Siddhartha Mutual Fund is the first mutual fund registered with Securities Board of Nepal (SEBON) to conceptualize and issue mutual fund schemes as per the Mutual Fund Regulation of 2010.
Since then, SCL has successfully managed to float closed-end Mutual Fund Schemes worth NPR. 4.20 billion in the market. The fund manager i.e. SCL has successfully redeemed two of its mutual fund schemes; Siddhartha Investment Growth Scheme – 1 (SIGS1) and Siddhartha Equity Oriented Scheme (SEOS), both being a 5-year close-ended scheme with a basic fund size of NPR. 500 million and NPR. 1 billion providing an annual return of 48.5% and 13.60% respectively. Currently, SCL has been managing two closed-end equity-oriented schemes raised for a period of 10 years, Siddhartha Equity Fund (SEF) & Siddhartha Investment Growth Scheme-2 (SIGS-2) equivalent to fund size of NPR 2.7 billion.
Both schemes aim to provide a regular and balanced return over the scheme period while focusing on the highest possible capital appreciation at the end of the maturity.
To do so, a strategy or balancing risk elements through composite investment strategy and the proper weight-age plan is taken up, after which investment is made in growth, dividend-paying blue-chip securities, IPOs and other equities, fixed income securities, particularly for the second scheme SEOS. The efficiency of the scheme management is reflected through the Net Asset Value (NAV) and consistent dividend payments.
Siddhartha Equity Fund (SEF)
Siddhartha Equity Fund (SEF) is a close-ended equity scheme with a fund size of NPR. 1.5 billion with a maturity period of 10 years.
Siddhartha Investment Growth Scheme 3 (SIGS 3)
Siddhartha Investment Growth Scheme 3 (SIGS 3) is a close-ended scheme with a seed capital of 15 % of scheme size and maturity period of 10 years.
Siddhartha Investment Growth Scheme - 2 (SIGS2)
Siddhartha Investment Growth Scheme - 2 (SIGS2) is a 10-year close-ended scheme and the fourth Mutual Fund scheme launched under Siddhartha Mutual Fund.
Siddhartha Systematic Investment Scheme (SSIS)
Siddhartha Systematic Investment Scheme (SSIS), is an open-end scheme with an initial corpus fund of NPR. 20 crores.
Open-end mutual fund has just started in Nepal as NIBL Sahabhagita Fund is the first open-end mutual fund in Nepal issued to the general public on Jestha 19, 2076. NMB Saral Bachat Fund – E has the highest fund size of 55 crores NPR followed by NIC Asia Dynamic Debt Fund of 50 crores NPR.
Equity funds provide investors with several benefits, including diversification, professional management, and the potential for superior returns. These funds also come with risks associated with stock market volatility and losses.
Here are 5 mutual fund schemes with highest 3-year returns along with their expense ratios: Quant Small Cap Fund(G) tops the chart with over 39% returns followed by Quant Mid Cap Fund(G), Nippon India Small Cap Fund(G), Quant Flexi Cap Fund(G) and Motilal Oswal Midcap Fund-Reg(G) in the same pecking order.
They are considered one of the safest investments you can make. Money market funds are used by investors who want to protect their retirement savings but still earn some interest — often between 1% and 3% a year. (Learn more about money market funds.)
Mutual fund investments when used right can lead to good returns, keeping risk at a minimum, especially when compared with individual stocks or bonds. These are especially great for people who are not experts in stock market dynamics as these are run by experienced fund managers.
However, the average annual return in the fixed deposit rates provided by banks and financial institutions (Class A, B and C) in the past seven years (2015-2022) is 8.57% and the average annual return from the mutual funds traded in Nepal Stock Exchange is 15.76%.
There is no such thing called as maturity in a SIP/ Mutual Funds. You can extend your SIP in the same mutual fund if to wish to do so by registering again. But if you don't want to invest any further and you do not need the money it is advisable to keep the money invested with the fund House.
If you wonder which company has the highest share price in the world, here is the answer. Berkshire Hathaway, the conglomerate headed by legendary investor Warren Buffett, has the most expensive stock in the world, with shares trading at over $400,000 each.
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