Know How Did The Mutual Funds Perform in Ashwin , A Complete Analysis of Multiple Factors
Sun, Nov 2, 2025 2:55 PM on Mutual Fund, Highlight News,
There are currently 40 closed-end mutual funds listed on the Nepal Stock Exchange, whereas 12 open-end schemes are traded directly with the respective fund manager. HLI Large Cap Fund (HLILCF) has recently issued its units to the general public, upon which there will be 52 schemes altogether.
Click here for a detailed list of Mutual funds
Mutual Fund Schemes have an accumulative investment in listed/unlisted companies of Rs. 42.64 Arba in the month of Ashwin, 2082, compared to Rs. 49.96 Arba in Bhadra, 2082.
Similarly, the mutual fund bank balance increased to Rs. 8.49 Arba in Ashwin from Rs. 8.49 Arba in Bhadra . Mutual Funds have invested in debentures and bonds amounting to Rs. 3.05 Arba. Similarly, the funds have also invested 2.45% in primary shares/Rights, which amounts to Rs. 1.41 Arba.
The top investments by mutual funds, irrespective of sectors, in the month of Ashwin, are as follows:
The topmost bought stocks in Ashwin by the overall mutual fund industry are as follows:
The topmost sold stocks in Ashwin 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 Ashwin. Investment in the commercial banking industry accounts for the highest sector-wise investment of Rs. 8.96 Arba, making up 18.44% of total investment. Likewise, they have an investment of Rs. 6.38 Arba in shares of the Microfinance sector, for 13.14% of the total investment. The Non-Life Insurance sector stands at the third-highest investment priority for mutual funds, with an investment worth Rs. 6.11. Arba, contributing 12.57 % 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. 1.19 Arba. Sanima Bank Limited (SANIMA) stands in second place with an of Rs. 96.09 crores. Siddhartha Bank Limited (SBL) stands in the third position with an investment of Rs. 83.31 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. 1.16 Arba. Muktinath Bikas Bank Limited (MNBBL) is seen in the second position with an investment worth Rs. 78.43 crores. Shine Resunga Development Bank Limited (SHINE) has an investment of Rs. 70.65 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. 21.81 Crores in MFIL and Rs. 16.69 Crores in ICFC.
Hotels and Tourism:
Among the five listed hotels and the tourism sector in NEPSE, mutual funds have given higher priority to Soaltee Hotel Limited (SHL) with an investment of Rs. 50.08 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. 1.02 Arba, with an investment of Api Power Company Limited (API) of Rs. 79.01 crores, and Sahas Urja Limited (SAHAS) with an investment of Rs. 59.33 crores.
Life Insurance Companies:
Among the life insurance companies in Nepal, National Life Insurance Company Limited (NLICL), Nepal Life Insurance Company Limited (NLIC), and Himalayan Life Insurance Limited (HLI) are the top priority investment companies for mutual funds. Mutual Fund schemes have around Rs. 1.5 Arba in investments in NLICL, Rs. 1.2 Arba in investments in NLIC, and Rs. 65.97 crore in HLI.
Manufacturing and Products:
Mutual Funds have invested Rs. 1.24 Arba in Shivam Cements Limited (SHIVM), Rs. 53.92 crore in Sarbottam Cements Limited (SARBTM), and Rs. 52.21 crore in Himalayan Distillery Limited (HDL), as of Ashwin, 2082.
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. 1.32 Arba in CBBL, Rs. 1 Arba in NUBL, and Rs. 1.01 Arba in SKBBL.
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. 18.13 crores. NIC Asia Growth Fund 2 (NICGF2) has the second-highest equity fund with a value of Rs. 16.53 crores. Finally, Kumari Sabal Yojana (KSY) stood as the third-highest investment of Rs. 12.22 crores.
Non-life insurance companies:
Among the non-life insurance companies in Nepal, Siddhartha Premier Insurance Limited (SPIL), Sagarmatha Lumbini Insurance Company Limited (SALICO) and Neco Insurance Company Limited (NIL), are the investment companies of top priority for mutual funds. Mutual Fund schemes have around Rs. 1.27 Arba investments in SPIL, Rs. 1.13 Arba in SALICO and Rs. 1.05 Arba in NIL.
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. 98.02 crores in Himalayan Reinsurance Limited (HRL), and Rs. 94.01 crores in Nepal Reinsurance Company Limited (NRIC).
Investment:
As for the Investment sector, Citizen Investment Trust (CIT) has the highest investment worth Rs. 68.3 crores. Similarly, CEDB Hydropower Development Company Limited (CHDC) stands in the second position with an investment of Rs. 42.68 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 Ashwin, 2082, NIBL Sahabhagita Fund (NIBLSF ) NAV lossed the highest by 8.91%. Conversely, NI 31 (NI 31) lossed the least, 2.72%.
| S. No. | Mutual Fund | Symbol | NAV as of Ashwin | NAV as of Bhadra | Price Change | % Change |
|---|---|---|---|---|---|---|
| 1 | NIBL Sahabhagita Fund | NIBLSF | 9.41 | 10.33 | -0.92 | -8.91% |
| 2 | Garima Samriddhi Yojana | GSY | 8.95 | 9.79 | -0.84 | -8.58% |
| 3 | NIBL Stable Fund | NIBLSTF | 9.12 | 9.91 | -0.79 | -7.97% |
| 4 | NIC Asia Select-30 | NICSF | 9.02 | 9.8 | -0.78 | -7.96% |
| 5 | Kumari Sabal Yojana | KSY | 9.42 | 10.21 | -0.79 | -7.74% |
| 6 | Laxmi Value Fund-II | LVF2 | 9.6 | 10.35 | -0.75 | -7.25% |
| 7 | Mega Mutual Fund - 1 | MMF1 | 9 | 9.7 | -0.7 | -7.22% |
| 8 | Muktinath Mutual Fund 1 | MNMF1 | 9.08 | 9.78 | -0.7 | -7.16% |
| 9 | Nabil Flexi Cap Fund | NFCF | 9.82 | 10.55 | -0.73 | -6.92% |
| 10 | NIC Asia Growth Fund 2 | NICGF2 | 9.62 | 10.32 | -0.7 | -6.78% |
| 11 | Global IME Balance Fund-I | GIBF1 | 10.82 | 11.6 | -0.78 | -6.72% |
| 12 | Citizens Super 30 Mutual Fund | C30MF | 9.68 | 10.36 | -0.68 | -6.56% |
| 13 | Kumari Sunaulo Lagani Yojana | KSLY | 10.43 | 11.16 | -0.73 | -6.54% |
| 14 | NIBL Samriddhi Fund - 2 | NIBSF2 | 9.16 | 9.8 | -0.64 | -6.53% |
| 15 | NIBL Growth Fund | NIBLGF | 9.17 | 9.81 | -0.64 | -6.52% |
| 16 | Shubha Laxmi Kosh | SLK | 9.78 | 10.46 | -0.68 | -6.50% |
| 17 | Prabhu Select Fund | PSF | 11.01 | 11.77 | -0.76 | -6.46% |
| 18 | Kumari Dhanabriddhi Yojana | KDBY | 10.06 | 10.75 | -0.69 | -6.42% |
| 19 | Prabhu Smart Fund | PRSF | 11.3 | 12.07 | -0.77 | -6.38% |
| 20 | Laxmi Unnati Kosh | LUK | 9.46 | 10.1 | -0.64 | -6.34% |
| 21 | Himalayan 80-20 | H8020 | 10.69 | 11.39 | -0.7 | -6.15% |
| 22 | NIC Asia Flexi Cap Fund | NICFC | 9.6 | 10.22 | -0.62 | -6.07% |
| 23 | Reliable Samriddhi Yojana | RSY | 9.74 | 10.36 | -0.62 | -5.98% |
| 24 | NMB Saral Bachat Fund - E | NMBSBF | 9.90 | 10.53 | -0.63 | -5.98% |
| 25 | Siddhartha Equity Fund | SEF | 9.38 | 9.97 | -0.59 | -5.92% |
| 26 | Citizens Mutual Fund - 2 | CMF2 | 9.11 | 9.68 | -0.57 | -5.89% |
| 27 | NMB Sulav Investment Fund - II | NSIF2 | 10.81 | 11.47 | -0.66 | -5.75% |
| 28 | Nabil Balanced Fund III | NBF3 | 9.57 | 10.15 | -0.58 | -5.71% |
| 29 | Siddhartha Investment Growth Scheme-2 | SIGS2 | 9.69 | 10.27 | -0.58 | -5.65% |
| 30 | Siddhartha Systematic Investment Scheme | SSIS | 9.88 | 10.47 | -0.59 | -5.64% |
| 31 | Nabil Balanced Fund - 2 | NBF2 | 9.91 | 10.5 | -0.59 | -5.62% |
| 32 | Kumari Equity Fund | KEF | 9.44 | 10 | -0.56 | -5.60% |
| 33 | Siddhartha Investment Growth Scheme 3 | SIGS3 | 10.03 | 10.62 | -0.59 | -5.56% |
| 34 | MBL Equity Fund | MBLEF | 9.8 | 10.36 | -0.56 | -5.41% |
| 35 | Global IME Samunnat Yojana -II | GBIMESY2 | 9.12 | 9.64 | -0.52 | -5.39% |
| 36 | NMB 50 | NMB50 | 9.68 | 10.21 | -0.53 | -5.19% |
| 37 | RBB Mutual Fund 2 | RMF2 | 9.91 | 10.45 | -0.54 | -5.17% |
| 38 | Sunrise Focused Equity Fund | SFEF | 9.93 | 10.47 | -0.54 | -5.16% |
| 39 | Sunrise Bluechip Fund | SBCF | 9.24 | 9.74 | -0.5 | -5.13% |
| 40 | Citizens Sadabahar Yojana | CSY | 9.21 | 9.7 | -0.49 | -5.05% |
| 41 | Sanima Large Cap Fund | SLCF | 9.44 | 9.94 | -0.5 | -5.03% |
| 42 | NIC Asia Dynamic Debt Fund | NADDF | 9.43 | 9.91 | -0.48 | -4.84% |
| 43 | RBB Mutual Fund 1 | RMF1 | 9.22 | 9.67 | -0.45 | -4.65% |
| 44 | Sanima Growth Fund | SAGF | 9.79 | 10.26 | -0.47 | -4.58% |
| 45 | Sunrise First Mutual Fund | SFMF | 9.78 | 10.24 | -0.46 | -4.49% |
| 46 | NIC ASIA Balanced Fund | NICBF | 9.56 | 9.99 | -0.43 | -4.30% |
| 47 | NMB Hybrid Fund L-II | NMBHF2 | 9.79 | 10.22 | -0.43 | -4.21% |
| 48 | NIC ASIA Equity Linked Investment Scheme | NICELIS | 9.55 | 9.96 | -0.41 | -4.12% |
| 49 | Prabhu Systematic Investment Scheme | PSIS | 9.4 | 9.73 | -0.33 | -3.39% |
| 50 | Sanima Flexi Fund | SFF | 9.74 | 10.05 | -0.31 | -3.08% |
| 51 | NI 31 | NI31 | 9.65 | 9.92 | -0.27 | -2.72% |
| 52 | HLI Large Cap Fund | HLILCF | 9.69 | 0 | 9.69 | 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 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.
