4 Balanced funds
A mix of shares and fixed income. Balanced funds keep the mix within set limits; asset allocation funds can swing from mostly shares to mostly debt.
NAVs as at 14 Oct 2026 · Source: MUFAP
Median 1-year return
up +4.71%
MUFAP's published figures, 4 funds reporting
Average 3-year return
up +158.27%
Total over the three years
Average expense ratio Expense ratio (TER)A fund's yearly running costs — management fee, taxes and other charges — as a percentage of its assets, taken out of the NAV. Reported in Pakistan as the Total Expense Ratio; lower leaves more for you. Glossary
3.52%
Yearly running costs, already in the NAV
Typical risk
Moderate
Holding period: three years or more
Who are Balanced funds for?
Investors who want one fund to make the shares-versus-debt decision for them and can sit through some ups and downs.
Every Balanced fund
Best published one-year return first; a fund flagged "Check data" comes last. Returns are after the fund's own costs and before any sales load.
| Fund | NAV (Rs) | 1M | 1Y | 3Y | TER |
|---|---|---|---|---|---|
| HBL Multi Asset FundHBL Asset Management Limited | 222.1687 | −4.15% | +10.39% | +146.22% | 3.17% |
| NBP Balanced FundNBP Fund Management Limited | 41.8050 | −1.55% | +5.62% | +159.24% | 3.43% |
| Pakistan Capital Market FundMCB Investment Management Limited | 29.4000 | −1.80% | +3.80% | +175.83% | 4.15% |
| Unit Trust of PakistanJS Investments Limited | 394.5384 | −2.86% | −5.29% | +151.79% | 3.32% |
Returns are the trailing figures published by MUFAP. Risk is the level typical of the category, not each fund's own disclosed risk profile. Past performance does not predict future returns, and nothing here is a recommendation to buy or sell.