33 VPS-Money Market funds
Bank deposits, treasury bills and short-term commercial paper, mostly maturing within months.
NAVs as at 14 Oct 2026 · Source: MUFAP
Median 1-year return
up +10.57%
MUFAP's published figures, 20 funds reporting
Average 3-year return
up +12.16%
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
3.80%
Yearly running costs, already in the NAV
Typical risk
Low
Holding period: a few days to a year
Who are VPS-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 VPS-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 |
|---|---|---|---|---|---|
| ABL GOKP Pension FundABL Asset Management Company Limited | 136.5443 | +11.34% | +11.27% | — | 0.44% |
| UBL Voluntary Pension Fund KPKUBL Fund Managers Limited | 147.1491 | +10.46% | +10.85% | — | 0.87% |
| Atlas Pension FundAtlas Asset Management Limited | 636.2000 | +10.90% | +10.83% | +17.58% | 0.41% |
| AL Habib GOKP Pension FundAL Habib Asset Management Limited | 144.5007 | +11.35% | +10.75% | — | 0.47% |
| NBP GoKP Pension FundNBP Fund Management Limited | 146.5616 | +10.94% | +10.71% | — | 0.75% |
| ABL Pension FundABL Asset Management Company Limited | 297.1159 | +11.04% | +10.63% | +16.82% | 0.68% |
| AL Habib Pension FundAL Habib Asset Management Limited | 187.8271 | +9.93% | +10.63% | +17.01% | 1.34% |
| MCB KPK Govt Employees Pension FundMCB Investment Management Limited | 145.6972 | +10.41% | +10.61% | — | 1.13% |
| NIT KP Pension FundNational Investment Trust Limited | 143.6872 | +10.53% | +10.59% | — | 1.29% |
| HBL KPK Pension FundHBL Asset Management Limited | 143.7221 | +10.52% | +10.58% | — | 0.11% |
| NIT Pension FundNational Investment Trust Limited | 30.2862 | +10.39% | +10.56% | +16.80% | 0.85% |
| JS Pension Savings FundJS Investments Limited | 514.9252 | +10.33% | +10.53% | +16.81% | 0.84% |
| Pakistan Pension FundMCB Investment Management Limited | 577.6100 | +10.56% | +10.33% | +16.85% | 1.31% |
| UBL Retirement Saving FundUBL Fund Managers Limited | 445.5299 | +10.75% | +10.31% | +16.25% | 0.85% |
| Alfalah GHP Pension FundAlfalah Asset Management Limited | 264.1752 | +10.47% | +10.13% | +16.39% | 0.90% |
| NAFA Pension FundNBP Fund Management Limited | 352.6814 | +10.58% | +10.03% | +16.41% | 1.23% |
| JS KPK Pension FundJS Investments Limited | 146.3101 | +9.95% | +10.02% | — | 0.80% |
| HBL Pension FundHBL Asset Management Limited | 383.1576 | +9.45% | +9.87% | +16.19% | 1.31% |
| Alfalah KPK Employee Pension FundAlfalah Asset Management Limited | 142.8774 | +8.06% | +9.68% | — | 1.13% |
| Alfalah Pension Fund - IIAlfalah Asset Management Limited | 0.0001 | — | −100.00% | −33.33% | 0.00% |
| ABL GOB Pension FundABL Asset Management Company Limited | 102.1583 | +10.79% | — | — | 0.21% |
| ABL GOPB Pension FundABL Asset Management Company Limited | 108.7711 | +10.52% | — | — | 0.21% |
| Alfalah Balochistan Pension FundAlfalah Asset Management Limited | 102.1104 | +10.24% | — | — | 0.51% |
| Alfalah GOPB Pension FundAlfalah Asset Management Limited | 106.5767 | +9.57% | — | — | 0.21% |
| Atlas Balochistan Pension FundAtlas Asset Management Limited | 100.8215 | — | — | — | 0.16% |
| Atlas Punjab Pension FundAtlas Asset Management Limited | 110.2530 | +19.20% | — | — | 0.21% |
| HBL Punjab Pension FundHBL Asset Management Limited | 104.6816 | +7.65% | — | — | 0.14% |
| JS Balochistan Pension FundJS Investments Limited | 102.0850 | +7.68% | — | — | 0.00% |
| JS Punjab Pension FundJS Investments Limited | 104.9292 | +3.60% | — | — | 0.74% |
| MCB Punjab Pension FundMCB Investment Management Limited | 109.0470 | +18.23% | — | — | 0.73% |
| NBP Balochistan Pension FundNBP Fund Management Limited | 101.8306 | +10.71% | — | — | 0.56% |
| NBP Punjab Pension FundNBP Fund Management Limited | 108.2477 | +10.99% | — | — | 0.56% |
| UBL Punjab Pension FundUBL Fund Managers Limited | 108.4337 | +13.67% | — | — | 105.29% |
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.