13 Mutual Funds You Can Buy in Nepal

Updated on November 20, 2018
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Roberto is a research analyst for a stock brokerage company in Nepal. He has been writing about the Nepali stock market since 2013.

With the flotation of NCM Mutual Fund in 2050 B.S. (1993 A.D.), the Nepali market entered into the era of mutual funds. It was an open-ended scheme with a collected fund of just Rs. 100 Million. These days, merchant bankers are coming up with funds 5 to 10 times larger than that, which have become a pivotal part of the Nepali stock market.

Mutual Fund Schemes Trading in The Stock Market in 2018

Currently, there are 13 mutual fund schemes running in the Nepali stock market. Four mutual funds are upcoming and are in the pipeline to be approved. These mutual funds have to be approved by SEBON (Securities Board of Nepal) first to publish the offer letter and accept the funds from general public as initial public offerings. When the fund units are allotted, they are listed in NEPSE (Nepal Stock Exchange) where they can be freely bought and sold. NEPSE is Nepal's only stock exchange market.

List of Mutual Funds in Nepal

  1. Siddhartha Equity Oriented Scheme (SEOS)
  2. Laxmi Value Fund-1 (LVF1)
  3. NMB Sulav Investment Fund-1 (NMBSF1)
  4. Global IME Samunnat Scheme-1 (GIMES1)
  5. NIBL Sambriddhi Fund-1 (NIBSF1)
  6. Nabil Equity Fund (NEF)
  7. NMB Hybrid Fund L-1 (NMBHF1)
  8. NIBL Pragati Fund (NIBLPF)
  9. Laxmi Equity Fund (LEMF)
  10. Siddhartha Equity Fund (SEF)
  11. Sanima Equity Fund (SAEF)
  12. NIC Asia Growth Fund (NICGF)
  13. Citizens Mutual Fund-1 (CMF1)

Recently Matured:

  1. Siddhartha Investment Growth Scheme-1 (SIGS1)
  2. Nabil Balanced Fund-1 (NBF1)

These mutual funds are managed by merchant bankers (fund managers) and sponsored by a commercial bank ('A' class banks licensed by Nepal Rastra Bank). Only those merchant bankers that are direct subsidiaries of commercial banks can float and manage mutual funds in Nepal. As such, mutual fund companies are full subsidiaries of commercial banks.

List of mutual fund companies:

  1. NIBL Capital Markets
  2. Laxmi Capital Market
  3. Global IME Capital (previously known as Elite Capital)
  4. Siddhartha Capital
  5. NMB Capital
  6. Nabil Investment Banking Ltd.
  7. CBIL Capital
  8. Prabhu Capital (previously known as Growmore Merchant Banking)
  9. Civil Capital Markets
  10. NIC Asia Capital
  11. Sunrise Capital

Interested in mutual funds?

Are you looking forward to investing in mutual funds? or, Have you already invested in mutual funds in Nepal?

  • 89% Yes
  • 11% No
1,497 people have voted in this poll.

Current Status of Mutual Fund Schemes in Nepal

Mutual Fund Scheme
Fund Size (Rs.)
Siddhartha Investment Growth Scheme - 1
Matured & Delisted
Nabil Balanced Fund - 1
Matured & Delisted
NCM Mutual Fund 2050 (later converted to closed-end NCM Mutual Fund 2059)
Term Completed in 2059 B.S. (2002 A.D.)
Citizen Unit Scheme
Not listed in NEPSE, but can be bought and sold at Citizen Investment Trust
Laxmi Value Fund - 1
Siddhartha Equity Oriented Scheme
NMB Sulav Investment Fund
NIBL Sambriddhi Fund - 1
Global IME Samunnat Scheme - 1
Nabil Equity Fund
NMB Hybrid Fund L-1
NIBL Pragati Fund
Laxmi Equity Fund
Siddhartha Equity Fund
Sanima Equity Fund
NIC Asia Growth Fund
Citizens Mutual Fund-1

1. Siddhartha Investment Growth Scheme-1

Fund Size: Rs. 500 Million

Maturity Period: 5 Years

Expires: December 2017

Highest NAV: Rs. 34.329 on July 29, 2016

SIGS-1 was the first mutual fund scheme in Nepal to conceptualize the industry after the introduction of the mutual fund regulatory act in 2010. It started with an initial fund of Rs. 500 million (Rs. 50 Crores) and is a close-end scheme that expires on December 2017. SIGS-1 is a more risky scheme in a sense that it is more focused on a higher possible capital appreciation. As such, it has not allotted any money in "safe" investments like fixed deposits.

The fund that started with just Rs. 500 million has invested a total of Rs. 1.12 billion in stocks, and has Rs. 50 million in dividends, rights offerings and initial offerings.

Its NAV had reached the highest level on July 29 2016 at Rs. 34.329, which is more than a three-fold jump from its par value of Rs. 10 only. It has provided 64.5% in cash dividends so far: 30% in FY 2015-16, 15% in FY 2014-15, 15% in FY 2013-14, and 4.5% in FY 2012-13.

Siddhartha Investment Growth Scheme-1 (SIGS1) and Siddhartha Equity Oriented Scheme (SEOS) are managed by Siddhartha Capital as the merchant banker.
Siddhartha Investment Growth Scheme-1 (SIGS1) and Siddhartha Equity Oriented Scheme (SEOS) are managed by Siddhartha Capital as the merchant banker.

2. Siddhartha Equity Oriented Scheme

Fund Size: Rs. 1 Billion

Maturity Period: 5 Years

Expires: July 2019

Highest NAV: Rs. 18.95 on July 29, 2016

After the successful management of SIGS-1, Siddhartha Capital came with another close-end mutual fund scheme in 2014. It has provided 16% in cash dividend so far from the profit it made up to the end of FY 2015-16. The fund that started with an initial pool of Rs. 100 Crores has already invested Rs. 113 Crores in listed stocks, Rs. 10 Crores in fixed deposits, and Rs. 2.4 Crores in bonds and debentures.

3. NMB Sulav Investment Fund-1

Fund Size: Rs. 750 Million

Maturity Period: 5 Years

Expires: September 2019

Highest NAV: Rs. 20.36 on July 29, 2016

As of December 2016, the investment of NMBSF-1 has jumped up to Rs. 963.3 million from an initial fund of Rs. 750 million. It has set aside Rs. 75 million in fixed deposit account and Rs. 14 million in bonds and debentures. So far, it has provided 20% cash dividend from the profit it earned up to the end of FY 2015-16.

4. NIBL Sambriddhi Fund-1

Fund Size: Rs. 1 Billion

Maturity Period: 7 Years

Expires: December 2021

Highest NAV: Rs. 18.32 on July 29, 2016

With investment of Rs. 1.18 billion in stocks of listed companies, Rs. 100 million in fixed deposits, Rs. 33 million in bonds and debentures, and Rs. 78.61 million in public offerings, NIBSF-1's total investment has reached to over Rs. 1.39 billion. That is a massive rise from the initial collection of Rs. 800 million. As such, it has also offered cash dividend to its scheme holders: 15% from the profits it had earned up to the end of fiscal year 2015-16.


5. Nabil Balanced Fund-1

Fund Size: Rs. 750 Million

Maturity Period: 5 Years

Expires: April 2018

Highest NAV: Rs. 30.71 on July 29, 2016

Nabil Balanced Fund-1 (NBF1) had reached to a height of Rs 30.71 as compared to its par value of Rs. 10. It has an impressive Rs. 1.47 billion in investment, which is a significant return on its initial Rs. 600 million fund. It has also set Rs. 75 million in fixed deposits.

It has provided 30% cash dividend in FY 2015-16 and 14% in FY 2013-14. It had pledged 5.5% in the middle of FY 2013-14 but this issuance was suspended by the regulatory authority as dividends can only be declared from the profits made in a whole fiscal year.

6. Laxmi Value Fund-1


Fund Size: Rs. 500 Million

Maturity Period: 5 Years

Expires: March 2020

Highest NAV: Rs. 16.11 on July 29, 2016

LVF1 is the first mutual fund scheme sponsored by Laxmi Bank, and managed by Laxmi Capital. It has saved up Rs. 80 million in fixed deposits and has invested Rs. 396 million in stocks. The fund which started in 2015 has already provided 25% from the profit it earned in FY 2015-16.

The merchant banker (Laxmi Capital) had proposed to invest approximately 58% in equity or equity-based instruments (like stocks), 38% in fixed income securities (like fixed deposits schemes), and rest of the fund would be at call.

7. Global IME Samunnat Scheme-1

Fund Size: Rs. 1 Billion

Maturity Period: 5 Years

Expires: February 2021

GIMES1 initially published offer for a fund of Rs 800 million, but when it was oversubscribed, the fund was declared to be worth Rs. 1 billion. It posted a net loss of Rs. 33 million in November 2016. It has invested Rs. 676 million in stocks and Rs. 100 million in fixed deposit as per its financial statement published on November 30, 2016.

8. NMB Hybrid Fund L-1

Fund Size: Rs. 1 Billion

Maturity Period: 5 Years

Expires: October 2021

Highest NAV: Rs. 10.07 on December 16, 2016

NMB Hybrid Fund L-1 is a close-end mutual fund scheme managed by NMB Capital and sponsored by NMB Bank. It collected funds in September 2016, and has made investments worth Rs. 2 million in initial public offerings. Rs. 100 million has been set aside as fixed deposits in various bank accounts to garner interests. Its NAV at the end of November was Rs. 10.02 (par value of Rs. 10).

9. Nabil Equity Fund

Fund Size: Rs. 1.25 Billion

Maturity Period: 7 Years

Expires: November 2023

Similar to Global IME Samunnat Scheme-1 and NMB Hybrid Fund L-1, Nabil Bank's newest mutual fund scheme - Nabil Equity Fund was also oversubscribed. Hence, with respect to the acting law governing mutual fund schemes, its fund size was increased from Rs. 1 Billion to Rs. 1.25 Billion. As such, 125 million units were allotted to the subscribers.

Until the end of November, it has invested Rs. 47.14 million in shares of companies listed in Nepal Stock Exchange. Likewise, it has invested Rs. 501 thousand in stocks of unlisted companies (IPO) and has saved up Rs. 70 million in fixed deposit accounts to garner regular interest.

10. NIBL Pragati Fund

Fund Size: Rs. 750 Million

Maturity Period: 7 Years

Expires: December 2023

NIBL Capital Markets recently floated Rs. 600 million worth of this particular mutual fund scheme. Its paid up value per script also stands at Rs. 10 per unit. Since it was oversubscribed, its fund size also increased by 25% to Rs 750 million.

It is trading in NEPSE with the stock symbol NIBLPF.

Upcoming Mutual Fund Schemes in Nepal

Fund Size
Fund Manager
Global IME Balance Fund-1
Rs. 1.20 Billion
Global IME Capital Limited
In SEBON Pipeline
NIBL Sahabhagita Fund (open-ended scheme)
Rs 500 million
NIBL Capital Markets Limited
In SEBON Pipeline (SEBON has already replied to the issue manager with comment on August 2018)
Rs 1.20 Billion
NMB Capital Limited
In SEBON Pipeline
NIC Asia Balance Fund
Rs 1.25 Billion
NIC Asia Capital Limited
In SEBON Pipeline
Nabil Balanced Fund-2
Rs 1.20 Billion
Nabil Investment Banking Limited
In SEBON Pipeline
Citizen Mutual Fund-2
Rs 1 Billion
CBIL Capital Limited
In SEBON Pipeline
Altogether, 6 mutual fund schemes are in pipeline to enter Nepal's stock market as of November 2018. These funds have combined fund size of Rs 6.35 Billion.

This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.

Questions & Answers

  • I am a Nepali Citizen but currently live in the USA. Can I buy IPO of upcoming mutual funds as a Nepali? If yes, what is the process to buy mutual funds?

    Yes, you can buy IPO of mutual funds. There is a service called MeroShare, which allows investors to buy IPO shares online. Currently, there are no IPOs being issued. When they are, they will be listed on the webpage and anyone can apply online.

© 2016 Roberto Eldrum


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    • profile image

      Deepak Lamichhane 

      3 days ago

      I am also intrested to mutual fuund. Which mutual fund is ready to lunched? please inform me.

    • profile image


      3 weeks ago

      Sir i would like to contact with mutual fund manager so i can get help ,can you help me

    • profile image

      man prasad roka 

      5 weeks ago

      hi, I really want to invest in mutual fund but in dilemma to choose good and reliable one. please if possible guide me so I can invest in good mutual.

      my mail id is - mroka912@gmail.com

    • profile image


      6 weeks ago

      which is the best fund for long time investment ?

    • profile image

      gopal thapa 

      7 weeks ago

      i want to invest in mutual fund inform me on omsan1000@gmail.com

    • profile image


      8 weeks ago

      I want to invest in mutual fund global ime some information please

    • profile image

      Ashok limbu 

      2 months ago

      I want to investment in mutual funds global ime...some information please

    • profile image

      Dipak chaudhary 

      2 months ago

      I want alsto invest in mutual funds

    • profile image


      3 months ago

      Can NRN invesr in mutal fund.

    • profile image

      Shiva nepali 

      4 months ago

      I am looking forward it..When I can invest here but please tell me about sip calculater .... Does sip calculater work true or scame

    • profile image

      Binti bishwakarma 

      5 months ago

      Me ,now I want to invest when can I ? How to know the opening date ? Is there any bank to invest right now...?

    • profile image

      Pushpen maharjan 

      7 months ago

      i want some information regarding nepalese investors decisions regarding mutual funds for may thesis work.pls

    • profile image


      8 months ago

      I am nepali citizen but currently I live in india I want to invest in mutul funds so please suggest me how to apply mutual funds

    • profile image


      8 months ago

      I what to invest in mutual funds tell me how can i apply for mutwal funds

    • profile image

      hari chaudhay 

      8 months ago

      can you tell me what the investing sysem in multul fund ? primary,secondry system or other system like daily or monthly deposit?

    • profile image


      9 months ago

      I want to invest in mutual fund please suggest me how can apply

    • profile image

      Degindra Karki 

      12 months ago

      I interested for invest in mutual fund. Could I invest? Please suggest me.

    • profile image


      14 months ago

      I want invest in NMB Sulav Investment Fund-1. How can I invest please suggest me.

    • profile image

      Najir rain 

      17 months ago

      I want to invest in mutual fund please suggest me how can apply

    • profile image

      Surendra Adhikari 

      19 months ago

      How can the we apply in Mutual Fund through DMAT account? And how do we know about it?

    • profile image

      anupa thapa 

      19 months ago

      how to apply mutual fund

    • profile image

      Sanjay K.c 

      22 months ago

      if NBF give 30 % cash dividend then how to calculate total cash receive by investor if he/ she holds 500 shares of NBF?

    • profile image

      Subash Kumar Shrestha 

      22 months ago

      How 2 invest and wat r the profits calculations

    • profile image

      Lakpa tamang 

      2 years ago

      How to invest in nabil mutual funds.

    • profile image

      Luxmi bahadur Budha 

      2 years ago

      I want invest to mutual fund please advise me

    • profile image

      Altaf Miyan 

      2 years ago

      what sum of money should i have to invest on mutual fund


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