Matho Monastery situated in the Indus river valley is situated at a distance of 16 km from the city. It has a history of over 500 years and is managed by the Sakya Monastic Establishment, Ladakh. The monastery was constructed by Lama Dugpa Dorje in the 16th century. The four hundred year old thangkas or religious Tibetan silk paintings, and the Matho Nagrang festival associated with it are renowned among tourists.
Visitors can see an antique collection of thangkas in the museum built inside the monastery, presented in the form of Mandalas. The shrine kept in the monastery symbolises the guardian deities.It is also believed that this place is idyllic for learning and understanding Buddhist knowledge and ideologies. Holy rituals and dances are performed in the monastery during the Matho Nagrang festival held in the first half of March. Travellers can easily avail taxis and cars to reach the place.