Overview of Mutual Fund Trends in Nepal: Sector-wise Investments, Top Stocks, and NAV Changes in Kartik
Mon, Dec 4, 2023 10:32 PM on Mutual Fund, SS Pro, Latest,
There are currently 33 closed-end mutual funds listed on the Nepal Stock Exchange, whereas 7 open-end schemes are traded directly in the respective fund manager. "Siddhartha Investment Growth Scheme - 3 (SIGS3)” and "Himalayan 80-20 (H8020)" have 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.
Click here for a detailed list of Mutual funds.
*Note that two closed-end funds, namely Nabil Equity Fund (NEF) and NMB Hybrid Fund L-1 (NMBHF1), have reached maturity, and as a result, their NAV reports are not available.
Mutual Fund Schemes have an accumulative investment in listed/unlisted companies of Rs. 24.67 Arba in the month of Kartik compared to Rs. 25.18 Arba in Ashwin, 2080.
Similarly, the mutual fund bank balance decreased to Rs. 7.43 Arba in Kartik from Rs. 8.11 Arba in Ashwin. Mutual Funds have invested in debentures and bonds amounting to Rs. 3.49 Arba. Similarly, the funds also have invested 2.45% in primary shares/Rights which amounts to Rs. 1 Arba.
The top investments by mutual funds irrespective of sectors in the month of Kartik are as follows:
The topmost bought stocks in Kartik by the overall mutual fund industry are as follows:
The topmost sold stocks in Kartik 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 Kartik. Investment in the commercial banking industry accounts for the highest sector-wise investment of Rs. 6.25 Arba, making up 25.47% of total investment. Likewise, they have an investment of Rs. 3.45 Arba in shares of the Life Insurance sector, accounting for 14.03% of the total investment. The Non-Life Insurance sector stands at the third-highest investment priority for mutual funds with an investment worth Rs. 3.38 Arba, contributing 13.77% 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, NIC Asia Bank Limited (NICA) is seen as the top priority for investment by mutual funds. It accounts for an investment worth Rs. 68.93 Crores. Sanima Bank Limited (SANIMA) stands in the second position with an investment of Rs. 62.4 crores. Global IME Bank Limited (GBIME) stands in the third position with an investment of Rs. 40.16 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. 53.46 crores. Muktinath Bikas Bank Limited (MNBBL) is seen in the second position with an investment worth Rs. 47.05 crores. Shine Resunga Development Bank Limited (SHINE) has an investment of Rs. 34.33 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. 10.66 Crores in MFIL and Rs. 4.53 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. 8.99 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. 26.94 crores, Chilime Hydropower Company Limited (CHCL) with an investment of Rs. 20.33 crores, and API Power Company Limited (API) with an investment of Rs. 17.25 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. 81.66 crore in investments in NLICL, Rs. 55.14 crore in investments in LICN, and Rs. 46.71 crore in NLIC.
Manufacturing and Products:
Mutual Funds have invested Rs. 23.16 crores in Shivam Cements Limited (SHIVM), Rs. 15.43 crores in Unilever Nepal Limited (UNL), and Rs. 12.2 crores in Himalayan Distillery Limited (HDL) as of Kartik, 2080.
Microfinance Companies:
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. 18.48 crores. Citizens Super 30 Mutual Fund (C30MF) has the second-highest equity fund with a value of Rs. 17.53 crores. Finally, NIBL Growth Fund (NIBLGF) stood third-highest investment of Rs. 13.53 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. 74.93 crore investments in NIL, Rs. 59.63 crore in SPIL and Rs. 59.53 crore 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. 31.66 crores in Nepal Doorsanchar Company Limited (NTC), and Rs. 25.13 crores in Nepal Reinsurance Company Limited (NRIC)
Investment:
As for the Investment sector, Citizen Investment Trust (CIT) has the highest investment worth Rs. 29.66 crores. Similarly, CEDB Hydropower Development Company Limited (CHDC) stands in the second position with an investment of Rs. 8.67 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 Kartik, 2080, Nabil Balanced Fund III (NBF3) NAV gained the highest by 0.82% while NICGF lost the highest by 9.65%.
| S. No. | Mutual Fund | Symbol | NAV as of Kartik in Rs | NAV as of Ashwin in Rs | Price Change in Rs | % Change |
|---|---|---|---|---|---|---|
| 1 | Nabil Balanced Fund III | NBF3 | 8.61 | 8.54 | 0.07 | 0.82% |
| 2 | RBB Mutual Fund 2 | RMF2 | 9.95 | 9.88 | 0.07 | 0.71% |
| 3 | Sanima Growth Fund | SAGF | 9.94 | 9.88 | 0.06 | 0.61% |
| 4 | Himalayan 80-20 | H8020 | 10.02 | 9.99 | 0.03 | 0.30% |
| 5 | Citizens Super 30 Mutual Fund | C30MF | 10.04 | 10.02 | 0.02 | 0.20% |
| 6 | RBB Mutual Fund 1 | RMF1 | 9.22 | 9.22 | 0 | 0.00% |
| 7 | NIC Asia Dynamic Debt Fund | NADDF | 10.08 | 10.09 | -0.01 | -0.10% |
| 8 | Kumari Sunaulo Lagani Yojana | KSLY | 10.07 | 10.08 | -0.01 | -0.10% |
| 9 | Kumari Equity Fund | KEF | 9.41 | 9.42 | -0.01 | -0.11% |
| 10 | Kumari Dhanabriddhi Yojana | KDBY | 9.93 | 9.95 | -0.02 | -0.20% |
| 11 | Sunrise Focused Equity Fund | SFEF | 9.63 | 9.65 | -0.02 | -0.21% |
| 12 | Nabil Balanced Fund - 2 | NBF2 | 9.04 | 9.06 | -0.02 | -0.22% |
| 13 | Prabhu Smart Fund | PRSF | 10.14 | 10.17 | -0.03 | -0.29% |
| 14 | Sanima Large Cap Fund | SLCF | 9.1 | 9.13 | -0.03 | -0.33% |
| 15 | Laxmi Value Fund-II | LVF2 | 9.72 | 9.76 | -0.04 | -0.41% |
| 16 | NIBL Growth Fund | NIBLGF | 9.7 | 9.74 | -0.04 | -0.41% |
| 17 | Nabil Flexi Cap Fund | NFCF | 9.37 | 9.41 | -0.04 | -0.43% |
| 18 | NIBL Samriddhi Fund - 2 | NIBSF2 | 8.76 | 8.8 | -0.04 | -0.45% |
| 19 | Sanima Equity Fund | SAEF | 10.49 | 10.54 | -0.05 | -0.47% |
| 20 | NIC Asia Flexi Cap Fund | NICFC | 10.18 | 10.23 | -0.05 | -0.49% |
| 21 | NIBL Sahabhagita Fund | NIBLSF | 9.67 | 9.72 | -0.05 | -0.51% |
| 22 | Citizens Mutual Fund-1 | CMF1 | 9.35 | 9.4 | -0.05 | -0.53% |
| 23 | Citizens Mutual Fund - 2 | CMF2 | 9.11 | 9.16 | -0.05 | -0.55% |
| 24 | NIC Asia Select-30 | NICSF | 10.34 | 10.4 | -0.06 | -0.58% |
| 25 | Siddhartha Systematic Investment Scheme | SSIS | 8.54 | 8.59 | -0.05 | -0.58% |
| 26 | Siddhartha Investment Growth Scheme 3 | SIGS3 | 9.78 | 9.84 | -0.06 | -0.61% |
| 27 | Laxmi Unnati Kosh | LUK | 9.35 | 9.41 | -0.06 | -0.64% |
| 28 | NIBL Pragati Fund | NIBLPF | 9.26 | 9.32 | -0.06 | -0.64% |
| 29 | Mega Mutual Fund - 1 | MMF1 | 8.3 | 8.36 | -0.06 | -0.72% |
| 30 | Sunrise First Mutual Fund | SFMF | 10.62 | 10.7 | -0.08 | -0.75% |
| 31 | Sunrise Bluechip Fund | SBCF | 9.26 | 9.33 | -0.07 | -0.75% |
| 32 | Siddhartha Investment Growth Scheme-2 | SIGS2 | 9.12 | 9.19 | -0.07 | -0.76% |
| 33 | Global IME Balance Fund-I | GIBF1 | 8.96 | 9.03 | -0.07 | -0.78% |
| 34 | Prabhu Select Fund | PSF | 9.57 | 9.65 | -0.08 | -0.83% |
| 35 | NMB Sulav Investment Fund - II | NSIF2 | 10.27 | 10.37 | -0.1 | -0.96% |
| 36 | Laxmi Equity Fund | LEMF | 9.2 | 9.29 | -0.09 | -0.97% |
| 37 | Siddhartha Equity Fund | SEF | 9.16 | 9.25 | -0.09 | -0.97% |
| 38 | NMB 50 | NMB50 | 9.94 | 10.04 | -0.1 | -1.00% |
| 39 | Shubha Laxmi Kosh | SLK | 9.38 | 9.49 | -0.11 | -1.16% |
| 40 | NMB Saral Bachat Fund - E | NMBSBF | 8.68 | 8.81 | -0.13 | -1.48% |
| 41 | NIC ASIA Balanced Fund | NICBF | 9.95 | 10.97 | -1.02 | -9.30% |
| 42 | NIC Asia Growth Fund | NICGF | 10.39 | 11.5 | -1.11 | -9.65% |
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.
