Poush Insights: Mutual Fund Trends in Nepal - Sector Allocations, Top Stocks, and NAV Movements Unveiled
Tue, Jan 30, 2024 12:56 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. "NIC Asia Growth Fund 2 (NICGF2)" has 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. 29.27 Arba in the month of Poush compared to Rs. 27.11 Arba in Mangsir, 2080.
Similarly, the mutual fund bank balance increased to Rs. 6.96 Arba in Poush from Rs. 6.75 Arba in Mangsir. Mutual Funds have invested in debentures and bonds amounting to Rs. 3.59 Arba. Similarly, the funds also have invested 2.84% in primary shares/Rights which amounts to Rs. 1.29 Arba.
The top investments by mutual funds irrespective of sectors in the month of Poush are as follows:
The topmost bought stocks in Poush by the overall mutual fund industry are as follows:
The topmost sold stocks in Poush 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 Poush. Investment in the commercial banking industry accounts for the highest sector-wise investment of Rs. 6.95 Arba, making up 23.74% of total investment. Likewise, they have an investment of Rs. 4.01 Arba in shares of the Life Insurance sector, accounting for 13.70% of the total investment. The Non-Life Insurance sector stands at the third-highest investment priority for mutual funds with an investment worth Rs. 3.99 Arba, contributing 13.65% 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. 91.09 Crores. Sanima Bank Limited (SANIMA) stands in the second position with an investment of Rs. 74.61 crores. Siddhartha Bank Limited (SBL) stands in the third position with an investment of Rs. 44.97 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. 52.94 crores. Muktinath Bikas Bank Limited (MNBBL) is seen in the second position with an investment worth Rs. 48.58 crores. Shine Resunga Development Bank Limited (SHINE) has an investment of Rs. 35.17 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. 12.63 Crores in MFIL and Rs. 6.43 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. 10.96 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. 35.33 crores, with an investment of API Power Company Limited (API) Rs. 20.66 crores, and Chilime Hydropower Company Limited (CHCL)with an investment of Rs. 20.59 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. 92.34 crore in investments in NLICL, Rs. 59.9 crore in investments in LICN, and Rs. 49.51 crore in NLIC.
Manufacturing and Products:
Mutual Funds have invested Rs. 27.48 crore in Shivam Cements Limited (SHIVM), Rs. 19.91 crore in Sonapur Minerals and Oil Limited (SONA), and Rs. 19.88 crore in Himalayan Distillery Limited (HDL) as of Poush, 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. 77.24 crore in CBBL, Rs. 66.41 crore in SKBBL, and Rs. 39.61 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. 21.22 crores. Citizens Super 30 Mutual Fund (C30MF) has the second-highest equity fund with a value of Rs. 18.29 crores. Finally, Prabhu Smart Fund (PRSF) stood third-highest investment of Rs. 15.61 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. 84.03 crore investments in NIL, Rs. 71.68 crore in SALICO, and Rs. 69.12 crore 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. 68.56 crores in Himalayan Reinsurance Limited (HRL), and Rs. 30.18 crores in Nepal Doorsanchar Company Limited (NTC).
Investment:
As for the Investment sector, Citizen Investment Trust (CIT) has the highest investment worth Rs. 28.88 crores. Similarly, CEDB Hydropower Development Company Limited (CHDC) stands in the second position with an investment of Rs. 9.02 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 Poush, 2080, Global IME Balance Fund-I (GIBF1) NAV gained the highest by 10.24% followed by CMF1 with a 7.83% gain.
| S. No. | Mutual Fund | Symbol | NAV as of Poush | NAV as of Mangsir | NAV Change | % Change |
|---|---|---|---|---|---|---|
| 1 | Global IME Balance Fund-I | GIBF1 | 10.55 | 9.57 | 0.98 | 10.24% |
| 2 | Citizens Mutual Fund-1 | CMF1 | 10.47 | 9.71 | 0.76 | 7.83% |
| 3 | Nabil Balanced Fund - 2 | NBF2 | 10.31 | 9.6 | 0.71 | 7.40% |
| 4 | Sanima Growth Fund | SAGF | 11.06 | 10.41 | 0.65 | 6.24% |
| 5 | Citizens Mutual Fund - 2 | CMF2 | 10.06 | 9.47 | 0.59 | 6.23% |
| 6 | Nabil Balanced Fund III | NBF3 | 9.43 | 8.88 | 0.55 | 6.19% |
| 7 | Nabil Flexi Cap Fund | NFCF | 10.31 | 9.73 | 0.58 | 5.96% |
| 8 | Sanima Large Cap Fund | SLCF | 10.09 | 9.58 | 0.51 | 5.32% |
| 9 | Kumari Dhanabriddhi Yojana | KDBY | 11.06 | 10.52 | 0.54 | 5.13% |
| 10 | Kumari Sunaulo Lagani Yojana | KSLY | 11.19 | 10.67 | 0.52 | 4.87% |
| 11 | Prabhu Select Fund | PSF | 10.68 | 10.2 | 0.48 | 4.71% |
| 12 | NMB Sulav Investment Fund - II | NSIF2 | 11.49 | 10.98 | 0.51 | 4.64% |
| 13 | Kumari Equity Fund | KEF | 10.44 | 9.99 | 0.45 | 4.50% |
| 14 | RBB Mutual Fund 1 | RMF1 | 10.09 | 9.66 | 0.43 | 4.45% |
| 15 | RBB Mutual Fund 2 | RMF2 | 10.84 | 10.38 | 0.46 | 4.43% |
| 16 | NMB 50 | NMB50 | 10.89 | 10.45 | 0.44 | 4.21% |
| 17 | Laxmi Equity Fund | LEMF | 10.30 | 9.89 | 0.41 | 4.15% |
| 18 | Himalayan 80-20 | H8020 | 10.56 | 10.14 | 0.42 | 4.14% |
| 19 | NMB Saral Bachat Fund - E | NMBSBF | 9.46 | 9.09 | 0.37 | 4.07% |
| 20 | Shubha Laxmi Kosh | SLK | 10.36 | 9.96 | 0.4 | 4.02% |
| 21 | Mega Mutual Fund - 1 | MMF1 | 9.07 | 8.72 | 0.35 | 4.01% |
| 22 | NIC Asia Flexi Cap Fund | NICFC | 11.13 | 10.72 | 0.41 | 3.82% |
| 23 | Sanima Equity Fund | SAEF | 11.43 | 11.02 | 0.41 | 3.72% |
| 24 | Siddhartha Systematic Investment Scheme | SSIS | 9.33 | 9 | 0.33 | 3.67% |
| 25 | Siddhartha Investment Growth Scheme-2 | SIGS2 | 10.03 | 9.68 | 0.35 | 3.62% |
| 26 | Citizens Super 30 Mutual Fund | C30MF | 10.77 | 10.4 | 0.37 | 3.56% |
| 27 | Prabhu Smart Fund | PRSF | 10.96 | 10.6 | 0.36 | 3.40% |
| 28 | Laxmi Unnati Kosh | LUK | 10.38 | 10.04 | 0.34 | 3.39% |
| 29 | NIC ASIA Balanced Fund | NICBF | 10.65 | 10.31 | 0.34 | 3.30% |
| 30 | NIC Asia Dynamic Debt Fund | NADDF | 10.72 | 10.38 | 0.34 | 3.28% |
| 31 | NIBL Growth Fund | NIBLGF | 10.45 | 10.14 | 0.31 | 3.06% |
| 32 | NIC Asia Select-30 | NICSF | 11.25 | 10.92 | 0.33 | 3.02% |
| 33 | Siddhartha Equity Fund | SEF | 9.97 | 9.68 | 0.29 | 3.00% |
| 34 | Siddhartha Investment Growth Scheme 3 | SIGS3 | 10.64 | 10.34 | 0.3 | 2.90% |
| 35 | Sunrise Focused Equity Fund | SFEF | 10.33 | 10.04 | 0.29 | 2.89% |
| 36 | Sunrise First Mutual Fund | SFMF | 11.37 | 11.06 | 0.31 | 2.80% |
| 37 | Laxmi Value Fund-II | LVF2 | 10.41 | 10.13 | 0.28 | 2.76% |
| 38 | Sunrise Bluechip Fund | SBCF | 9.94 | 9.68 | 0.26 | 2.69% |
| 39 | NIBL Sahabhagita Fund | NIBLSF | 10.37 | 10.1 | 0.27 | 2.67% |
| 40 | NIC Asia Growth Fund | NICGF | 11.19 | 10.9 | 0.29 | 2.66% |
| 41 | NIBL Samriddhi Fund - 2 | NIBSF2 | 9.25 | 9.02 | 0.23 | 2.55% |
| 42 | NIBL Pragati Fund | NIBLPF | 9.80 | 9.68 | 0.12 | 1.24% |
| 43 | NIC Asia Growth Fund 2 | NICGF2 | 9.98 | 0 | 0 | 0.00% |
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 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.
