6 mutual fund schemes has invested Rs 57 crores in EBL, CHCL, SCB (in-depth analysis inside)
Fri, Jul 17, 2015 12:00 AM on Mutual Fund, Others,
ShareSansar July 15:
There are six licensed mutual fund schemes run by five merchant Banks so far in Nepal. They are Siddhartha Investment Growth Scheme-1 (SIGS1) scheme value ofRs 50 crore, Siddhartha Equity Oriented Scheme (SEOS) scheme value of 100 crore, Laxmi Value Fund-1 scheme value of Rs 50 crore, Nabil Balanced Fund-1 scheme value of 50 crore , NIBL Samriddhi Fund-1scheme value of Rs 100 crore and NMB Sulav Investment Fund-1 scheme value of Rs 75 crore .
As per the unaudited financial statement published by six Mutual Fund Schemes as of Jestha end, 2072; in total Rs 3.33 arba amount of investment is seen in the shares of listed companies of Nepal Stock Exchange Limited.
The highest chunk of this investment has gone into buying the shares of commercial banks. As per the analysis done by ShareSansar, it has been found that 55.58% which translates into massive Rs1.85 arbais invested in shares of commercial banking sector alone.
The microfinance sector has emerged a distant second to attract investments from mutual funds. Mutual funds have invested Rs 35.22 crore in the shares of microfinance companies, which is 10.56% of their combined investments in stocks.
The rest of the pie is divided as follows: Hydropower sector (Rs 26.45 crore or 7.93%), Non-life Insurance companies (Rs 22.39 or 6.71%), Life insurance companies (23.18crore or 6.95%), Development banking sector (22.19 crore or 6.65%), Telecommunication or Others sector (11.43 crore or 3.43%), Manufacturing (Rs 3.47 crore or 1.04%), Finance companies (1.84 crore or 0.55%) and Hotels (Rs 1.93 crore or 0.58%).
In terms of highest investment in individual companies the stocks of Everest Bank (EBL),Chilime Hydropower (CHCL), Standard Chartered Bank (SCB), NIC Asia Bank (NICA), and Nepal SBI Bank (NSBI) are clear favorite with the mutual fund managers.
Of the total Rs 3.33 arba share investment amount; 7.22 % has been invested in the Everest Bank Limited (EBL),5.40% in Chilime Hydropower (CHCL) , 4.46% in Standard Chartered Bank (SCB), 3.79%NIC Asia (NICA), 3.54% in Nepal SBI (NSBI).
Here is the top 10 favorite stocks for the investment by mutual fund companies.
Top 10 Investment of MF's on Listed Companies |
||
Company |
Amount (Rs) |
% share |
Everest Bank |
240,795,588.00 |
7.22% |
Chilime Hydropower |
180,011,016.00 |
5.40% |
Standard Chatered Bank |
148,832,841.00 |
4.46% |
NIC Asia |
126,262,225.00 |
3.79% |
Nepal SBI bank |
118,074,620.00 |
3.54% |
Nepal Doorsanchar |
114,359,250.00 |
3.43% |
Nabil bank ( Promoter) |
102,080,812.00 |
3.06% |
National Life Insurance |
94,685,337.00 |
2.84% |
Swabalamban Laghubitta Bikas Bank |
91,869,113.00 |
2.75% |
Himalayan Bank |
91,804,615.00 |
2.75% |
Top 5 Investment of Commercial Bank |
||
Company |
Amount (Rs) |
% share |
Everest Bank |
240,795,588.00 |
12.99% |
Standard Chatered Bank |
148,832,841.00 |
8.03% |
NIC Asia Bank |
126,262,225.00 |
6.81% |
Nepal SBI bank |
118,074,620.00 |
6.37% |
Nabil bank ( Promoter) |
102,080,812.00 |
5.51% |
Total Investment |
1,854,032,770.23 |
|
Top 5 Investment of Development Bank |
||
Company |
Amount (Rs) |
% share |
Muktinath Bikas bank |
50,976,624.00 |
22.97% |
Kailash Bikas Bank |
36,135,739.00 |
16.28% |
Shine Resunga dev bank |
25,366,580.00 |
11.43% |
City Development bank |
21,612,314.00 |
9.74% |
Garima Bikas Bank |
20,050,545.00 |
9.03% |
Total Investment |
221,969,385.00 |
|
Top 5 Investment of Micro Finance Companies |
||
Company |
Amount (Rs) |
% share |
Swabalamban Laghubitta Bikas Bank |
91,869,113.00 |
26.08% |
Rural Microfinance Dev Center |
59,238,170.00 |
16.82% |
Sana Kisan Bikas Bank |
41,761,528.00 |
11.85% |
Chimmek Laghubitta Bikas bank |
35,766,240.00 |
10.15% |
Nerude Laghubitta Bikas bank |
31,995,624.00 |
9.08% |
Total Investment |
352,289,936.00 |
|
Top 5 Investment of Life Insurance |
||
Company |
Amount (Rs) |
% share |
National Life Insurance |
94,685,337.00 |
40.85% |
Prime Life Insurance |
60,647,160.00 |
26.16% |
life insurance corporation nepal |
31,430,115.00 |
13.56% |
Nepal Life Insurance |
29,396,800.00 |
12.68% |
Asian Life Insurance |
9,822,320.00 |
4.24% |
Total Investment |
231,813,649.00 |
|
Top 5 Investment of Non-Life Insurance |
||
Company |
Amount (Rs) |
% share |
sagarmatha Insurance |
73,894,652.00 |
33.00% |
Shikhar Insurance |
46,937,940.00 |
20.96% |
NLG insurance |
39,517,104.00 |
17.65% |
Himalayan General Ins |
20,370,935.00 |
9.10% |
Siddhartha Insurance company |
15,983,135.00 |
7.14% |
Total Investment |
223,932,886.00 |
|
Top 5 Investment of Hydropower |
||
Company |
Amount (Rs) |
% share |
Chilime Hydropower |
180,011,016.00 |
68.04% |
Butwal power Company |
36,778,770.00 |
13.90% |
Arun Valley |
27,791,600.00 |
10.50% |
sanima mai Hydropower |
10,201,275.00 |
3.86% |
Riddhi Hydropower |
9,794,460.00 |
3.70% |
Total Investment |
264,577,121.00 |
|
Note: ShareSansar has accumulated the entire share Investment data published by existing 6 mutual schemes as of Jestha end, 2072 for the analysis.
Comparative study of mutual fund companies based on report of Jestha
