Overview of Mutual Fund Trends in Nepal: Sector-wise Investments, Top Stocks, and NAV Changes in Jestha
Mon, Jun 30, 2025 4:20 PM on Mutual Fund, Financial Analysis, Highlight News, Company Analysis, SS Pro,
There are currently 38 closed-end mutual funds listed on the Nepal Stock Exchange, whereas 8 open-end schemes are traded directly with the respective fund manager.
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Mutual Fund Schemes have an accumulative investment in listed/unlisted companies of Rs. 45.96 Arba in the month of Jestha, 2082, compared to Rs. 43.87 Arba in Baisakh, 2081.
Similarly, the mutual fund bank balance increased to Rs. 8.82 Arba in Jestha from Rs. 8.45 Arba in Baisakh. Mutual Funds have invested in debentures and bonds amounting to Rs. 2.74 Arba. Similarly, the funds have also invested 2.36% in primary shares/Rights, which amounts to Rs. 1.44 Arba.
The top investments by mutual funds, irrespective of sectors, in the month of Jestha, are as follows:
The topmost bought stocks in Jestha by the overall mutual fund industry are as follows:
The topmost sold stocks in Jestha 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 Jestha. Investment in the commercial banking industry accounts for the highest sector-wise investment of Rs. 9.05 Arba, making up 19.68% of total investment. Likewise, they have an investment of Rs. 6.39 Arba in shares of the Non-Life Insurance sector, for 13.88% of the total investment. The Microfinance sector stands at the third-highest investment priority for mutual funds, with an investment worth Rs. 6.24 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, Everest Bank Limited (EBL) is seen as the top priority for investment mutual funds. It accounts for an investment worth Rs. 1.16 Arba. Sanima Bank Limited (SANIMA) stands in second place with an of Rs. 1.14 Arba. NMB Bank Limited (NMB) stands in the third position with an investment of Rs. 74.80 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. 1.04 Arba. Shine Resunga Development Bank Limited (SHINE) is seen in the second position with an investment worth Rs. 67.40 crores. Kamana Sewa Bikas Bank Limited (KSBBL) has an investment of Rs. 66.52 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. 16.10 Crores in MFIL and Rs. 13.39 Crores in ICFC.
Hotels and Tourism:
Among the six listed hotels and the tourism sector in NEPSE, mutual funds have given higher priority to Chandragiri Hotel Limited (CGH) with an investment of Rs. 32.01 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. 79.63 crores, with an investment of Api Power Company Limited (API) of Rs. 64.52 crores, and Sahas Urja Limited (SAHAS) with an investment of Rs. 43.33 crores.
Life Insurance Companies:
Mutual Funds have invested Rs. 1 Arba in Shivam Cements Limited (SHIVM), Rs. 36.08 crore inSarbottam Cements Limited (SARBTM), and Rs. 34.25 crore in Himalayan Distillery Limited (HDL) as of Jestha, 2082.
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. 1.23 Arba in CBBL, Rs. 99.15 Crores in SKBBL, and Rs. 90.36 crores 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. 17.78 crores. Sunrise Focused Equity Fund (SFEF) has the second-highest equity fund with a value of Rs. 17.69 crores. Finally, NIC Asia Growth Fund 2 (NICGF2) stood as the third-highest investment of Rs. 17.50 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. 1.31 Arba investments in NIL, Rs. 1.3 Arba in SPIL, and Rs. 1.14 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. 1.07 Arba in Himalayan Reinsurance Limited (HRL), and Rs. 55.13 crores in Nepal Reinsurance Company Limited (NRIC).
Investment:
As for the Investment sector, Citizen Investment Trust (CIT) has the highest investment worth Rs. 78.68 crores. Similarly, CEDB Hydropower Development Company Limited (CHDC) stands in the second position with an investment of Rs. 53.2 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 Jestha, 2081, Prabhu Select Fund (PSF) NAV gained the highest by 3.07%. Conversely, NIC Asia Select-30 (NICSF) lost the most, 1.88%.
| S. No. | Mutual Fund | Symbol | NAV as of Jestha | NAV as of Baisakh | Price Change | % Change |
|---|---|---|---|---|---|---|
| 1 | Prabhu Select Fund | PSF | 12.74 | 12.36 | 0.38 | 3.07% |
| 2 | Prabhu Smart Fund | PRSF | 12.78 | 12.46 | 0.32 | 2.57% |
| 3 | Garima Samriddhi Yojana | GSY | 10.44 | 10.2 | 0.24 | 2.35% |
| 4 | Citizens Super 30 Mutual Fund | C30MF | 11.19 | 10.95 | 0.24 | 2.19% |
| 5 | Kumari Equity Fund | KEF | 10.77 | 10.58 | 0.19 | 1.80% |
| 6 | Siddhartha Investment Growth Scheme-2 | SIGS2 | 11.81 | 11.63 | 0.18 | 1.55% |
| 7 | RBB Mutual Fund 1 | RMF1 | 11.21 | 11.04 | 0.17 | 1.54% |
| 8 | Siddhartha Investment Growth Scheme 3 | SIGS3 | 11.91 | 11.73 | 0.18 | 1.53% |
| 9 | Kumari Sunaulo Lagani Yojana | KSLY | 11.71 | 11.54 | 0.17 | 1.47% |
| 10 | Global IME Balance Fund-I | GIBF1 | 12.35 | 12.18 | 0.17 | 1.40% |
| 11 | Siddhartha Equity Fund | SEF | 11.68 | 11.53 | 0.15 | 1.30% |
| 12 | Himalayan 80-20 | H8020 | 12.82 | 12.66 | 0.16 | 1.26% |
| 13 | NMB 50 | NMB50 | 11.45 | 11.31 | 0.14 | 1.24% |
| 14 | Kumari Dhanabriddhi Yojana | KDBY | 11.46 | 11.32 | 0.14 | 1.24% |
| 15 | NIBL Samriddhi Fund - 2 | NIBSF2 | 10.04 | 9.92 | 0.12 | 1.21% |
| 16 | RBB Mutual Fund 2 | RMF2 | 11.34 | 11.21 | 0.13 | 1.16% |
| 17 | NMB Sulav Investment Fund - II | NSIF2 | 12.38 | 12.24 | 0.14 | 1.14% |
| 18 | Kumari Sabal Yojana | KSY | 10.73 | 10.62 | 0.11 | 1.04% |
| 19 | Muktinath Mutual Fund 1 | MNMF1 | 10.23 | 10.13 | 0.1 | 0.99% |
| 20 | Sunrise Bluechip Fund | SBCF | 11.34 | 11.23 | 0.11 | 0.98% |
| 21 | Laxmi Unnati Kosh | LUK | 11.66 | 11.55 | 0.11 | 0.95% |
| 22 | Siddhartha Systematic Investment Scheme | SSIS | 10.86 | 10.76 | 0.1 | 0.93% |
| 23 | NIC ASIA Balanced Fund | NICBF | 10.84 | 10.75 | 0.09 | 0.84% |
| 24 | Sunrise First Mutual Fund | SFMF | 11.3 | 11.21 | 0.09 | 0.80% |
| 25 | Sunrise Focused Equity Fund | SFEF | 11.43 | 11.34 | 0.09 | 0.79% |
| 26 | NIBL Growth Fund | NIBLGF | 10.44 | 10.36 | 0.08 | 0.77% |
| 27 | NIBL Sahabhagita Fund | NIBLSF | 10.86 | 10.79 | 0.07 | 0.65% |
| 28 | NMB Saral Bachat Fund - E | NMBSBF | 10.34 | 10.28 | 0.06 | 0.58% |
| 29 | NIC Asia Flexi Cap Fund | NICFC | 10.96 | 10.9 | 0.06 | 0.55% |
| 30 | Sanima Growth Fund | SAGF | 11.52 | 11.46 | 0.06 | 0.52% |
| 31 | Sanima Large Cap Fund | SLCF | 11.59 | 11.54 | 0.05 | 0.43% |
| 32 | MBL Equity Fund | MBLEF | 9.99 | 9.95 | 0.04 | 0.40% |
| 33 | NIBL Stable Fund | NIBLSTF | 9.73 | 9.7 | 0.03 | 0.31% |
| 34 | NMB Hybrid Fund L-II | NMBHF2 | 9.91 | 9.88 | 0.03 | 0.30% |
| 35 | Nabil Balanced Fund III | NBF3 | 11.22 | 11.19 | 0.03 | 0.27% |
| 36 | Sanima Flexi Fund | SFF | 9.93 | 9.91 | 0.02 | 0.20% |
| 37 | Citizens Mutual Fund - 2 | CMF2 | 10.44 | 10.42 | 0.02 | 0.19% |
| 38 | Reliable Samriddhi Yojana | RSY | 9.95 | 9.96 | -0.01 | -0.10% |
| 39 | Nabil Balanced Fund - 2 | NBF2 | 11.43 | 11.45 | -0.02 | -0.17% |
| 40 | Laxmi Value Fund-II | LVF2 | 11.41 | 11.43 | -0.02 | -0.17% |
| 41 | Nabil Flexi Cap Fund | NFCF | 11.32 | 11.34 | -0.02 | -0.18% |
| 42 | Shubha Laxmi Kosh | SLK | 11.55 | 11.59 | -0.04 | -0.35% |
| 43 | Mega Mutual Fund - 1 | MMF1 | 10.49 | 10.54 | -0.05 | -0.47% |
| 44 | NIC Asia Dynamic Debt Fund | NADDF | 10.33 | 10.39 | -0.06 | -0.58% |
| 45 | NIC Asia Growth Fund 2 | NICGF2 | 10.13 | 10.25 | -0.12 | -1.17% |
| 46 | NIC Asia Select-30 | NICSF | 10.46 | 10.66 | -0.2 | -1.88% |
All the data is 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.
