How Did Mutual Fund Perform in the Month of Falgun? A Complete Analysis of Multiple Factors
Thu, Mar 30, 2023 11:00 AM on Exclusive, Mutual Fund, Latest,
There are currently 31 closed-end mutual funds listed on Nepal Stock Exchange, whereas 6 open-end schemes are traded directly in the respective fund manager. Prabhu Smart Fund (PSMF) has recently issued its units to the general public and is yet to be listed for trading in NEPSE, upon which there will be 38 schemes altogether. Click here for a detailed list of Mutual funds.
*Note: Global IME Samunnat Scheme 1 (GIMES1), the close-end mutual fund of Global IME Capital matured on Chaitra 11, 2079.
Mutual Funds have an investment in listed/unlisted companies of Rs. 20.48 Arba in the month of Falgun compared to Rs. 21 Arba in Magh, 2079.
Similarly, the mutual fund bank balance decreased to Rs. 8.452 Arba in Falgun from Rs. 8.988 Arba in Magh. Mutual Funds have invested in debentures and bonds amounting to Rs. 3.35 Arba. Similarly, the funds also have invested 3.85% in primary shares/Rights which amounts to Rs. 1.459 Arba.
The top investments by mutual funds irrespective of sectors in the month of Falgun are as follows:
The topmost bought stocks in Falgun by the overall mutual fund industry are as follows:
The topmost sold stocks in Falgun 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. 6.565 Arba, making up 32.78% of total investment. Likewise, they have an investment of Rs. 2.520 Arba in shares of the Microfinance sector, accounting for 12.58% of the total investment. The Non-life Insurance sector stands at the third-highest investment priority for mutual funds with an investment worth Rs. 2.289 Arba, contributing 11.43% 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. 1.037 Arba. Sanima Bank Limited (SANIMA) stands in the second position with an investment of Rs. 59.03 crores. Nabil Bank Limited (NABIL) stands in the third position with an investment of Rs. 45.32 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. 39.69 crores. Muktinath Bikas Bank Limited (MNBBL) is seen in the second position with an investment worth Rs. 36.55 crores. Shine Resunga Development Bank Limited (SHINE) has an investment of Rs. 17.05 crores in the third position.
Finance:
As for the finance companies, the top two investments were Manjushree Finance Limited (MFIL) and Goodwill Finance company Limited (GFCL). Mutual funds invested Rs. 11.79 Crores in MFIL, and Rs. 8.66 crores in GFCL.
Hotels and Tourism:
Among the four listed hotels and the tourism sector in NEPSE, mutual funds have given higher priority to Chandragiri Hills Limited (CGH) with an investment of Rs. 3.75 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. 20.01 crores, Chilime Hydropower Company Limited (CHCL) with an investment of Rs. 18.95 crores, and Arun Kabeli Power Limited (AKPL) with an investment of Rs. 13.68 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. 60.09 crores in investments in NLICL, Rs. 37 crores in investments in LICN, and Rs. 33.89 crores in NLIC.
Manufacturing and Products:
Mutual Funds have invested Rs. 23.32 crores in Himalayan Distillery Limited (HDL), Rs. 17.67 crores in Shivam Cements Limited (SHIVM), and Rs. 5.25 crore in Bottlers Nepal (Terai) Limited (BNT) as of Falgun, 2079.
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. 45.28 crore in CBBL, Rs. 25.65 crores in SKBBL, and Rs. 24.79 crore in NUBL.
Mutual Fund:
The mutual fund schemes also invest in other mutual funds. Global IME Balance Fund-I (GIBF1) falls under the highest investment value mutual fund. It has an investment of Rs. 6.75 crores. NIC Asia Flexi Cap Fund (NICFC) has the second-highest equity fund with a value of Rs. 5.95 crores. Finally, RBB Mutual Fund 1 (RMF1) stood third-highest investment of Rs. 5.57 crores.
Non-Life Insurance companies:
Among the non-life insurance companies in Nepal, Neco Insurance Company Limited (NIL), Premier Insurance Company Limited (PIC), and NLG Insurance Company Limited (NLG) are the investment companies of top priority for mutual funds. Mutual Fund schemes have around Rs. 53.89 crore investments in NIL, Rs. 33.2 crore in PIC, and Rs. 21.3 crores in NLG.
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. 30.49 crores in Nepal Reinsurance Company Limited (NRIC), and Rs. 19.35 crores in Nepal Doorsanchar Company Limited (NTC).
Investment:
As for the Investment sector, Citizen Investment Trust (CIT) has the highest investment worth Rs. 28.95 crores. Similarly, Nepal Infrastructure Bank Limited (NIFRA) stands in the second position with an investment of Rs. 7.39 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 in accordance with the change in their asset and liabilities.
In the month of Falgun, 2079, Sanima Equity Fund (SAEF) NAV lost the highest by 6.76% followed by NBF2 which has fallen by 6.59%.
| S.No. | Mutual Fund | Symbol | NAV as of Falgun 2079 | NAV as of Magh 2079 | Price Change | % Change |
|---|---|---|---|---|---|---|
| 1 | Sanima Equity Fund | SAEF | 12.14 | 13.02 | -0.88 | -6.76% |
| 2 | Nabil Balanced Fund - 2 | NBF2 | 9.78 | 10.47 | -0.69 | -6.59% |
| 3 | NIBL Pragati Fund | NIBLPF | 9.87 | 10.53 | -0.66 | -6.27% |
| 4 | Siddhartha Investment Growth Scheme-2 | SIGS2 | 9.93 | 10.59 | -0.66 | -6.23% |
| 5 | Nabil Equity Fund | NEF | 9.85 | 10.5 | -0.65 | -6.19% |
| 6 | Global IME Samunnat Scheme 1 | GIMES1 | 9.81 | 10.45 | -0.64 | -6.12% |
| 7 | Global IME Balance Fund-I | GIBF1 | 9.76 | 10.39 | -0.63 | -6.06% |
| 8 | Siddhartha Equity Fund | SEF | 9.86 | 10.49 | -0.63 | -6.01% |
| 9 | NIC Asia Growth Fund | NICGF | 11.25 | 11.95 | -0.7 | -5.86% |
| 10 | Sanima Large Cap Fund | SLCF | 9.12 | 9.68 | -0.56 | -5.79% |
| 11 | Nabil Balanced Fund III | NBF3 | 8.44 | 8.95 | -0.51 | -5.70% |
| 12 | Kumari Equity Fund | KEF | 10.23 | 10.83 | -0.6 | -5.54% |
| 13 | Mega Mutual Fund - 1 | MMF1 | 8.25 | 8.73 | -0.48 | -5.50% |
| 14 | RBB Mutual Fund 1 | RMF1 | 8.93 | 9.39 | -0.46 | -4.90% |
| 15 | NIC ASIA Balanced Fund | NICBF | 10.73 | 11.26 | -0.53 | -4.71% |
| 16 | Laxmi Equity Fund | LEMF | 9.93 | 10.42 | -0.49 | -4.70% |
| 17 | NMB 50 | NMB50 | 11.02 | 11.51 | -0.49 | -4.26% |
| 18 | Sunrise Bluechip Fund | SBCF | 9.19 | 9.58 | -0.39 | -4.07% |
| 19 | Citizens Mutual Fund - 2 | CMF2 | 9.92 | 10.33 | -0.41 | -3.97% |
| 20 | NIBL Samriddhi Fund - 2 | NIBSF2 | 8.61 | 8.96 | -0.35 | -3.91% |
| 21 | Sunrise First Mutual Fund | SFMF | 12.07 | 12.55 | -0.48 | -3.82% |
| 22 | Laxmi Unnati Kosh | LUK | 10.24 | 10.59 | -0.35 | -3.31% |
| 23 | Citizens Mutual Fund-1 | CMF1 | 9.18 | 9.49 | -0.31 | -3.27% |
| 24 | Kumari Dhanabriddhi Yojana | KDBY | 10.32 | 10.65 | -0.33 | -3.10% |
| 25 | NIC Asia Flexi Cap Fund | NICFC | 10.08 | 10.4 | -0.32 | -3.08% |
| 26 | Prabhu Select Fund | PSF | 10.19 | 10.47 | -0.28 | -2.67% |
| 27 | Shubha Laxmi Kosh | SLK | 9.67 | 9.85 | -0.18 | -1.83% |
| 28 | NMB Saral Bachat Fund - E | NMBSBF | 9.02 | 9.18 | -0.16 | -1.74% |
| 29 | Siddhartha Systematic Investment Scheme | SSIS | 8.18 | 8.32 | -0.14 | -1.68% |
| 30 | NMB Sulav Investment Fund - II | NSIF2 | 10.18 | 10.34 | -0.16 | -1.55% |
| 31 | NIC Asia Select-30 | NICSF | 10.1 | 10.25 | -0.15 | -1.46% |
| 32 | NIBL Sahabhagita Fund | NIBLSF | 10.24 | 10.38 | -0.14 | -1.35% |
| 33 | NIC Asia Dynamic Debt Fund | NADDF | 10.5 | 10.64 | -0.14 | -1.32% |
| 34 | Sanima Growth Fund | SGF | 9.87 | 9.99 | -0.12 | -1.20% |
| 35 | NMB Hybrid Fund L- 1 | NMBHF1 | 11.04 | 11.16 | -0.12 | -1.08% |
| 36 | Nabil Flexi Cap Fund | NFCF | 9.65 | 9.71 | -0.06 | -0.62% |
| 37 | NIBL Growth Fund | NIBLGF | 9.86 | 9.9 | -0.04 | -0.40% |
| 38 | Sunrise Focused Equity Fund | SFEF | 9.92 | 9.94 | -0.02 | -0.20% |
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, 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.
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