How Did Mutual Fund Perform in the Month of Ashad? A Complete Analysis of Multiple Factors

Mon, Aug 1, 2022 5:45 AM on Mutual Fund, Exclusive,

There are currently 31 mutual funds in the country. Kumari Dhanabriddhi Yojana (KDBY) and NIC Asia Flexi Cap Fund (NICFC) was listed recently. Click here for a detailed list of Mutual fund

Mutual Funds have an investment in listed/unlisted companies of Rs. 17.62 Arba in the month of Ashad compared to Rs. 17.15 Arba in Jestha, 2079. This means 31 mutual funds gained Rs 46.79 crores (approx) in the month of Ashad.

Similarly, the mutual fund bank balance increased to Rs. 7.588 Arba in Ashad from Rs. 6.18 Arba in Jestha. Mutual Funds have invested in debentures and bonds amounting to Rs. 3.04 Arba. Similarly, the funds also have invested 2.26% in primary shares/Rights which amounts to Rs. 73.46 crores.

The top investments by mutual funds irrespective of sectors in the month of Ashad are as follows:

The topmost bought stocks in Ashad by the overall mutual fund industry are as follows:

The topmost sold stocks in Ashad by the overall mutual fund industry are as follows:

Sector-wise Breakdown
Investment in the commercial banking industry accounts for the highest sector-wise investment of Rs. 6.10 Arba, making up 34.72% of total investment. Likewise, they have an investment of Rs. 3.32 Arba in shares of the Microfinance sector, accounting for 18.90% of total investment. The Life Insurance sector stands at the third-highest investment priority for mutual funds with an investment worth Rs. 1.69 Arba, contributing 9.62% of total investments.

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. 76.65 crores. Sanima Bank Limited (SANIMA) stands in the second position with an investment of Rs. 47.46 crores. Nepal Bank Limited (NBL) stands in the third position with an investment of Rs. 41.60 crores.

Development Banks:
As for the development banks, Muktinath Bikas Bank Limited (MNBBL) has the highest investment preference among mutual funds. The mutual funds have invested an amount worth Rs. 32.78 crores. Garima Bikas Bank Limited (GBBL) is seen in the second position with an investment worth Rs. 25.79 crores. Kamana Sewa Bikas Bank Limited (KSBBL) has an investment of Rs. 11.61 crores at the third position.

As for the finance companies, the top two investments were Manjushree Finance Limited (MFIL) and Goodwill Finance company Limited (GFCL). Mutual funds invested an amount of Rs. 5.93 Crores in MFIL, Rs. 5.30 crores in GFCL.

Hotels and Tourism:
Among the four listed hotels and a tourism sector in NEPSE, mutual funds have given higher priority to Oriental Hotel Limited (OHL) with an investment of Rs. 3.31 crores.

Hydropower Companies:
The inclination of investment in hydropower companies for mutual funds was in Chilime Hydropower Company Limited (CHCL) with an investment of Rs. 12.64 crores, Arun Valley Hydropower Development Company Limited (AHPC) with an investment of Rs. 9.51 crores and Sanima Mai Hydropower Limited (SHPC) with an investment of Rs. 9.32 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 priorities for mutual funds. Mutual Fund schemes have around Rs. 44.79 crores in investments in NLICL, Rs. 32.23 crores investments in LICN, and Rs. 23.55 crores in NLIC.

Manufacturing and Products:
Mutual Funds have invested Rs. 22.16 crores in Himalayan Distillery Limited (HDL), Rs. 14.86 crores in Shivam Cements Limited (SHIVM) and Rs. 4.67 crore in Bottlers Nepal (Terai) Limited (BNT) as of Ashad, 2079.

Microfinance Companies:
Among the listed microfinance companies, Chhimek Laghubitta Bittiya Sanstha Limited (CBBL), Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) and Sana Kisan Laghubitta Bittiya Sanstha Limited (SKBBL) were the top three investment priorities for mutual funds. Mutual Funds invested Rs. 67.65 crores in CBBL, Rs. 37.72 crores in NUBL, and Rs. 30.45 crores in SKBBL.

Mutual Fund:
The mutual fund schemes also invest in other mutual funds. RBB Mutual Fund-1 (RMF1) falls under the highest investment value mutual fund. It has an investment of Rs. 6.83 crores. Sunrise First Mutual Fund (SFMF) has the second-highest equity fund with a value of Rs. 6.45 crores. Finally, Prabhu Select Fund (PSF) stood third-highest investment of Rs. 6.13 crores.

Non-Life Insurance companies:
Among the non-life insurance companies in Nepal, Neco Insurance Company Limited (NIL), Premier Insurance Company Limited (PIC), and Shikhar Insurance Company Limited (SICL) are the investment companies of top priorities for mutual funds. Mutual Fund schemes have around Rs. 38.85 crores investments in NIL, Rs. 26.73 crores in PIC, and Rs. 19.13 crores in SICL.

Promoter shares:
Similarly, the promoter share as per the choice of mutual funds are:

As for the other sector, mutual funds have invested Rs. 23.88 crores in Nepal Reinsurance Company Limited (NRIC), Rs. 4.6 crores in Nepal Doorsanchar Company Limited (NTC).

As for the Investment sector, Citizen Investment Trust (CIT) has the highest investment worth Rs. 20.10 crores. Similarly, Nepal Infrastructure Bank Limited (NIFRA) stands in the second position with an investment of Rs. 8.58 crores.

Change in NAV:
NAV stands for Net Asset Value which represents a fund’s per unit market value. Investors use this Value for the transaction of 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 in accordance with the change in their asset and liabilities.

In the month of Ashad, 2079, NMB Saral Bachat Fund - E (NMBSBF) NAV gained most by 3.41% followed by SEF which is risen by 2.63%.

S. No. Mutual Fund Symbol NAV as of Ashad 2079 NAV as of Jestha 2079 Price Change % Change
1 NMB Saral Bachat Fund - E NMBSBF 9.11 8.81 0.3 3.41%
2 Siddhartha Equity Fund SEF 10.92 10.64 0.28 2.63%
3 Kumari Equity Fund KEF 10.33 10.09 0.24 2.38%
4 Mega Mutual Fund - 1 MMF1 8.64 8.45 0.19 2.25%
5 Citizens Mutual Fund-1 CMF1 9.14 8.96 0.18 2.01%
6 Nabil Balanced Fund - 2 NBF2 10.85 10.64 0.21 1.97%
7 NMB Hybrid Fund L- 1 NMBHF1 13.12 12.87 0.25 1.94%
8 Siddhartha Investment Growth Scheme-2 SIGS2 11.02 10.82 0.2 1.85%
9 RBB Mutual Fund 1 RMF1 8.97 8.83 0.14 1.59%
10 Citizens Mutual Fund - 2 CMF2 9.93 9.78 0.15 1.53%
11 Prabhu Select Fund PSF 9.82 9.69 0.13 1.34%
12 Nabil Equity Fund NEF 10.59 10.45 0.14 1.34%
13 NIC Asia Growth Fund NICGF 12.81 12.65 0.16 1.26%
14 Nabil Balanced Fund III NBF3 8.58 8.48 0.1 1.18%
15 NIBL Pragati Fund NIBLPF 10.42 10.3 0.12 1.17%
16 Siddhartha Systematic Investment Scheme SSIS 8.08 7.99 0.09 1.13%
17 NIBL Samriddhi Fund - 2 NIBSF2 8.56 8.47 0.09 1.06%
18 Sunrise First Mutual Fund SFMF 12.76 12.63 0.13 1.03%
19 NIC ASIA Balanced Fund NICBF 12.17 12.07 0.1 0.83%
20 NIC Asia Select-30 NICSF 9.81 9.73 0.08 0.82%
21 Sunrise Bluechip Fund SBCF 8.82 8.75 0.07 0.80%
22 NIC Asia Dynamic Debt Fund NADDF 10.72 10.64 0.08 0.75%
23 NMB 50 NMB50 13.28 13.2 0.08 0.61%
24 Laxmi Equity Fund LEMF 10.52 10.46 0.06 0.57%
25 Laxmi Unnati Kosh LUK 10.55 10.49 0.06 0.57%
26 NIBL Sahabhagita Fund NIBLSF 10.72 10.68 0.04 0.37%
27 Sanima Large Cap Fund SLCF 8.89 8.88 0.01 0.11%
28 Sanima Equity Fund SAEF 14.4 14.4 0 0.00%
29 Kumari Dhanabriddhi Yojana KDBY 9.98 0 9.98 0.00%
30 NIC Asia Flexi Cap Fund NICFC 9.97 0 9.97 0.00%
31 Global IME Samunnat Scheme 1 GIMES1 9.79 9.8 -0.01 -0.10%

Analyzing the pattern of investment of mutual fund schemes can help investors design their own investment portfolios, and customize them on the basis of risk-taking capacity. It is also helpful for relatively new investors to make buy/sell decisions based on the decisions of the mutual fund's schemes and safeguard themselves against some risk.

All the data are generated from SSpro Software. To know 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, 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.