Kathmandu. KATHMANDU: The Securities Board of Nepal (SEBON) has published a roadmap for the significant expansion of Nepal’s capital market in the next 10 years. The board has set a target to reach an average daily share turnover of Rs 30 billion in the next 10 years.

According to the ‘Nepal’s Capital Market Development Roadmap 2083’, the board has set a plan to expand the size of capital market, investor participation and scope of financial instruments by 2036.

As per the roadmap, the market will be expanded from around 300 listed companies to more than 500 companies. Similarly, the market capitalization has been targeted to increase from 70 to 80 percent of the gross domestic product (GDP) to 150 percent.

Sebon also plans to increase the number of demat accounts from 8 million to more than 12 million and increase the turnover share of institutional investors to more than 40 percent.

Similarly, Sebon aims to increase the share of the total capital market in the early-stage corporate bond market to 20 percent. Similarly, the board plans to increase the number of mutual funds to 150 from the current 56.

The board has also set a target to introduce foreign portfolio investment that has not yet started into the capital market through institutional participation in a phased manner.

According to Sebon, the roadmap aims to contribute to the long-term economic development of Nepal by making Nepal’s capital market deeper, competitive, modern and investment-friendly.