There are currently 10 mutual funds run by 6 merchant banks in Nepal. Out of these 10 mutual funds, one (NIBL Pragati Fund) had recently floated its public issue worth Rs. 75 crore and has not invested in listed shares as of Mangsir, 2073. For other 9 mutual funds, ShareSansar has analyzed the top companies these mutual fund schemes hold the shares of. For each sectors, we have also analyzed the top 5 companies mutual funds have allocated the most fund to.
With this analysis, investors can know which companies’ mutual funds favor the most. This will help them in building their own portfolio as well.
Top 5 Commercial Banks
Top 5 Commercial Banks in terms of number of shares
Top 5 Commercial Banks in terms of amount
Mutual fund schemes have invested in a total of 155,459 shares ofBank of Kathmandu Lumbini the most. Sanima Bank, Citizens Bank International, Nepal Investment Bank (Promoter) and Nabil Bank (promoter) shares are the next most subscribed by mutual funds overall. However, mutual funds have invested the most in shares of Everest Bank, Standard Chartered Bank and Nabil Bank (Promoter) shares.
Mutual funds hold the least shares of Prabhu Bank, Nabil Bank, Grand Bank and Everest Bank (Preference).
Top 5 Development Banks
Top 5 Development Banks in terms of number of shares
Top 5 Development Banks in terms of amount
Development banks are popular among investors as development banks have been able to provide similar returns like commercial banks without requiring high initial investment amount. These 9 mutual funds have invested in the shares of 34 listed development banks.
Mutual funds hold the most shares of GarimaBikas Bank, Shine Resunga, Kailash Bikas Bank, Sahayogi Bikas Bank and Om Development Bank.
Mutual funds hold the least shares of TinauBikas Bank, Saptakoshi Development Bank and Bhargav Bikas Bank.
Top 5 Finance Companies
Top 5 Finance Companies in terms of number of shares
Top 5 Finance Companies in terms of amount
Mutual funds have invested in only 7 finance companies as of Mangshir, 2073. At 32.96% of overall shares of finance companies, Bhaktapur Finance Company’s shares are the most subscribed. Nabil Balance Fund-1 holds 13,188 shares of this finance company. ICFC Finance, Citizens Investment Trust, Srijana Finance, Goodwill Finance and Sagarmatha Finance are the next most subscribed.
In terms of amount, mutual funds have invested the most in the shares of Citizen Investment Trust (almost 77%).
Top 5 Microfinance Companies
Top 5 Microfinance Companies in terms of number of shares
Top 5 Microfinance Companies in terms of amount
Mutual funds have the most investment in the shares of Sana KisanBikas Bank, Deprox Laghubitta Bikas Bank and Swabalamban Laghubitta Bikas Bank. Mutual funds hold the shares of 10 microfinance companies as of Mangsir, 2073. Shares of Sana Kisan Development Bank are the most subscribed at 16.10% of overall microfinance shares holded by mutual funds, followed by Rural Microfinance Dev Center at 15.96% . Swabalamban Laghubitta, First Microfinance, Deprox Laghubitta are also in the preference of mutual funds.
Top 5 Life Insurance Companies
Top 5 Life Insurance companies in terms of number of shares
Top 5 Life Insurance Companies in terms of amount
Mutual funds have invested in 7 listed life insurance companies. At 20.85%, National Life Insurance Company’s shares are the most subscribed. Mutual funds hold 60,371 shares of NLICL. Mutual funds also have the most investment in the shares of National Life Insurance Company.
Top 5 Non-life Insurance Companies
Top 5 non-life insurance companies in terms of number of shares
Top 5 non-life insurance companies in terms of amount
NLG Insurance Company is the most favored non-life insurance company among mutual funds in terms of both value and number. Mutual funds hold a total of 85,129 shares of NLG Insurance. Sagarmatha Insurance and Lumbini General Insurance are the next most favored among other non-life insurance companies.
Top 5 Hydropower Companies
Top 5 Hydropower companies in terms of number of shares
Top 5 Hydropower companies in terms of amount
At almost 50% of total hydropower shares subscribed by mutual funds, HIDCL’s shares are the most favored. Mutual funds have bought 358,534 shares of the company. Chilime, Butwal Power Company, Sanima Mai and Arun Valley are the next most bought shares.
Hotels
Top 5 Hotels in terms of number of shares
Top 5 Hotels in terms of amount
Mutual funds have invested in the most shares of Soaltee Hotels. Overall 108,721 shares of Soaltee Hotels have been subscribed by the mutual funds.Taragaun Regency Hotel and Oriental Hotels also comes in the list.
Top 5 Mutual Funds
Top 5 Mutual funds in terms of number of shares
Top 5 Mutual funds in terms of amount
Mutual funds hold the most shares of SIGS-1. SIGS-1 accounts for almost 37.98% of the overall mutual fund holdings. NBF-1 is the second most subscribed mutual fund at 29.46%.
Others

Mutual funds also hold 274,040 shares of NTC and 1,550 shares of Uniliver Nepal Limited. In terms of amount, mutual funds have allocated 80.54% to the shares of NTC, and 19.46% to the shares of Unilever Nepal Limited.
Top 10 Companies Overall
S.N. |
Companies |
Total Value (Rs.) |
% of Total |
1 |
Everest Bank Ltd. |
332,797,710.00 |
6.29% |
2 |
Chilime Hydropower Company Ltd. |
187,670,980.00 |
3.55% |
3 |
Nepal Doorsanchar Co. Ltd. |
186,073,160.00 |
3.52% |
4 |
Standard Chartered Bank Ltd. |
163,525,780.00 |
3.09% |
5 |
Nabil Bank (Promoter) |
158,258,730.00 |
2.99% |
6 |
NLG Insurance Company Ltd. |
148,975,750.00 |
2.82% |
7 |
Nepal SBI Bank Ltd. |
144,795,600.00 |
2.74% |
8 |
National Life Insurance Co. Ltd. |
139,679,944.00 |
2.64% |
9 |
Nepal Life Insurance Co. Ltd. |
131,245,245.00 |
2.48% |
10 |
Himalayan Bank Ltd. |
130,486,400.00 |
2.47% |
Mutual funds have 6.29% of their total investment in shares of Everest Bank Limited the most. They have invested more than Rs 33.27 crore in the shares of EBL. Secondly, mutual funds have the second highest investment in the shares of Chilime Hydropower Co. Ltd. Among insurance companies, mutual funds have the most shares of NLG Insurance, National Life Insurance and Nepal Life Insurance Company Limited.
Sectorwise Fund Distribution