Overview of Mutual Fund Trends in Nepal: Sector-wise Investments, Top Stocks, and NAV Changes in Magh
Wed, Feb 28, 2024 12:18 PM on Mutual Fund, SS Pro, Latest,
There are currently 35 closed-end mutual funds listed on the Nepal Stock Exchange, whereas 7 open-end schemes are traded directly in the respective fund manager. " NIBL Stable Fund" has issued its units to the general public but is yet to be listed for trading in NEPSE, upon which there will be 43 schemes altogether.
*Note that NIBL Pragati fund, a close-end fund, has reached maturity, and as a result, its NAV report is not available.
Click here for a detailed list of Mutual funds
Mutual Fund Schemes have an accumulative investment in listed/unlisted companies of Rs. 29.32 Arba in the month of Magh compared to Rs. 29.27 Arba in Poush, 2080.
Similarly, the mutual fund bank balance decreased to Rs. 6.03 Arba in Magh from Rs. 6.96 Arba in Poush. Mutual Funds have invested in debentures and bonds amounting to Rs. 3.55 Arba. Similarly, the funds also have invested 3.56% in primary shares/Rights which amounts to Rs. 1.61 Arba.
The top investments by mutual funds irrespective of sectors in the month of Magh are as follows:
The topmost bought stocks in Magh by the overall mutual fund industry are as follows:
The topmost sold stocks in Magh 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 Magh. Investment in the commercial banking industry accounts for the highest sector-wise investment of Rs. 6.55 Arba, making up 22.31% of total investment. Likewise, they have an investment of Rs. 4.06 Arba in shares of the Non-Life Insurance sector, accounting for 13.84% of the total investment. The Life Insurance sector stands at the third-highest investment priority for mutual funds with an investment worth Rs. 3.94 Arba, contributing 13.44% 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, NIC Asia Bank Limited (NICA) is seen as the top priority for investment by mutual funds. It accounts for an investment worth Rs. 78.68 Crores. Sanima Bank Limited (SANIMA) stands in the second position with an investment of Rs. 73.13 crores. Standard Chartered Bank Nepal Limited (SCB) stands in the third position with an investment of Rs. 45.98 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. 58.25 crores. Muktinath Bikas Bank Limited (MNBBL) is seen in the second position with an investment worth Rs. 47.65 crores. Shine Resunga Development Bank Limited (SHINE) has an investment of Rs. 35.80 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. 12.19 Crores in MFIL and Rs. 6.12 Crores in ICFC.
Hotels and Tourism:
Among the six listed hotels and the tourism sector in NEPSE, mutual funds have given higher priority to Soaltee Hotel Limited (SHL) with an investment of Rs. 11.39 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. 35.15 crores, with an investment of API Power Company Limited (API) Rs. 19.16 crores, and Chilime Hydropower Company Limited (CHCL) with an investment of Rs. 18.74 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. 88.91 crore in investments in NLICL, Rs. 56.17 crore in investments in LICN, and Rs. 48.3 crore in NLIC.
Manufacturing and Products:
Mutual Funds have invested Rs. 34.89 crore in Shivam Cements Limited (SHIVM), Rs. 19.73 crore in Unilever Nepal Limited (UNL), and Rs. 19.26 crore in Himalayan Distillery Limited (HDL) as of Magh, 2080.
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. 76.54 crore in CBBL, Rs. 64.14 crore in SKBBL, and Rs. 40.34 crore in NUBL.
Mutual Fund:
The mutual fund schemes also invest in other mutual funds. Citizens Super 30 Mutual Fund (C30MF) falls under the highest investment value mutual fund. It has an investment of Rs. 20.75 crores. Sunrise Focused Equity Fund (SFEF) has the second-highest equity fund with a value of Rs. 18.66 crores. Finally, NIC Asia Growth Fund 2 (NICGF2) stood third-highest investment of Rs. 15.29 crores.
Non-life insurance companies:
Among the non-life insurance companies in Nepal, Neco Insurance Company Limited (NIL), Siddhartha Premier Insurance Limited (SPIL), and Sagarmatha Lumbini Insurance Company Limited (SALICO) are the investment companies of top priority for mutual funds. Mutual Fund schemes have around Rs. 82.74 crore investments in NIL, Rs. 79.08 crore in SPIL, and Rs. 73.76 crore in SALICO.
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. 1.02 Arba in Himalayan Reinsurance Limited (HRL), and Rs. 34.58 crores in Nepal Reinsurance Company Limited (NRIC).
Investment:
As for the Investment sector, Citizen Investment Trust (CIT) has the highest investment worth Rs. 28.66 crores. Similarly, Nepal Infrastructure Bank Limited (NIFRA) stands in the second position with an investment of Rs. 8.03 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 Magh, 2080, Himalayan 80-20 (H8020) NAV gained the highest by 1.33% followed by NADDF with a 0.47% gain. Conversely, Citizens Mutual Fund-1 (CMF1) lost the highest 2.87%.
| S. No. | Mutual Fund | Symbol | NAV as of Magh in Rs | NAV as of Poush in Rs | Price Change | % Change |
|---|---|---|---|---|---|---|
| 1 | Himalayan 80-20 | H8020 | 10.7 | 10.56 | 0.14 | 1.33% |
| 2 | NIC Asia Dynamic Debt Fund | NADDF | 10.77 | 10.72 | 0.05 | 0.47% |
| 3 | Nabil Flexi Cap Fund | NFCF | 10.32 | 10.31 | 0.01 | 0.10% |
| 4 | Citizens Super 30 Mutual Fund | C30MF | 10.78 | 10.77 | 0.01 | 0.09% |
| 5 | NIC Asia Growth Fund 2 | NICGF2 | 9.93 | 9.98 | 0 | 0.00% |
| 6 | Prabhu Smart Fund | PRSF | 10.94 | 10.96 | -0.02 | -0.18% |
| 7 | Siddhartha Systematic Investment Scheme | SSIS | 9.31 | 9.33 | -0.02 | -0.21% |
| 8 | Global IME Balance Fund-I | GIBF1 | 10.51 | 10.55 | -0.04 | -0.38% |
| 9 | RBB Mutual Fund 2 | RMF2 | 10.79 | 10.84 | -0.05 | -0.46% |
| 10 | RBB Mutual Fund 1 | RMF1 | 10.04 | 10.09 | -0.05 | -0.50% |
| 11 | Prabhu Select Fund | PSF | 10.62 | 10.68 | -0.06 | -0.56% |
| 12 | Laxmi Value Fund-II | LVF2 | 10.35 | 10.41 | -0.06 | -0.58% |
| 13 | Siddhartha Investment Growth Scheme 3 | SIGS3 | 10.57 | 10.64 | -0.07 | -0.66% |
| 14 | Kumari Sunaulo Lagani Yojana | KSLY | 11.11 | 11.19 | -0.08 | -0.71% |
| 15 | Laxmi Equity Fund | LEMF | 10.22 | 10.30 | -0.08 | -0.78% |
| 16 | Laxmi Unnati Kosh | LUK | 10.29 | 10.38 | -0.09 | -0.87% |
| 17 | Shubha Laxmi Kosh | SLK | 10.27 | 10.36 | -0.09 | -0.87% |
| 18 | Sanima Growth Fund | SAGF | 10.96 | 11.06 | -0.1 | -0.90% |
| 19 | NIBL Sahabhagita Fund | NIBLSF | 10.27 | 10.37 | -0.1 | -0.96% |
| 20 | NIC ASIA Balanced Fund | NICBF | 10.54 | 10.65 | -0.11 | -1.03% |
| 21 | Sunrise First Mutual Fund | SFMF | 11.25 | 11.37 | -0.12 | -1.06% |
| 22 | Nabil Balanced Fund III | NBF3 | 9.33 | 9.43 | -0.1 | -1.06% |
| 23 | Kumari Equity Fund | KEF | 10.32 | 10.44 | -0.12 | -1.15% |
| 24 | NIC Asia Flexi Cap Fund | NICFC | 11 | 11.13 | -0.13 | -1.17% |
| 25 | NIBL Samriddhi Fund - 2 | NIBSF2 | 9.14 | 9.25 | -0.11 | -1.19% |
| 26 | NIC Asia Select-30 | NICSF | 11.1 | 11.25 | -0.15 | -1.33% |
| 27 | Siddhartha Equity Fund | SEF | 9.83 | 9.97 | -0.14 | -1.40% |
| 28 | NIBL Growth Fund | NIBLGF | 10.3 | 10.45 | -0.15 | -1.44% |
| 29 | Kumari Dhanabriddhi Yojana | KDBY | 10.9 | 11.06 | -0.16 | -1.45% |
| 30 | Siddhartha Investment Growth Scheme-2 | SIGS2 | 9.88 | 10.03 | -0.15 | -1.50% |
| 31 | Sunrise Focused Equity Fund | SFEF | 10.17 | 10.33 | -0.16 | -1.55% |
| 32 | Nabil Balanced Fund - 2 | NBF2 | 10.15 | 10.31 | -0.16 | -1.55% |
| 33 | NMB 50 | NMB50 | 10.72 | 10.89 | -0.17 | -1.56% |
| 34 | Sunrise Bluechip Fund | SBCF | 9.78 | 9.94 | -0.16 | -1.61% |
| 35 | Sanima Large Cap Fund | SLCF | 9.92 | 10.09 | -0.17 | -1.68% |
| 36 | NIC Asia Growth Fund | NICGF | 11 | 11.19 | -0.19 | -1.70% |
| 37 | Mega Mutual Fund - 1 | MMF1 | 8.9 | 9.07 | -0.17 | -1.87% |
| 38 | NMB Sulav Investment Fund - II | NSIF2 | 11.27 | 11.49 | -0.22 | -1.91% |
| 39 | Citizens Mutual Fund - 2 | CMF2 | 9.86 | 10.06 | -0.2 | -1.99% |
| 40 | Sanima Equity Fund | SAEF | 11.18 | 11.43 | -0.25 | -2.19% |
| 41 | NMB Saral Bachat Fund - E | NMBSBF | 9.2 | 9.46 | -0.26 | -2.75% |
| 42 | Citizens Mutual Fund-1 | CMF1 | 10.17 | 10.47 | -0.3 | -2.87% |
| 43 | NIBL Stable Fund | NSTF | 10 | - | - | - |
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, 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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