UCB Taqwa Growth Fund

GrowthShariah+ dividends

UCB Taqwa Growth Fund returned 2.97% a year over the last 3 years, with cash dividends reinvested, based on NAV history through 2 Sep 2026.

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

৳10.05NAV per unit
৳17 crFund size
4.5 yrsSince Apr 2022
+2.21%Per year, max (4.5 yrs)
Start 100Now 110

Total-return path since Apr 2022, dividends reinvested.

Index, not taka.

See the numbers behind this chart
Month-by-month total-return index for UCB Taqwa Growth Fund, dividends reinvested
MonthTotal-return index
Apr 2022100.00
May 202299.70
Jun 202299.90
Jul 202299.50
Aug 2022100.10
Sep 2022100.90
Oct 2022101.00
Nov 2022101.20
Dec 2022101.80
Jan 2023101.90
Feb 2023102.00
Mar 2023102.40
Apr 2023100.00
May 2023100.10
Jun 2023100.40
Jul 2023100.40
Aug 2023100.80
Sep 2023100.90
Oct 2023104.00
Nov 2023104.20
Dec 2023104.50
Jan 2024105.40
Feb 2024103.80
Mar 2024101.00
Apr 2024100.00
May 202496.90
Jun 2024100.60
Jul 2024100.20
Aug 2024107.30
Sep 2024107.20
Oct 2024106.00
Nov 2024106.20
Dec 2024107.40
Jan 2025105.60
Feb 2025106.20
Mar 2025106.70
Apr 2025107.30
May 2025106.90
Jun 2025107.90
Jul 2025104.60
Aug 2025104.90
Sep 2025103.40
Oct 2025108.40
Nov 2025107.60
Dec 2025105.70
Jan 2026108.10
Feb 2026109.50
Mar 2026107.80
Apr 2026107.70
May 2026107.80
Jun 2026109.70
Jul 2026110.00
Aug 2026109.90
Sep 2026110.20

Latest NAV date: 3 Sep 2026.Source: UCB Asset Management Limited (UCB AML)'s website.Figures as of 2 Sep 2026.

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 period Total return Per year Monthly SIP /yr
6 months+2.13%+4.31%+4.17%
Year to date+4.25%+5.71%+3.76%
1 year+6.55%+6.55%+4.91%
2 years+2.78%+1.38%+2.94%
3 years+9.17%+2.97%+2.99%
Max (4.5 yrs)+10.15%+2.21%+2.58%

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

Figures as of 3 Sep 2026 Total return includes the fund’s cash dividends (about 7%/yr), reinvested by default.

Rolling returns & path risk

A single look-back can flatter or punish a start date. These figures walk the whole history.

Rolling window Latest Median Best Worst Windows
1 year+6.58%+1.92%+10.32%-3.54%42
3 years+2.98%+2.38%+3.09%+0.82%18

Each window is annualized total return (dividends reinvested). Latest is the most recent closed window; median / best / worst summarize every overlapping window of that length. Tap ? on a column header for a short tip.

Path risk over the same fixed 3-year window as the rating:

3.7%Downside deviation
-8%Worst drop
84%Positive 12-mo windows
7.1%Volatility (ann.)

Downside deviation only counts losing months. Worst drop is the deepest peak-to-trough fall inside the window. These are measured facts from the NAV series; the star composite that uses them stays experimental.

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 UCB Taqwa Growth Fund, dividends reinvested
MonthValue of ৳1,000
Apr 2022৳1,000
May 2022৳997
Jun 2022৳999
Jul 2022৳995
Aug 2022৳1,001
Sep 2022৳1,009
Oct 2022৳1,010
Nov 2022৳1,012
Dec 2022৳1,018
Jan 2023৳1,019
Feb 2023৳1,020
Mar 2023৳1,024
Apr 2023৳1,000
May 2023৳1,001
Jun 2023৳1,004
Jul 2023৳1,004
Aug 2023৳1,008
Sep 2023৳1,009
Oct 2023৳1,040
Nov 2023৳1,042
Dec 2023৳1,045
Jan 2024৳1,054
Feb 2024৳1,038
Mar 2024৳1,010
Apr 2024৳1,000
May 2024৳969
Jun 2024৳1,006
Jul 2024৳1,002
Aug 2024৳1,073
Sep 2024৳1,072
Oct 2024৳1,060
Nov 2024৳1,062
Dec 2024৳1,074
Jan 2025৳1,056
Feb 2025৳1,062
Mar 2025৳1,067
Apr 2025৳1,073
May 2025৳1,069
Jun 2025৳1,079
Jul 2025৳1,046
Aug 2025৳1,049
Sep 2025৳1,034
Oct 2025৳1,084
Nov 2025৳1,076
Dec 2025৳1,057
Jan 2026৳1,081
Feb 2026৳1,095
Mar 2026৳1,078
Apr 2026৳1,077
May 2026৳1,078
Jun 2026৳1,097
Jul 2026৳1,100
Aug 2026৳1,099
Sep 2026৳1,102
৳1,000 · Apr 2022৳1,102 · 3 Sep 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 Limited (UCB AML)
SponsorUnited Commercial Bank PLC
TrusteeSandhani Life Insurance Company
CustodianBRAC Bank
Face valueBDT 10 per unit

What UCB Taqwa Growth Fund holds

As of 30 Jun 2026

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

Asset mix
Government Sukuk 55.14%Listed equity 24.50%Cash at bank 15.31%FDR / term deposit 5.05%
Top holdings
Government Sukuk (BDS092701051)20.81%
Government Sukuk (BDS093302072)17.17%
Marico Bangladesh9.75%
avg cost ৳2,700.67 · stmt mkt ৳2,771.62
Government Sukuk (BDS093303072)9.36%
Grameenphone8.84%
avg cost ৳315.74 · stmt mkt ৳259.56
Government Sukuk (BDS093104058)7.80%
Renata5.91%
avg cost ৳829.35 · stmt mkt ৳455.80
Mutual Trust Bank FDR5.05%

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 65.93% of the fund.

What changed in the latest statement

31 Mar 2026 → 30 Jun 2026

+ Government Sukuk (BDS092701051) · new, 20.81%+ Government Sukuk (BDS093302072) · new, 17.17%+ Government Sukuk (BDS093303072) · new, 9.36%+ Government Sukuk (BDS093104058) · new, 7.80%+ Mutual Trust Bank FDR · new, 5.05%− 5Y IRIDP-3 Social Impact Sukuk · no longer held− IRIDPNFL Socio-Economic Dev. Sukuk · no longer held− Berger Paints Bangladesh · no longer held− Robi Axiata · no longer held

Asset mix: Listed equity 38.49% → 24.50%; Cash at bank 1.41% → 15.31%; FDR / term deposit 20.85% → 5.05%; Government Sukuk is new (55.14%); Sukuk / Islamic securities exited (was 39.25%).

Its 5 largest holdings went from 66.67% to 65.93% 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 (30 Jun 2026). Holdings are disclosed quarterly, so they can lag the latest daily NAV.

Side by side with another fund

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 Limited (UCB AML). You buy and redeem units at its published net asset value (NAV), and it has no fixed maturity.

What is the historical return of UCB Taqwa Growth Fund?
Over roughly 4.5 years to 3 Sep 2026, UCB Taqwa Growth Fund returned about +2.21% 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

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

3 of 59th of 16 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)
+3.10%
Downside deviation
3.7%
Worst drop
-8%
Consistency
84%
Versus the market (DSEX)

Beta 0.15 · has moved largely independently of the DSEX market index (low correlation: it explains only about 12% 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.