Macrofungi constitute a group of the high-value forest resources worldwide. In this paper, we report species richness and composition of the macrofungi in sal (Shorea robusta) forests of mid-hill central Nepal, which were managed for 4–29 years by the local communities. The sal forests were rich in macrofungi (115 species) with Polyporaceae being the largest family followed by Clavariaceae. Saprotrophic fungi were more common than mycorrhizal species. The proportion of mycorrhiza was <40% of the total macrofungi species which might have indicated the deteriorated condition of the forests before the initiation of conservation management. However, the proportion of mycorrhizal species was slightly higher in the forests managed for >10 years than in the forests managed for short period. The species richness increased with increasing canopy and litter cover. Since silvicultural activities and resource utilization often have negative impacts to macrofungal diversity, these activities need to be optimized to keep balance between forest management and biodiversity conservation.