Mutual funds are an essential component of Nepal’s financial market, providing a platform for diversified investments. Currently, there are 35 closed-end mutual funds listed on the Nepal Stock Exchange (NEPSE), and 7 open-end schemes traded through their respective fund managers.
In Mangsir 2081, mutual funds made notable investments across various sectors:
1. Total Investments: Rs. 40.03 Arba invested in listed and unlisted companies, slightly lower than Rs. 40.92 Arba in Kartik 2081.
2. Bank Balances: Increased to Rs. 7.9 Arba in Mangsir, compared to Rs. 7.33 Arba in Kartik.
3. Other Investments:
- Rs. 3.3 Arba invested in debentures and bonds.
- Rs. 1.39 Arba invested in primary shares/rights, which is 2.56% of total investments.
This reflects a slight dip in company investments but an improvement in bank balances and a steady commitment to diversified portfolios. However, this blog provides a detailed analysis of mutual fund investments in Nepal, highlighting the top investments, most traded stocks, and sector-wise breakdowns.
| S.N. | Particulars | Mangsir 2081 (Amount Rs.) | % of overall MF in Mangsir | Kartik 2081 (Amount Rs..) | % of overall MF in Kartik | Aswin 2081 (Amount Rs.) | % of overall MF in Aswin |
|---|
| 1 | Investment in Listed/Non-Listed Shares | 40,033,531,712.29 | 73.33 | 40,926,091,148.97 | 74.01 | 42,125,766,225.65 | 75.63 |
| 2 | Debentures and Bonds | 3,300,579,195.28 | 6.05 | 3,289,484,129.21 | 5.95 | 3,271,206,453.19 | 5.87 |
| 3 | Investment in IPO/FPO/Right/Bonus | 1,395,964,632.50 | 2.56 | 1,399,775,156.00 | 2.53 | 1,097,404,057.00 | 1.97 |
| 4 | Fixed Income Instruments | 1,957,146,648.93 | 3.58 | 2,348,040,455.04 | 4.25 | 2,600,691,275.00 | 4.67 |
| 5 | Bank Balance | 7,909,756,997.30 | 14.49 | 7,338,044,870.93 | 13.27 | 6,604,561,596.28 | 11.86 |
The top investments of mutual funds across all sectors in Mangsir 2081 are:
| Symbol | No. of Shares | Price (Rs.) | Value of Shares (Rs.) | NAV Change Factor (Rs.) |
|---|
| NIL | 1,329,095.00 | 930.00 | 1,236,058,350.00 | 0.0249 |
| CBBL | 1,177,583.00 | 930.60 | 1,095,858,739.80 | 0.0205 |
| SANIMA | 3,423,201.00 | 310.90 | 1,064,273,190.90 | 0.0209 |
| SPIL | 1,279,774.00 | 805.00 | 1,030,218,070.00 | 0.0207 |
| NLICL | 1,657,408.00 | 593.00 | 982,842,944.00 | 0.0193 |
| SALICO | 1,352,881.00 | 702.00 | 949,722,462.00 | 0.0193 |
| SKER | 981,419.00 | 923.00 | 905,849,737.00 | 0.0185 |
| EBL | 1,452,725.00 | 596.00 | 865,824,100.00 | 0.0172 |
| INLIO | 1,099,040.00 | 787.00 | 864,944,480.00 | 0.0171 |
| NICA | 2,140,746.00 | 403.00 | 862,720,638.00 | 0.0168 |
Most Bought Stocks By the Mutual Funds in Mangsir :
| S.N. | Symbol | Buy Quantity | Latest Holdings (Rs.) |
|---|
| 1 | NIBLGF | 1,209,450.00 | 15,738,864.00 |
| 2 | SFET | 949,400.00 | 19,965,645.00 |
| 3 | PRSF | 710,900.00 | 11,012,800.00 |
| 4 | NIBLSTF | 500,000.00 | 22,701,765.00 |
| 5 | SIGS3 | 493,840.00 | 11,788,680.00 |
| 6 | SAGF | 468,350.00 | 8,604,850.00 |
| 7 | EBL | 283,818.00 | 1,452,725.00 |
| 8 | API | 219,229.00 | 1,237,211.00 |
| 9 | NIBSF2 | 200,300.00 | 1,647,374.00 |
| 10 | NMB | 155,656.00 | 2,417,394.00 |
Most Sold Stocks By the Mutual Funds in Mangsir :
| S.N. | Symbol | Sales Quantity | Latest Holdings (Rs.) |
|---|
| 1 | SFEF | 2,898,800.00 | 19,965,645.00 |
| 2 | NIBLGF | 2,523,100.00 | 15,738,864.00 |
| 3 | SAGF | 2,468,400.00 | 8,604,850.00 |
| 4 | SIGS3 | 2,168,300.00 | 11,788,680.00 |
| 5 | PRSF | 1,649,500.00 | 11,012,800.00 |
| 6 | GIBF1 | 1,439,900.00 | 5,301,500.00 |
| 7 | NIBLSTF | 1,010,000.00 | 22,701,765.00 |
| 8 | RMF2 | 1,000,000.00 | 4,538,800.00 |
| 9 | PSF | 910,693.00 | 3,929,871.00 |
| 10 | NSIF2 | 556,865.00 | 3,850,500.00 |
Sector-Wise Breakdown of Investments By Mutual Funds
| S.N. | Sector | No. of Shares | Total Value (Rs.) | Sector Weightage (%) |
|---|
| 1 | Commercial Bank | 28,513,822.00 | 9,038,909,794.40 | 22.59 |
| 2 | Development Bank | 7,852,006.00 | 3,458,217,793.40 | 8.64 |
| 3 | Finance | 280,537.00 | 197,195,586.50 | 0.49 |
| 4 | Hotel & Tourism | 704,444.00 | 531,067,597.00 | 1.33 |
| 5 | Hydropower | 9,045,647.00 | 3,903,858,482.10 | 9.76 |
| 6 | Investment | 1,141,577.00 | 1,079,815,608.40 | 2.70 |
| 7 | Life Insurance | 7,453,586.00 | 4,602,173,313.30 | 11.50 |
| 8 | Manufacturing & Processing | 1,841,520.00 | 1,498,895,828.00 | 3.75 |
| 9 | Merged | 75,920.00 | 33,782,882.60 | 0.08 |
| 10 | Microfinance | 6,003,020.00 | 5,452,764,424.00 | 13.63 |
| 11 | Mutual Fund | 222,760,239.00 | 2,120,591,719.30 | 5.30 |
1. Commercial Banks
Mutual funds have invested the most in the commercial banking sector. Sanima Bank Limited (SANIMA) tops the list with Rs. 1.06 Arba. Everest Bank Limited (EBL) and NIC Asia Bank Limited (NICA) follow, with investments of Rs. 86.58 Crores and Rs. 86.27 Crores, respectively. This shows mutual funds’ preference for stable and reliable banks.
| S.N. | Symbol | No. of Shares | Total Value as of LTP (Rs.) |
|---|
| 1 | SANIMA | 3,423,201.00 | 1,064,273,190.90 |
| 2 | EBL | 1,452,725.00 | 865,824,100.00 |
| 3 | NICA | 2,140,746.00 | 862,720,638.00 |
| 4 | SBL | 2,255,333.00 | 699,378,763.30 |
| 5 | NMB | 2,417,394.00 | 597,096,318.00 |
| 6 | SBI | 1,900,695.00 | 595,617,092.00 |
| 7 | SCB | 1,300,474.00 | 558,886,866.00 |
| 8 | PCBL | 2,025,293.00 | 536,500,115.70 |
| 9 | MBL | 1,984,070.00 | 486,097,150.00 |
| 10 | PRVU | 1,829,209.00 | 427,656,375.00 |
2. Development Banks
Development banks are another focus for mutual funds. Garima Bikas Bank Limited (GBBL) leads with Rs. 83.72 Crores, followed by Muktinath Bikas Bank Limited (MNBBL) with Rs. 58.61 Crores and Shine Resunga Development Bank Limited (SHINE) with Rs. 56.43 Crores. These banks play a key role in regional growth.
| S.N. | Symbol | No. of Shares | Total Value as of LTP (Rs.) |
|---|
| 1 | SANIMA | 3,423,201.00 | 1,064,273,190.90 |
| 2 | EBL | 1,452,725.00 | 865,824,100.00 |
| 3 | NICA | 2,140,746.00 | 862,720,638.00 |
| 4 | SBL | 2,255,333.00 | 699,378,763.30 |
| 5 | NMB | 2,417,394.00 | 597,096,318.00 |
| 6 | SBI | 1,900,695.00 | 595,617,092.00 |
| 7 | SCB | 1,300,474.00 | 558,886,866.00 |
| 8 | PCBL | 2,025,293.00 | 536,500,115.70 |
| 9 | MBL | 1,984,070.00 | 486,097,150.00 |
| 10 | PRVU | 1,829,209.00 | 427,656,375.00 |
3. Finance Companies
Investments in finance companies include Rs. 12.28 Crores in Manjushree Finance Limited (MFIL) and Rs. 5.82 Crores in ICFC Finance Limited (ICFC). This shows a cautious but focused investment in smaller financial institutions.
| S.N. | Symbol | No. of Shares | Total Value as of LTP (Rs.) |
|---|
| 1 | MFIL | 173,698.00 | 122,804,486.00 |
| 2 | ICFC | 81,143.00 | 58,252,559.70 |
| 3 | RLFL | 16,000.00 | 10,032,000.00 |
| 4 | SIFC | 9,696.00 | 6,106,540.80 |
4. Hotels and Tourism
The hotels and tourism sector received attention, with Soaltee Hotel Limited (SHL) getting Rs. 16.18 Crores. This reflects mutual funds’ trust in the growth of Nepal’s tourism industry.
| S.N. | Symbol | No. of Shares | Total Value as of LTP (Rs.) |
|---|
| 1 | SHL | 333,661.00 | 161,825,585.00 |
| 2 | CGH | 168,846.00 | 155,169,474.00 |
| 3 | TRH | 132,061.00 | 145,002,978.00 |
| 4 | OHL | 49,480.00 | 46,412,240.00 |
| 5 | KDL | 15,896.00 | 18,598,320.00 |
| 6 | CITY | 4,500.00 | 4,059,000.00 |
5. Hydropower Companies
Mutual funds have invested heavily in hydropower companies. Mountain Energy Nepal Limited (MEN) leads with Rs. 68.15 Crores, followed by Sanima Mai Hydropower Limited (SHPC) with Rs. 44.53 Crores and Api Power Company Limited (API) with Rs. 33.83 Crores. This shows support for sustainable energy projects.
| S.N. | Symbol | No. of Shares | Total Value as of LTP (Rs.) |
|---|
| 1 | MEN | 965,430.00 | 681,593,580.00 |
| 2 | SHPC | 826,950.00 | 445,312,575.00 |
| 3 | API | 1,237,211.00 | 338,377,208.50 |
| 4 | CHCL | 493,785.00 | 276,519,600.00 |
| 5 | SAHAS | 391,220.00 | 193,653,900.00 |
| 6 | TAMOR | 343,298.00 | 182,634,536.00 |
| 7 | RADHI | 333,930.00 | 131,569,208.00 |
| 8 | AKPL | 527,155.00 | 129,416,552.50 |
| 9 | AHPC | 466,851.00 | 123,762,200.10 |
| 10 | BPCL | 256,076.00 | 105,477,704.40 |
6. Life Insurance Companies
Life insurance companies are a big focus for mutual funds. National Life Insurance Company Limited (NLICL) received Rs. 98.28 Crores, Nepal Life Insurance Company Limited (NLIC) got Rs. 86.49 Crores, and Asian Life Insurance Company Limited (ALICL) got Rs. 59.18 Crores. These investments show confidence in long-term financial services.
| S.N. | Symbol | No. of Shares | Total Value as of LTP (Rs.) |
|---|
| 1 | NLICL | 1,657,408.00 | 982,842,944.00 |
| 2 | NLIC | 1,099,040.00 | 864,944,480.00 |
| 3 | ALICL | 812,405.00 | 591,837,042.50 |
| 4 | HLI | 1,228,649.00 | 569,355,946.60 |
| 5 | SILIC | 716,686.00 | 331,108,932.00 |
| 6 | LICN | 242,066.00 | 297,499,114.00 |
| 7 | CLI | 394,434.00 | 270,976,158.00 |
| 8 | SNLI | 371,320.00 | 240,986,680.00 |
| 9 | RNLI | 441,342.00 | 226,452,580.20 |
| 10 | ILI | 250,403.00 | 119,943,037.00 |
7. Manufacturing and Products
The manufacturing sector also attracted investments. Shivam Cements Limited (SHIVM) leads with Rs. 64.89 Crores, followed by Sarbottam Cement Limited (SARBTM) with Rs. 23.95 Crores and Himalayan Distillery Limited (HDL) with Rs. 23.62 Crores. These companies are key players in Nepal’s industrial development.
| S.N. | Symbol | No. of Shares | Total Value as of LTP (Rs.) |
|---|
| 1 | SHIVM | 1,132,635.00 | 648,999,855.00 |
| 2 | SARBTM | 307,126.00 | 239,558,280.00 |
| 3 | HDL | 175,025.00 | 236,283,750.00 |
| 4 | UNL | 186,900.00 | 212,731,200.00 |
| 5 | SONA | 31,191.00 | 87,319,660.00 |
| 6 | BNT | 4,408.00 | 58,781,875.00 |
| 7 | GCIL | 4,075.00 | 15,221,208.00 |
8. Microfinance Companies
Mutual funds have prioritized microfinance companies for their role in community development. Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) leads with Rs. 1.09 Arba, followed by Sana Kisan Laghubitta Bittiya Sanstha Limited (SKBBL) with Rs. 90.58 Crores and Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) with Rs. 74.12 Crores.
| S.N. | Symbol | No. of Shares | Total Value as of LTP (Rs.) |
|---|
| 1 | CBBL | 1,177,583.00 | 1,095,858,739.80 |
| 2 | SKBBL | 981,419.00 | 905,849,737.00 |
| 3 | NUBL | 1,052,908.00 | 741,247,232.00 |
| 4 | GILB | 196,001.00 | 246,961,260.00 |
| 5 | NMFBS | 191,605.00 | 245,465,165.50 |
| 6 | FOWAD | 194,803.00 | 244,477,765.00 |
| 7 | DDBL | 269,526.00 | 235,862,202.60 |
| 8 | FMDBL | 232,700.00 | 179,202,270.00 |
| 9 | NADEP | 169,781.00 | 167,913,409.00 |
| 10 | SWBBL | 184,379.00 | 164,834,826.00 |
9. Mutual Fund
| S.N. | Symbol | No. of Shares | Total Value as of LTP (Rs.) |
|---|
| 1 | NIBLSTF | 22,701,765.00 | 204,542,902.65 |
| 2 | NICGF2 | 21,155,400.00 | 189,552,384.00 |
| 3 | SFEF | 19,965,645.00 | 187,876,719.45 |
| 4 | KSY | 18,502,500.00 | 162,822,000.00 |
| 5 | C30MF | 14,533,389.00 | 144,171,218.88 |
| 6 | NIBLGF | 15,738,864.00 | 141,020,221.44 |
| 7 | SIGS3 | 11,788,680.00 | 115,646,950.80 |
| 8 | PRSF | 11,012,800.00 | 110,348,256.00 |
| 9 | SAGF | 8,604,850.00 | 86,048,500.00 |
| 10 | LVF2 | 7,050,000.00 | 67,327,500.00 |
10. Non-Life Insurance Companies
In non-life insurance, mutual funds have invested Rs. 1.23 Arba in Neco Insurance Company Limited (NIL), Rs. 1.03 Arba in Siddhartha Premier Insurance Limited (SPIL), and Rs. 94.97 Crores in Sagarmatha Lumbini Insurance Company Limited (SALICO). These investments help diversify risks.
| S.N. | Symbol | No. of Shares | Total Value as of LTP (Rs.) |
|---|
| 1 | NIL | 1,329,095.00 | 1,236,058,350.00 |
| 2 | SPIL | 1,279,774.00 | 1,030,218,070.00 |
| 3 | SALICO | 1,352,881.00 | 949,722,462.00 |
| 4 | PRIN | 671,563.00 | 654,773,925.00 |
| 5 | IGI | 609,035.00 | 364,811,965.00 |
| 6 | NICL | 357,357.00 | 348,423,075.00 |
| 7 | SICL | 252,340.00 | 208,634,712.00 |
| 8 | HEI | 285,155.00 | 183,069,510.00 |
| 9 | UAIL | 285,032.00 | 182,990,544.00 |
| 10 | NLG | 136,230.00 | 128,056,200.00 |
11. Promoter Shares
Mutual funds continue to hold promoter shares of major companies, which provide steady returns and long-term stability.
| S.N. | Symbol | No. of Shares | Total Value as of LTP (Rs.) |
|---|
| 1 | HIDCLP | 1,615,768.00 | 274,680,560.00 |
| 2 | SWBBLP | 132,228.00 | 103,402,296.00 |
| 3 | NIMBRO | 591,354.00 | 101,712,888.00 |
| 4 | RBCLPO | 6,899.00 | 87,617,300.00 |
| 5 | NUBLPO | 143,349.00 | 78,841,950.00 |
| 6 | HEIP | 100,613.00 | 50,306,500.00 |
| 7 | SPILPO | 251,000.00 | 43,925,000.00 |
| 8 | KBLPO | 273,942.00 | 27,394,200.00 |
| 9 | FOWADP | 67,500.00 | 20,250,000.00 |
12. Other Sectors
In other sectors, Rs. 75.67 Crores was invested in Himalayan Reinsurance Limited (HRL), and Rs. 44.2 Crores in Nepal Doorsanchar Company Limited (NTC). These investments highlight diversification into different industries.
| S.N. | Symbol | No. of Shares | Total Value as of LTP (Rs.) |
|---|
| 1 | HRL | 922,925.00 | 756,798,500.00 |
| 2 | NTC | 465,340.00 | 442,073,000.00 |
| 3 | NRIC | 509,745.00 | 390,974,415.00 |
| 4 | MKCL | 44,368.00 | 68,770,400.00 |
| 5 | NRM | 30,162.00 | 13,572,900.00 |
| 6 | NWCL | 6,432.00 | 6,528,480.00 |
13. Investment Sector
Citizen Investment Trust (CIT) received Rs. 60.76 Crores in the investment sector, while CEDB Hydropower Development Company Limited (CHDC) received Rs. 24.91 Crores. These funds are seen as growth-oriented and stable options.
| S.N. | Symbol | No. of Shares | Total Value as of LTP (Rs.) |
|---|
| 1 | CIT | 278,749.00 | 607,672,820.00 |
| 2 | CHDC | 151,529.00 | 249,113,676.00 |
| 3 | NIFRA | 428,748.00 | 109,459,364.40 |
| 4 | HIDCL | – | 58,461,106.20 |
| 5 | NRN | 233,938.00 | 34,505,000.00 |
| 6 | HATHY | 33,500.00 | 16,927,171.80 |
| 7 | ENL | 2,870.00 | 3,676,470.00 |
Change in NAV:
The table below highlights the changes in the NAV of all mutual funds in Nepal during the month of Mangsir compared to the previous month.
| S. No. | Mutual Fund | Symbol | NAV as of Mangsir | NAV as of Kartik | Price Change | % Change |
|---|
| 1 | Citizens Mutual Fund-1 | CMF1 | 11.36 | 11.5 | -0.14 | -1.22% |
| 2 | NIC Asia Dynamic Debt Fund | NADDF | 10.41 | 10.54 | -0.13 | -1.23% |
| 3 | Global IME Balance Fund-I | GIBF1 | 11.98 | 12.19 | -0.21 | -1.72% |
| 4 | NIBL Sahabhagita Fund | NIBLSF | 11.07 | 11.39 | -0.32 | -2.81% |
| 5 | Nabil Balanced Fund – 2 | NBF2 | 11.33 | 11.67 | -0.34 | -2.91% |
| 7 | NIC Asia Growth Fund 2 | NICGF2 | 10.6 | 10.92 | -0.32 | -2.93% |
| 8 | NIBL Stable Fund | NIBLSTF | 10.04 | 10.36 | -0.32 | -3.09% |
| 9 | NIC ASIA Balanced Fund | NICBF | 10.93 | 11.28 | -0.35 | -3.10% |
| 10 | Citizens Mutual Fund – 2 | CMF2 | 10.98 | 11.34 | -0.36 | -3.17% |
| 11 | NIBL Growth Fund | NIBLGF | 10.65 | 11 | -0.35 | -3.18% |
| 12 | Sanima Large Cap Fund | SLCF | 11.54 | 11.93 | -0.39 | -3.27% |
| 13 | Siddhartha Systematic Investment Scheme | SSIS | 10.88 | 11.25 | -0.37 | -3.29% |
| 14 | Sanima Growth Fund | SAGF | 11.45 | 11.84 | -0.39 | -3.29% |
| 15 | Himalayan 80-20 | H8020 | 11.74 | 12.14 | -0.4 | -3.29% |
| 16 | Sunrise Focused Equity Fund | SFEF | 11.36 | 11.75 | -0.39 | -3.32% |
| 17 | NIBL Samriddhi Fund – 2 | NIBSF2 | 10.15 | 10.5 | -0.35 | -3.33% |
| 18 | Citizens Super 30 Mutual Fund | C30MF | 10.86 | 11.25 | -0.39 | -3.47% |
| 19 | Siddhartha Equity Fund | SEF | 11.64 | 12.06 | -0.42 | -3.48% |
| 20 | Mega Mutual Fund – 1 | MMF1 | 10.75 | 11.14 | -0.39 | -3.50% |
| 21 | NIC Asia Flexi Cap Fund | NICFC | 11.22 | 11.64 | -0.42 | -3.61% |
| 22 | Siddhartha Investment Growth Scheme 3 | SIGS3 | 11.8 | 12.25 | -0.45 | -3.67% |
| 23 | Prabhu Smart Fund | PRSF | 12.11 | 12.58 | -0.47 | -3.74% |
| 24 | Kumari Dhanabriddhi Yojana | KDBY | 11.24 | 11.68 | -0.44 | -3.77% |
| 25 | Laxmi Value Fund-II | LVF2 | 11.21 | 11.65 | -0.44 | -3.78% |
| 26 | NIC Asia Select-30 | NICSF | 10.95 | 11.38 | -0.43 | -3.78% |
| 27 | Kumari Equity Fund | KEF | 10.67 | 11.09 | -0.42 | -3.79% |
| 28 | Shubha Laxmi Kosh | SLK | 11.57 | 12.03 | -0.46 | -3.83% |
| 29 | Nabil Balanced Fund | NBF | 11.29 | 11.72 | -0.43 | -3.75% |
| 30 | Siddhartha Equity Fund II | SEFII | 10.99 | 11.42 | -0.43 | -3.77% |
