Overview of Mutual Fund Trends in Nepal: Sector-wise Investments, Top Stocks, and NAV Changes in Bhadra
Fri, Oct 4, 2024 11:00 AM on Mutual Fund, SS Pro, Latest,
There are currently 36 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. 38.39 Arba in the month of Bhadra, 2081 compared to Rs. 43.30 Arba in Shrawan, 2081.
Similarly, the mutual fund bank balance increased to Rs. 8.56 Arba in Bhadra from Rs. 8.18 Arba in Shrawan. Mutual Funds have invested in debentures and bonds amounting to Rs. 3.45 Arba. Similarly, the funds also have invested 1.50% in primary shares/Rights which amounts to Rs. 81.61 Crores.
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. 8.45 Arba, making up 21.99% of total investment. Likewise, they have an investment of Rs. 5.41 Arba in shares of the Non-Life Insurance sector, accounting for 14.09% of the total investment. The Microfinance sector stands at the third-highest investment priority for mutual funds with an investment worth Rs. 5.21 Arba, contributing 13.57% 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. 1.04 Arba. NIC Asia Bank Limited (NICA) stands in the second position with an investment of Rs. 1 Arba. Siddhartha Bank Limited (SBL) stands in the third position with an investment of Rs. 67.56 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. 73.17 crores. Muktinath Bikas Bank Limited (MNBBL) is seen in the second position with an investment worth Rs. 58.29 crores. Shine Resunga Development Bank Limited (SHINE) has an investment of Rs. 37.63 crores in the third position.
Finance:
As for the finance companies, the top two investments were ICFC Finance Limited (ICFC) and Manjushree Finance Limited (MFIL). Mutual funds invested Rs. 11.8 Crores in ICFC and Rs. 11.73 Crores in MFIL.
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. 16.13 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. 50.47 crores, with an investment of Sanima Mai Hydropower Limited (SHPC) of Rs. 39.8 crores, and Api Power Company Limited (API) with an investment of Rs. 29.86 crores.
Life Insurance Companies:
Among the life insurance companies in Nepal, National Life Insurance Company Limited (NLICL), Nepal Life Insurance Company Limited (NLIC), and Life Insurance Corporation Nepal Limited (LICN) are the top priority investment companies for mutual funds. Mutual Fund schemes have around Rs. 97.62 crores in investments in NLICL, Rs. 81.8 crores in investments in NLIC, and Rs. 66.46 crore in LICN.
Manufacturing and Products:
Mutual Funds have invested Rs. 59.92 crore in Shivam Cements Limited (SHIVM), Rs. 35.87 crore in Sarbottam Cement Limited (SARBTM), and Rs. 22.86 crore in Himalayan Distillery Limited (HDL) as of Bhadra, 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. 93.15 Crores in SKBBL, and Rs. 67.26 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. 19.64 crores. NIC Asia Growth Fund 2 (NICGF2) has the second-highest equity fund with a value of Rs. 17.83 crores. Finally, Sunrise Focused Equity Fund (SFEF) stood third-highest investment of Rs. 17.76 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. 1.16 Arba investments in NIL, Rs. 98.63 Crores in SALICO, and Rs. 95.25 Crores 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. 71.94 Crores in Himalayan Reinsurance Limited (HRL), and Rs. 46.28 crores in Nepal Doorsanchar Company Limited (NTC).
Investment:
As for the Investment sector, Citizen Investment Trust (CIT) has the highest investment worth Rs. 48.61 crores. Similarly, CEDB Hydropower Development Company Limited (CHDC) stands in the second position with an investment of Rs. 28.95 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 Bhadra, 2081, NIC Asia Select-30 (NICSF) NAV lost the highest by 19.66%. Conversely, NIC Asia Dynamic Debt Fund (NADDF) lost the least 3.71%.
| S. No. | Mutual Fund | Symbol | NAV as of Bhadra | NAV as of Shrawan | Price Change | % Change |
|---|---|---|---|---|---|---|
| 1 | NIC Asia Dynamic Debt Fund | NADDF | 10.37 | 10.77 | -0.4 | -3.71% |
| 2 | Citizens Mutual Fund-1 | CMF1 | 11.93 | 12.86 | -0.93 | -7.23% |
| 3 | NIBL Sahabhagita Fund | NIBLSF | 11.03 | 11.93 | -0.9 | -7.54% |
| 4 | Himalayan 80-20 | H8020 | 12.16 | 13.19 | -1.03 | -7.81% |
| 5 | NIC Asia Growth Fund 2 | NICGF2 | 10.61 | 11.51 | -0.9 | -7.82% |
| 6 | Siddhartha Systematic Investment Scheme | SSIS | 10.85 | 11.82 | -0.97 | -8.21% |
| 7 | Kumari Sabal Yojana | KSY | 10.7 | 11.69 | -0.99 | -8.47% |
| 8 | Sanima Large Cap Fund | SLCF | 11.49 | 12.58 | -1.09 | -8.66% |
| 9 | NIBL Stable Fund | NIBLSTF | 9.98 | 10.93 | -0.95 | -8.69% |
| 10 | Siddhartha Investment Growth Scheme-2 | SIGS2 | 11.66 | 12.78 | -1.12 | -8.76% |
| 11 | Prabhu Select Fund | PSF | 12.84 | 14.09 | -1.25 | -8.87% |
| 12 | Siddhartha Equity Fund | SEF | 11.58 | 12.73 | -1.15 | -9.03% |
| 13 | Prabhu Smart Fund | PRSF | 12.82 | 14.1 | -1.28 | -9.08% |
| 14 | NIBL Growth Fund | NIBLGF | 11.3 | 12.46 | -1.16 | -9.31% |
| 15 | NIBL Samriddhi Fund - 2 | NIBSF2 | 10.1 | 11.14 | -1.04 | -9.34% |
| 16 | NMB 50 | NMB50 | 12.98 | 14.5 | -1.52 | -10.48% |
| 17 | Citizens Super 30 Mutual Fund | C30MF | 11.8 | 13.21 | -1.41 | -10.67% |
| 18 | Citizens Mutual Fund - 2 | CMF2 | 11.43 | 12.8 | -1.37 | -10.70% |
| 19 | Laxmi Unnati Kosh | LUK | 11.45 | 12.87 | -1.42 | -11.03% |
| 20 | NMB Sulav Investment Fund - II | NSIF2 | 13.51 | 15.19 | -1.68 | -11.06% |
| 21 | Sunrise Bluechip Fund | SBCF | 11.22 | 12.64 | -1.42 | -11.23% |
| 22 | Laxmi Value Fund-II | LVF2 | 11 | 12.4 | -1.4 | -11.29% |
| 23 | Mega Mutual Fund - 1 | MMF1 | 10.68 | 12.05 | -1.37 | -11.37% |
| 24 | Shubha Laxmi Kosh | SLK | 11.45 | 12.92 | -1.47 | -11.38% |
| 25 | NMB Saral Bachat Fund - E | NMBSBF | 10.79 | 12.19 | -1.4 | -11.48% |
| 26 | Nabil Balanced Fund - 2 | NBF2 | 11.87 | 13.52 | -1.65 | -12.20% |
| 27 | Siddhartha Investment Growth Scheme 3 | SIGS3 | 11.71 | 13.34 | -1.63 | -12.22% |
| 28 | Nabil Balanced Fund III | NBF3 | 10.98 | 12.6 | -1.62 | -12.86% |
| 29 | Global IME Balance Fund-I | GIBF1 | 11.95 | 13.73 | -1.78 | -12.96% |
| 30 | RBB Mutual Fund 1 | RMF1 | 11.01 | 12.69 | -1.68 | -13.24% |
| 31 | Nabil Flexi Cap Fund | NFCF | 11.12 | 12.85 | -1.73 | -13.46% |
| 32 | Sunrise Focused Equity Fund | SFEF | 11.28 | 13.18 | -1.9 | -14.42% |
| 33 | NIC ASIA Balanced Fund | NICBF | 10.89 | 12.78 | -1.89 | -14.79% |
| 34 | Kumari Dhanabriddhi Yojana | KDBY | 11.21 | 13.18 | -1.97 | -14.95% |
| 35 | Sanima Growth Fund | SAGF | 11.38 | 13.45 | -2.07 | -15.39% |
| 36 | NIC Asia Growth Fund | NICGF | 11.5 | 13.69 | -2.19 | -16.00% |
| 37 | Kumari Sunaulo Lagani Yojana | KSLY | 11.46 | 13.7 | -2.24 | -16.35% |
| 38 | Kumari Equity Fund | KEF | 10.63 | 12.71 | -2.08 | -16.37% |
| 39 | NIC Asia Flexi Cap Fund | NICFC | 11.18 | 13.44 | -2.26 | -16.82% |
| 40 | RBB Mutual Fund 2 | RMF2 | 11.38 | 13.74 | -2.36 | -17.18% |
| 41 | Sanima Equity Fund | SAEF | 11.53 | 13.93 | -2.4 | -17.23% |
| 42 | Sunrise First Mutual Fund | SFMF | 11.29 | 14.05 | -2.76 | -19.64% |
| 43 | NIC Asia Select-30 | NICSF | 10.99 | 13.68 | -2.69 | -19.66% |
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.
