Lucky Islamic Fixed Term Fund Plan 23
NAV as at 20 Aug 2026 · Source: MUFAP · priced once a day, published the next morning · Launched Jul 2026
Net asset value
Rs 100.9586
1-year return
—
Published by MUFAP, after costs
3-year return
—
A yearly rate, as MUFAP quotes it
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
0.45%
Category average 0.32%
Typical risk
Moderate
Usual for income & debt funds
NAV history
Rebased to 100 at the start of the range shown, so the two lines are comparable
MUFAP publishes only the current NAV — there is no history to backfill — so this chart starts from when we began tracking this fund on 28 Aug 2026 and fills in one day at a time. The trailing returns below are MUFAP's own and are complete today.
Key facts
What the fund is, and what it costs to hold
- Category Fund categoryThe SECP classification that sets what a fund may invest in — equity, income, money market, balanced, Islamic and others. Compare returns and fees only within the same category. Glossary
- Shariah Compliant Fixed Rate / Return
- Fund manager
- Lucky Investments Limited
- Launched
- 20 Jul 2026
- Fund size AUM (assets under management)The total value of everything a fund manages, in rupees. Size alone says nothing about returns, but very small funds tend to carry higher costs per unit. Glossary
- Not in MUFAP's daily data
- Expense ratio (YTD) 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
- 0.45%
- Management fee
- 0.98%
- Front-end load
- 0.00%
- Back-end load
- 0.00%
- Contingent load
- 0.00%
- Risk profile
- Moderate (typical for its category)
- Benchmark
- Not published
The expense ratio is already deducted from the NAV and the returns above. A sales load is not — it is charged on top when you buy or sell.
Trailing returns
Published by MUFAP, as at 20 Aug 2026 · net of fund expenses, before any sales load · against the average of the active Shariah Compliant Fixed Rate / Return funds
| Period | This fund | Category avg | Difference | Rank |
|---|---|---|---|---|
| 1 day | +9.64% | −12.11% | up +21.75 pts | 31 of 38 |
| 15 days | +11.21% | +9.97% | up +1.24 pts | 19 of 41 |
| 30 days | +11.66% | +9.78% | up +1.88 pts | 6 of 33 |
| 90 days | — | +11.32% | — | — |
| 180 days | — | +12.39% | — | — |
| Month to date | +11.25% | +8.58% | up +2.67 pts | 16 of 38 |
| Year to date | +11.29% | +10.18% | up +1.11 pts | 17 of 42 |
What this means: MUFAP quotes income or debt fund returns as yearly rates, so "30 days +10%" means the fund earned at a pace of about 10% a year over those 30 days — not 10% in a month. The difference is in percentage points; rank 1 is the highest return in the category for that period.
Our measurements
Computed from the NAV history we have recorded, adjusted for distributions
We began tracking this fund on 28 Aug 2026 and do not yet have enough NAV history to measure anything ourselves. MUFAP publishes only the current NAV — there is no history to backfill — so this section fills in as the days accumulate. The trailing returns above are MUFAP's own and are available now.
Who is this fund for?
What a typical income or debt fund is built to do. The offering document sets this fund's own terms.
- Suits
- 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.
- What it holds
- Government securities, sukuk, term finance certificates and bank placements. Aggressive income funds reach for longer maturities and weaker borrowers to earn more.
- Holding period
- One to three years
Shariah compliant: it invests only in instruments its Shariah adviser approves, and earns profit rather than interest.
Against its category
- Funds in Shariah Compliant Fixed Rate / Return
- 44
- Category median (1 yr, MUFAP)
- —
- Category average expense ratio
- 0.32%
Dealing prices
- Offer (you buy at)
- Rs 100.9586
- Repurchase (you sell at)
- Rs 100.9586
- Net asset value
- Rs 100.9586
The offer price is the NAV plus the front-end load. Funds price once a day, so an order placed today deals at a NAV that is published tomorrow — there is no intraday price.
Lucky Islamic Fixed Term Fund Plan 23 — NAV, returns and charges
Lucky Islamic Fixed Term Fund Plan 23 is priced at Rs 100.9586 per unit as at 20 August 2026. Nothing newer has been published in 8 weeks. A gap that long means the figure below is a historical record, not a price anyone can deal at today. We hold a single daily observation for it, so there is nothing yet to measure a trend against.
Over the last thirty days Lucky Islamic Fixed Term Fund Plan 23 has returned 11.66%, on MUFAP figures published to 20 August 2026. These are the manager's published figures, net of the fund's own expenses but before any sales load you pay to enter or leave.
Lucky Islamic Fixed Term Fund Plan 23 charges a front-end load of 0.00% when you buy. The back-end or contingent load is 0.00%. The total expense ratio year to date is 0.45%, which is already taken out of the returns above. The management fee inside that is 0.98%.
Lucky Islamic Fixed Term Fund Plan 23 is classified by MUFAP as a Shariah Compliant Fixed Rate / Return fund, screened as Shariah compliant. It is managed by Lucky Investments Limited. The fund was launched in July 2026, so its record is under a year long.
This summary is generated from the MUFAP figures and NAV history shown on this page and is refreshed as new data arrives. It describes the data; it is not a recommendation. See how we collect and check this data and our disclaimer.
Distribution history
Cash or bonus units the fund has paid out per unit, newest first.
No distributions recorded for this fund.
Other Shariah Compliant Fixed Rate / Return funds
The same kind of fund from other managers and plans, best one-year return first
| Fund | NAV (Rs) | 1M | 1Y | 3Y | TER |
|---|---|---|---|---|---|
| AL Habib Islamic Munafa Fund Plan 8AL Habib Asset Management Limited | 103.1905 | +10.65% | — | — | 0.29% |
| AL Habib Islamic Munafa Fund Plan 9AL Habib Asset Management Limited | 102.2964 | +10.68% | — | — | 0.26% |
| Meezan Paidaar Munafa Plan 34Al Meezan Investment Management Limited | 51.8856 | +13.25% | — | — | 0.70% |
| Meezan Paidaar Munafa Plan 39Al Meezan Investment Management Limited | 50.0000 | +13.48% | — | — | 0.60% |
| Meezan Paidaar Munafa Plan 43Al Meezan Investment Management Limited | 51.7324 | +5.96% | — | — | 0.20% |
| Meezan Paidaar Munafa Plan 47Al Meezan Investment Management Limited | 51.5747 | +10.95% | — | — | 0.30% |
| Meezan Paidaar Munafa Plan 48Al Meezan Investment Management Limited | 51.5616 | +10.36% | — | — | 0.20% |
| Meezan Paidaar Munafa Plan 49Al Meezan Investment Management Limited | 51.5052 | +10.97% | — | — | 0.10% |
Lucky Islamic Fixed Term Fund Plan 23 — frequently asked questions
What is the NAV of Lucky Islamic Fixed Term Fund Plan 23?
The latest net asset value MUFAP has published for Lucky Islamic Fixed Term Fund Plan 23 is Rs 100.9586 per unit, as at 20 August 2026. No newer valuation has been published since, so treat this as the last figure on record rather than a price available today.
Is Lucky Islamic Fixed Term Fund Plan 23 Shariah compliant?
Yes. MUFAP classifies Lucky Islamic Fixed Term Fund Plan 23 under Shariah Compliant Fixed Rate / Return, which is a Shariah-compliant category, so the fund is run to an Islamic mandate with its own Shariah advisory oversight. Screening is applied by the fund, and the classification is MUFAP's rather than ours.
Who manages Lucky Islamic Fixed Term Fund Plan 23?
Lucky Islamic Fixed Term Fund Plan 23 is managed by Lucky Investments Limited, the asset management company responsible for its mandate, its investment decisions and the charges applied to it. The fund was launched in July 2026.
What does it cost to invest in Lucky Islamic Fixed Term Fund Plan 23?
For Lucky Islamic Fixed Term Fund Plan 23, the published front-end load is 0.00%, the back-end or contingent load is 0.00% and the total expense ratio is 0.45%, already deducted from the returns shown. A load is charged on the money you put in or take out; the expense ratio is charged inside the fund and is why a published return is lower than the gross return on what it holds.
Answers are generated from the MUFAP figures on this page and refreshed as new data arrives. See all mutual funds or our methodology.
Fund data is sourced from the Mutual Funds Association of Pakistan. We publish no buy, sell or hold recommendation on any mutual fund, and nothing on this page is investment advice. Past performance does not predict future returns.