The Matho Monastery located 26 kms east of Leh, was founded by the Lama Dugpa Dorje and is the only one belonging to the Sakya order, one of the last Red Hat sects to be found in Tibet. It is inhabited by about 60 resident monks and is believed to be about 500 years old. Matho Nagrang is celebrated at the Matho monastery on the 15th day of the 1st month of the Tibetan calendar. During this two -day festival, there are dance performances by monks of the monastery while wearing colorful silk brocaded robes and masks depicting various forms of God and Goddesses. The festival is popular as two oracles, after two full months meditation in complete isolation make their appearance, in the courtyard accompanied by mask dancers. They make predictions about future happenings.