VIPB Balanced Fund

Confirmed with VIPB Asset Management Company Limited (VIPB AMCL) through official channels and shared records. ReturnKoto? and the AMC share an understanding of the figures on this page.
Balanced✓ AMC-Verified+ dividends

VIPB Balanced Fund returned 8.89% a year over the last 3 years, with cash dividends reinvested, based on NAV history through 2 Sep 2026.

Open-end balanced mutual fund in Bangladesh, managed by VIPB Asset Management Company Limited (VIPB AMCL). Tracked since Dec 2020, with dividends reinvested by default or taken as cash.

৳13.06NAV per unit
৳11 crFund size
5.8 yrsSince Dec 2020
+8.73%Per year, since launch
Start 100Now 158

Total-return path since Dec 2020, dividends reinvested.

Index, not taka.

See the numbers behind this chart
Month-by-month total-return index for VIPB Balanced Fund, dividends reinvested
MonthTotal-return index
Dec 2020100.00
Jan 2021106.60
Feb 2021102.90
Mar 2021102.70
Apr 2021105.50
May 2021110.40
Jun 2021111.20
Jul 2021114.90
Aug 2021117.00
Sep 2021121.30
Oct 2021116.60
Nov 2021118.80
Dec 2021120.70
Jan 2022122.90
Feb 2022123.30
Mar 2022120.40
Apr 2022120.70
May 2022116.20
Jun 2022118.50
Jul 2022116.00
Aug 2022118.40
Sep 2022117.90
Oct 2022117.20
Nov 2022117.90
Dec 2022118.40
Jan 2023118.50
Feb 2023118.80
Mar 2023118.90
Apr 2023119.10
May 2023120.00
Jun 2023120.40
Jul 2023120.90
Aug 2023122.40
Sep 2023121.00
Oct 2023121.30
Nov 2023120.90
Dec 2023121.50
Jan 2024124.60
Feb 2024121.60
Mar 2024116.00
Apr 2024112.70
May 2024107.40
Jun 2024114.80
Jul 2024115.80
Aug 2024131.80
Sep 2024131.70
Oct 2024127.60
Nov 2024126.70
Dec 2024127.80
Jan 2025130.00
Feb 2025134.30
Mar 2025130.40
Apr 2025128.20
May 2025127.30
Jun 2025130.90
Jul 2025149.90
Aug 2025150.20
Sep 2025148.90
Oct 2025144.80
Nov 2025144.50
Dec 2025141.60
Jan 2026151.90
Feb 2026162.30
Mar 2026149.30
Apr 2026153.80
May 2026156.20
Jun 2026158.40
Jul 2026158.10
Aug 2026157.70
Sep 2026158.20

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

Two sides of the coin

Same fund. Two honest answers.

Both are right; they answer different questions. On the left, every dividend is taken as cash the way many investors actually use them, which is VIPB’s since-inception money-weighted return (XIRR). On the right, every dividend is reinvested to buy more units, the total return of the fund itself.

VIPB method+8.93%This is the official since-inception XIRR that VIPB Asset Management Company Limited (VIPB AMCL) uses to share this fund’s performance: one unit at face value, each cash dividend taken out (not reinvested), and today’s NAV as the final payoff./yr · dividends taken as cash · since launch · to 3 Sep 2026
ReturnKoto? METHOD+8.73%/yr · dividends reinvested · since launch · dated pay dates

A ৳1,00,000 investment held over since launch would be worth about ৳1,61,290 with dividends reinvested, or ৳1,55,100 taking every dividend as cash. Reinvesting compounds, so it ends higher; the gap (about ৳6,190) is the cost of not reinvesting.

Why can both numbers be right? Seeing two different percentages for the same fund is normal, not a mistake. VIPB’s figure assumes each payout stayed in your hand (a cash-out, money-weighted XIRR). ReturnKoto? METHOD assumes every dividend went back into the fund (a reinvested, time-weighted total return). Both figures include the fund’s stock dividends and unit conversions, so nothing is left out; the difference is only whether dividends are reinvested or taken as cash, plus payout timing, how long you measure and the end date, any of which can tip either side higher. The Taken as cash toggle elsewhere on ReturnKoto? is our own time-weighted cash path for whatever period you pick; it is not the same rate as VIPB’s since-inception money-weighted XIRR on the left, even though both treat dividends as cash. VIPB has reviewed the fund data on this page, and neither figure is an error.

Read the full explanation · Methodology

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+1.16%+2.32%+5.95%
Year to date+10.70%+16.36%+7.06%
1 year+5.29%+5.21%+7.93%
2 years+20.00%+9.48%+11.32%
3 years+29.22%+8.89%+11.69%
5 years+34.75%+6.14%+8.79%
Max (5.8 yrs)+61.29%+8.73%+8.18%

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 Dividends reinvested at the fund manager’s published payment dates (not the October convention). The since-launch figure starts from the ৳10 face value paid at the fund’s inception, matching the asset manager’s own convention.

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+6.25%+5.19%+29.45%-10.50%58
3 years+9.35%+5.72%+10.96%-0.91%34

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:

7.2%Downside deviation
-14%Worst drop
96%Positive 12-mo windows
15.6%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 VIPB Balanced Fund, dividends reinvested
MonthValue of ৳1,000
Dec 2020৳1,000
Jan 2021৳1,066
Feb 2021৳1,029
Mar 2021৳1,027
Apr 2021৳1,055
May 2021৳1,104
Jun 2021৳1,112
Jul 2021৳1,149
Aug 2021৳1,170
Sep 2021৳1,213
Oct 2021৳1,166
Nov 2021৳1,188
Dec 2021৳1,207
Jan 2022৳1,229
Feb 2022৳1,233
Mar 2022৳1,204
Apr 2022৳1,207
May 2022৳1,162
Jun 2022৳1,185
Jul 2022৳1,160
Aug 2022৳1,184
Sep 2022৳1,179
Oct 2022৳1,172
Nov 2022৳1,179
Dec 2022৳1,184
Jan 2023৳1,185
Feb 2023৳1,188
Mar 2023৳1,189
Apr 2023৳1,191
May 2023৳1,200
Jun 2023৳1,204
Jul 2023৳1,209
Aug 2023৳1,224
Sep 2023৳1,210
Oct 2023৳1,213
Nov 2023৳1,209
Dec 2023৳1,215
Jan 2024৳1,246
Feb 2024৳1,216
Mar 2024৳1,160
Apr 2024৳1,127
May 2024৳1,074
Jun 2024৳1,148
Jul 2024৳1,158
Aug 2024৳1,318
Sep 2024৳1,317
Oct 2024৳1,276
Nov 2024৳1,267
Dec 2024৳1,278
Jan 2025৳1,300
Feb 2025৳1,343
Mar 2025৳1,304
Apr 2025৳1,282
May 2025৳1,273
Jun 2025৳1,309
Jul 2025৳1,499
Aug 2025৳1,502
Sep 2025৳1,489
Oct 2025৳1,448
Nov 2025৳1,445
Dec 2025৳1,416
Jan 2026৳1,519
Feb 2026৳1,623
Mar 2026৳1,493
Apr 2026৳1,538
May 2026৳1,562
Jun 2026৳1,584
Jul 2026৳1,581
Aug 2026৳1,577
Sep 2026৳1,582
৳1,000 · Dec 2020৳1,582 · 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 feeBuy/sell spread 3% (up to 5%) of sale price
Minimum investmentBDT 20,000 individual / BDT 50,000 institution
LiquidityOpen-end, redeemable weekly at NAV
Asset managerVIPB Asset Management Company Limited (VIPB AMCL)
SponsorVIPB Asset Management Company Limited (VIPB AMCL)
TrusteeSandhani Life Insurance
CustodianBRAC Bank
Face valueBDT 10 per unit

What VIPB Balanced Fund holds

As of 30 Jun 2026

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

Asset mix
Common stock 59.21%Corporate subordinated bonds 24.06%Government treasury bonds 8.90%Preference shares 5.54%Cash & equivalents 1.90%Corporate bond (listed) 0.39%
Top holdings
BRAC Bank15.33%
avg cost ৳37.57 · stmt mkt ৳65.49
Marico Bangladesh9.22%
avg cost ৳2,366.23 · stmt mkt ৳2,771.93
Square Pharmaceuticals9.17%
avg cost ৳213.54 · stmt mkt ৳224.04
Jamuna Bank subordinated bonds8.75%
Prime Bank8.28%
avg cost ৳27.39 · stmt mkt ৳30.01
Trust Bank subordinated bonds8.02%
Berger Paints Bangladesh7.44%
avg cost ৳1,275.35 · stmt mkt ৳1,427.77
Eastern Bank7.20%
avg cost ৳25.77 · stmt mkt ৳24.89
Renata preference shares5.54%
avg cost ৳1,900.00 · stmt mkt ৳1,900.00
Government treasury securities (BD0939371151)4.12%
BRAC Bank 2nd subordinated bond3.65%
City Bank subordinated bonds3.65%
Government treasury securities (BD0945081208)3.49%
Jamuna Bank1.57%
avg cost ৳24.22 · stmt mkt ৳24.00
Government treasury securities (BD0942241201)1.30%
Renata1.00%
avg cost ৳408.64 · stmt mkt ৳455.15
APSCL bond (listed)0.39%
avg cost ৳1,275.72 · stmt mkt ৳1,111.11

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 50.75% of the fund.

What changed in the latest statement

31 Mar 2026 → 30 Jun 2026before now

+ Government treasury securities (BD0939371151) · new, 4.12%+ BRAC Bank 2nd subordinated bond · new, 3.65%+ City Bank subordinated bonds · new, 3.65%+ Government treasury securities (BD0945081208) · new, 3.49%+ Jamuna Bank · new, 1.57%+ Government treasury securities (BD0942241201) · new, 1.30%+ Renata · new, 1.00%+ APSCL bond (listed) · new, 0.39%− Grameenphone · no longer held
Trust Bank subordinated bonds5.93% → 8.02%
Marico Bangladesh10.67% → 9.22%
Eastern Bank8.55% → 7.20%

Asset mix: Common stock 67.31% → 59.21%; Corporate subordinated bonds 18.64% → 24.06%; Government treasury bonds 6.20% → 8.90%; Cash & equivalents 0.82% → 1.90%.

Its 5 largest holdings went from 52.07% to 50.75% of the fund.

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

✓ Verified from VIPB 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 VIPB Balanced Fund

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

What is the historical return of VIPB Balanced Fund?
Over roughly 5.8 years to 3 Sep 2026, VIPB Balanced Fund returned about +8.73% 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 VIPB Balanced Fund?
VIPB Balanced 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 VIPB Balanced Fund have an exit load?
Buy/sell spread 3% (up to 5%) of sale price.

What is the minimum investment for VIPB Balanced Fund?
VIPB Balanced Fund has a one-time minimum of BDT 20,000 individual / BDT 50,000 institution and a monthly SIP from BDT 2,000/month.

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

Compare VIPB Balanced 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 53rd of 10 balanced 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 balanced funds.

5-year rating: 3 of 5 over the same fixed 5-year window (1st of 8).

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)
+9.40%
Downside deviation
7.2%
Worst drop
-14%
Consistency
96%
Versus the market (DSEX)

Beta 0.70 · historically moved about 0.70% for each 1% move in the DSEX market index. DSEX explains roughly 67% of its month-to-month swings.

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