48 Fixed Rate / Return funds
Government securities, sukuk, term finance certificates and bank placements. Aggressive income funds reach for longer maturities and weaker borrowers to earn more.
NAVs as at 13 Oct 2026 · Source: MUFAP
Median 1-year return
up +10.42%
MUFAP's published figures, 8 funds reporting
Average 3-year return
—
A yearly rate, as MUFAP quotes it
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
0.40%
Yearly running costs, already in the NAV
Typical risk
Moderate
Holding period: one to three years
Who are Fixed Rate / Return funds for?
Savers who want a steadier return than shares and can leave the money for a year or more. Prices move with interest rates, so a rate rise can cause a small dip.
MUFAP quotes these funds' returns as yearly rates: a 30-day figure of 10% means the fund earned at a pace of about 10% a year over those 30 days. Compare them with each other, not with an equity fund's total return.
Every Fixed Rate / Return 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 |
|---|---|---|---|---|---|
| UBL Fixed Return Plan III (Y)UBL Fund Managers Limited | 126.0065 | +18.83% | +31.49% | — | 0.74% |
| UBL Fixed Return Plan II (AB)UBL Fund Managers Limited | 103.0563 | +8.11% | +11.95% | — | 0.38% |
| UBL Fixed Return Plan III (Z)UBL Fund Managers Limited | 103.1967 | +1.77% | +10.76% | — | 0.17% |
| UBL Fixed Return Plan II (M)UBL Fund Managers Limited | 100.9339 | +11.64% | +10.67% | — | 0.19% |
| JS Fixed Term Munafa Fund (JS Fixed Term Munafa Plan I)JS Investments Limited | 124.2664 | −4.02% | +10.24% | — | 1.34% |
| AL Habib Fixed Return Fund Plan 19AL Habib Asset Management Limited | 102.5028 | +6.19% | +9.54% | — | 0.80% |
| Alfalah Stable Return Fund Plan XXAlfalah Asset Management Limited | 102.6986 | +6.81% | +8.60% | — | 0.16% |
| MCB DCF Fixed Return III (Plan IV)MCB Investment Management Limited | 103.0798 | +10.09% | +0.37% | — | 0.65% |
| ABL Fixed Rate Plan XXIXABL Asset Management Company Limited | 10.1655 | +7.87% | — | — | 0.16% |
| ABL Fixed Rate Plan XXVIIABL Asset Management Company Limited | 10.3276 | +11.31% | — | — | 0.15% |
| ABL Fixed Rate Plan XXVIIIABL Asset Management Company Limited | 10.2551 | +11.26% | — | — | 0.17% |
| ABL Fixed Rate Plan XXXABL Asset Management Company Limited | 10.1462 | +7.85% | — | — | 0.16% |
| ABL Fixed Rate Plan XXXIABL Asset Management Company Limited | 10.0683 | — | — | — | 0.14% |
| AL Habib Fixed Return Fund Plan 28AL Habib Asset Management Limited | 103.1033 | +10.02% | — | — | 0.24% |
| AL Habib Fixed Return Fund Plan 31AL Habib Asset Management Limited | 102.6678 | +8.63% | — | — | 0.23% |
| AL Habib Fixed Return Fund Plan 33AL Habib Asset Management Limited | 102.0634 | +7.82% | — | — | 0.21% |
| AL Habib Fixed Return Fund Plan 34AL Habib Asset Management Limited | 101.0549 | +7.80% | — | — | 0.22% |
| AL Habib Fixed Return Fund Plan 36AL Habib Asset Management Limited | 100.6365 | — | — | — | 0.15% |
| AL Habib Fixed Return Fund Plan 37AL Habib Asset Management Limited | 100.1211 | — | — | — | 0.16% |
| Alfalah Stable Return Fund Plan XXIIAlfalah Asset Management Limited | 102.2767 | +10.89% | — | — | 0.41% |
| Alfalah Stable Return Fund Plan XXVIAlfalah Asset Management Limited | 103.5113 | +11.18% | — | — | 0.28% |
| Alfalah Stable Return Fund Plan XXVIIAlfalah Asset Management Limited | 102.9191 | +9.02% | — | — | 0.15% |
| Alfalah Stable Return Fund Plan XXVIIIAlfalah Asset Management Limited | 104.7580 | +8.31% | — | — | 0.73% |
| Alfalah Stable Return Fund Plan XXXAlfalah Asset Management Limited | 102.8938 | +11.20% | — | — | 0.24% |
| Alfalah Stable Return Fund Plan XXXIAlfalah Asset Management Limited | 102.1623 | +11.19% | — | — | 0.23% |
| Alfalah Stable Return Fund Plan XXXIIAlfalah Asset Management Limited | 101.2812 | +11.40% | — | — | 0.25% |
| Alfalah Stable Return Fund Plan XXXIIIAlfalah Asset Management Limited | 100.6490 | +7.09% | — | — | 0.29% |
| HBL Mehfooz Munafa Fund Plan 22HBL Asset Management Limited | 100.3219 | — | — | — | 0.30% |
| HBL Mehfooz Munafa Fund Plan XIHBL Asset Management Limited | 103.3079 | +11.06% | — | — | 0.17% |
| HBL Mehfooz Munafa Fund Plan XIVHBL Asset Management Limited | 103.5173 | +11.91% | — | — | 0.25% |
| HBL Mehfooz Munafa Fund Plan XVIIIHBL Asset Management Limited | 103.2749 | +10.77% | — | — | 0.13% |
| HBL Mehfooz Munafa Fund Plan XXIHBL Asset Management Limited | 101.5164 | +11.23% | — | — | 0.11% |
| JS Fixed Term Munafa Fund (JS Fixed Term Munafa Plan XX)JS Investments Limited | 108.1991 | +9.20% | — | — | 1.25% |
| JS Fixed Term Munafa Fund II (JS Fixed Term Munafa Plan VI)JS Investments Limited | 110.0496 | +4.81% | — | — | 0.21% |
| JS Fixed Term Munafa Fund II (JS Fixed Term Munafa Plan VII)JS Investments Limited | 102.8855 | +11.17% | — | — | 1.15% |
| JS Fixed Term Munafa Fund Plan 23JS Investments Limited | 102.6672 | +6.91% | — | — | 1.34% |
| JS Fixed Term Munafa Fund Plan 24JS Investments Limited | 101.7973 | +8.57% | — | — | 1.19% |
| MCB DCF Fixed Return Plan XIMCB Investment Management Limited | 103.0717 | +11.20% | — | — | 0.22% |
| MCB DCF Fixed Return Plan XIIMCB Investment Management Limited | 102.5479 | +8.43% | — | — | 0.34% |
| MCB DCF Fixed Return Plan XIIIMCB Investment Management Limited | 101.2320 | +7.44% | — | — | 0.26% |
| MCB DCF Fixed Return Plan XIVMCB Investment Management Limited | 101.3041 | +10.41% | — | — | 0.29% |
| NBP Fixed Term Munafa Plan VIB (NBP Mustahkam Fund I)NBP Fund Management Limited | 10.2931 | +11.39% | — | — | 0.28% |
| NBP Fixed Term Munafa Plan VIIB (NBP Mustahkam Fund I)NBP Fund Management Limited | 10.2572 | +11.28% | — | — | 0.19% |
| NBP Fixed Term Munafa Plan XIIB (NBP Mustahkam Fund II)NBP Fund Management Limited | 10.3347 | +11.12% | — | — | 0.15% |
| NBP Fixed Term Munafa Plan XIII (NBP Mustahkam Fund II)NBP Fund Management Limited | 10.2915 | +47.16% | — | — | 0.22% |
| NBP Fixed Term Munafa Plan XIIIB (NBP Mustahkam Fund II)NBP Fund Management Limited | 10.2853 | +11.72% | — | — | 0.14% |
| NBP Fixed Term Munafa Plan XIVBNBP Fund Management Limited | 10.3049 | +11.09% | — | — | 0.26% |
| NBP Fixed Term Munafa Plan XXA (NBP Mustahkam Fund II)NBP Fund Management Limited | 10.5313 | +10.51% | — | — | 0.22% |
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.