Muktinath Mutual Fund 1

Muktinath Mutual Fund 1 is a closed-end mutual fund scheme operating in Nepal. It is managed by Muktinath Capital Limited (MCL), which acts as the fund manager and sponsor of MNMF1. The fund was launched with a total fund size of NPR 1.25 Arba. As of recent reports, MNMF1 invests in a diversified portfolio primarily in listed Nepalese securities (stocks), and also retains some investments in public issues, right shares/bonus shares, and maintains a portion in bank balance for liquidity. MNMF1 is meant to serve as a medium- to long-term investment vehicle: it is a “10-year closed-end” mutual fund scheme.The intended maturity/retirement date of the fund is Poush 3, 2091 B.S. (according to its scheme terms) after which it will presumably wind up or distribute according to NEPSE/securities regulations. The idea behind MNMF1 is to give investors access to a diversified basket of Nepalese-listed shares (and other securities) managed by a professional fund manager which can reduce individual stock risk, provide potential dividend income and capital appreciation over time. As a mutual fund, it offers investors a pooled investment structure, diversification, and professional management under a regulated framework.From recent performance updates: for example, in March 2025 (Falgun 2081 B.S.), MNMF1 published a NAV of Rs. 10.10, reflecting a modest increase over prior months. In contrast, more recently (as of September 2025 — Bhadra), the fund reported a net loss for the month, and its NAV was reported as Rs. 9.78, down from earlier values.This suggests that like many equity-type funds MNMF1’s returns (NAV) can fluctuate based on market conditions, valuations of underlying shares, and macroeconomic factors.