC.
Hotels and Tourism:
Among the six listed hotels and the tourism sector in NEPSE, mutual funds have given higher priority to Soaltee Hotel Limited (SHL) with an investment of Rs. 16.18 crores.
Hydropower Companies:
The inclination of investment in hydropower companies for mutual funds was in Mountain Energy Nepal Limited (MEN) with an investment of Rs. 68.15 crores, with an investment of Sanima Mai Hydropower Limited (SHPC) of Rs. 44.53 crores, and Api Power Company Limited (API) with an investment of Rs. 33.83 crores.
Life Insurance Companies:
Among the life insurance companies in Nepal, National Life Insurance Company Limited (NLICL), Nepal Life Insurance Company Limited (NLIC), and Asian Life Insurance Company Limited (ALICL) are the top priority investment companies for mutual funds. Mutual Fund schemes have around Rs. 98.28 Crores in investments in NLICL, Rs. 86.49 crores in investments in NLIC, and Rs. 59.18 crore in ALICL.
Manufacturing and Products:
Mutual Funds have invested Rs. 64.89 crore in Shivam Cements Limited (SHIVM), Rs. 23.95 crore in Sarbottam Cement Limited (SARBTM), and Rs. 23.62 crore in Himalayan Distillery Limited (HDL) as of Mangsir, 2081.
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. 1.09 Arba in CBBL, Rs. 90.58 Crores in SKBBL, and Rs. 74.12 crore in NUBL.
Mutual Fund:
The mutual fund schemes also invest in other mutual funds. NIBL Stable Fund (NIBLSTF) falls under the highest investment value mutual fund. It has an investment of Rs. 20.45 crores. NIC Asia Growth Fund 2 (NICGF2) has the second-highest equity fund with a value of Rs. 18.95 crores. Finally, Sunrise Focused Equity Fund (SFEF) stood third-highest investment of Rs. 18.78 crores.
Non-life insurance companies:
Among the non-life insurance companies in Nepal, Neco Insurance Company Limited (NIL), Siddhartha Premier Insurance Limited (SPIL), and Sagarmatha Lumbini Insurance Company Limited (SALICO) are the investment companies of top priority for mutual funds. Mutual Fund schemes have around Rs. 1.23 Arba investments in NIL, Rs. 1.03 Arba in SPIL, and Rs. 94.97 Crores in SALICO.
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. 75.67 Crores in Himalayan Reinsurance Limited (HRL), and Rs. 44.2 crores in Nepal Doorsanchar Company Limited (NTC).
Investment:
As for the Investment sector, Citizen Investment Trust (CIT) has the highest investment worth Rs. 60.76 crores. Similarly, CEDB Hydropower Development Company Limited (CHDC) stands in the second position with an investment of Rs. 24.91 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 following the change in their asset and liabilities.
In the month of Mangsir, 2081, NMB Saral Bachat Fund - E (NMBSBF) NAV lost the highest by 5.05%. Conversely, Citizens Mutual Fund-1 (CMF1) lost the least 1.22%.
| S. No. | Mutual Fund | Symbol | NAV as of Mangsir | NAV as of Kartik | Price Change | % Change |
|---|---|---|---|---|---|---|
| 1 | Citizens Mutual Fund-1 | CMF1 | 11.36 | 11.5 | -0.14 | -1.22% |
| 2 | NIC Asia Dynamic Debt Fund | NADDF | 10.41 | 10.54 | -0.13 | -1.23% |
| 3 | Global IME Balance Fund-I | GIBF1 | 11.98 | 12.19 | -0.21 | -1.72% |
| 4 | NIBL Sahabhagita Fund | NIBLSF | 11.07 | 11.39 | -0.32 | -2.81% |
| 5 | Nabil Balanced Fund - 2 | NBF2 | 11.33 | 11.67 | -0.34 | -2.91% |
| 6 | Nabil Flexi Cap Fund | NFCF | 11.3 | 11.64 | -0.34 | -2.92% |
| 7 | NIC Asia Growth Fund 2 | NICGF2 | 10.6 | 10.92 | -0.32 | -2.93% |
| 8 | NIBL Stable Fund | NIBLSTF | 10.04 | 10.36 | -0.32 | -3.09% |
| 9 | NIC ASIA Balanced Fund | NICBF | 10.93 | 11.28 | -0.35 | -3.10% |
| 10 | Citizens Mutual Fund - 2 | CMF2 | 10.98 | 11.34 | -0.36 | -3.17% |
| 11 | NIBL Growth Fund | NIBLGF | 10.65 | 11 | -0.35 | -3.18% |
| 12 | Sanima Large Cap Fund | SLCF | 11.54 | 11.93 | -0.39 | -3.27% |
| 13 | Siddhartha Systematic Investment Scheme | SSIS | 10.88 | 11.25 | -0.37 | -3.29% |
| 14 | Sanima Growth Fund | SAGF | 11.45 | 11.84 | -0.39 | -3.29% |
| 15 | Himalayan 80-20 | H8020 | 11.74 | 12.14 | -0.4 | -3.29% |
| 16 | Sunrise Focused Equity Fund | SFEF | 11.36 | 11.75 | -0.39 | -3.32% |
| 17 | NIBL Samriddhi Fund - 2 | NIBSF2 | 10.15 | 10.5 | -0.35 | -3.33% |
| 18 | Citizens Super 30 Mutual Fund | C30MF | 10.86 | 11.25 | -0.39 | -3.47% |
| 19 | Siddhartha Equity Fund | SEF | 11.64 | 12.06 | -0.42 | -3.48% |
| 20 | Mega Mutual Fund - 1 | MMF1 | 10.75 | 11.14 | -0.39 | -3.50% |
| 21 | NIC Asia Flexi Cap Fund | NICFC | 11.22 | 11.64 | -0.42 | -3.61% |
| 22 | Siddhartha Investment Growth Scheme 3 | SIGS3 | 11.8 | 12.25 | -0.45 | -3.67% |
| 23 | Prabhu Smart Fund | PRSF | 12.11 | 12.58 | -0.47 | -3.74% |
| 24 | Kumari Dhanabriddhi Yojana | KDBY | 11.24 | 11.68 | -0.44 | -3.77% |
| 25 | Laxmi Value Fund-II | LVF2 | 11.21 | 11.65 | -0.44 | -3.78% |
| 26 | NIC Asia Select-30 | NICSF | 10.95 | 11.38 | -0.43 | -3.78% |
| 27 | Kumari Equity Fund | KEF | 10.67 | 11.09 | -0.42 | -3.79% |
| 28 | Shubha Laxmi Kosh | SLK | 11.57 | 12.03 | -0.46 | -3.82% |
| 29 | Kumari Sunaulo Lagani Yojana | KSLY | 11.53 | 11.99 | -0.46 | -3.84% |
| 30 | Siddhartha Investment Growth Scheme-2 | SIGS2 | 11.7 | 12.17 | -0.47 | -3.86% |
| 31 | Prabhu Select Fund | PSF | 11.94 | 12.42 | -0.48 | -3.86% |
| 32 | Nabil Balanced Fund III | NBF3 | 11.17 | 11.64 | -0.47 | -4.04% |
| 33 | NIC Asia Growth Fund | NICGF | 11.48 | 11.97 | -0.49 | -4.09% |
| 34 | RBB Mutual Fund 1 | RMF1 | 10.84 | 11.31 | -0.47 | -4.16% |
| 35 | Laxmi Unnati Kosh | LUK | 11.5 | 12.02 | -0.52 | -4.33% |
| 36 | Kumari Sabal Yojana | KSY | 10.55 | 11.03 | -0.48 | -4.35% |
| 37 | RBB Mutual Fund 2 | RMF2 | 11.18 | 11.7 | -0.52 | -4.44% |
| 38 | NMB 50 | NMB50 | 11.51 | 12.07 | -0.56 | -4.64% |
| 39 | Sunrise Bluechip Fund | SBCF | 11.21 | 11.76 | -0.55 | -4.68% |
| 40 | Sunrise First Mutual Fund | SFMF | 11.28 | 11.84 | -0.56 | -4.73% |
| 41 | NMB Sulav Investment Fund - II | NSIF2 | 12.49 | 13.12 | -0.63 | -4.80% |
| 42 | NMB Saral Bachat Fund - E | NMBSBF | 10.71 | 11.28 | -0.57 | -5.05% |
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.
