Overview of Mutual Fund Trends in Nepal: Sector-wise Investments, Top Stocks, and NAV Changes in Falgun
Mon, Mar 31, 2025 11:21 AM on Mutual Fund, SS Pro, Exclusive,
There are currently 35 closed-end mutual funds listed on the Nepal Stock Exchange, whereas 7 open-end schemes are traded directly with the respective fund manager. NMB Hybrid Fund L-II (NMBHF2) has recently issued its units to the general public but is yet to be listed for trading in NEPSE, upon which there will be 43 schemes altogether.
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Mutual Fund Schemes have an accumulative investment in listed/unlisted companies of Rs. 43.37 Arba in the month of Falgun, 2081, compared to Rs. 41.40 Arba in Magh, 2081.
Similarly, the mutual fund bank balance increased to Rs. 9.17 Arba in Falgun from Rs. 8.41 Arba in Magh. Mutual Funds have invested in debentures and bonds amounting to Rs. 2.71 Arba. Similarly, the funds also have invested 3.19% in primary shares/Rights, which amounts to Rs. 1.88 Arba.
The top investments by mutual funds, irrespective of sectors, in the month of Falgun, are as follows:
The topmost bought stocks in Falgun by the overall mutual fund industry are as follows:
The topmost sold stocks in Falgun 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 Falgun. Investment in the commercial banking industry accounts for the highest sector-wise investment of Rs. 9.01 Arba, making up 20.77% of total investment. Likewise, they have an investment of Rs. 6.27 Arba in shares of the Non-Life Insurance sector, for 14.47% of the total investment. The Microfinance sector stands at the third-highest investment priority for mutual funds with an investment worth Rs. 5.87 Arba, contributing 13.54% 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. 1.11 Arba. Everest Bank Limited (EBL) stands in second place with an investment of Rs. 1.09 Arba. NIC Asia Bank Limited (NICA) stands in the third position with an investment of Rs. 78.33 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. 88.71 crores. Shine Resunga Development Bank Limited (SHINE) is seen in the second position with an investment worth Rs. 61.22 crores. Muktinath Bikas Bank Limited (MNBBL) has an investment of Rs. 59.85 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. 14.04 Crores in MFIL and Rs. 11.21 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. 31.2 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. 65.25 crores, with an investment of Sanima Mai Hydropower Limited (SHPC) of Rs. 41.89 crores, and Api Power Company Limited (API) with an investment of Rs. 39.62 crores.
Life Insurance Companies:
Mutual Funds have invested Rs. 75.24 crore in Shivam Cements Limited (SHIVM), Rs. 27.48 crore in Himalayan Distillery Limited (HDL), and Rs. 24.38 crore in Sarbottam Cement Limited (SARBTM) as of Falgun, 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. 1.15 Arba in CBBL, Rs. 88.51 Crores in SKBBL, and Rs. 84.12 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. 18.28 crores. NIC Asia Growth Fund 2 (NICGF2) has the second-highest equity fund with a value of Rs. 17.75 crores. Finally, Sunrise Focused Equity Fund (SFEF) stood as the third-highest investment of Rs. 17.56 crores.
Non-life insurance companies:
Among the non-life insurance companies in Nepal, Siddhartha Premier Insurance Limited (SPIL), Neco Insurance Company Limited (NIL), and Sagarmatha Lumbini Insurance Company Limited (SALICO) are the investment companies of top priority for mutual funds. Mutual Fund schemes have around Rs. 1.17 Arba investments in SPIL, Rs. 1.16 Arba in NIL, and Rs. 1.12 Arba 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. 87.63 Crores in Himalayan Reinsurance Limited (HRL), and Rs. 36.82 crores in Nepal Doorsanchar Company Limited (NTC).
Investment:
As for the Investment sector, Citizen Investment Trust (CIT) has the highest investment worth Rs. 71.41 crores. Similarly, CEDB Hydropower Development Company Limited (CHDC) stands in the second position with an investment of Rs. 35.20 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 Falgun, 2081, RBB Mutual Fund 1 (RMF1) NAV gained the highest by 17.71%. Conversely, NMB Saral Bachat Fund - E (NMBSBF) lost the most, 3.86%.
| S. No. | Mutual Fund | Symbol | NAV as of Falgun | NAV as of Magh | Price Change | % Change |
|---|---|---|---|---|---|---|
| 1 | RBB Mutual Fund 1 | RMF1 | 12.63 | 10.73 | 1.9 | 17.71% |
| 2 | Siddhartha Systematic Investment Scheme | SSIS | 12.04 | 11.06 | 0.98 | 8.86% |
| 3 | Himalayan 80-20 | H8020 | 12.51 | 11.98 | 0.53 | 4.42% |
| 4 | Global IME Balance Fund-I | GIBF1 | 12.21 | 11.8 | 0.41 | 3.47% |
| 5 | Laxmi Value Fund-II | LVF2 | 11.78 | 11.44 | 0.34 | 2.97% |
| 6 | Siddhartha Investment Growth Scheme-2 | SIGS2 | 12.16 | 11.83 | 0.33 | 2.79% |
| 7 | Prabhu Select Fund | PSF | 12.64 | 12.3 | 0.34 | 2.76% |
| 8 | Laxmi Unnati Kosh | LUK | 11.9 | 11.62 | 0.28 | 2.41% |
| 9 | NIC Asia Select-30 | NICSF | 11.16 | 10.9 | 0.26 | 2.39% |
| 10 | Nabil Balanced Fund - 2 | NBF2 | 11.72 | 11.45 | 0.27 | 2.36% |
| 11 | Nabil Balanced Fund III | NBF3 | 11.51 | 11.27 | 0.24 | 2.13% |
| 12 | Sunrise Focused Equity Fund | SFEF | 11.57 | 11.33 | 0.24 | 2.12% |
| 13 | Sunrise First Mutual Fund | SFMF | 11.54 | 11.31 | 0.23 | 2.03% |
| 14 | NMB 50 | NMB50 | 11.64 | 11.41 | 0.23 | 2.02% |
| 15 | Kumari Equity Fund | KEF | 10.72 | 10.51 | 0.21 | 2.00% |
| 16 | NIBL Samriddhi Fund - 2 | NIBSF2 | 10.36 | 10.16 | 0.2 | 1.97% |
| 17 | Citizens Super 30 Mutual Fund | C30MF | 11.03 | 10.82 | 0.21 | 1.94% |
| 18 | Kumari Sunaulo Lagani Yojana | KSLY | 11.71 | 11.49 | 0.22 | 1.91% |
| 19 | Mega Mutual Fund - 1 | MMF1 | 10.82 | 10.62 | 0.2 | 1.88% |
| 20 | Kumari Dhanabriddhi Yojana | KDBY | 11.44 | 11.23 | 0.21 | 1.87% |
| 21 | Sanima Large Cap Fund | SLCF | 11.77 | 11.56 | 0.21 | 1.82% |
| 22 | Kumari Sabal Yojana | KSY | 10.73 | 10.54 | 0.19 | 1.80% |
| 23 | Siddhartha Equity Fund | SEF | 11.92 | 11.73 | 0.19 | 1.62% |
| 24 | NIBL Growth Fund | NIBLGF | 10.77 | 10.6 | 0.17 | 1.60% |
| 25 | NIC Asia Growth Fund | NICGF | 11.43 | 11.29 | 0.14 | 1.24% |
| 26 | Nabil Flexi Cap Fund | NFCF | 11.67 | 11.54 | 0.13 | 1.13% |
| 27 | NIBL Sahabhagita Fund | NIBLSF | 11.19 | 11.08 | 0.11 | 0.99% |
| 28 | NIC ASIA Balanced Fund | NICBF | 11.01 | 10.92 | 0.09 | 0.82% |
| 29 | Prabhu Smart Fund | PRSF | 12.51 | 12.43 | 0.08 | 0.64% |
| 30 | Muktinath Mutual Fund 1 | MNMF1 | 10.1 | 10.04 | 0.06 | 0.60% |
| 31 | NIC Asia Dynamic Debt Fund | NADDF | 10.54 | 10.49 | 0.05 | 0.48% |
| 32 | NIC Asia Flexi Cap Fund | NICFC | 11.28 | 11.24 | 0.04 | 0.36% |
| 33 | NIBL Stable Fund | NIBLSTF | 10.16 | 10.13 | 0.03 | 0.30% |
| 34 | Garima Samriddhi Yojana | GSY | 10.03 | 10.03 | 0 | 0.00% |
| 35 | Shubha Laxmi Kosh | SLK | 11.86 | 11.58 | 0 | 0.00% |
| 36 | NMB Hybrid Fund L-II | NMBHF2 | 11.71 | 0 | 0 | 0.00% |
| 37 | RBB Mutual Fund 2 | RMF2 | 11.05 | 11.06 | -0.01 | -0.09% |
| 38 | Citizens Mutual Fund - 2 | CMF2 | 10.88 | 10.89 | -0.01 | -0.09% |
| 39 | NIC Asia Growth Fund 2 | NICGF2 | 10.68 | 10.69 | -0.01 | -0.09% |
| 40 | Sunrise Bluechip Fund | SBCF | 11.18 | 11.24 | -0.06 | -0.53% |
| 41 | Siddhartha Investment Growth Scheme 3 | SIGS3 | 11.96 | 12.03 | -0.07 | -0.58% |
| 42 | Sanima Growth Fund | SAGF | 11.35 | 11.5 | -0.15 | -1.30% |
| 43 | NMB Saral Bachat Fund - E | NMBSBF | 9.97 | 10.37 | -0.4 | -3.86% |
| 44 | NMB Sulav Investment Fund - II | NSIF2 | 12.64 | 12.42 | 0.22 | 1.77% |
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 and 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.
