The best performing mutual funds in Bangladesh, ranked by actual return
Every fund we track, ranked by annualised total return with dividends reinvested, over a window every fund can fill. Rebuilt from NAV history each day.
These figures update themselves. Every number below is recalculated from NAV history each day, so this page is current as of 24 September 2026 rather than the day it was written.
Search for the best mutual fund in Bangladesh and you will mostly find fund managers describing their own products. That is not a conspiracy, it is just how the market is set up. Nobody has an incentive to publish a table that might place their fund near the bottom.
This is that table.
35 funds over 2 years: VIPB Fixed Income Fund leads at 20.00% a year, the middle fund returned 9.05%, and the lowest 0.34%. 35 of 35 ended higher, and 4 sit in the top eight over both 2 years and 5 years.
Ranked over 2 years
All 35 funds appear here because 2 years is the longest window every one of them has actually been tracked for. Ranking a fund over a period it did not exist for would be inventing history.
| # | Fund | Per year | 5-yr rank |
|---|---|---|---|
| 1 | VIPB Fixed Income Fund (Income) | 20.00% | too new |
| 2 | Ekush Stable Return Fund (Income) | 16.21% | too new |
| 3 | UCB Income Plus Fund (Income) | 16.09% | too new |
| 4 | EDGE Bangladesh Mutual Fund (Growth) Both | 15.59% | #7 |
| 5 | EDGE AMC Growth Fund (Growth) Both | 15.46% | #8 |
| 6 | Ekush Growth Fund (Growth) Both | 15.20% | #2 |
| 7 | Shanta Fixed Income Fund (Income) Both | 14.76% | #1 |
| 8 | EDGE High Quality Income Fund (Income) | 14.73% | too new |
| 9 | Ekush First Unit Fund (Balanced) | 14.46% | #5 |
| 10 | IDLC Income Fund (Income) | 10.93% | #3 |
| 11 | IDLC Balanced Fund (Balanced) | 10.83% | #6 |
| 12 | IDLC Growth Fund (Growth) | 10.02% | #15 |
| 13 | BCB ICL Growth Fund (Growth) | 9.95% | #17 |
| 14 | LB Gratuity Opportunities Fund (Balanced) | 9.74% | #9 |
| 15 | LankaBangla 1st Balanced Unit Fund (Balanced) | 9.58% | #22 |
| 16 | VIPB Balanced Fund (Balanced) | 9.33% | #10 |
| 17 | ICL Balanced Fund (Balanced) | 9.17% | #20 |
| 18 | VIPB Growth Fund (Growth) | 9.05% | #12 |
| 19 | CWT Emerging Bangladesh First Growth Fund (Growth) | 8.92% | #4 |
| 20 | VIPB Accelerated Income Unit Fund (Income) | 8.77% | #13 |
| 21 | CWT Sadharan Bima Growth Fund (Growth) | 8.41% | #14 |
| 22 | EDGE Al-Amin Shariah Consumer Fund (Balanced) | 8.40% | too new |
| 23 | Esquire ICL Apparel Fund (Growth) | 7.97% | #19 |
| 24 | CWT Opportunities Fund (Growth) | 7.74% | #16 |
| 25 | Shanta First Income Unit Fund (Growth) | 7.43% | #26 |
| 26 | VIPB NLI 1st Unit Fund (Growth) | 6.79% | #18 |
| 27 | IDLC AML Shariah Fund (Growth) | 6.56% | #25 |
| 28 | VIPB SEBL 1st Unit Fund (Growth) | 6.41% | #11 |
| 29 | LankaBangla Al-Arafah Shariah Unit Fund (Balanced) | 4.84% | #23 |
| 30 | Shanta Amanah Shariah Fund (Growth) | 4.58% | #27 |
| 31 | LB Gratuity Wealth Builder Fund (Balanced) | 4.44% | #21 |
| 32 | ICL INCTL Shariah Fund (Balanced) | 4.18% | too new |
| 33 | UCB Taqwa Growth Fund (Growth) | 1.18% | too new |
| 34 | CWT Community Bank Shariah Fund (Growth) | 1.00% | too new |
| 35 | UCB AML First Mutual Fund (Balanced) | 0.34% | #24 |
The last column is where the same fund ranks over 5 years, so a fund that only looks strong over the short window shows it at a glance. Tap a column heading to sort, or a type to filter.
VIPB Fixed Income Fund leads at 20.00% a year. The weakest managed 0.34% over the same months, with the same rules applied to both.
The longer view
27 funds have enough history for a 5 years window, and the order changes when you look at it.
| # | Fund | Per year | 2-yr rank |
|---|---|---|---|
| 1 | Shanta Fixed Income Fund (Income) Both | 8.53% | #7 |
| 2 | Ekush Growth Fund (Growth) Both | 8.47% | #6 |
| 3 | IDLC Income Fund (Income) | 7.67% | #10 |
| 4 | CWT Emerging Bangladesh First Growth Fund (Growth) | 7.52% | #19 |
| 5 | Ekush First Unit Fund (Balanced) | 6.47% | #9 |
| 6 | IDLC Balanced Fund (Balanced) | 6.34% | #11 |
| 7 | EDGE Bangladesh Mutual Fund (Growth) Both | 5.83% | #4 |
| 8 | EDGE AMC Growth Fund (Growth) Both | 5.71% | #5 |
| 9 | LB Gratuity Opportunities Fund (Balanced) | 5.51% | #14 |
| 10 | VIPB Balanced Fund (Balanced) | 5.22% | #16 |
| 11 | VIPB SEBL 1st Unit Fund (Growth) | 4.66% | #28 |
| 12 | VIPB Growth Fund (Growth) | 4.20% | #18 |
| 13 | VIPB Accelerated Income Unit Fund (Income) | 3.97% | #20 |
| 14 | CWT Sadharan Bima Growth Fund (Growth) | 3.76% | #21 |
| 15 | IDLC Growth Fund (Growth) | 3.37% | #12 |
| 16 | CWT Opportunities Fund (Growth) | 3.37% | #24 |
| 17 | BCB ICL Growth Fund (Growth) | 3.33% | #13 |
| 18 | VIPB NLI 1st Unit Fund (Growth) | 3.15% | #26 |
| 19 | Esquire ICL Apparel Fund (Growth) | 2.74% | #23 |
| 20 | ICL Balanced Fund (Balanced) | 2.40% | #17 |
| 21 | LB Gratuity Wealth Builder Fund (Balanced) | 1.83% | #31 |
| 22 | LankaBangla 1st Balanced Unit Fund (Balanced) | 1.64% | #15 |
| 23 | LankaBangla Al-Arafah Shariah Unit Fund (Balanced) | 0.90% | #29 |
| 24 | UCB AML First Mutual Fund (Balanced) | 0.47% | #35 |
| 25 | IDLC AML Shariah Fund (Growth) | -0.14% | #27 |
| 26 | Shanta First Income Unit Fund (Growth) | -0.63% | #25 |
| 27 | Shanta Amanah Shariah Fund (Growth) | -1.69% | #30 |
Over 5 years, Shanta Fixed Income Fund leads at 8.53% a year.
That reshuffle is the most useful thing on this page. A fund near the top of a short window may simply have caught a good stretch. A fund near the top of both windows has done it across more than one kind of market.
Funds sitting in the upper group on both: Shanta Fixed Income Fund, Ekush Growth Fund, EDGE Bangladesh Mutual Fund, EDGE AMC Growth Fund. That is 4 out of 35.
Shariah-compliant funds, ranked separately
Halal funds are screened out of interest-bearing income and several listed sectors, so ranking them against conventional funds compares two different investable universes. They get their own table.
| # | Fund | Per year |
|---|---|---|
| 1 | EDGE Al-Amin Shariah Consumer Fund (Balanced) | 8.40% |
| 2 | IDLC AML Shariah Fund (Growth) | 6.56% |
| 3 | LankaBangla Al-Arafah Shariah Unit Fund (Balanced) | 4.84% |
| 4 | Shanta Amanah Shariah Fund (Growth) | 4.58% |
| 5 | ICL INCTL Shariah Fund (Balanced) | 4.18% |
| 6 | UCB Taqwa Growth Fund (Growth) | 1.18% |
| 7 | CWT Community Bank Shariah Fund (Growth) | 1.00% |
EDGE Al-Amin Shariah Consumer Fund leads the 7 Shariah funds at 8.40% a year, with the weakest at 1.00%.
For context, that leading halal fund sits at number 22 of 35 on the combined table above. Whether that gap reflects the screening rules or simply which sectors did well over these particular months is covered in the post on Shariah fund returns.
What "best" is not
Best over a closed window is a fact. Best going forward is a guess, and this table cannot make it for you.
Two things it deliberately does not weigh. Risk, meaning how rough the ride was to get that number. And fund type, since an income fund and a growth fund are doing different jobs and a single ranking flattens that difference. The per-type breakdown and each fund's own page carry both.
Read this as a shortlist, not a verdict. Narrowing 35 funds down to a handful worth investigating properly is the job it does well.
How the numbers are built
Total return with cash dividends reinvested, computed from NAV history through 24 September 2026, using the same method for every fund. NAV prints come from the fund managers' own published figures wherever we can read them, validated against a second source before publication.
The fund's management fee is already inside the NAV. Tax, platform charges and buy or sell spreads are not modelled, so a real result would land slightly below what you see.
Common questions
How often does this ranking change?
The figures rebuild from NAV history every day, so the table reflects data through 24 September 2026. Positions can move whenever new NAV prints arrive.
Why do some funds appear in one table but not the other?
The longer table only includes funds with enough tracked history to fill that window. A fund missing from it is younger, not worse.
Does the top fund charge more?
Fees vary by fund and are set out in each prospectus. Because the management fee is deducted inside the NAV, the returns shown here are already after it.
Is a higher return always better?
Not on its own. A fund can reach a high figure by taking risks that would be uncomfortable to hold through. Look at the fund type, the holdings and the longer window before deciding.
Further reading on this site
- Methodology: how returns are calculated
- How to compare two mutual funds properly
- FAQ: which fund has the best return?
Run these numbers on your own amount
