HFAML Unit Fund (HFUF)

Growth

Open-end growth mutual fund in Bangladesh, managed by HF Asset Management Limited (HFAML). Tracked since Jul 2019, with dividends reinvested by default or taken as cash.

৳1,00,000 invested 3 years ago is ৳85,580 today.

HFAML Unit Fund (HFUF) returned -5.06% a year over the last 3 years as a one-time investment, with cash dividends reinvested, based on NAV history through 27 Sep 2026.

This fund৳85,580
Sanchayapatra at 11.7%/yr৳1,39,367
Worst fall
-24.5%
Last 3 years, to Jul 2026
Whole record
+2.46%/yr
7.2 yrs · Data from Jul 2019
NAV per unit
৳8.08
27 Sep 2026
Fund size
৳17 cr
Net assets
Start 100Now 119

Total-return path since Jul 2019, dividends reinvested.

Index, not taka.

See the numbers behind this chart
Month-by-month total-return index for HFAML Unit Fund, dividends reinvested
MonthTotal-return index
Jul 2019100.00
Aug 2019100.00
Sep 2019100.00
Oct 2019100.00
Nov 201990.70
Dec 201986.60
Jan 202081.40
Feb 202088.90
Mar 202087.70
Apr 202087.70
May 202087.70
Jun 202087.70
Jul 202085.70
Aug 202085.70
Sep 202085.70
Oct 202095.20
Nov 202095.00
Dec 2020106.40
Jan 2021106.40
Feb 2021108.60
Mar 2021108.60
Apr 2021108.60
May 2021119.60
Jun 2021125.50
Jul 2021131.10
Aug 2021139.60
Sep 2021148.30
Oct 2021140.40
Nov 2021139.70
Dec 2021139.40
Jan 2022139.40
Feb 2022129.50
Mar 2022127.40
Apr 2022142.30
May 2022134.30
Jun 2022136.90
Jul 2022128.80
Aug 2022134.60
Sep 2022136.20
Oct 2022133.10
Nov 2022134.30
Dec 2022135.60
Jan 2023136.60
Feb 2023128.10
Mar 2023136.30
Apr 2023137.80
May 2023138.90
Jun 2023139.10
Jul 2023139.10
Aug 2023138.00
Sep 2023139.10
Oct 2023138.40
Nov 2023137.70
Dec 2023138.40
Jan 2024124.60
Feb 2024131.70
Mar 2024123.10
Apr 2024117.50
May 2024111.40
Jun 2024113.10
Jul 2024113.10
Aug 2024130.10
Sep 2024123.30
Oct 2024113.10
Nov 2024114.30
Dec 2024113.10
Jan 2025110.00
Feb 2025112.70
Mar 2025111.40
Apr 2025107.80
May 2025105.00
Jun 2025107.20
Jul 2025117.00
Aug 2025117.40
Sep 2025115.50
Oct 2025112.70
Nov 2025107.50
Dec 2025107.50
Jan 2026111.10
Feb 2026115.60
Mar 2026115.20
Apr 2026113.30
May 2026112.50
Jun 2026119.80
Jul 2026123.10
Aug 2026123.10
Sep 2026119.00

Where these numbers come from

  1. PricesNAV from HF Asset Management Limited (HFAML)'s website, checked four times a day. Latest print 27 Sep 2026.
  2. Dividends6 cash dividends on record, dated to the fund manager’s own payment dates. See the record
  3. Fund manager reviewNot yet reviewed by the fund manager.

Figures as of 27 Sep 2026. How every figure is built

Among 20 growth funds

20th of 20 by return over the last 3 years, one-time with dividends reinvested.

Return per year

Lowest -5.06%Middle +6.41%Highest +13.05%

Worst fall from a peak

Deepest -24.5%Middle -13.6%Smallest -8.1%

Fell less than 0 of the other 18.

See all 20 growth funds
#FundPer yearWorst fall
1Ekush Growth Fund (EGF)+13.05%-9.7%
2EDGE AMC Growth Fund (EDGEAMCGF)+11.73%-11.0%
3EDGE Bangladesh Mutual Fund (EDGEBDMF)+11.68%-11.3%
4IDLC Growth Fund (IGF)+10.04%-8.8%
5CWT Emerging Bangladesh First Growth Fund (CWTEBFGF)+9.24%-12.2%
6BCB ICL Growth Fund+9.16%-12.4%
7VIPB Growth Fund+7.91%-14.2%
8Esquire ICL Apparel Fund+7.82%-14.0%
9VIPB NLI 1st Unit Fund+7.04%-13.6%
10VIPB SEBL 1st Unit Fund+6.97%-14.0%
11CWT Opportunities Fund (CWTOF)+5.85%-13.5%
12CWT Sadharan Bima Growth Fund (CWTSBGF)+5.84%-15.0%
13IDLC AML Shariah Fund (IAMLSF) Shariah+2.91%-9.9%
14UCB Taqwa Growth Fund Shariah+2.83%-8.1%
15CWT Community Bank Shariah Fund (CWTCBSF) Shariah+2.38%n/a
16Shanta First Income Unit Fund (SFIUF)+0.34%-23.3%
17Shanta Amanah Shariah Fund (SASF) Shariah-1.98%-21.2%
18HFAML Shariah Unit Fund (HFSUF) Shariah-2.27%-18.6%
19HFAML-ACME Employees' Unit Fund (HFACMEUF)-4.17%-23.7%
20HFAML Unit Fund (HFUF)-5.06%-24.5%

Return: one-time, dividends reinvested, over the last 3 years to each fund’s latest NAV (27 Sep 2026 to 29 Sep 2026). Worst fall: the 3 years to Jul 2026, monthly points. Past returns do not predict future ones.

Historical returns

Dividends reinvested throughout. One-time is a single amount put in at the start of the period; Monthly SIP puts the same amount in every month. Periods under 1 year show the total change, not a yearly rate.

One-time Monthly SIP
Period Total Per year Per year
6 months+3.32%Under 1 yr+1.14% total
Year to date+10.68%Under 1 yr+3.07% total
1 year+3.06%+3.06%+7.31%
2 years-3.46%-1.75%+4.62%
3 years-14.42%-5.06%+1.04%
5 years-19.77%-4.31%-1.55%
Max (7.2 yrs)+19.02%+2.46%+1.05%

Bars in each column are relative to the largest figure in that column, not a 0 to 100% scale.

Figures as of 27 Sep 2026 Dividends reinvested at the fund manager’s published payment dates (not the October convention).

Calculate your return

Just this fund. Set an amount, pick one-time or monthly, and choose a period.

৳
Dividends

See the numbers behind this chart
Month-by-month value of a ৳1,000 lump sum in HFAML Unit Fund, dividends reinvested
MonthValue of ৳1,000
Jul 2019৳1,000
Aug 2019৳1,000
Sep 2019৳1,000
Oct 2019৳1,000
Nov 2019৳907
Dec 2019৳866
Jan 2020৳814
Feb 2020৳889
Mar 2020৳877
Apr 2020৳877
May 2020৳877
Jun 2020৳877
Jul 2020৳857
Aug 2020৳857
Sep 2020৳857
Oct 2020৳952
Nov 2020৳950
Dec 2020৳1,064
Jan 2021৳1,064
Feb 2021৳1,086
Mar 2021৳1,086
Apr 2021৳1,086
May 2021৳1,196
Jun 2021৳1,255
Jul 2021৳1,311
Aug 2021৳1,396
Sep 2021৳1,483
Oct 2021৳1,404
Nov 2021৳1,397
Dec 2021৳1,394
Jan 2022৳1,394
Feb 2022৳1,295
Mar 2022৳1,274
Apr 2022৳1,423
May 2022৳1,343
Jun 2022৳1,369
Jul 2022৳1,288
Aug 2022৳1,346
Sep 2022৳1,362
Oct 2022৳1,331
Nov 2022৳1,343
Dec 2022৳1,356
Jan 2023৳1,366
Feb 2023৳1,281
Mar 2023৳1,363
Apr 2023৳1,378
May 2023৳1,389
Jun 2023৳1,391
Jul 2023৳1,391
Aug 2023৳1,380
Sep 2023৳1,391
Oct 2023৳1,384
Nov 2023৳1,377
Dec 2023৳1,384
Jan 2024৳1,246
Feb 2024৳1,317
Mar 2024৳1,231
Apr 2024৳1,175
May 2024৳1,114
Jun 2024৳1,131
Jul 2024৳1,131
Aug 2024৳1,301
Sep 2024৳1,233
Oct 2024৳1,131
Nov 2024৳1,143
Dec 2024৳1,131
Jan 2025৳1,100
Feb 2025৳1,127
Mar 2025৳1,114
Apr 2025৳1,078
May 2025৳1,050
Jun 2025৳1,072
Jul 2025৳1,170
Aug 2025৳1,174
Sep 2025৳1,155
Oct 2025৳1,127
Nov 2025৳1,075
Dec 2025৳1,075
Jan 2026৳1,111
Feb 2026৳1,156
Mar 2026৳1,152
Apr 2026৳1,133
May 2026৳1,125
Jun 2026৳1,198
Jul 2026৳1,231
Aug 2026৳1,231
Sep 2026৳1,190
৳5,000 · Jul 2019৳5,950 · 27 Sep 2026

Total-return NAV rebased to your amount. Dividends are reinvested by default; switch to taken as cash above.

How rough was the ride

Returns tell you where HFAML Unit Fund (HFUF) ended up. These tell you what holding it felt like on the way.

Worst fall from a peak (last 3 years)

-24.5%

Jul 2023 to May 2025 · Has not regained that peak yet.

Worst 12 months (last 3 years)

-18.7%

Best 12 months: +11.8%.

How bumpy (last 3 years)

16.1%

Yearly swing, bumpier than most.

Market sensitivity (last 3 years)

0.60

Against DSEX, partly follows the market.

Positive 12-month spells (last 3 years)

32%

Share of rolling years that ended up.

Measured over the 3 years to Jul 2026, the same fixed window every rated fund is measured on, on monthly total-return points with dividends reinvested. How bumpy is the annualized standard deviation of those monthly returns; the worst fall is the largest peak-to-trough drop inside the window. Full method.

Rolling returns, full history

Every closed 1-year and 3-year window since Jul 2019, one-time with dividends reinvested, shown per year. A single look-back can flatter or punish a start date.

Rolling window Latest Median Best Worst Windows
1 year+3.03%+2.06%+73.05%-19.80%75
3 years-5.07%-3.36%+18.83%-8.84%51

Latest is the most recent closed window; median, best and worst summarize every overlapping window of that length.

Dividend record

6 cash dividends, ৳3.90 per unit in total on a ৳10 unit (39% of face value).

  1. 31 Dec 2018৳0.75 per unit · 7.5% of face
  2. 2019No cash dividend
  3. 27 Feb 2020৳0.55 per unit · 5.5% of face
  4. 31 Dec 2020৳0.50 per unit · 5% of face
  5. 2021No cash dividend
  6. 4 Apr 2022৳1.00 per unit · 10% of face
  7. 10 Mar 2023৳0.60 per unit · 6% of face
  8. 4 Feb 2024৳0.50 per unit · 5% of face

৳1,00,000 held max (7.2 yrs)

Dividends reinvested৳1,19,020
Taken as cash৳1,19,470

Cash kept aside, not reinvested.

Percentages are of the ৳10 face value, gross of tax. Each dividend is reinvested on the fund manager’s published payment date. Record: hfassetmanagement.com. Method

Costs and fund details

Management fee2.50% down to 1.00% per year (tiered by fund size)
Early-exit feeNo separate exit load; sale/repurchase spread (currently about 2% of NAV, capped at 2% by the prospectus)
Minimum investment100 units individual / 2,500 units institution
LiquidityOpen-end; surrendered back to the fund at NAV, not sold on an exchange. Confirm current dealing days and pricing with the AMC.
Asset managerHF Asset Management Limited (HFAML)
SponsorHF Asset Management Limited (HFAML)
TrusteeInvestment Corporation of Bangladesh (ICB)
CustodianInvestment Corporation of Bangladesh (ICB)
Face valueBDT 10 per unit

What HFAML Unit Fund holds

As of 30 Jun 2026

From the fund’s quarterly portfolio disclosure. Percentages by market value.

Asset mix
Listed equity 55.30%Open-end mutual fund 18.32%FDR / term deposit 13.02%Listed mutual funds 7.38%Government treasury bond 3.55%Corporate bond / Sukuk 1.52%Cash at bank 0.90%
Sector allocation
Cement10.64%
Pharmaceuticals & Chemicals7.59%
Insurance7.42%
Telecommunication6.54%
Fuel & Power5.84%
Engineering5.68%
Financial Institutions5.42%
Travel & Leisure2.03%
Bank1.45%
Food & Allied1.35%
IT0.80%
Ceramics0.32%
Tannery0.21%
Top holdings
Grameenphone6.52%
avg cost ৳392.58 · stmt mkt ৳259.61
1st ACACIA SRIM SME Growth Unit Fund5.83%
avg cost ৳15.78 · stmt mkt ৳14.04
Square Pharmaceuticals4.81%
avg cost ৳232.39 · stmt mkt ৳224.00
Heidelberg Cement Bangladesh4.52%
avg cost ৳370.21 · stmt mkt ৳240.31
Pioneer Insurance4.15%
avg cost ৳93.99 · stmt mkt ৳71.90
LafargeHolcim Bangladesh4.10%
avg cost ৳88.53 · stmt mkt ৳56.00
NAM IBBL Islamic Unit Fund3.87%
avg cost ৳9.88 · stmt mkt ৳6.09
CAPM Unit Fund3.86%
avg cost ৳112.39 · stmt mkt ৳95.64
Grameen One : Scheme Two2.68%
avg cost ৳18.78 · stmt mkt ৳12.90
Vanguard AML Growth Fund2.63%
avg cost ৳10.00 · stmt mkt ৳10.06
Green Delta Insurance2.56%
avg cost ৳103.93 · stmt mkt ৳67.00
Confidence Cement2.03%
avg cost ৳116.66 · stmt mkt ৳67.81

Each bar is sized against the largest name in this list, so you can compare them to each other. The percentage is still that name’s share of the whole fund.

Its 5 largest holdings are 25.83% of the fund.

✓ Verified from HF AML quarterly portfolio statement (30 Jun 2026). Holdings are disclosed quarterly, so they can lag the latest daily NAV.

Side by side with another fund

Questions about HFAML Unit Fund (HFUF)

What kind of fund is HFAML Unit Fund?
HFAML Unit Fund is an open-end growth mutual fund in Bangladesh, managed by HF Asset Management Limited (HFAML). You buy and redeem units at its published net asset value (NAV), and it has no fixed maturity.

What is the historical return of HFAML Unit Fund?
Over roughly 7.2 years to 27 Sep 2026, HFAML Unit Fund returned about +2.46% per year as a one-time investment, a total return with dividends reinvested. The figure changes with the period you choose, and past performance does not guarantee future results.

What are the fees for HFAML Unit Fund?
HFAML Unit Fund charges a management fee of 2.50% down to 1.00% per year (tiered by fund size). Its published NAV, and so every return shown, is already net of this fee.

Does HFAML Unit Fund have an exit load?
No separate exit load; sale/repurchase spread (currently about 2% of NAV, capped at 2% by the prospectus).

What is the minimum investment for HFAML Unit Fund?
HFAML Unit Fund has a one-time minimum of 100 units individual / 2,500 units institution.

Is HFAML Unit Fund Shariah-compliant?
No. HFAML Unit Fund is a conventional open-end fund, not Shariah-certified. ReturnKoto? has a one-tap filter to show only Shariah funds.

Compare HFAML Unit Fund (HFUF) with other funds →
ExperimentalReturnKoto? ratingstill being calibrated

Rules-based rating for each fund. Experimental; treat as one input for your own research. Every sub-score is on the ratings page.

1 of 5

Score 16.6, 19th of 19 growth funds by score. A rules-based score over the same fixed 3-year window every fund is measured on: return against its benchmark, downside deviation, worst drop and consistency, on a scale set for growth funds.

Over this window its return beat neither yardstick: the 91-day T-bill average (10.9%/yr) nor the DSEX (-3.2%/yr).

5-year rating: 1 of 5 over the same fixed 5-year window (score 22.6, 16th of 16 by score).

One-time, per year (3 yr)
-4.00%
Downside deviation
10.8%
Worst drop
-24%
Consistency
32%
Versus the market (DSEX)

Beta 0.60 · historically moved about 0.60% for each 1% move in the DSEX market index. DSEX explains roughly 34% of its month-to-month swings.

✓ Rules-based, measured from the fund’s own NAV history. How the rating works.