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Citizens Mutual Fund-2 NAV Today: Latest Daily Data

By Sandeep Kumar Chaudhary · July 5, 2026 · 7 min read · 1316 words

Citizens Mutual Fund-2 (CMF2) is a closed-end mutual fund scheme in Nepal managed by Citizens Capital. Its latest net asset value (NAV) stands at Rs 10.17 per unit. The scheme carries an expected distributable dividend of 1.70%. Here is everything the numbers say about it today.

Key facts at a glance

What is CMF2?

Citizens Mutual Fund-2 is one of the 58 mutual fund schemes tracked across Nepal's capital market, and one of several managed by Citizens Capital. As a closed-end fund it raised a fixed pool of money at issue, listed its units on the Nepal Stock Exchange (NEPSE), and trades there like a share - so its market price can sit above or below the underlying NAV. The fund was seeded with a paid-up size of Rs 56.00 crore.

CMF2 NAV and market price today

The most recent NAV for CMF2 is Rs 10.17 per unit. NAV is the per-unit book value of the fund - the total value of everything it owns, minus what it owes, divided by units outstanding - and each AMC publishes it in its monthly report. Because this is an open-end scheme, units are bought and redeemed at NAV itself, so there is no separate market price to watch.

Premium or discount to NAV

A live premium/discount figure is not available for this scheme yet - it needs both a published NAV and a recent NEPSE trade.

Dividends and expected yield

The scheme has an expected distributable dividend of about 1.70%. Distributable dividend is the share of realised gains and income a scheme can legally pay out to unit-holders. The average expected yield across schemes that disclose one is about 7.92%, placing CMF2 below the pack.

Portfolio allocation and holdings

By the latest disclosure the fund holds roughly 87.2% in listed equity (the capital market); 12.8% in cash and equivalents spread across 58 individual stock holdings. The equity slice is what drives most of the return - and most of the risk - so the split between shares, debt and cash tells you how aggressive the scheme is.

How to buy CMF2

1. Open a demat account and register on MeroShare through any depository participant (DP) or broker.
2. Fund your broker trading account and note the scheme's NEPSE symbol, CMF2.
3. Place a buy order through your broker's TMS (Trade Management System) at the price you are willing to pay.
4. Once matched, the units settle into your demat account like any listed share.

Because it is listed, you can buy or sell any trading day - you are not locked in until maturity, though selling before maturity means accepting the going market price.

Is CMF2 a good buy right now?

None of this is a recommendation - use the figures to inform your own decision, and always confirm the latest disclosure.

Where this sits in Nepal's fund market

Nepal's mutual fund industry has grown to 58 schemes run by 19 licensed fund houses, split between 44 closed-end funds that trade on NEPSE and 14 open-end funds bought and sold at NAV. For ordinary savers, a mutual fund is the simplest way into the share market: a professional manager pools money from thousands of investors and spreads it across dozens of listed companies, so you get diversification and expertise without picking stocks yourself. Across the closed-end schemes the average unit currently trades at -4.65% to NAV, and 29 of them sit at a discount - a reminder that even inside one asset class the numbers vary widely, which is exactly why comparing the underlying data matters.

The key terms, explained

If you are new to Nepali mutual funds, these are the words that do most of the work in this article:

• NAV (net asset value): the per-unit book value of a fund - the total worth of everything it owns minus what it owes, divided by units outstanding. Each fund house publishes it in a monthly report.
• LTP (last traded price): the price a listed, closed-end scheme last changed hands at on the Nepal Stock Exchange (NEPSE).
• Premium / discount to NAV: the gap between market price and NAV. Trading below NAV is a discount (you buy assets for less than book value); trading above is a premium.
• Distributable dividend: the share of realised gains and income a scheme is legally allowed to pay out to unit-holders.
• Closed-end vs open-end: a closed-end fund raises a fixed pool, lists on NEPSE and matures on a set date; an open-end fund issues and redeems units on demand at NAV, with no maturity.
• AUM / paid-up size: how much money the scheme manages - a rough gauge of its scale and liquidity, quoted in crore and arba (1 arba = 100 crore = Rs 1 billion).

Risks worth keeping in mind

Mutual funds are diversified, but they are not risk-free. A few things to weigh before you invest:

• Market risk: most Nepali schemes are equity-heavy, so their NAV rises and falls with NEPSE. A weak market drags the whole fund down.
• Concentration: funds from the same house often hold many of the same stocks, so owning several may diversify you less than it appears.
• Liquidity and the discount: a closed-end unit is only worth what a buyer will pay on NEPSE that day; thin trading can widen the discount when you want to sell.
• Maturity: at maturity the scheme winds up and pays out at NAV, so the discount typically narrows as that date nears - timing matters.
• Data lag: NAV is disclosed periodically, so the figure you see may trail the fund's real-time value between reports.

How to start investing in Nepali mutual funds

Getting started is more straightforward than most first-time investors expect. The practical path looks like this:

1. Open a demat account and BOID through any depository participant (a bank or broker), then register on MeroShare - this is your gateway to holding and applying for securities online.
2. Link a bank account for ASBA/C-ASBA so you can apply for new fund offerings and debenture issues directly from your bank.
3. Decide your style: buy a listed closed-end scheme any trading day on NEPSE through your broker's TMS, apply for an open-end scheme at NAV, or subscribe to a systematic plan (SIP) that invests a fixed amount every month.
4. Mind the costs and tax: factor in brokerage, and remember that dividends and capital gains are taxable in Nepal - check the current rates before you invest.

A mutual fund suits investors who want exposure to the share market without the time or expertise to pick individual stocks. Start with an amount you can leave invested, compare a handful of schemes on the numbers, and review your holdings each time the AMCs publish fresh monthly reports.

The bottom line

For Citizens Mutual Fund-2, the numbers that matter today are its NAV of Rs 10.17, and an expected dividend of 1.70%. Track how it moves against every other Nepali scheme on Nepal's Capitals.

Disclaimer. This article is informational and is not investment advice or a recommendation to buy or sell any security. Every figure is sourced from primary AMC disclosures and SEBON filings and is recomputed each trading day. Confirm the latest numbers before acting.