29 company authorized by SEBON to work as Portfolio Managers
June 25, 2019 | Investopaper
Securities Board of Nepal has released a notice regarding the portfolio managers authorized by Sebon. Further, the board has urged investors not to work with unauthorized portfolio managers. Sebon has cautioned investors about the risk of losing money under the unauthorized portfolio management company. Likewise, the board has also directed not to work as the portfolio managers without its permission.
As per the Securities Act 2063, subsection (1) of Section 56, any company willing to do the securities business should receive an authorization letter from the Securities Board of Nepal (SEBON). Similarly, in subsection (2), it is stated that no one is allowed to perform securities related business without permission from Sebon.
Authorized Portfolio Managers
Sebon has released the current notice to address the complaints received about the unauthorized portfolio management firms. Currently, there are 29 portfolio management companies which have received authorization from Sebon. Therefore, investors are advised to invest their money under these portfolios managers. Working with unauthorized portfolio managers may result in the loss of wealth due to fraud. Since authorized portfolio managers are monitored by Sebon, there is less chance of fraud.
The list of 29 authorized portfolio management company includes:
S.N. | Authorized Portfolio Management Company | S.N. | Authorized Portfolio Management Company |
1 | Aakash Capital Limited | 16 | Nepal Bangladesh Capital Limited |
2 | Arks Capital Advisors Limited | 17 | Nepal SBI Merchant Banking Limited |
3 | BOK Capital Market Limited | 18 | NIBL Ace Capital Limited |
4 | CBIL Capital Limited | 19 | NIC Asia Capital Limited |
5 | Century Capital Markets Limited | 20 | NMB Capital Limited |
6 | Civil Capital Market Limited | 21 | Prabhu Capital Limited |
7 | Global IME Capital Limited | 22 | Provident Merchant Banker Limited |
8 | Janata Capital Limited | 23 | RBB Merchant Banking Limited |
9 | KCL Astute Capital Limited | 24 | Samriddhi Capital Limited |
10 | Kriti Capital and Investments Limited | 25 | Sanima Capital Limited |
11 | Kumari Capital Limited | 26 | Siddhartha Capital Limited |
12 | Laxmi Capital market Limited | 27 | Sunrise Capital Limited |
13 | Mega Capital Markets Limited | 28 | Vibor Capital Limited |
14 | Nabil Investment Banking Limited | 29 | Wealth management and Merchant Banking Limited |
15 | National Merchant Banker Limited |