UCB Taqwa Growth Fund

GrowthShariah+ dividends

Open-end growth mutual fund in Bangladesh, Shariah-compliant, managed by UCB Asset Management. Tracked since Apr 2022, with dividends reinvested by default or taken as cash.

৳10.01NAV per unit
৳19 crFund size
4.2 yrsSince Apr 2022
+2.24%Per year, since launch

Latest collected NAV: 29 Jun 2026, from UCB Asset Management's website. Page last updated: 20 Jul 2026. NAVs are refreshed every day.

Historical returns

Total return reinvests every dividend. “Per year” is the annualized compound rate. The last column is the return on a fixed amount invested every month (SIP).

Return periodTotal returnPer yearMonthly SIP /yr
6 months+2.77%+5.62%+5.93%
1 year+1.65%+1.65%+5.83%
2 years+9.00%+4.40%+3.32%
3 years+9.23%+2.99%+3.17%
Max (4.2 yrs)+9.67%+2.24%+2.67%

Figures as of 29 Jun 2026. Total return includes the fund’s cash dividends (about 7%/yr), reinvested by default.

Calculate your return

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

Dividends
৳1,000 · Apr 2022৳1,097 · 29 Jun 2026

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

Fund details

Management fee2.50% down to 1.00% per year (tiered by fund size)
Early-exit feeExit load if redeemed before 360 days (before 3 years for SIP); rate set by the AMC; no entry load
Minimum investmentBDT 5,000 individual / BDT 50,000 institution
LiquidityOpen-end, redeemable weekly at NAV
Asset managerUCB Asset Management
SponsorUnited Commercial Bank PLC
TrusteeSandhani Life Insurance Company
CustodianBRAC Bank
Face valueBDT 10 per unit

What UCB Taqwa Growth Fund holds

As of 31 Mar 2026

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

Asset mix
Listed equity 38.49%Sukuk / Islamic securities 39.25%FDR / term deposit 20.85%Cash at bank 1.41%
Top holdings
5Y IRIDP-3 Social Impact Sukuk21.38%
IRIDPNFL Socio-Economic Dev. Sukuk17.87%
Berger Paints Bangladesh9.76%
Marico Bangladesh8.86%
Grameenphone8.80%
Renata5.82%
Robi Axiata5.25%

Its 5 largest holdings are 66.67% of the fund.

What changed in the latest statement

31 Dec 2025 → 31 Mar 2026before now

+ IRIDPNFL Socio-Economic Dev. Sukuk · new, 17.87%+ Robi Axiata · new, 5.25%
Marico Bangladesh17.09% → 8.86%
Grameenphone14.79% → 8.80%
Renata9.92% → 5.82%

Asset mix: Listed equity 51.88% → 38.49%; Sukuk / Islamic securities 22.16% → 39.25%; Cash at bank 4.35% → 1.41%.

Its 5 largest holdings went from 74.04% to 66.67% of the fund.

Position sizes shift with both trading and market prices; both snapshots come from the fund manager’s own statements.

✓ Verified from UCB quarterly portfolio statement (31 Mar 2026). Holdings are disclosed quarterly, so they can lag the latest weekly NAV.

Questions about UCB Taqwa Growth Fund

What kind of fund is UCB Taqwa Growth Fund?
UCB Taqwa Growth Fund is an Shariah-compliant open-end growth mutual fund in Bangladesh, managed by UCB Asset Management. You buy and redeem units at its weekly net asset value (NAV), and it has no fixed maturity.

What is the historical return of UCB Taqwa Growth Fund?
Over roughly 4.2 years to 29 Jun 2026, UCB Taqwa Growth Fund returned about +2.24% per year, as 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 UCB Taqwa Growth Fund?
UCB Taqwa Growth 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 UCB Taqwa Growth Fund have an exit load?
Exit load if redeemed before 360 days (before 3 years for SIP); rate set by the AMC; no entry load.

What is the minimum investment for UCB Taqwa Growth Fund?
UCB Taqwa Growth Fund has a one-time minimum of BDT 5,000 individual / BDT 50,000 institution and a monthly SIP from BDT 5,000/month.

Is UCB Taqwa Growth Fund Shariah-compliant?
Yes. UCB Taqwa Growth Fund is a Shariah-compliant fund, investing only in Islamically permissible ways under a Shariah supervisory board.

Compare UCB Taqwa Growth Fund with other funds →
ExperimentalReturnKoto? ratingstill being calibrated

We are building a rules-based rating for each fund. It is experimental and still being calibrated, so treat it as one starting point for your own research rather than a verdict, and expect it to change as the method is refined. Every input is published on the ratings page so you can check it yourself.

3 of 510th of 17 growth funds

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.

Stars capped at 3: over this window its return did not beat both of its yardsticks, the 91-day T-bill and (for equity funds) the DSEX index.

Return / year (3 yr)
+3.00%
Downside deviation
3.7%
Worst drop
-8%
Consistency
88%
Versus the market (DSEX)

Beta 0.13 · has moved largely independently of the DSEX market index (low correlation: it explains only about 9% of its month-to-month swings).

Shariah rating

3 of 5 · 2nd of 5 Shariah funds ReturnKoto? tracks, rated against each other. This is separate from its growth-fund rating above. Stars are capped at 3 here too, because its return has not beaten the 91-day T-bill in any window.

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