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

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