Mutual Fund Industry Lost Rs 2.71 Arba in the Month of Jestha; Look at Top Investment Preferences for Mutual Fund Schemes
Wed, Jun 29, 2022 5:29 PM on Exclusive,
There are currently 29 mutual funds in the country. Click here for a detailed list of Mutual fund
Mutual Funds have an investment in listed/unlisted companies of Rs. 17.15 Arba in Jestha compared to Rs. 19.86 Arba in Baisakh, 2079. This means 29 mutual funds lost Rs 2.71 arba (approx) in the month of Jestha.
Similarly, the mutual fund bank balance decreased to Rs. 6.180 Arba in Jestha from Rs. 6.183 Arba in Baisakh. Mutual Funds have invested in debentures and bonds amounting to Rs. 2.85 Arba. Similarly, the funds also have invested 2.53% in primary shares/Rights which amounts to Rs. 75.73 crores.
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
Investment in the commercial banking industry accounts for the highest sector-wise investment of Rs. 6.36 Arba, making up 37.02% of total investment. Likewise, they have an investment of Rs. 2.99 Arba in shares of the Microfinance sector, accounting for 17.42% of total investment. The Non-Life Insurance sector stands at the third-highest investment priority for mutual funds with an investment worth Rs. 1.67 Arba, contributing 9.77% 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. 80.96 crores. Sanima Bank Limited (SANIMA) stands in the second position with an investment of Rs. 45.64 crores. Nepal Bank Limited (NBL) stands in the third position with an investment of Rs. 41.38 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. 32.93 crores. Garima Bikas Bank Limited (GBBL) is seen in the second position with an investment worth Rs. 24.63 crores. Kamana Sewa Bikas Bank Limited (KSBBL) has an investment of Rs. 12.42 crores at 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 an amount of Rs. 5.66 Crores in MFIL, Rs. 4.3 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. 2.99 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. 10.96 crores, Arun Valley Hydropower Development Company Limited (AHPC) with an investment of Rs. 10.27 crores and Sanima Mai Hydropower Limited (SHPC) with an investment of Rs. 9.37 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. 43.57 crores in investments in NLICL, Rs. 27.5 crores investments in LICN, and Rs. 24.38 crores in NLIC.
Manufacturing and Products:
Mutual Funds have invested Rs. 21.6 crores in Himalayan Distillery Limited (HDL), Rs. 13.5 crores in Shivam Cements Limited (SHIVM) and Rs. 4.2 crore in Bottlers Nepal (Terai) Limited (BNT) as of Jestha, 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. 59.57 crores in CBBL, Rs. 30.43 crores in SKBBL, and Rs. 27.49 crores in NUBL.
Mutual Fund:
The mutual fund schemes also invest in other mutual funds. Sunrise First Mutual Fund (SFMF) falls under the highest investment value mutual fund. It has an investment of Rs. 6.82 crores. RBB Mutual Fund-1 (RMF1) has the second-highest equity fund with a value of Rs. 6.08 crores. Finally, NMB 50 (NMB50) stood third-highest investment of Rs. 5.29 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. 36.18 crores investments in NIL, Rs. 26.82 crores in PIC, and Rs. 21.01 crores in SICL.
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. 23.15 crores in Nepal Reinsurance Company Limited (NRIC), Rs. 6.18 crores in Nepal Doorsanchar Company Limited (NTC).
Investment:
As for the Investment sector, Citizen Investment Trust (CIT) has the highest investment worth Rs. 21.29 crores. Similarly, Nepal Infrastructure Bank Limited (NIFRA) stands in the second position with an investment of Rs. 9.17 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 Jestha, 2079, GLobal IME Sanunnat Scheme 1 (GIMES1) NAV declined most by 13.81% followed by SEF which declined by 13.36%.
| S.No. | Mutual Fund | Symbol | NAV as of Jestha 2079 | NAV as of Baisakh 2079 | Price Change | % Change |
|---|---|---|---|---|---|---|
| 1 | Global IME Samunnat Scheme 1 | GIMES1 | 9.8 | 11.37 | -1.57 | -13.81% |
| 2 | Siddhartha Equity Fund | SEF | 10.64 | 12.28 | -1.64 | -13.36% |
| 3 | Siddhartha Investment Growth Scheme-2 | SIGS2 | 10.82 | 12.45 | -1.63 | -13.09% |
| 4 | Nabil Equity Fund | NEF | 10.45 | 11.87 | -1.42 | -11.96% |
| 5 | Nabil Balanced Fund - 2 | NBF2 | 10.64 | 12.06 | -1.42 | -11.77% |
| 6 | Siddhartha Systematic Investment Scheme | SSIS | 7.99 | 9.01 | -1.02 | -11.32% |
| 7 | Mega Mutual Fund - 1 | MMF1 | 8.45 | 9.43 | -0.98 | -10.39% |
| 8 | NIBL Pragati Fund | NIBLPF | 10.3 | 11.48 | -1.18 | -10.28% |
| 9 | NMB 50 | NMB50 | 13.2 | 14.69 | -1.49 | -10.14% |
| 10 | Citizens Mutual Fund - 2 | CMF2 | 9.78 | 10.84 | -1.06 | -9.78% |
| 11 | Citizens Mutual Fund-1 | CMF1 | 8.96 | 9.9 | -0.94 | -9.49% |
| 12 | Sanima Equity Fund | SAEF | 14.4 | 15.88 | -1.48 | -9.32% |
| 13 | NIC Asia Growth Fund | NICGF | 12.65 | 13.95 | -1.3 | -9.32% |
| 14 | Laxmi Equity Fund | LEMF | 10.46 | 11.5 | -1.04 | -9.04% |
| 15 | Sanima Large Cap Fund | SLCF | 8.88 | 9.74 | -0.86 | -8.83% |
| 16 | Laxmi Unnati Kosh | LUK | 10.49 | 11.47 | -0.98 | -8.54% |
| 17 | NMB Saral Bachat Fund - E | NMBSBF | 8.81 | 9.63 | -0.82 | -8.52% |
| 18 | NIBL Samriddhi Fund - 2 | NIBSF2 | 8.47 | 9.22 | -0.75 | -8.13% |
| 19 | Nabil Balanced Fund III | NBF3 | 8.48 | 9.23 | -0.75 | -8.13% |
| 20 | NIC ASIA Balanced Fund | NICBF | 12.07 | 13.1 | -1.03 | -7.86% |
| 21 | Sunrise Bluechip Fund | SBCF | 8.75 | 9.47 | -0.72 | -7.60% |
| 22 | Sunrise First Mutual Fund | SFMF | 12.63 | 13.61 | -0.98 | -7.20% |
| 23 | NIBL Sahabhagita Fund | NIBLSF | 10.68 | 11.49 | -0.81 | -7.05% |
| 24 | NMB Hybrid Fund L- 1 | NMBHF1 | 12.87 | 13.84 | -0.97 | -7.01% |
| 25 | RBB Mutual Fund 1 | RMF1 | 8.83 | 9.41 | -0.58 | -6.16% |
| 26 | Kumari Equity Fund | KEF | 10.09 | 10.67 | -0.58 | -5.44% |
| 27 | Prabhu Select Fund | PSF | 9.69 | 10.18 | -0.49 | -4.81% |
| 28 | NIC Asia Select-30 | NICSF | 9.73 | 10.01 | -0.28 | -2.80% |
| 29 | NIC Asia Dynamic Debt Fund | NADDF | 10.64 | 10.91 | -0.27 | -2.47% |
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.
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