Machhapuchchhre Capital Limited publishes “MBL Equity Fund” Net Asset Value (NAV)
27th November 2025, Kathmandu
The MBL Equity Fund, operating under the MBL Mutual Fund scheme, has released its monthly asset and investment summary for the period ending Kartik 2082.
Machhapuchchhre “MBL Equity Fund”
The fund was authorized by the Nepal Securities Board on Magh 20, 2081, and operates with a fixed tenure of twelve years, specifically from Falgun 14, 2081, to Falgun 14, 2093. This report provides a detailed overview of the fund’s investment allocation across various sectors and its performance metrics for the reporting month.
Fund Performance and Net Asset Value (NAV)
For the month of Kartik 2082, the MBL Equity Fund reported key performance metrics that reflect the fluctuation and activities within the Nepalese capital market during the period.
Net Asset Value (NAV) per unit: The NAV per unit was reported at 10.08 Nepalese Rupees. The NAV is calculated weekly and published on the Fund Manager’s website for transparency, following the guidelines set forth by the Mutual Fund Regulations 2067 and Directive 2069.
Total Assets: The fund’s total assets stood at 1,228,214,676.18 rupees. This figure represents the current market value of all investments and cash holdings of the fund.
Total Liabilities: The fund maintained a minimal liability balance, totaling 1,123,212.22 rupees.
Net Profit / Loss: During the reporting month of Kartik, the fund registered a Net Loss of 43,014,676.52 rupees. This loss is a reflection of the decreased market valuation of the underlying assets held in the portfolio during the specific one-month reporting period.
Investment Allocation by Sector
The MBL Equity Fund maintains a diversified investment portfolio, primarily focused on the listed securities of various sectors on the Nepalese stock exchange. The total investment across listed and non-listed assets is approximately 120,000,000 rupees.
Commercial Banks
The largest portion of the fund’s liquid capital is strategically allocated to the commercial banking sector, reflecting an emphasis on stable, large-cap stocks. The total value invested in this sector stands at 194,496,131.50 rupees. The portfolio includes significant holdings in five major commercial banks:
Holdings in Everest Bank Limited total 35,897 shares with a value of 22,686,904 rupees.
The largest holding in this sector is in Global IME Bank Limited, with 256,668 shares valued at 58,006,968 rupees.
The fund holds 243,172 shares of NMB Bank Limited, totaling 57,388,592 rupees.
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Prime Commercial Bank Limited shares held total 212,125, valued at 52,585,787.50 rupees.
A smaller holding is maintained in Siddhartha Bank Limited, with 11,760 shares valued at 3,827,880 rupees.
Hydropower Companies
Investments in the hydropower sector, a high-growth sector critical to Nepal’s economy, are diversified across several companies, totaling a substantial portfolio value. The fund holds stakes in five different entities in this sector. These include Madhya Bhote Koshi Hydropower Limited, API Power Company Limited, Sanima Mai Hydro, Sanvi Energy Limited, and Vikas Hydropower Limited. A portion of the investment related to Vikas Hydropower Limited is noted as being held in a fixed deposit.
Microfinance Institutions and Production & Processing
The fund maintains exposure to the crucial microfinance sector and the industrial production sector for diversification.
Microfinance: The microfinance portfolio includes holdings in institutions like Chhimek Microfinance Limited (23,400 shares valued at 23,280,660 rupees) and Global IME Microfinance Limited (3,013 shares valued at 3,615,600 rupees). Additional investments in other microfinance institutions total 48,135,568.20 rupees.
Production & Processing: A highly concentrated investment is noted in Shivam Cements Limited, totaling 1,226,514,011 rupees. A minor holding is also listed in Sagar Distillery Limited.
Insurance and Other Sectors
The fund further diversifies by allocating capital to the insurance sector, encompassing both life and non-life insurance companies, with a total investment of approximately 136,872,015.40 rupees. Minor investments and expenses are also recorded in the Hotels and Tourism sector, including Bandiipur Cable Car and Tourism Limited, and other miscellaneous categories.
Fund Management and Governance
The MBL Equity Fund is operated under the Machhapuchchhre Bank Limited (MBL), which serves as the fund promoter. The responsibility for the day-to-day management of the fund, including investment decisions and depository services, rests with Machhapuchchhre Capital Limited, located in the JDA Complex in Kathmandu.
For More: Machhapuchchhre “MBL Equity Fund”
