31 Money Market funds
Bank deposits, treasury bills and short-term commercial paper, mostly maturing within months.
NAVs as at 13 Oct 2026 · Source: MUFAP
Median 1-year return
up +10.46%
MUFAP's published figures, 28 funds reporting
Average 3-year return
up +16.67%
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
0.81%
Yearly running costs, already in the NAV
Typical risk
Low
Holding period: a few days to a year
Who are Money Market funds for?
Cash you may need at short notice, or money parked between other investments. A step up from a savings account, not a way to grow wealth over decades.
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 Money Market 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 |
|---|---|---|---|---|---|
| Alfalah Money Market Fund - IIAlfalah Asset Management Limited | 107.0514 | +10.97% | +11.11% | +16.65% | 0.47% |
| AKD Cash FundAKD Investment Management Limited | 53.7542 | +10.78% | +10.96% | +16.84% | 0.60% |
| NIT Money Market FundNational Investment Trust Limited | 10.0748 | +11.00% | +10.96% | +17.38% | 0.75% |
| Atlas Liquid FundAtlas Asset Management Limited | 519.4219 | +11.01% | +10.95% | +17.03% | 0.45% |
| Atlas Money Market FundAtlas Asset Management Limited | 530.8892 | +10.96% | +10.95% | +17.14% | 0.41% |
| UBL Liquidity FundUBL Fund Managers Limited | 103.1554 | +11.31% | +10.95% | — | 0.53% |
| JS Money Market FundJS Investments Limited | 125.6120 | +11.25% | +10.92% | +17.17% | 0.35% |
| Alfalah Cash Fund - IIAlfalah Asset Management Limited | 106.2829 | +11.44% | +10.84% | +17.51% | 0.76% |
| UBL Cash FundUBL Fund Managers Limited | 103.9303 | +11.23% | +10.73% | +16.71% | 0.17% |
| ABL Cash FundABL Asset Management Company Limited | 10.5785 | +11.06% | +10.68% | +16.97% | 1.15% |
| AL Habib Money Market FundAL Habib Asset Management Limited | 104.2073 | +10.55% | +10.66% | +16.64% | 0.92% |
| AL Habib Cash FundAL Habib Asset Management Limited | 105.0601 | +10.92% | +10.56% | +16.67% | 1.02% |
| Alfalah GHP Money Market FundAlfalah Asset Management Limited | 102.3582 | +10.36% | +10.48% | +16.72% | 1.05% |
| NBP Money Market FundNBP Fund Management Limited | 10.3744 | +10.62% | +10.47% | +16.80% | 0.99% |
| MCB Cash Management OptimizerMCB Investment Management Limited | 105.6726 | +10.13% | +10.45% | +16.73% | 1.09% |
| HBL Cash FundHBL Asset Management Limited | 106.7843 | +10.38% | +10.42% | +16.07% | 1.15% |
| Lakson Money Market FundLakson Investments Limited | 105.9577 | +10.87% | +10.38% | +16.91% | 0.96% |
| ABL Money Market Plan IABL Asset Management Company Limited | 10.3446 | +12.22% | +10.32% | — | 0.52% |
| NBP Cash Plan IINBP Fund Management Limited | 10.0000 | +10.49% | +10.31% | +16.74% | 0.26% |
| NBP Cash Plan INBP Fund Management Limited | 10.4195 | +10.37% | +10.29% | +16.56% | 0.21% |
| Pakistan Cash Management FundMCB Investment Management Limited | 50.4678 | +11.27% | +10.28% | +16.43% | 1.18% |
| UBL Liquidity Plus FundUBL Fund Managers Limited | 104.6003 | +11.22% | +10.13% | +16.47% | 1.00% |
| UBL Money Market FundUBL Fund Managers Limited | 104.2317 | +9.84% | +10.06% | +16.45% | 1.31% |
| NBP Government Securities Liquid FundNBP Fund Management Limited | 10.6390 | +10.12% | +9.98% | +16.63% | 1.44% |
| JS Cash FundJS Investments Limited | 109.7157 | +8.92% | +9.92% | +16.52% | 1.64% |
| Alfalah GHP Cash FundAlfalah Asset Management Limited | 520.8656 | +8.94% | +9.83% | +16.16% | 1.29% |
| HBL Money Market FundHBL Asset Management Limited | 106.9047 | +9.90% | +9.83% | +15.88% | 1.59% |
| Askari Cash FundPak Oman Asset Management Company Limited | 106.7866 | +9.94% | +9.39% | +15.76% | 0.50% |
| BMA Money Market FundBMA Investment Advisors Limited | 103.2545 | +10.80% | — | — | 0.80% |
| MCB Money Market FundMCB Investment Management Limited | 102.9714 | +11.69% | — | — | 0.23% |
| NBP Money Market Liquid FundNBP Fund Management Limited | 10.3226 | +11.96% | — | — | 0.33% |
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.