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<div>
<span style="font-size:14px;">The third edition of Money Expo for the year 2013 will take place in the Capital from October 31 to November 2. Being the largest finance and investment show in Nepal, the expo will focus on the promotion of investment opportunities and wealth protection strategies. In the expo, a separate interaction entitled ‘Mutual Fund: Another Attraction of Investment’ will be organized. New Business Age recently conducted a discussion on the same issue and experts presented their opinions.<strong> Excerpts: </strong></span></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Niraj Giri Spokesperson, Sebon" src="/userfiles/images/ng.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Niraj Giri </strong></span></div>
<div>
<span style="font-size:14px;">Spokesperson, Sebon</span></div>
<div>
•Financial literacy is crucial for the expansion of mutual funds. Literacy is necessary for policy makers as well as investors. </div>
<div>
•The Mutual Funds have been established to develop and expand share markets in the country. The fund is aimed at reducing the problem of institutional investment in the share market. This may also help expand the stock market.</div>
<div>
•Even investors should put forth their initiatives for financial literacy. In developed countries, investors are more proactive than the regulator in initiating financial literacy programmes. </div>
<div>
•Our market is completely focused in Kathmandu which is another stumbling block for mutual funds.</div>
<div>
•Absence of an independent mechanism to fix the price of securities is another problem.</div>
<div>
•Citizen Investment Trust (CIT) has been failing to work in line with its objective. We have to develop it as a market maker.</div>
<div>
</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Pravin Raman Parajuli CEO, Nabil Investment Banking Ltd " src="/userfiles/images/prp.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Pravin Raman Parajuli </strong></span></div>
<div>
<span style="font-size:14px;">CEO, Nabil Investment Banking Ltd </span></div>
<div>
•We have equal opportunities in mutual funds. However, managing the fund is indeed a challenging job. </div>
<div>
•A mutual fund plays a key role in providing security to its unit holders. That is why it should not be restricted to buy and sell shares.</div>
<div>
•We have 21,000 investors associated with our group. Most of them are grass root investors. We have also found that some of them are investing assuming mutual funds as IPOs.</div>
<div>
•Worldwide practice in mutual funds involves professional investment management and risk diversification. But the big question now is: have we been able to diversify risks? There have been some problems due to market limitations. Our market is full of banks and financial sectors. If we have to diversify our investment in the future, there seems to be no place for it.</div>
<div>
•Investors should also think about where they should invest next and what would be its risks and consequences.</div>
<div>
•We have to think about long term consequences rather than temporary ones.</div>
<div>
•We have to think about bringing real sector companies into the public for market diversification.</div>
<div>
•The nation should also take steps on awareness on mutual funds.</div>
<div>
•Stock availability is another problem. Out of total listed shares, only 8-10 per cent are available for trade.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Narayan Prasad Ghimire Chief, Share Division, Citizen Investment Trust " src="/userfiles/images/npg.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Narayan Prasad Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">Chief, Share Division, Citizen Investment Trust </span></div>
<div>
•The Mutual Fund is a good option from a profit-making perspective because it has fewer risks.</div>
<div>
•Interest on mutual funds is declining because of the government’s policies regarding mutual funds. We had requested the government for exemption of income tax on at least Rs 50,000 of the total income of investors. But that could not be addressed in the budget, which has discouraged investors.</div>
<div>
•Because of less profit on mutual funds, people prefer direct personal investments instead.</div>
<div>
•The main problem of mutual fund is that most people lack knowledge about it. People who are aware are not interested in investing. That is why, despite the ability to invest, participation has not increased.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Shreejesh Ghimire CEO, NMB Capital" src="/userfiles/images/sg(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Shreejesh Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">CEO, NMB Capital </span></div>
<div>
•The demand of the mutual fund is very high in other countries but in the context of Nepal, demand is declining in spite of the progress the fund has made. This is the result of lack of awareness. The government made the policy but did not help further. The regulatory body SEBON, too, did not address the problem in time.</div>
<div>
•People are not aware of the benefits of investing on mutual funds. The main problem is market awareness which is very low. All stakeholders should work on raising awareness among people.</div>
<div>
•Lack of far sightedness in investors is another problem. Investors expect to double their amount invested in IPO. And if the company does not give result in four months, they believe it to be a bad company. As mutual funds’ plan is of five years, at least a year should be given before making any comments.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Dhruba Timalsina CEO, Siddhartha Mutual Fund" src="/userfiles/images/dt.jpg" style="
float: left; margin: 0px 10px 0px 0px;height: 186px; width: 150px;" />Dhruba Timalsina</span></strong></div>
<div>
<span style="font-size:14px;">CEO, Siddhartha Mutual Fund</span></div>
<div>
Rumours often create problems for mutual funds. For example, some vested interest people sometimes try to reduce share price of a certain company by creating a rumour. </div>
<div>
</div>
<div>
The mutual fund is given priority while issuing new shares. The general public thinks that the fund manager will get undue profit from such arrangement. It is a big misconception. The profit and advantage of the fund is not for the fund manager but for investors. </div>
<div>
</div>
<div>
I have seen financial illiteracy among investors as another big problem. They look forward to share prices rather than the overall returns. </div>
<div>
</div>
<div>
The Central Depository System (CDS) has not been working fully. Tasks have not been performed yet in shares dematerialisation. Given that investors outside the valley do not have access to opportunities, it is necessary to make CDS work fully.</div>
<div>
</div>
<div>
It is also necessary to make it clear that mutual funds are different from market makers. </div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Uddhab Shivakoti Share Investor" src="/userfiles/images/us.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 190px;" />Uddhab Shivakoti</span></strong></div>
<div>
<span style="font-size:14px;">Share Investor</span></div>
<div>
Mutual funds have failed to work as market makers. As they have failed to work as market makers, it shows that there is no difference between collective fund investors and mutual funds. When the market declined, mutual funds could have played a role to increase demand. Similarly, it can help in meeting demand if the market is booming. But such things have not happened. </div>
<div>
</div>
<div>
If we observe the portfolio of the mutual funds, we can find that the investment has not been </div>
<div>
done sincerely.</div>',
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<div>
<span style="font-size:14px;">The third edition of Money Expo for the year 2013 will take place in the Capital from October 31 to November 2. Being the largest finance and investment show in Nepal, the expo will focus on the promotion of investment opportunities and wealth protection strategies. In the expo, a separate interaction entitled ‘Mutual Fund: Another Attraction of Investment’ will be organized. New Business Age recently conducted a discussion on the same issue and experts presented their opinions.<strong> Excerpts: </strong></span></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Niraj Giri Spokesperson, Sebon" src="/userfiles/images/ng.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Niraj Giri </strong></span></div>
<div>
<span style="font-size:14px;">Spokesperson, Sebon</span></div>
<div>
•Financial literacy is crucial for the expansion of mutual funds. Literacy is necessary for policy makers as well as investors. </div>
<div>
•The Mutual Funds have been established to develop and expand share markets in the country. The fund is aimed at reducing the problem of institutional investment in the share market. This may also help expand the stock market.</div>
<div>
•Even investors should put forth their initiatives for financial literacy. In developed countries, investors are more proactive than the regulator in initiating financial literacy programmes. </div>
<div>
•Our market is completely focused in Kathmandu which is another stumbling block for mutual funds.</div>
<div>
•Absence of an independent mechanism to fix the price of securities is another problem.</div>
<div>
•Citizen Investment Trust (CIT) has been failing to work in line with its objective. We have to develop it as a market maker.</div>
<div>
</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Pravin Raman Parajuli CEO, Nabil Investment Banking Ltd " src="/userfiles/images/prp.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Pravin Raman Parajuli </strong></span></div>
<div>
<span style="font-size:14px;">CEO, Nabil Investment Banking Ltd </span></div>
<div>
•We have equal opportunities in mutual funds. However, managing the fund is indeed a challenging job. </div>
<div>
•A mutual fund plays a key role in providing security to its unit holders. That is why it should not be restricted to buy and sell shares.</div>
<div>
•We have 21,000 investors associated with our group. Most of them are grass root investors. We have also found that some of them are investing assuming mutual funds as IPOs.</div>
<div>
•Worldwide practice in mutual funds involves professional investment management and risk diversification. But the big question now is: have we been able to diversify risks? There have been some problems due to market limitations. Our market is full of banks and financial sectors. If we have to diversify our investment in the future, there seems to be no place for it.</div>
<div>
•Investors should also think about where they should invest next and what would be its risks and consequences.</div>
<div>
•We have to think about long term consequences rather than temporary ones.</div>
<div>
•We have to think about bringing real sector companies into the public for market diversification.</div>
<div>
•The nation should also take steps on awareness on mutual funds.</div>
<div>
•Stock availability is another problem. Out of total listed shares, only 8-10 per cent are available for trade.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Narayan Prasad Ghimire Chief, Share Division, Citizen Investment Trust " src="/userfiles/images/npg.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Narayan Prasad Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">Chief, Share Division, Citizen Investment Trust </span></div>
<div>
•The Mutual Fund is a good option from a profit-making perspective because it has fewer risks.</div>
<div>
•Interest on mutual funds is declining because of the government’s policies regarding mutual funds. We had requested the government for exemption of income tax on at least Rs 50,000 of the total income of investors. But that could not be addressed in the budget, which has discouraged investors.</div>
<div>
•Because of less profit on mutual funds, people prefer direct personal investments instead.</div>
<div>
•The main problem of mutual fund is that most people lack knowledge about it. People who are aware are not interested in investing. That is why, despite the ability to invest, participation has not increased.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Shreejesh Ghimire CEO, NMB Capital" src="/userfiles/images/sg(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Shreejesh Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">CEO, NMB Capital </span></div>
<div>
•The demand of the mutual fund is very high in other countries but in the context of Nepal, demand is declining in spite of the progress the fund has made. This is the result of lack of awareness. The government made the policy but did not help further. The regulatory body SEBON, too, did not address the problem in time.</div>
<div>
•People are not aware of the benefits of investing on mutual funds. The main problem is market awareness which is very low. All stakeholders should work on raising awareness among people.</div>
<div>
•Lack of far sightedness in investors is another problem. Investors expect to double their amount invested in IPO. And if the company does not give result in four months, they believe it to be a bad company. As mutual funds’ plan is of five years, at least a year should be given before making any comments.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Dhruba Timalsina CEO, Siddhartha Mutual Fund" src="/userfiles/images/dt.jpg" style="
float: left; margin: 0px 10px 0px 0px;height: 186px; width: 150px;" />Dhruba Timalsina</span></strong></div>
<div>
<span style="font-size:14px;">CEO, Siddhartha Mutual Fund</span></div>
<div>
Rumours often create problems for mutual funds. For example, some vested interest people sometimes try to reduce share price of a certain company by creating a rumour. </div>
<div>
</div>
<div>
The mutual fund is given priority while issuing new shares. The general public thinks that the fund manager will get undue profit from such arrangement. It is a big misconception. The profit and advantage of the fund is not for the fund manager but for investors. </div>
<div>
</div>
<div>
I have seen financial illiteracy among investors as another big problem. They look forward to share prices rather than the overall returns. </div>
<div>
</div>
<div>
The Central Depository System (CDS) has not been working fully. Tasks have not been performed yet in shares dematerialisation. Given that investors outside the valley do not have access to opportunities, it is necessary to make CDS work fully.</div>
<div>
</div>
<div>
It is also necessary to make it clear that mutual funds are different from market makers. </div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Uddhab Shivakoti Share Investor" src="/userfiles/images/us.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 190px;" />Uddhab Shivakoti</span></strong></div>
<div>
<span style="font-size:14px;">Share Investor</span></div>
<div>
Mutual funds have failed to work as market makers. As they have failed to work as market makers, it shows that there is no difference between collective fund investors and mutual funds. When the market declined, mutual funds could have played a role to increase demand. Similarly, it can help in meeting demand if the market is booming. But such things have not happened. </div>
<div>
</div>
<div>
If we observe the portfolio of the mutual funds, we can find that the investment has not been </div>
<div>
done sincerely.</div>',
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<div>
<span style="font-size:14px;">The third edition of Money Expo for the year 2013 will take place in the Capital from October 31 to November 2. Being the largest finance and investment show in Nepal, the expo will focus on the promotion of investment opportunities and wealth protection strategies. In the expo, a separate interaction entitled ‘Mutual Fund: Another Attraction of Investment’ will be organized. New Business Age recently conducted a discussion on the same issue and experts presented their opinions.<strong> Excerpts: </strong></span></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Niraj Giri Spokesperson, Sebon" src="/userfiles/images/ng.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Niraj Giri </strong></span></div>
<div>
<span style="font-size:14px;">Spokesperson, Sebon</span></div>
<div>
•Financial literacy is crucial for the expansion of mutual funds. Literacy is necessary for policy makers as well as investors. </div>
<div>
•The Mutual Funds have been established to develop and expand share markets in the country. The fund is aimed at reducing the problem of institutional investment in the share market. This may also help expand the stock market.</div>
<div>
•Even investors should put forth their initiatives for financial literacy. In developed countries, investors are more proactive than the regulator in initiating financial literacy programmes. </div>
<div>
•Our market is completely focused in Kathmandu which is another stumbling block for mutual funds.</div>
<div>
•Absence of an independent mechanism to fix the price of securities is another problem.</div>
<div>
•Citizen Investment Trust (CIT) has been failing to work in line with its objective. We have to develop it as a market maker.</div>
<div>
</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Pravin Raman Parajuli CEO, Nabil Investment Banking Ltd " src="/userfiles/images/prp.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Pravin Raman Parajuli </strong></span></div>
<div>
<span style="font-size:14px;">CEO, Nabil Investment Banking Ltd </span></div>
<div>
•We have equal opportunities in mutual funds. However, managing the fund is indeed a challenging job. </div>
<div>
•A mutual fund plays a key role in providing security to its unit holders. That is why it should not be restricted to buy and sell shares.</div>
<div>
•We have 21,000 investors associated with our group. Most of them are grass root investors. We have also found that some of them are investing assuming mutual funds as IPOs.</div>
<div>
•Worldwide practice in mutual funds involves professional investment management and risk diversification. But the big question now is: have we been able to diversify risks? There have been some problems due to market limitations. Our market is full of banks and financial sectors. If we have to diversify our investment in the future, there seems to be no place for it.</div>
<div>
•Investors should also think about where they should invest next and what would be its risks and consequences.</div>
<div>
•We have to think about long term consequences rather than temporary ones.</div>
<div>
•We have to think about bringing real sector companies into the public for market diversification.</div>
<div>
•The nation should also take steps on awareness on mutual funds.</div>
<div>
•Stock availability is another problem. Out of total listed shares, only 8-10 per cent are available for trade.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Narayan Prasad Ghimire Chief, Share Division, Citizen Investment Trust " src="/userfiles/images/npg.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Narayan Prasad Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">Chief, Share Division, Citizen Investment Trust </span></div>
<div>
•The Mutual Fund is a good option from a profit-making perspective because it has fewer risks.</div>
<div>
•Interest on mutual funds is declining because of the government’s policies regarding mutual funds. We had requested the government for exemption of income tax on at least Rs 50,000 of the total income of investors. But that could not be addressed in the budget, which has discouraged investors.</div>
<div>
•Because of less profit on mutual funds, people prefer direct personal investments instead.</div>
<div>
•The main problem of mutual fund is that most people lack knowledge about it. People who are aware are not interested in investing. That is why, despite the ability to invest, participation has not increased.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Shreejesh Ghimire CEO, NMB Capital" src="/userfiles/images/sg(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Shreejesh Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">CEO, NMB Capital </span></div>
<div>
•The demand of the mutual fund is very high in other countries but in the context of Nepal, demand is declining in spite of the progress the fund has made. This is the result of lack of awareness. The government made the policy but did not help further. The regulatory body SEBON, too, did not address the problem in time.</div>
<div>
•People are not aware of the benefits of investing on mutual funds. The main problem is market awareness which is very low. All stakeholders should work on raising awareness among people.</div>
<div>
•Lack of far sightedness in investors is another problem. Investors expect to double their amount invested in IPO. And if the company does not give result in four months, they believe it to be a bad company. As mutual funds’ plan is of five years, at least a year should be given before making any comments.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Dhruba Timalsina CEO, Siddhartha Mutual Fund" src="/userfiles/images/dt.jpg" style="
float: left; margin: 0px 10px 0px 0px;height: 186px; width: 150px;" />Dhruba Timalsina</span></strong></div>
<div>
<span style="font-size:14px;">CEO, Siddhartha Mutual Fund</span></div>
<div>
Rumours often create problems for mutual funds. For example, some vested interest people sometimes try to reduce share price of a certain company by creating a rumour. </div>
<div>
</div>
<div>
The mutual fund is given priority while issuing new shares. The general public thinks that the fund manager will get undue profit from such arrangement. It is a big misconception. The profit and advantage of the fund is not for the fund manager but for investors. </div>
<div>
</div>
<div>
I have seen financial illiteracy among investors as another big problem. They look forward to share prices rather than the overall returns. </div>
<div>
</div>
<div>
The Central Depository System (CDS) has not been working fully. Tasks have not been performed yet in shares dematerialisation. Given that investors outside the valley do not have access to opportunities, it is necessary to make CDS work fully.</div>
<div>
</div>
<div>
It is also necessary to make it clear that mutual funds are different from market makers. </div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Uddhab Shivakoti Share Investor" src="/userfiles/images/us.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 190px;" />Uddhab Shivakoti</span></strong></div>
<div>
<span style="font-size:14px;">Share Investor</span></div>
<div>
Mutual funds have failed to work as market makers. As they have failed to work as market makers, it shows that there is no difference between collective fund investors and mutual funds. When the market declined, mutual funds could have played a role to increase demand. Similarly, it can help in meeting demand if the market is booming. But such things have not happened. </div>
<div>
</div>
<div>
If we observe the portfolio of the mutual funds, we can find that the investment has not been </div>
<div>
done sincerely.</div>',
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<div>
<span style="font-size:14px;">The third edition of Money Expo for the year 2013 will take place in the Capital from October 31 to November 2. Being the largest finance and investment show in Nepal, the expo will focus on the promotion of investment opportunities and wealth protection strategies. In the expo, a separate interaction entitled ‘Mutual Fund: Another Attraction of Investment’ will be organized. New Business Age recently conducted a discussion on the same issue and experts presented their opinions.<strong> Excerpts: </strong></span></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Niraj Giri Spokesperson, Sebon" src="/userfiles/images/ng.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Niraj Giri </strong></span></div>
<div>
<span style="font-size:14px;">Spokesperson, Sebon</span></div>
<div>
•Financial literacy is crucial for the expansion of mutual funds. Literacy is necessary for policy makers as well as investors. </div>
<div>
•The Mutual Funds have been established to develop and expand share markets in the country. The fund is aimed at reducing the problem of institutional investment in the share market. This may also help expand the stock market.</div>
<div>
•Even investors should put forth their initiatives for financial literacy. In developed countries, investors are more proactive than the regulator in initiating financial literacy programmes. </div>
<div>
•Our market is completely focused in Kathmandu which is another stumbling block for mutual funds.</div>
<div>
•Absence of an independent mechanism to fix the price of securities is another problem.</div>
<div>
•Citizen Investment Trust (CIT) has been failing to work in line with its objective. We have to develop it as a market maker.</div>
<div>
</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Pravin Raman Parajuli CEO, Nabil Investment Banking Ltd " src="/userfiles/images/prp.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Pravin Raman Parajuli </strong></span></div>
<div>
<span style="font-size:14px;">CEO, Nabil Investment Banking Ltd </span></div>
<div>
•We have equal opportunities in mutual funds. However, managing the fund is indeed a challenging job. </div>
<div>
•A mutual fund plays a key role in providing security to its unit holders. That is why it should not be restricted to buy and sell shares.</div>
<div>
•We have 21,000 investors associated with our group. Most of them are grass root investors. We have also found that some of them are investing assuming mutual funds as IPOs.</div>
<div>
•Worldwide practice in mutual funds involves professional investment management and risk diversification. But the big question now is: have we been able to diversify risks? There have been some problems due to market limitations. Our market is full of banks and financial sectors. If we have to diversify our investment in the future, there seems to be no place for it.</div>
<div>
•Investors should also think about where they should invest next and what would be its risks and consequences.</div>
<div>
•We have to think about long term consequences rather than temporary ones.</div>
<div>
•We have to think about bringing real sector companies into the public for market diversification.</div>
<div>
•The nation should also take steps on awareness on mutual funds.</div>
<div>
•Stock availability is another problem. Out of total listed shares, only 8-10 per cent are available for trade.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Narayan Prasad Ghimire Chief, Share Division, Citizen Investment Trust " src="/userfiles/images/npg.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Narayan Prasad Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">Chief, Share Division, Citizen Investment Trust </span></div>
<div>
•The Mutual Fund is a good option from a profit-making perspective because it has fewer risks.</div>
<div>
•Interest on mutual funds is declining because of the government’s policies regarding mutual funds. We had requested the government for exemption of income tax on at least Rs 50,000 of the total income of investors. But that could not be addressed in the budget, which has discouraged investors.</div>
<div>
•Because of less profit on mutual funds, people prefer direct personal investments instead.</div>
<div>
•The main problem of mutual fund is that most people lack knowledge about it. People who are aware are not interested in investing. That is why, despite the ability to invest, participation has not increased.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Shreejesh Ghimire CEO, NMB Capital" src="/userfiles/images/sg(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Shreejesh Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">CEO, NMB Capital </span></div>
<div>
•The demand of the mutual fund is very high in other countries but in the context of Nepal, demand is declining in spite of the progress the fund has made. This is the result of lack of awareness. The government made the policy but did not help further. The regulatory body SEBON, too, did not address the problem in time.</div>
<div>
•People are not aware of the benefits of investing on mutual funds. The main problem is market awareness which is very low. All stakeholders should work on raising awareness among people.</div>
<div>
•Lack of far sightedness in investors is another problem. Investors expect to double their amount invested in IPO. And if the company does not give result in four months, they believe it to be a bad company. As mutual funds’ plan is of five years, at least a year should be given before making any comments.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Dhruba Timalsina CEO, Siddhartha Mutual Fund" src="/userfiles/images/dt.jpg" style="
float: left; margin: 0px 10px 0px 0px;height: 186px; width: 150px;" />Dhruba Timalsina</span></strong></div>
<div>
<span style="font-size:14px;">CEO, Siddhartha Mutual Fund</span></div>
<div>
Rumours often create problems for mutual funds. For example, some vested interest people sometimes try to reduce share price of a certain company by creating a rumour. </div>
<div>
</div>
<div>
The mutual fund is given priority while issuing new shares. The general public thinks that the fund manager will get undue profit from such arrangement. It is a big misconception. The profit and advantage of the fund is not for the fund manager but for investors. </div>
<div>
</div>
<div>
I have seen financial illiteracy among investors as another big problem. They look forward to share prices rather than the overall returns. </div>
<div>
</div>
<div>
The Central Depository System (CDS) has not been working fully. Tasks have not been performed yet in shares dematerialisation. Given that investors outside the valley do not have access to opportunities, it is necessary to make CDS work fully.</div>
<div>
</div>
<div>
It is also necessary to make it clear that mutual funds are different from market makers. </div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Uddhab Shivakoti Share Investor" src="/userfiles/images/us.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 190px;" />Uddhab Shivakoti</span></strong></div>
<div>
<span style="font-size:14px;">Share Investor</span></div>
<div>
Mutual funds have failed to work as market makers. As they have failed to work as market makers, it shows that there is no difference between collective fund investors and mutual funds. When the market declined, mutual funds could have played a role to increase demand. Similarly, it can help in meeting demand if the market is booming. But such things have not happened. </div>
<div>
</div>
<div>
If we observe the portfolio of the mutual funds, we can find that the investment has not been </div>
<div>
done sincerely.</div>',
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<div>
<span style="font-size:14px;">The third edition of Money Expo for the year 2013 will take place in the Capital from October 31 to November 2. Being the largest finance and investment show in Nepal, the expo will focus on the promotion of investment opportunities and wealth protection strategies. In the expo, a separate interaction entitled ‘Mutual Fund: Another Attraction of Investment’ will be organized. New Business Age recently conducted a discussion on the same issue and experts presented their opinions.<strong> Excerpts: </strong></span></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Niraj Giri Spokesperson, Sebon" src="/userfiles/images/ng.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Niraj Giri </strong></span></div>
<div>
<span style="font-size:14px;">Spokesperson, Sebon</span></div>
<div>
•Financial literacy is crucial for the expansion of mutual funds. Literacy is necessary for policy makers as well as investors. </div>
<div>
•The Mutual Funds have been established to develop and expand share markets in the country. The fund is aimed at reducing the problem of institutional investment in the share market. This may also help expand the stock market.</div>
<div>
•Even investors should put forth their initiatives for financial literacy. In developed countries, investors are more proactive than the regulator in initiating financial literacy programmes. </div>
<div>
•Our market is completely focused in Kathmandu which is another stumbling block for mutual funds.</div>
<div>
•Absence of an independent mechanism to fix the price of securities is another problem.</div>
<div>
•Citizen Investment Trust (CIT) has been failing to work in line with its objective. We have to develop it as a market maker.</div>
<div>
</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Pravin Raman Parajuli CEO, Nabil Investment Banking Ltd " src="/userfiles/images/prp.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Pravin Raman Parajuli </strong></span></div>
<div>
<span style="font-size:14px;">CEO, Nabil Investment Banking Ltd </span></div>
<div>
•We have equal opportunities in mutual funds. However, managing the fund is indeed a challenging job. </div>
<div>
•A mutual fund plays a key role in providing security to its unit holders. That is why it should not be restricted to buy and sell shares.</div>
<div>
•We have 21,000 investors associated with our group. Most of them are grass root investors. We have also found that some of them are investing assuming mutual funds as IPOs.</div>
<div>
•Worldwide practice in mutual funds involves professional investment management and risk diversification. But the big question now is: have we been able to diversify risks? There have been some problems due to market limitations. Our market is full of banks and financial sectors. If we have to diversify our investment in the future, there seems to be no place for it.</div>
<div>
•Investors should also think about where they should invest next and what would be its risks and consequences.</div>
<div>
•We have to think about long term consequences rather than temporary ones.</div>
<div>
•We have to think about bringing real sector companies into the public for market diversification.</div>
<div>
•The nation should also take steps on awareness on mutual funds.</div>
<div>
•Stock availability is another problem. Out of total listed shares, only 8-10 per cent are available for trade.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Narayan Prasad Ghimire Chief, Share Division, Citizen Investment Trust " src="/userfiles/images/npg.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Narayan Prasad Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">Chief, Share Division, Citizen Investment Trust </span></div>
<div>
•The Mutual Fund is a good option from a profit-making perspective because it has fewer risks.</div>
<div>
•Interest on mutual funds is declining because of the government’s policies regarding mutual funds. We had requested the government for exemption of income tax on at least Rs 50,000 of the total income of investors. But that could not be addressed in the budget, which has discouraged investors.</div>
<div>
•Because of less profit on mutual funds, people prefer direct personal investments instead.</div>
<div>
•The main problem of mutual fund is that most people lack knowledge about it. People who are aware are not interested in investing. That is why, despite the ability to invest, participation has not increased.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Shreejesh Ghimire CEO, NMB Capital" src="/userfiles/images/sg(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Shreejesh Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">CEO, NMB Capital </span></div>
<div>
•The demand of the mutual fund is very high in other countries but in the context of Nepal, demand is declining in spite of the progress the fund has made. This is the result of lack of awareness. The government made the policy but did not help further. The regulatory body SEBON, too, did not address the problem in time.</div>
<div>
•People are not aware of the benefits of investing on mutual funds. The main problem is market awareness which is very low. All stakeholders should work on raising awareness among people.</div>
<div>
•Lack of far sightedness in investors is another problem. Investors expect to double their amount invested in IPO. And if the company does not give result in four months, they believe it to be a bad company. As mutual funds’ plan is of five years, at least a year should be given before making any comments.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Dhruba Timalsina CEO, Siddhartha Mutual Fund" src="/userfiles/images/dt.jpg" style="
float: left; margin: 0px 10px 0px 0px;height: 186px; width: 150px;" />Dhruba Timalsina</span></strong></div>
<div>
<span style="font-size:14px;">CEO, Siddhartha Mutual Fund</span></div>
<div>
Rumours often create problems for mutual funds. For example, some vested interest people sometimes try to reduce share price of a certain company by creating a rumour. </div>
<div>
</div>
<div>
The mutual fund is given priority while issuing new shares. The general public thinks that the fund manager will get undue profit from such arrangement. It is a big misconception. The profit and advantage of the fund is not for the fund manager but for investors. </div>
<div>
</div>
<div>
I have seen financial illiteracy among investors as another big problem. They look forward to share prices rather than the overall returns. </div>
<div>
</div>
<div>
The Central Depository System (CDS) has not been working fully. Tasks have not been performed yet in shares dematerialisation. Given that investors outside the valley do not have access to opportunities, it is necessary to make CDS work fully.</div>
<div>
</div>
<div>
It is also necessary to make it clear that mutual funds are different from market makers. </div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Uddhab Shivakoti Share Investor" src="/userfiles/images/us.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 190px;" />Uddhab Shivakoti</span></strong></div>
<div>
<span style="font-size:14px;">Share Investor</span></div>
<div>
Mutual funds have failed to work as market makers. As they have failed to work as market makers, it shows that there is no difference between collective fund investors and mutual funds. When the market declined, mutual funds could have played a role to increase demand. Similarly, it can help in meeting demand if the market is booming. But such things have not happened. </div>
<div>
</div>
<div>
If we observe the portfolio of the mutual funds, we can find that the investment has not been </div>
<div>
done sincerely.</div>',
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<div>
<span style="font-size:14px;">The third edition of Money Expo for the year 2013 will take place in the Capital from October 31 to November 2. Being the largest finance and investment show in Nepal, the expo will focus on the promotion of investment opportunities and wealth protection strategies. In the expo, a separate interaction entitled ‘Mutual Fund: Another Attraction of Investment’ will be organized. New Business Age recently conducted a discussion on the same issue and experts presented their opinions.<strong> Excerpts: </strong></span></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Niraj Giri Spokesperson, Sebon" src="/userfiles/images/ng.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Niraj Giri </strong></span></div>
<div>
<span style="font-size:14px;">Spokesperson, Sebon</span></div>
<div>
•Financial literacy is crucial for the expansion of mutual funds. Literacy is necessary for policy makers as well as investors. </div>
<div>
•The Mutual Funds have been established to develop and expand share markets in the country. The fund is aimed at reducing the problem of institutional investment in the share market. This may also help expand the stock market.</div>
<div>
•Even investors should put forth their initiatives for financial literacy. In developed countries, investors are more proactive than the regulator in initiating financial literacy programmes. </div>
<div>
•Our market is completely focused in Kathmandu which is another stumbling block for mutual funds.</div>
<div>
•Absence of an independent mechanism to fix the price of securities is another problem.</div>
<div>
•Citizen Investment Trust (CIT) has been failing to work in line with its objective. We have to develop it as a market maker.</div>
<div>
</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Pravin Raman Parajuli CEO, Nabil Investment Banking Ltd " src="/userfiles/images/prp.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Pravin Raman Parajuli </strong></span></div>
<div>
<span style="font-size:14px;">CEO, Nabil Investment Banking Ltd </span></div>
<div>
•We have equal opportunities in mutual funds. However, managing the fund is indeed a challenging job. </div>
<div>
•A mutual fund plays a key role in providing security to its unit holders. That is why it should not be restricted to buy and sell shares.</div>
<div>
•We have 21,000 investors associated with our group. Most of them are grass root investors. We have also found that some of them are investing assuming mutual funds as IPOs.</div>
<div>
•Worldwide practice in mutual funds involves professional investment management and risk diversification. But the big question now is: have we been able to diversify risks? There have been some problems due to market limitations. Our market is full of banks and financial sectors. If we have to diversify our investment in the future, there seems to be no place for it.</div>
<div>
•Investors should also think about where they should invest next and what would be its risks and consequences.</div>
<div>
•We have to think about long term consequences rather than temporary ones.</div>
<div>
•We have to think about bringing real sector companies into the public for market diversification.</div>
<div>
•The nation should also take steps on awareness on mutual funds.</div>
<div>
•Stock availability is another problem. Out of total listed shares, only 8-10 per cent are available for trade.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Narayan Prasad Ghimire Chief, Share Division, Citizen Investment Trust " src="/userfiles/images/npg.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Narayan Prasad Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">Chief, Share Division, Citizen Investment Trust </span></div>
<div>
•The Mutual Fund is a good option from a profit-making perspective because it has fewer risks.</div>
<div>
•Interest on mutual funds is declining because of the government’s policies regarding mutual funds. We had requested the government for exemption of income tax on at least Rs 50,000 of the total income of investors. But that could not be addressed in the budget, which has discouraged investors.</div>
<div>
•Because of less profit on mutual funds, people prefer direct personal investments instead.</div>
<div>
•The main problem of mutual fund is that most people lack knowledge about it. People who are aware are not interested in investing. That is why, despite the ability to invest, participation has not increased.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Shreejesh Ghimire CEO, NMB Capital" src="/userfiles/images/sg(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Shreejesh Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">CEO, NMB Capital </span></div>
<div>
•The demand of the mutual fund is very high in other countries but in the context of Nepal, demand is declining in spite of the progress the fund has made. This is the result of lack of awareness. The government made the policy but did not help further. The regulatory body SEBON, too, did not address the problem in time.</div>
<div>
•People are not aware of the benefits of investing on mutual funds. The main problem is market awareness which is very low. All stakeholders should work on raising awareness among people.</div>
<div>
•Lack of far sightedness in investors is another problem. Investors expect to double their amount invested in IPO. And if the company does not give result in four months, they believe it to be a bad company. As mutual funds’ plan is of five years, at least a year should be given before making any comments.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Dhruba Timalsina CEO, Siddhartha Mutual Fund" src="/userfiles/images/dt.jpg" style="
float: left; margin: 0px 10px 0px 0px;height: 186px; width: 150px;" />Dhruba Timalsina</span></strong></div>
<div>
<span style="font-size:14px;">CEO, Siddhartha Mutual Fund</span></div>
<div>
Rumours often create problems for mutual funds. For example, some vested interest people sometimes try to reduce share price of a certain company by creating a rumour. </div>
<div>
</div>
<div>
The mutual fund is given priority while issuing new shares. The general public thinks that the fund manager will get undue profit from such arrangement. It is a big misconception. The profit and advantage of the fund is not for the fund manager but for investors. </div>
<div>
</div>
<div>
I have seen financial illiteracy among investors as another big problem. They look forward to share prices rather than the overall returns. </div>
<div>
</div>
<div>
The Central Depository System (CDS) has not been working fully. Tasks have not been performed yet in shares dematerialisation. Given that investors outside the valley do not have access to opportunities, it is necessary to make CDS work fully.</div>
<div>
</div>
<div>
It is also necessary to make it clear that mutual funds are different from market makers. </div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Uddhab Shivakoti Share Investor" src="/userfiles/images/us.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 190px;" />Uddhab Shivakoti</span></strong></div>
<div>
<span style="font-size:14px;">Share Investor</span></div>
<div>
Mutual funds have failed to work as market makers. As they have failed to work as market makers, it shows that there is no difference between collective fund investors and mutual funds. When the market declined, mutual funds could have played a role to increase demand. Similarly, it can help in meeting demand if the market is booming. But such things have not happened. </div>
<div>
</div>
<div>
If we observe the portfolio of the mutual funds, we can find that the investment has not been </div>
<div>
done sincerely.</div>',
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The third edition of Money Expo for the year 2013 will take place in the Capital from October 31 to November 2. Being the largest finance and investment show in Nepal, the expo will focus on the promotion of investment opportunities and wealth protection strategies. In the expo, a separate interaction entitled ‘Mutual Fund: Another Attraction of Investment’ will be organized. New Business Age recently conducted a discussion on the same issue and experts presented their opinions. Excerpts:
Niraj Giri
Spokesperson, Sebon
•Financial literacy is crucial for the expansion of mutual funds. Literacy is necessary for policy makers as well as investors.
•The Mutual Funds have been established to develop and expand share markets in the country. The fund is aimed at reducing the problem of institutional investment in the share market. This may also help expand the stock market.
•Even investors should put forth their initiatives for financial literacy. In developed countries, investors are more proactive than the regulator in initiating financial literacy programmes.
•Our market is completely focused in Kathmandu which is another stumbling block for mutual funds.
•Absence of an independent mechanism to fix the price of securities is another problem.
•Citizen Investment Trust (CIT) has been failing to work in line with its objective. We have to develop it as a market maker.
Pravin Raman Parajuli
CEO, Nabil Investment Banking Ltd
•We have equal opportunities in mutual funds. However, managing the fund is indeed a challenging job.
•A mutual fund plays a key role in providing security to its unit holders. That is why it should not be restricted to buy and sell shares.
•We have 21,000 investors associated with our group. Most of them are grass root investors. We have also found that some of them are investing assuming mutual funds as IPOs.
•Worldwide practice in mutual funds involves professional investment management and risk diversification. But the big question now is: have we been able to diversify risks? There have been some problems due to market limitations. Our market is full of banks and financial sectors. If we have to diversify our investment in the future, there seems to be no place for it.
•Investors should also think about where they should invest next and what would be its risks and consequences.
•We have to think about long term consequences rather than temporary ones.
•We have to think about bringing real sector companies into the public for market diversification.
•The nation should also take steps on awareness on mutual funds.
•Stock availability is another problem. Out of total listed shares, only 8-10 per cent are available for trade.
Narayan Prasad Ghimire
Chief, Share Division, Citizen Investment Trust
•The Mutual Fund is a good option from a profit-making perspective because it has fewer risks.
•Interest on mutual funds is declining because of the government’s policies regarding mutual funds. We had requested the government for exemption of income tax on at least Rs 50,000 of the total income of investors. But that could not be addressed in the budget, which has discouraged investors.
•Because of less profit on mutual funds, people prefer direct personal investments instead.
•The main problem of mutual fund is that most people lack knowledge about it. People who are aware are not interested in investing. That is why, despite the ability to invest, participation has not increased.
Shreejesh Ghimire
CEO, NMB Capital
•The demand of the mutual fund is very high in other countries but in the context of Nepal, demand is declining in spite of the progress the fund has made. This is the result of lack of awareness. The government made the policy but did not help further. The regulatory body SEBON, too, did not address the problem in time.
•People are not aware of the benefits of investing on mutual funds. The main problem is market awareness which is very low. All stakeholders should work on raising awareness among people.
•Lack of far sightedness in investors is another problem. Investors expect to double their amount invested in IPO. And if the company does not give result in four months, they believe it to be a bad company. As mutual funds’ plan is of five years, at least a year should be given before making any comments.
Dhruba Timalsina
CEO, Siddhartha Mutual Fund
Rumours often create problems for mutual funds. For example, some vested interest people sometimes try to reduce share price of a certain company by creating a rumour.
The mutual fund is given priority while issuing new shares. The general public thinks that the fund manager will get undue profit from such arrangement. It is a big misconception. The profit and advantage of the fund is not for the fund manager but for investors.
I have seen financial illiteracy among investors as another big problem. They look forward to share prices rather than the overall returns.
The Central Depository System (CDS) has not been working fully. Tasks have not been performed yet in shares dematerialisation. Given that investors outside the valley do not have access to opportunities, it is necessary to make CDS work fully.
It is also necessary to make it clear that mutual funds are different from market makers.
Uddhab Shivakoti
Share Investor
Mutual funds have failed to work as market makers. As they have failed to work as market makers, it shows that there is no difference between collective fund investors and mutual funds. When the market declined, mutual funds could have played a role to increase demand. Similarly, it can help in meeting demand if the market is booming. But such things have not happened.
If we observe the portfolio of the mutual funds, we can find that the investment has not been
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<span style="font-size:14px;">The third edition of Money Expo for the year 2013 will take place in the Capital from October 31 to November 2. Being the largest finance and investment show in Nepal, the expo will focus on the promotion of investment opportunities and wealth protection strategies. In the expo, a separate interaction entitled ‘Mutual Fund: Another Attraction of Investment’ will be organized. New Business Age recently conducted a discussion on the same issue and experts presented their opinions.<strong> Excerpts: </strong></span></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Niraj Giri Spokesperson, Sebon" src="/userfiles/images/ng.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Niraj Giri </strong></span></div>
<div>
<span style="font-size:14px;">Spokesperson, Sebon</span></div>
<div>
•Financial literacy is crucial for the expansion of mutual funds. Literacy is necessary for policy makers as well as investors. </div>
<div>
•The Mutual Funds have been established to develop and expand share markets in the country. The fund is aimed at reducing the problem of institutional investment in the share market. This may also help expand the stock market.</div>
<div>
•Even investors should put forth their initiatives for financial literacy. In developed countries, investors are more proactive than the regulator in initiating financial literacy programmes. </div>
<div>
•Our market is completely focused in Kathmandu which is another stumbling block for mutual funds.</div>
<div>
•Absence of an independent mechanism to fix the price of securities is another problem.</div>
<div>
•Citizen Investment Trust (CIT) has been failing to work in line with its objective. We have to develop it as a market maker.</div>
<div>
</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Pravin Raman Parajuli CEO, Nabil Investment Banking Ltd " src="/userfiles/images/prp.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Pravin Raman Parajuli </strong></span></div>
<div>
<span style="font-size:14px;">CEO, Nabil Investment Banking Ltd </span></div>
<div>
•We have equal opportunities in mutual funds. However, managing the fund is indeed a challenging job. </div>
<div>
•A mutual fund plays a key role in providing security to its unit holders. That is why it should not be restricted to buy and sell shares.</div>
<div>
•We have 21,000 investors associated with our group. Most of them are grass root investors. We have also found that some of them are investing assuming mutual funds as IPOs.</div>
<div>
•Worldwide practice in mutual funds involves professional investment management and risk diversification. But the big question now is: have we been able to diversify risks? There have been some problems due to market limitations. Our market is full of banks and financial sectors. If we have to diversify our investment in the future, there seems to be no place for it.</div>
<div>
•Investors should also think about where they should invest next and what would be its risks and consequences.</div>
<div>
•We have to think about long term consequences rather than temporary ones.</div>
<div>
•We have to think about bringing real sector companies into the public for market diversification.</div>
<div>
•The nation should also take steps on awareness on mutual funds.</div>
<div>
•Stock availability is another problem. Out of total listed shares, only 8-10 per cent are available for trade.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Narayan Prasad Ghimire Chief, Share Division, Citizen Investment Trust " src="/userfiles/images/npg.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Narayan Prasad Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">Chief, Share Division, Citizen Investment Trust </span></div>
<div>
•The Mutual Fund is a good option from a profit-making perspective because it has fewer risks.</div>
<div>
•Interest on mutual funds is declining because of the government’s policies regarding mutual funds. We had requested the government for exemption of income tax on at least Rs 50,000 of the total income of investors. But that could not be addressed in the budget, which has discouraged investors.</div>
<div>
•Because of less profit on mutual funds, people prefer direct personal investments instead.</div>
<div>
•The main problem of mutual fund is that most people lack knowledge about it. People who are aware are not interested in investing. That is why, despite the ability to invest, participation has not increased.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Shreejesh Ghimire CEO, NMB Capital" src="/userfiles/images/sg(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Shreejesh Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">CEO, NMB Capital </span></div>
<div>
•The demand of the mutual fund is very high in other countries but in the context of Nepal, demand is declining in spite of the progress the fund has made. This is the result of lack of awareness. The government made the policy but did not help further. The regulatory body SEBON, too, did not address the problem in time.</div>
<div>
•People are not aware of the benefits of investing on mutual funds. The main problem is market awareness which is very low. All stakeholders should work on raising awareness among people.</div>
<div>
•Lack of far sightedness in investors is another problem. Investors expect to double their amount invested in IPO. And if the company does not give result in four months, they believe it to be a bad company. As mutual funds’ plan is of five years, at least a year should be given before making any comments.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Dhruba Timalsina CEO, Siddhartha Mutual Fund" src="/userfiles/images/dt.jpg" style="
float: left; margin: 0px 10px 0px 0px;height: 186px; width: 150px;" />Dhruba Timalsina</span></strong></div>
<div>
<span style="font-size:14px;">CEO, Siddhartha Mutual Fund</span></div>
<div>
Rumours often create problems for mutual funds. For example, some vested interest people sometimes try to reduce share price of a certain company by creating a rumour. </div>
<div>
</div>
<div>
The mutual fund is given priority while issuing new shares. The general public thinks that the fund manager will get undue profit from such arrangement. It is a big misconception. The profit and advantage of the fund is not for the fund manager but for investors. </div>
<div>
</div>
<div>
I have seen financial illiteracy among investors as another big problem. They look forward to share prices rather than the overall returns. </div>
<div>
</div>
<div>
The Central Depository System (CDS) has not been working fully. Tasks have not been performed yet in shares dematerialisation. Given that investors outside the valley do not have access to opportunities, it is necessary to make CDS work fully.</div>
<div>
</div>
<div>
It is also necessary to make it clear that mutual funds are different from market makers. </div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Uddhab Shivakoti Share Investor" src="/userfiles/images/us.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 190px;" />Uddhab Shivakoti</span></strong></div>
<div>
<span style="font-size:14px;">Share Investor</span></div>
<div>
Mutual funds have failed to work as market makers. As they have failed to work as market makers, it shows that there is no difference between collective fund investors and mutual funds. When the market declined, mutual funds could have played a role to increase demand. Similarly, it can help in meeting demand if the market is booming. But such things have not happened. </div>
<div>
</div>
<div>
If we observe the portfolio of the mutual funds, we can find that the investment has not been </div>
<div>
done sincerely.</div>',
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<span style="font-size:14px;">The third edition of Money Expo for the year 2013 will take place in the Capital from October 31 to November 2. Being the largest finance and investment show in Nepal, the expo will focus on the promotion of investment opportunities and wealth protection strategies. In the expo, a separate interaction entitled ‘Mutual Fund: Another Attraction of Investment’ will be organized. New Business Age recently conducted a discussion on the same issue and experts presented their opinions.<strong> Excerpts: </strong></span></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Niraj Giri Spokesperson, Sebon" src="/userfiles/images/ng.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Niraj Giri </strong></span></div>
<div>
<span style="font-size:14px;">Spokesperson, Sebon</span></div>
<div>
•Financial literacy is crucial for the expansion of mutual funds. Literacy is necessary for policy makers as well as investors. </div>
<div>
•The Mutual Funds have been established to develop and expand share markets in the country. The fund is aimed at reducing the problem of institutional investment in the share market. This may also help expand the stock market.</div>
<div>
•Even investors should put forth their initiatives for financial literacy. In developed countries, investors are more proactive than the regulator in initiating financial literacy programmes. </div>
<div>
•Our market is completely focused in Kathmandu which is another stumbling block for mutual funds.</div>
<div>
•Absence of an independent mechanism to fix the price of securities is another problem.</div>
<div>
•Citizen Investment Trust (CIT) has been failing to work in line with its objective. We have to develop it as a market maker.</div>
<div>
</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Pravin Raman Parajuli CEO, Nabil Investment Banking Ltd " src="/userfiles/images/prp.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Pravin Raman Parajuli </strong></span></div>
<div>
<span style="font-size:14px;">CEO, Nabil Investment Banking Ltd </span></div>
<div>
•We have equal opportunities in mutual funds. However, managing the fund is indeed a challenging job. </div>
<div>
•A mutual fund plays a key role in providing security to its unit holders. That is why it should not be restricted to buy and sell shares.</div>
<div>
•We have 21,000 investors associated with our group. Most of them are grass root investors. We have also found that some of them are investing assuming mutual funds as IPOs.</div>
<div>
•Worldwide practice in mutual funds involves professional investment management and risk diversification. But the big question now is: have we been able to diversify risks? There have been some problems due to market limitations. Our market is full of banks and financial sectors. If we have to diversify our investment in the future, there seems to be no place for it.</div>
<div>
•Investors should also think about where they should invest next and what would be its risks and consequences.</div>
<div>
•We have to think about long term consequences rather than temporary ones.</div>
<div>
•We have to think about bringing real sector companies into the public for market diversification.</div>
<div>
•The nation should also take steps on awareness on mutual funds.</div>
<div>
•Stock availability is another problem. Out of total listed shares, only 8-10 per cent are available for trade.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Narayan Prasad Ghimire Chief, Share Division, Citizen Investment Trust " src="/userfiles/images/npg.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Narayan Prasad Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">Chief, Share Division, Citizen Investment Trust </span></div>
<div>
•The Mutual Fund is a good option from a profit-making perspective because it has fewer risks.</div>
<div>
•Interest on mutual funds is declining because of the government’s policies regarding mutual funds. We had requested the government for exemption of income tax on at least Rs 50,000 of the total income of investors. But that could not be addressed in the budget, which has discouraged investors.</div>
<div>
•Because of less profit on mutual funds, people prefer direct personal investments instead.</div>
<div>
•The main problem of mutual fund is that most people lack knowledge about it. People who are aware are not interested in investing. That is why, despite the ability to invest, participation has not increased.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Shreejesh Ghimire CEO, NMB Capital" src="/userfiles/images/sg(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Shreejesh Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">CEO, NMB Capital </span></div>
<div>
•The demand of the mutual fund is very high in other countries but in the context of Nepal, demand is declining in spite of the progress the fund has made. This is the result of lack of awareness. The government made the policy but did not help further. The regulatory body SEBON, too, did not address the problem in time.</div>
<div>
•People are not aware of the benefits of investing on mutual funds. The main problem is market awareness which is very low. All stakeholders should work on raising awareness among people.</div>
<div>
•Lack of far sightedness in investors is another problem. Investors expect to double their amount invested in IPO. And if the company does not give result in four months, they believe it to be a bad company. As mutual funds’ plan is of five years, at least a year should be given before making any comments.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Dhruba Timalsina CEO, Siddhartha Mutual Fund" src="/userfiles/images/dt.jpg" style="
float: left; margin: 0px 10px 0px 0px;height: 186px; width: 150px;" />Dhruba Timalsina</span></strong></div>
<div>
<span style="font-size:14px;">CEO, Siddhartha Mutual Fund</span></div>
<div>
Rumours often create problems for mutual funds. For example, some vested interest people sometimes try to reduce share price of a certain company by creating a rumour. </div>
<div>
</div>
<div>
The mutual fund is given priority while issuing new shares. The general public thinks that the fund manager will get undue profit from such arrangement. It is a big misconception. The profit and advantage of the fund is not for the fund manager but for investors. </div>
<div>
</div>
<div>
I have seen financial illiteracy among investors as another big problem. They look forward to share prices rather than the overall returns. </div>
<div>
</div>
<div>
The Central Depository System (CDS) has not been working fully. Tasks have not been performed yet in shares dematerialisation. Given that investors outside the valley do not have access to opportunities, it is necessary to make CDS work fully.</div>
<div>
</div>
<div>
It is also necessary to make it clear that mutual funds are different from market makers. </div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Uddhab Shivakoti Share Investor" src="/userfiles/images/us.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 190px;" />Uddhab Shivakoti</span></strong></div>
<div>
<span style="font-size:14px;">Share Investor</span></div>
<div>
Mutual funds have failed to work as market makers. As they have failed to work as market makers, it shows that there is no difference between collective fund investors and mutual funds. When the market declined, mutual funds could have played a role to increase demand. Similarly, it can help in meeting demand if the market is booming. But such things have not happened. </div>
<div>
</div>
<div>
If we observe the portfolio of the mutual funds, we can find that the investment has not been </div>
<div>
done sincerely.</div>',
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<div>
<span style="font-size:14px;">The third edition of Money Expo for the year 2013 will take place in the Capital from October 31 to November 2. Being the largest finance and investment show in Nepal, the expo will focus on the promotion of investment opportunities and wealth protection strategies. In the expo, a separate interaction entitled ‘Mutual Fund: Another Attraction of Investment’ will be organized. New Business Age recently conducted a discussion on the same issue and experts presented their opinions.<strong> Excerpts: </strong></span></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Niraj Giri Spokesperson, Sebon" src="/userfiles/images/ng.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Niraj Giri </strong></span></div>
<div>
<span style="font-size:14px;">Spokesperson, Sebon</span></div>
<div>
•Financial literacy is crucial for the expansion of mutual funds. Literacy is necessary for policy makers as well as investors. </div>
<div>
•The Mutual Funds have been established to develop and expand share markets in the country. The fund is aimed at reducing the problem of institutional investment in the share market. This may also help expand the stock market.</div>
<div>
•Even investors should put forth their initiatives for financial literacy. In developed countries, investors are more proactive than the regulator in initiating financial literacy programmes. </div>
<div>
•Our market is completely focused in Kathmandu which is another stumbling block for mutual funds.</div>
<div>
•Absence of an independent mechanism to fix the price of securities is another problem.</div>
<div>
•Citizen Investment Trust (CIT) has been failing to work in line with its objective. We have to develop it as a market maker.</div>
<div>
</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Pravin Raman Parajuli CEO, Nabil Investment Banking Ltd " src="/userfiles/images/prp.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Pravin Raman Parajuli </strong></span></div>
<div>
<span style="font-size:14px;">CEO, Nabil Investment Banking Ltd </span></div>
<div>
•We have equal opportunities in mutual funds. However, managing the fund is indeed a challenging job. </div>
<div>
•A mutual fund plays a key role in providing security to its unit holders. That is why it should not be restricted to buy and sell shares.</div>
<div>
•We have 21,000 investors associated with our group. Most of them are grass root investors. We have also found that some of them are investing assuming mutual funds as IPOs.</div>
<div>
•Worldwide practice in mutual funds involves professional investment management and risk diversification. But the big question now is: have we been able to diversify risks? There have been some problems due to market limitations. Our market is full of banks and financial sectors. If we have to diversify our investment in the future, there seems to be no place for it.</div>
<div>
•Investors should also think about where they should invest next and what would be its risks and consequences.</div>
<div>
•We have to think about long term consequences rather than temporary ones.</div>
<div>
•We have to think about bringing real sector companies into the public for market diversification.</div>
<div>
•The nation should also take steps on awareness on mutual funds.</div>
<div>
•Stock availability is another problem. Out of total listed shares, only 8-10 per cent are available for trade.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Narayan Prasad Ghimire Chief, Share Division, Citizen Investment Trust " src="/userfiles/images/npg.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Narayan Prasad Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">Chief, Share Division, Citizen Investment Trust </span></div>
<div>
•The Mutual Fund is a good option from a profit-making perspective because it has fewer risks.</div>
<div>
•Interest on mutual funds is declining because of the government’s policies regarding mutual funds. We had requested the government for exemption of income tax on at least Rs 50,000 of the total income of investors. But that could not be addressed in the budget, which has discouraged investors.</div>
<div>
•Because of less profit on mutual funds, people prefer direct personal investments instead.</div>
<div>
•The main problem of mutual fund is that most people lack knowledge about it. People who are aware are not interested in investing. That is why, despite the ability to invest, participation has not increased.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Shreejesh Ghimire CEO, NMB Capital" src="/userfiles/images/sg(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Shreejesh Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">CEO, NMB Capital </span></div>
<div>
•The demand of the mutual fund is very high in other countries but in the context of Nepal, demand is declining in spite of the progress the fund has made. This is the result of lack of awareness. The government made the policy but did not help further. The regulatory body SEBON, too, did not address the problem in time.</div>
<div>
•People are not aware of the benefits of investing on mutual funds. The main problem is market awareness which is very low. All stakeholders should work on raising awareness among people.</div>
<div>
•Lack of far sightedness in investors is another problem. Investors expect to double their amount invested in IPO. And if the company does not give result in four months, they believe it to be a bad company. As mutual funds’ plan is of five years, at least a year should be given before making any comments.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Dhruba Timalsina CEO, Siddhartha Mutual Fund" src="/userfiles/images/dt.jpg" style="
float: left; margin: 0px 10px 0px 0px;height: 186px; width: 150px;" />Dhruba Timalsina</span></strong></div>
<div>
<span style="font-size:14px;">CEO, Siddhartha Mutual Fund</span></div>
<div>
Rumours often create problems for mutual funds. For example, some vested interest people sometimes try to reduce share price of a certain company by creating a rumour. </div>
<div>
</div>
<div>
The mutual fund is given priority while issuing new shares. The general public thinks that the fund manager will get undue profit from such arrangement. It is a big misconception. The profit and advantage of the fund is not for the fund manager but for investors. </div>
<div>
</div>
<div>
I have seen financial illiteracy among investors as another big problem. They look forward to share prices rather than the overall returns. </div>
<div>
</div>
<div>
The Central Depository System (CDS) has not been working fully. Tasks have not been performed yet in shares dematerialisation. Given that investors outside the valley do not have access to opportunities, it is necessary to make CDS work fully.</div>
<div>
</div>
<div>
It is also necessary to make it clear that mutual funds are different from market makers. </div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Uddhab Shivakoti Share Investor" src="/userfiles/images/us.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 190px;" />Uddhab Shivakoti</span></strong></div>
<div>
<span style="font-size:14px;">Share Investor</span></div>
<div>
Mutual funds have failed to work as market makers. As they have failed to work as market makers, it shows that there is no difference between collective fund investors and mutual funds. When the market declined, mutual funds could have played a role to increase demand. Similarly, it can help in meeting demand if the market is booming. But such things have not happened. </div>
<div>
</div>
<div>
If we observe the portfolio of the mutual funds, we can find that the investment has not been </div>
<div>
done sincerely.</div>',
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<div>
<span style="font-size:14px;">The third edition of Money Expo for the year 2013 will take place in the Capital from October 31 to November 2. Being the largest finance and investment show in Nepal, the expo will focus on the promotion of investment opportunities and wealth protection strategies. In the expo, a separate interaction entitled ‘Mutual Fund: Another Attraction of Investment’ will be organized. New Business Age recently conducted a discussion on the same issue and experts presented their opinions.<strong> Excerpts: </strong></span></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Niraj Giri Spokesperson, Sebon" src="/userfiles/images/ng.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Niraj Giri </strong></span></div>
<div>
<span style="font-size:14px;">Spokesperson, Sebon</span></div>
<div>
•Financial literacy is crucial for the expansion of mutual funds. Literacy is necessary for policy makers as well as investors. </div>
<div>
•The Mutual Funds have been established to develop and expand share markets in the country. The fund is aimed at reducing the problem of institutional investment in the share market. This may also help expand the stock market.</div>
<div>
•Even investors should put forth their initiatives for financial literacy. In developed countries, investors are more proactive than the regulator in initiating financial literacy programmes. </div>
<div>
•Our market is completely focused in Kathmandu which is another stumbling block for mutual funds.</div>
<div>
•Absence of an independent mechanism to fix the price of securities is another problem.</div>
<div>
•Citizen Investment Trust (CIT) has been failing to work in line with its objective. We have to develop it as a market maker.</div>
<div>
</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Pravin Raman Parajuli CEO, Nabil Investment Banking Ltd " src="/userfiles/images/prp.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Pravin Raman Parajuli </strong></span></div>
<div>
<span style="font-size:14px;">CEO, Nabil Investment Banking Ltd </span></div>
<div>
•We have equal opportunities in mutual funds. However, managing the fund is indeed a challenging job. </div>
<div>
•A mutual fund plays a key role in providing security to its unit holders. That is why it should not be restricted to buy and sell shares.</div>
<div>
•We have 21,000 investors associated with our group. Most of them are grass root investors. We have also found that some of them are investing assuming mutual funds as IPOs.</div>
<div>
•Worldwide practice in mutual funds involves professional investment management and risk diversification. But the big question now is: have we been able to diversify risks? There have been some problems due to market limitations. Our market is full of banks and financial sectors. If we have to diversify our investment in the future, there seems to be no place for it.</div>
<div>
•Investors should also think about where they should invest next and what would be its risks and consequences.</div>
<div>
•We have to think about long term consequences rather than temporary ones.</div>
<div>
•We have to think about bringing real sector companies into the public for market diversification.</div>
<div>
•The nation should also take steps on awareness on mutual funds.</div>
<div>
•Stock availability is another problem. Out of total listed shares, only 8-10 per cent are available for trade.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Narayan Prasad Ghimire Chief, Share Division, Citizen Investment Trust " src="/userfiles/images/npg.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Narayan Prasad Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">Chief, Share Division, Citizen Investment Trust </span></div>
<div>
•The Mutual Fund is a good option from a profit-making perspective because it has fewer risks.</div>
<div>
•Interest on mutual funds is declining because of the government’s policies regarding mutual funds. We had requested the government for exemption of income tax on at least Rs 50,000 of the total income of investors. But that could not be addressed in the budget, which has discouraged investors.</div>
<div>
•Because of less profit on mutual funds, people prefer direct personal investments instead.</div>
<div>
•The main problem of mutual fund is that most people lack knowledge about it. People who are aware are not interested in investing. That is why, despite the ability to invest, participation has not increased.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Shreejesh Ghimire CEO, NMB Capital" src="/userfiles/images/sg(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Shreejesh Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">CEO, NMB Capital </span></div>
<div>
•The demand of the mutual fund is very high in other countries but in the context of Nepal, demand is declining in spite of the progress the fund has made. This is the result of lack of awareness. The government made the policy but did not help further. The regulatory body SEBON, too, did not address the problem in time.</div>
<div>
•People are not aware of the benefits of investing on mutual funds. The main problem is market awareness which is very low. All stakeholders should work on raising awareness among people.</div>
<div>
•Lack of far sightedness in investors is another problem. Investors expect to double their amount invested in IPO. And if the company does not give result in four months, they believe it to be a bad company. As mutual funds’ plan is of five years, at least a year should be given before making any comments.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Dhruba Timalsina CEO, Siddhartha Mutual Fund" src="/userfiles/images/dt.jpg" style="
float: left; margin: 0px 10px 0px 0px;height: 186px; width: 150px;" />Dhruba Timalsina</span></strong></div>
<div>
<span style="font-size:14px;">CEO, Siddhartha Mutual Fund</span></div>
<div>
Rumours often create problems for mutual funds. For example, some vested interest people sometimes try to reduce share price of a certain company by creating a rumour. </div>
<div>
</div>
<div>
The mutual fund is given priority while issuing new shares. The general public thinks that the fund manager will get undue profit from such arrangement. It is a big misconception. The profit and advantage of the fund is not for the fund manager but for investors. </div>
<div>
</div>
<div>
I have seen financial illiteracy among investors as another big problem. They look forward to share prices rather than the overall returns. </div>
<div>
</div>
<div>
The Central Depository System (CDS) has not been working fully. Tasks have not been performed yet in shares dematerialisation. Given that investors outside the valley do not have access to opportunities, it is necessary to make CDS work fully.</div>
<div>
</div>
<div>
It is also necessary to make it clear that mutual funds are different from market makers. </div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Uddhab Shivakoti Share Investor" src="/userfiles/images/us.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 190px;" />Uddhab Shivakoti</span></strong></div>
<div>
<span style="font-size:14px;">Share Investor</span></div>
<div>
Mutual funds have failed to work as market makers. As they have failed to work as market makers, it shows that there is no difference between collective fund investors and mutual funds. When the market declined, mutual funds could have played a role to increase demand. Similarly, it can help in meeting demand if the market is booming. But such things have not happened. </div>
<div>
</div>
<div>
If we observe the portfolio of the mutual funds, we can find that the investment has not been </div>
<div>
done sincerely.</div>',
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<div>
<span style="font-size:14px;">The third edition of Money Expo for the year 2013 will take place in the Capital from October 31 to November 2. Being the largest finance and investment show in Nepal, the expo will focus on the promotion of investment opportunities and wealth protection strategies. In the expo, a separate interaction entitled ‘Mutual Fund: Another Attraction of Investment’ will be organized. New Business Age recently conducted a discussion on the same issue and experts presented their opinions.<strong> Excerpts: </strong></span></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Niraj Giri Spokesperson, Sebon" src="/userfiles/images/ng.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Niraj Giri </strong></span></div>
<div>
<span style="font-size:14px;">Spokesperson, Sebon</span></div>
<div>
•Financial literacy is crucial for the expansion of mutual funds. Literacy is necessary for policy makers as well as investors. </div>
<div>
•The Mutual Funds have been established to develop and expand share markets in the country. The fund is aimed at reducing the problem of institutional investment in the share market. This may also help expand the stock market.</div>
<div>
•Even investors should put forth their initiatives for financial literacy. In developed countries, investors are more proactive than the regulator in initiating financial literacy programmes. </div>
<div>
•Our market is completely focused in Kathmandu which is another stumbling block for mutual funds.</div>
<div>
•Absence of an independent mechanism to fix the price of securities is another problem.</div>
<div>
•Citizen Investment Trust (CIT) has been failing to work in line with its objective. We have to develop it as a market maker.</div>
<div>
</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Pravin Raman Parajuli CEO, Nabil Investment Banking Ltd " src="/userfiles/images/prp.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Pravin Raman Parajuli </strong></span></div>
<div>
<span style="font-size:14px;">CEO, Nabil Investment Banking Ltd </span></div>
<div>
•We have equal opportunities in mutual funds. However, managing the fund is indeed a challenging job. </div>
<div>
•A mutual fund plays a key role in providing security to its unit holders. That is why it should not be restricted to buy and sell shares.</div>
<div>
•We have 21,000 investors associated with our group. Most of them are grass root investors. We have also found that some of them are investing assuming mutual funds as IPOs.</div>
<div>
•Worldwide practice in mutual funds involves professional investment management and risk diversification. But the big question now is: have we been able to diversify risks? There have been some problems due to market limitations. Our market is full of banks and financial sectors. If we have to diversify our investment in the future, there seems to be no place for it.</div>
<div>
•Investors should also think about where they should invest next and what would be its risks and consequences.</div>
<div>
•We have to think about long term consequences rather than temporary ones.</div>
<div>
•We have to think about bringing real sector companies into the public for market diversification.</div>
<div>
•The nation should also take steps on awareness on mutual funds.</div>
<div>
•Stock availability is another problem. Out of total listed shares, only 8-10 per cent are available for trade.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Narayan Prasad Ghimire Chief, Share Division, Citizen Investment Trust " src="/userfiles/images/npg.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Narayan Prasad Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">Chief, Share Division, Citizen Investment Trust </span></div>
<div>
•The Mutual Fund is a good option from a profit-making perspective because it has fewer risks.</div>
<div>
•Interest on mutual funds is declining because of the government’s policies regarding mutual funds. We had requested the government for exemption of income tax on at least Rs 50,000 of the total income of investors. But that could not be addressed in the budget, which has discouraged investors.</div>
<div>
•Because of less profit on mutual funds, people prefer direct personal investments instead.</div>
<div>
•The main problem of mutual fund is that most people lack knowledge about it. People who are aware are not interested in investing. That is why, despite the ability to invest, participation has not increased.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Shreejesh Ghimire CEO, NMB Capital" src="/userfiles/images/sg(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Shreejesh Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">CEO, NMB Capital </span></div>
<div>
•The demand of the mutual fund is very high in other countries but in the context of Nepal, demand is declining in spite of the progress the fund has made. This is the result of lack of awareness. The government made the policy but did not help further. The regulatory body SEBON, too, did not address the problem in time.</div>
<div>
•People are not aware of the benefits of investing on mutual funds. The main problem is market awareness which is very low. All stakeholders should work on raising awareness among people.</div>
<div>
•Lack of far sightedness in investors is another problem. Investors expect to double their amount invested in IPO. And if the company does not give result in four months, they believe it to be a bad company. As mutual funds’ plan is of five years, at least a year should be given before making any comments.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Dhruba Timalsina CEO, Siddhartha Mutual Fund" src="/userfiles/images/dt.jpg" style="
float: left; margin: 0px 10px 0px 0px;height: 186px; width: 150px;" />Dhruba Timalsina</span></strong></div>
<div>
<span style="font-size:14px;">CEO, Siddhartha Mutual Fund</span></div>
<div>
Rumours often create problems for mutual funds. For example, some vested interest people sometimes try to reduce share price of a certain company by creating a rumour. </div>
<div>
</div>
<div>
The mutual fund is given priority while issuing new shares. The general public thinks that the fund manager will get undue profit from such arrangement. It is a big misconception. The profit and advantage of the fund is not for the fund manager but for investors. </div>
<div>
</div>
<div>
I have seen financial illiteracy among investors as another big problem. They look forward to share prices rather than the overall returns. </div>
<div>
</div>
<div>
The Central Depository System (CDS) has not been working fully. Tasks have not been performed yet in shares dematerialisation. Given that investors outside the valley do not have access to opportunities, it is necessary to make CDS work fully.</div>
<div>
</div>
<div>
It is also necessary to make it clear that mutual funds are different from market makers. </div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Uddhab Shivakoti Share Investor" src="/userfiles/images/us.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 190px;" />Uddhab Shivakoti</span></strong></div>
<div>
<span style="font-size:14px;">Share Investor</span></div>
<div>
Mutual funds have failed to work as market makers. As they have failed to work as market makers, it shows that there is no difference between collective fund investors and mutual funds. When the market declined, mutual funds could have played a role to increase demand. Similarly, it can help in meeting demand if the market is booming. But such things have not happened. </div>
<div>
</div>
<div>
If we observe the portfolio of the mutual funds, we can find that the investment has not been </div>
<div>
done sincerely.</div>',
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<div>
<span style="font-size:14px;">The third edition of Money Expo for the year 2013 will take place in the Capital from October 31 to November 2. Being the largest finance and investment show in Nepal, the expo will focus on the promotion of investment opportunities and wealth protection strategies. In the expo, a separate interaction entitled ‘Mutual Fund: Another Attraction of Investment’ will be organized. New Business Age recently conducted a discussion on the same issue and experts presented their opinions.<strong> Excerpts: </strong></span></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Niraj Giri Spokesperson, Sebon" src="/userfiles/images/ng.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Niraj Giri </strong></span></div>
<div>
<span style="font-size:14px;">Spokesperson, Sebon</span></div>
<div>
•Financial literacy is crucial for the expansion of mutual funds. Literacy is necessary for policy makers as well as investors. </div>
<div>
•The Mutual Funds have been established to develop and expand share markets in the country. The fund is aimed at reducing the problem of institutional investment in the share market. This may also help expand the stock market.</div>
<div>
•Even investors should put forth their initiatives for financial literacy. In developed countries, investors are more proactive than the regulator in initiating financial literacy programmes. </div>
<div>
•Our market is completely focused in Kathmandu which is another stumbling block for mutual funds.</div>
<div>
•Absence of an independent mechanism to fix the price of securities is another problem.</div>
<div>
•Citizen Investment Trust (CIT) has been failing to work in line with its objective. We have to develop it as a market maker.</div>
<div>
</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Pravin Raman Parajuli CEO, Nabil Investment Banking Ltd " src="/userfiles/images/prp.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Pravin Raman Parajuli </strong></span></div>
<div>
<span style="font-size:14px;">CEO, Nabil Investment Banking Ltd </span></div>
<div>
•We have equal opportunities in mutual funds. However, managing the fund is indeed a challenging job. </div>
<div>
•A mutual fund plays a key role in providing security to its unit holders. That is why it should not be restricted to buy and sell shares.</div>
<div>
•We have 21,000 investors associated with our group. Most of them are grass root investors. We have also found that some of them are investing assuming mutual funds as IPOs.</div>
<div>
•Worldwide practice in mutual funds involves professional investment management and risk diversification. But the big question now is: have we been able to diversify risks? There have been some problems due to market limitations. Our market is full of banks and financial sectors. If we have to diversify our investment in the future, there seems to be no place for it.</div>
<div>
•Investors should also think about where they should invest next and what would be its risks and consequences.</div>
<div>
•We have to think about long term consequences rather than temporary ones.</div>
<div>
•We have to think about bringing real sector companies into the public for market diversification.</div>
<div>
•The nation should also take steps on awareness on mutual funds.</div>
<div>
•Stock availability is another problem. Out of total listed shares, only 8-10 per cent are available for trade.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Narayan Prasad Ghimire Chief, Share Division, Citizen Investment Trust " src="/userfiles/images/npg.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Narayan Prasad Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">Chief, Share Division, Citizen Investment Trust </span></div>
<div>
•The Mutual Fund is a good option from a profit-making perspective because it has fewer risks.</div>
<div>
•Interest on mutual funds is declining because of the government’s policies regarding mutual funds. We had requested the government for exemption of income tax on at least Rs 50,000 of the total income of investors. But that could not be addressed in the budget, which has discouraged investors.</div>
<div>
•Because of less profit on mutual funds, people prefer direct personal investments instead.</div>
<div>
•The main problem of mutual fund is that most people lack knowledge about it. People who are aware are not interested in investing. That is why, despite the ability to invest, participation has not increased.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Shreejesh Ghimire CEO, NMB Capital" src="/userfiles/images/sg(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Shreejesh Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">CEO, NMB Capital </span></div>
<div>
•The demand of the mutual fund is very high in other countries but in the context of Nepal, demand is declining in spite of the progress the fund has made. This is the result of lack of awareness. The government made the policy but did not help further. The regulatory body SEBON, too, did not address the problem in time.</div>
<div>
•People are not aware of the benefits of investing on mutual funds. The main problem is market awareness which is very low. All stakeholders should work on raising awareness among people.</div>
<div>
•Lack of far sightedness in investors is another problem. Investors expect to double their amount invested in IPO. And if the company does not give result in four months, they believe it to be a bad company. As mutual funds’ plan is of five years, at least a year should be given before making any comments.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Dhruba Timalsina CEO, Siddhartha Mutual Fund" src="/userfiles/images/dt.jpg" style="
float: left; margin: 0px 10px 0px 0px;height: 186px; width: 150px;" />Dhruba Timalsina</span></strong></div>
<div>
<span style="font-size:14px;">CEO, Siddhartha Mutual Fund</span></div>
<div>
Rumours often create problems for mutual funds. For example, some vested interest people sometimes try to reduce share price of a certain company by creating a rumour. </div>
<div>
</div>
<div>
The mutual fund is given priority while issuing new shares. The general public thinks that the fund manager will get undue profit from such arrangement. It is a big misconception. The profit and advantage of the fund is not for the fund manager but for investors. </div>
<div>
</div>
<div>
I have seen financial illiteracy among investors as another big problem. They look forward to share prices rather than the overall returns. </div>
<div>
</div>
<div>
The Central Depository System (CDS) has not been working fully. Tasks have not been performed yet in shares dematerialisation. Given that investors outside the valley do not have access to opportunities, it is necessary to make CDS work fully.</div>
<div>
</div>
<div>
It is also necessary to make it clear that mutual funds are different from market makers. </div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Uddhab Shivakoti Share Investor" src="/userfiles/images/us.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 190px;" />Uddhab Shivakoti</span></strong></div>
<div>
<span style="font-size:14px;">Share Investor</span></div>
<div>
Mutual funds have failed to work as market makers. As they have failed to work as market makers, it shows that there is no difference between collective fund investors and mutual funds. When the market declined, mutual funds could have played a role to increase demand. Similarly, it can help in meeting demand if the market is booming. But such things have not happened. </div>
<div>
</div>
<div>
If we observe the portfolio of the mutual funds, we can find that the investment has not been </div>
<div>
done sincerely.</div>',
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<div>
<span style="font-size:14px;">The third edition of Money Expo for the year 2013 will take place in the Capital from October 31 to November 2. Being the largest finance and investment show in Nepal, the expo will focus on the promotion of investment opportunities and wealth protection strategies. In the expo, a separate interaction entitled ‘Mutual Fund: Another Attraction of Investment’ will be organized. New Business Age recently conducted a discussion on the same issue and experts presented their opinions.<strong> Excerpts: </strong></span></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Niraj Giri Spokesperson, Sebon" src="/userfiles/images/ng.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Niraj Giri </strong></span></div>
<div>
<span style="font-size:14px;">Spokesperson, Sebon</span></div>
<div>
•Financial literacy is crucial for the expansion of mutual funds. Literacy is necessary for policy makers as well as investors. </div>
<div>
•The Mutual Funds have been established to develop and expand share markets in the country. The fund is aimed at reducing the problem of institutional investment in the share market. This may also help expand the stock market.</div>
<div>
•Even investors should put forth their initiatives for financial literacy. In developed countries, investors are more proactive than the regulator in initiating financial literacy programmes. </div>
<div>
•Our market is completely focused in Kathmandu which is another stumbling block for mutual funds.</div>
<div>
•Absence of an independent mechanism to fix the price of securities is another problem.</div>
<div>
•Citizen Investment Trust (CIT) has been failing to work in line with its objective. We have to develop it as a market maker.</div>
<div>
</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Pravin Raman Parajuli CEO, Nabil Investment Banking Ltd " src="/userfiles/images/prp.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Pravin Raman Parajuli </strong></span></div>
<div>
<span style="font-size:14px;">CEO, Nabil Investment Banking Ltd </span></div>
<div>
•We have equal opportunities in mutual funds. However, managing the fund is indeed a challenging job. </div>
<div>
•A mutual fund plays a key role in providing security to its unit holders. That is why it should not be restricted to buy and sell shares.</div>
<div>
•We have 21,000 investors associated with our group. Most of them are grass root investors. We have also found that some of them are investing assuming mutual funds as IPOs.</div>
<div>
•Worldwide practice in mutual funds involves professional investment management and risk diversification. But the big question now is: have we been able to diversify risks? There have been some problems due to market limitations. Our market is full of banks and financial sectors. If we have to diversify our investment in the future, there seems to be no place for it.</div>
<div>
•Investors should also think about where they should invest next and what would be its risks and consequences.</div>
<div>
•We have to think about long term consequences rather than temporary ones.</div>
<div>
•We have to think about bringing real sector companies into the public for market diversification.</div>
<div>
•The nation should also take steps on awareness on mutual funds.</div>
<div>
•Stock availability is another problem. Out of total listed shares, only 8-10 per cent are available for trade.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Narayan Prasad Ghimire Chief, Share Division, Citizen Investment Trust " src="/userfiles/images/npg.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Narayan Prasad Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">Chief, Share Division, Citizen Investment Trust </span></div>
<div>
•The Mutual Fund is a good option from a profit-making perspective because it has fewer risks.</div>
<div>
•Interest on mutual funds is declining because of the government’s policies regarding mutual funds. We had requested the government for exemption of income tax on at least Rs 50,000 of the total income of investors. But that could not be addressed in the budget, which has discouraged investors.</div>
<div>
•Because of less profit on mutual funds, people prefer direct personal investments instead.</div>
<div>
•The main problem of mutual fund is that most people lack knowledge about it. People who are aware are not interested in investing. That is why, despite the ability to invest, participation has not increased.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Shreejesh Ghimire CEO, NMB Capital" src="/userfiles/images/sg(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Shreejesh Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">CEO, NMB Capital </span></div>
<div>
•The demand of the mutual fund is very high in other countries but in the context of Nepal, demand is declining in spite of the progress the fund has made. This is the result of lack of awareness. The government made the policy but did not help further. The regulatory body SEBON, too, did not address the problem in time.</div>
<div>
•People are not aware of the benefits of investing on mutual funds. The main problem is market awareness which is very low. All stakeholders should work on raising awareness among people.</div>
<div>
•Lack of far sightedness in investors is another problem. Investors expect to double their amount invested in IPO. And if the company does not give result in four months, they believe it to be a bad company. As mutual funds’ plan is of five years, at least a year should be given before making any comments.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Dhruba Timalsina CEO, Siddhartha Mutual Fund" src="/userfiles/images/dt.jpg" style="
float: left; margin: 0px 10px 0px 0px;height: 186px; width: 150px;" />Dhruba Timalsina</span></strong></div>
<div>
<span style="font-size:14px;">CEO, Siddhartha Mutual Fund</span></div>
<div>
Rumours often create problems for mutual funds. For example, some vested interest people sometimes try to reduce share price of a certain company by creating a rumour. </div>
<div>
</div>
<div>
The mutual fund is given priority while issuing new shares. The general public thinks that the fund manager will get undue profit from such arrangement. It is a big misconception. The profit and advantage of the fund is not for the fund manager but for investors. </div>
<div>
</div>
<div>
I have seen financial illiteracy among investors as another big problem. They look forward to share prices rather than the overall returns. </div>
<div>
</div>
<div>
The Central Depository System (CDS) has not been working fully. Tasks have not been performed yet in shares dematerialisation. Given that investors outside the valley do not have access to opportunities, it is necessary to make CDS work fully.</div>
<div>
</div>
<div>
It is also necessary to make it clear that mutual funds are different from market makers. </div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Uddhab Shivakoti Share Investor" src="/userfiles/images/us.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 190px;" />Uddhab Shivakoti</span></strong></div>
<div>
<span style="font-size:14px;">Share Investor</span></div>
<div>
Mutual funds have failed to work as market makers. As they have failed to work as market makers, it shows that there is no difference between collective fund investors and mutual funds. When the market declined, mutual funds could have played a role to increase demand. Similarly, it can help in meeting demand if the market is booming. But such things have not happened. </div>
<div>
</div>
<div>
If we observe the portfolio of the mutual funds, we can find that the investment has not been </div>
<div>
done sincerely.</div>',
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<span style="font-size:14px;">The third edition of Money Expo for the year 2013 will take place in the Capital from October 31 to November 2. Being the largest finance and investment show in Nepal, the expo will focus on the promotion of investment opportunities and wealth protection strategies. In the expo, a separate interaction entitled ‘Mutual Fund: Another Attraction of Investment’ will be organized. New Business Age recently conducted a discussion on the same issue and experts presented their opinions.<strong> Excerpts: </strong></span></div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Niraj Giri Spokesperson, Sebon" src="/userfiles/images/ng.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Niraj Giri </strong></span></div>
<div>
<span style="font-size:14px;">Spokesperson, Sebon</span></div>
<div>
•Financial literacy is crucial for the expansion of mutual funds. Literacy is necessary for policy makers as well as investors. </div>
<div>
•The Mutual Funds have been established to develop and expand share markets in the country. The fund is aimed at reducing the problem of institutional investment in the share market. This may also help expand the stock market.</div>
<div>
•Even investors should put forth their initiatives for financial literacy. In developed countries, investors are more proactive than the regulator in initiating financial literacy programmes. </div>
<div>
•Our market is completely focused in Kathmandu which is another stumbling block for mutual funds.</div>
<div>
•Absence of an independent mechanism to fix the price of securities is another problem.</div>
<div>
•Citizen Investment Trust (CIT) has been failing to work in line with its objective. We have to develop it as a market maker.</div>
<div>
</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong><img alt="Pravin Raman Parajuli CEO, Nabil Investment Banking Ltd " src="/userfiles/images/prp.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 187px;" />Pravin Raman Parajuli </strong></span></div>
<div>
<span style="font-size:14px;">CEO, Nabil Investment Banking Ltd </span></div>
<div>
•We have equal opportunities in mutual funds. However, managing the fund is indeed a challenging job. </div>
<div>
•A mutual fund plays a key role in providing security to its unit holders. That is why it should not be restricted to buy and sell shares.</div>
<div>
•We have 21,000 investors associated with our group. Most of them are grass root investors. We have also found that some of them are investing assuming mutual funds as IPOs.</div>
<div>
•Worldwide practice in mutual funds involves professional investment management and risk diversification. But the big question now is: have we been able to diversify risks? There have been some problems due to market limitations. Our market is full of banks and financial sectors. If we have to diversify our investment in the future, there seems to be no place for it.</div>
<div>
•Investors should also think about where they should invest next and what would be its risks and consequences.</div>
<div>
•We have to think about long term consequences rather than temporary ones.</div>
<div>
•We have to think about bringing real sector companies into the public for market diversification.</div>
<div>
•The nation should also take steps on awareness on mutual funds.</div>
<div>
•Stock availability is another problem. Out of total listed shares, only 8-10 per cent are available for trade.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Narayan Prasad Ghimire Chief, Share Division, Citizen Investment Trust " src="/userfiles/images/npg.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Narayan Prasad Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">Chief, Share Division, Citizen Investment Trust </span></div>
<div>
•The Mutual Fund is a good option from a profit-making perspective because it has fewer risks.</div>
<div>
•Interest on mutual funds is declining because of the government’s policies regarding mutual funds. We had requested the government for exemption of income tax on at least Rs 50,000 of the total income of investors. But that could not be addressed in the budget, which has discouraged investors.</div>
<div>
•Because of less profit on mutual funds, people prefer direct personal investments instead.</div>
<div>
•The main problem of mutual fund is that most people lack knowledge about it. People who are aware are not interested in investing. That is why, despite the ability to invest, participation has not increased.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Shreejesh Ghimire CEO, NMB Capital" src="/userfiles/images/sg(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 188px;" />Shreejesh Ghimire</span></strong></div>
<div>
<span style="font-size:14px;">CEO, NMB Capital </span></div>
<div>
•The demand of the mutual fund is very high in other countries but in the context of Nepal, demand is declining in spite of the progress the fund has made. This is the result of lack of awareness. The government made the policy but did not help further. The regulatory body SEBON, too, did not address the problem in time.</div>
<div>
•People are not aware of the benefits of investing on mutual funds. The main problem is market awareness which is very low. All stakeholders should work on raising awareness among people.</div>
<div>
•Lack of far sightedness in investors is another problem. Investors expect to double their amount invested in IPO. And if the company does not give result in four months, they believe it to be a bad company. As mutual funds’ plan is of five years, at least a year should be given before making any comments.</div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Dhruba Timalsina CEO, Siddhartha Mutual Fund" src="/userfiles/images/dt.jpg" style="
float: left; margin: 0px 10px 0px 0px;height: 186px; width: 150px;" />Dhruba Timalsina</span></strong></div>
<div>
<span style="font-size:14px;">CEO, Siddhartha Mutual Fund</span></div>
<div>
Rumours often create problems for mutual funds. For example, some vested interest people sometimes try to reduce share price of a certain company by creating a rumour. </div>
<div>
</div>
<div>
The mutual fund is given priority while issuing new shares. The general public thinks that the fund manager will get undue profit from such arrangement. It is a big misconception. The profit and advantage of the fund is not for the fund manager but for investors. </div>
<div>
</div>
<div>
I have seen financial illiteracy among investors as another big problem. They look forward to share prices rather than the overall returns. </div>
<div>
</div>
<div>
The Central Depository System (CDS) has not been working fully. Tasks have not been performed yet in shares dematerialisation. Given that investors outside the valley do not have access to opportunities, it is necessary to make CDS work fully.</div>
<div>
</div>
<div>
It is also necessary to make it clear that mutual funds are different from market makers. </div>
<div>
</div>
<div>
</div>
<div>
<strong><span style="font-size:14px;"><img alt="Uddhab Shivakoti Share Investor" src="/userfiles/images/us.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 190px;" />Uddhab Shivakoti</span></strong></div>
<div>
<span style="font-size:14px;">Share Investor</span></div>
<div>
Mutual funds have failed to work as market makers. As they have failed to work as market makers, it shows that there is no difference between collective fund investors and mutual funds. When the market declined, mutual funds could have played a role to increase demand. Similarly, it can help in meeting demand if the market is booming. But such things have not happened. </div>
<div>
</div>
<div>
If we observe the portfolio of the mutual funds, we can find that the investment has not been </div>
<div>
done sincerely.</div>',
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Niraj Giri 
Pravin Raman Parajuli 
Narayan Prasad Ghimire.jpg)
Shreejesh Ghimire
Dhruba Timalsina
Uddhab Shivakoti
