HBL Asset Management Limited

The asset management company behind these funds: it sets their fees and makes their investment decisions.

43 funds · NAVs as at 14 Oct 2026 · Source: MUFAP

Active funds

Listed with MUFAP today

Kinds of fund

Mostly income & debt funds

Shariah compliant

of 43 funds

Beat their category

18 of 29

One-year return above their category's average

Fund mix: 19 Income & debt 11 Equity 10 Money market 2 Balanced & asset allocation 1 Exchange-traded & other

Every HBL Asset Management fund

Grouped by category. Compare a fund's returns with others in its own category, not with the manager's other funds.

Mutual funds managed by HBL Asset Management Limited with NAV, returns and expense ratio
Fund	Category	NAV (Rs)	1M	1Y	3Y	TER	Risk
HBL Multi Asset Fund	Balanced	222.1687	−4.15%	+10.39%	+146.22%	3.17%	Moderate
HBL Energy Fund	Equity	38.4418	+1.28%	+25.39%	+218.13%	4.15%	High
HBL Equity Fund	Equity	233.7564	−4.21%	+1.82%	+182.35%	5.16%	High
HBL Growth Fund-Class A	Equity	39.4925	+2.37%	−23.80%	+159.60%	1.38%	High
HBL Growth Fund-Class B	Equity	43.5669	−4.99%	+10.15%	+195.28%	3.82%	High
HBL Investment Fund-Class A	Equity	14.2898	+2.55%	−23.88%	+163.00%	1.40%	High
HBL Investment Fund-Class B	Equity	20.8125	−4.20%	+13.45%	+196.50%	3.94%	High
HBL Stock Fund	Equity	221.2447	−4.74%	+3.15%	+164.02%	4.15%	High
HBL Total Treasury Exchange Traded Fund	Exchange Traded Fund	106.7684	+9.87%	+0.62%	+428.69%	0.68%	—
HBL Mehfooz Munafa Fund Plan 22	Fixed Rate / Return	100.3219	—	—	—	0.30%	Moderate
HBL Mehfooz Munafa Fund Plan XI	Fixed Rate / Return	103.3079	+11.06%	—	—	0.17%	Moderate
HBL Mehfooz Munafa Fund Plan XIV	Fixed Rate / Return	103.5508	+11.91%	—	—	0.25%	Moderate
HBL Mehfooz Munafa Fund Plan XVIII	Fixed Rate / Return	103.3044	+10.77%	—	—	0.13%	Moderate
HBL Mehfooz Munafa Fund Plan XXI	Fixed Rate / Return	101.5164	+11.23%	—	—	0.11%	Moderate
HBL Financial Sector Income Fund Plan I	Income	105.5676	+9.77%	+9.85%	+16.78%	1.87%	Moderate
HBL Financial Sector Income Fund Plan II	Income	103.7168	+11.42%	+11.60%	—	0.26%	Moderate
HBL Government Securities Fund	Income	117.2531	+6.17%	+10.15%	+17.48%	1.90%	Moderate
HBL Income Fund	Income	116.6931	+7.88%	+9.70%	+16.14%	1.65%	Moderate
HBL Regular Income Fund	Income	100.5863	+6.44%	—	—	1.74%	Moderate
HBL Cash Fund	Money Market	106.7843	+10.38%	+10.42%	+16.07%	1.15%	Low
HBL Money Market Fund	Money Market	106.9047	+9.90%	+9.83%	+15.88%	1.59%	Low
HBL Islamic Asset Allocation Fund	Shariah Compliant Asset Allocation	315.3051	−3.10%	+10.64%	+174.05%	3.64%	Moderate
HBL Islamic Equity Fund	Shariah Compliant Equity	199.5732	−3.74%	+5.68%	+166.26%	4.01%	High
HBL Islamic Stock Fund	Shariah Compliant Equity	249.8209	−3.10%	+5.13%	+173.01%	4.31%	High
HBL Islamic Fixed Term Fund Plan 11	Shariah Compliant Fixed Rate / Return	101.5288	+11.14%	—	—	0.30%	Moderate
HBL Islamic Fixed Term Fund Plan 12	Shariah Compliant Fixed Rate / Return	100.6563	—	—	—	0.21%	Moderate
HBL Islamic Fixed Term Fund Plan 13	Shariah Compliant Fixed Rate / Return	100.2340	—	—	—	0.34%	Moderate
HBL Islamic Fixed Term Fund Plan 14	Shariah Compliant Fixed Rate / Return	100.4012	—	—	—	0.46%	Moderate
HBL Islamic Fixed Term Fund Plan X	Shariah Compliant Fixed Rate / Return	101.1312	+11.09%	—	—	0.30%	Moderate
HBL Islamic Income Fund	Shariah Compliant Income	108.0608	+10.08%	+10.62%	+15.82%	1.43%	Moderate
HBL Islamic Regular Income Fund	Shariah Compliant Income	100.0000	+9.78%	—	—	1.14%	Moderate
HBL Islamic Money Market Fund	Shariah Compliant Money Market	104.8621	+8.90%	+10.59%	+16.24%	1.01%	Low
HBL Islamic Savings Plan I	Shariah Compliant Money Market	103.8166	+8.99%	+9.68%	—	1.58%	Low
HBL Pension Fund	VPS-Debt	453.9579	+6.08%	+9.22%	+17.56%	1.53%	Moderate
HBL Pension Fund	VPS-Equity	1,087.5939	−3.70%	+8.43%	+206.93%	1.80%	High
HBL KPK Pension Fund	VPS-Money Market	143.7221	+10.52%	+10.58%	—	0.11%	Low
HBL Pension Fund	VPS-Money Market	383.1576	+9.45%	+9.87%	+16.19%	1.30%	Low
HBL Punjab Pension Fund	VPS-Money Market	104.6816	+7.65%	—	—	0.14%	Low
HBL Islamic Pension Fund	VPS-Shariah Compliant Debt	350.9071	+9.73%	+9.44%	+16.86%	1.01%	Moderate
HBL Islamic Pension Fund	VPS-Shariah Compliant Equity	1,194.2226	−2.78%	+7.29%	+209.38%	1.40%	High
HBL Islamic Pension Fund	VPS-Shariah Compliant Money Market	333.2858	+10.22%	+9.80%	+15.59%	1.00%	Low
HBL Islamic Punjab Pension Fund	VPS-Shariah Compliant Money Market	104.6830	+7.65%	—	—	0.14%	Low
HBL KPK Islamic Pension Fund	VPS-Shariah Compliant Money Market	139.9149	+9.85%	+9.33%	—	0.11%	Low

Returns are the trailing figures published by MUFAP, after each fund's own costs and before any sales load. Past performance does not predict future returns, and nothing here is a recommendation to buy or sell.