VIPB Fixed Income 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.
Income✓ AMC-Verified+ dividends

VIPB Fixed Income Fund returned 20.08% a year since launch, over 2.1 years, with cash dividends reinvested, based on NAV history through 2 Sep 2026.

Open-end income mutual fund in Bangladesh, managed by VIPB Asset Management Company Limited (VIPB AMCL). Tracked since Sep 2024, with dividends reinvested by default or taken as cash.

৳13.82NAV per unit
৳30 crFund size
2.1 yrsSince Sep 2024
+20.08%Per year, since launch
Start 100Now 143

Total-return path since Sep 2024, dividends reinvested.

Index, not taka.

See the numbers behind this chart
Month-by-month total-return index for VIPB Fixed Income Fund, dividends reinvested
MonthTotal-return index
Sep 2024100.00
Oct 202499.70
Nov 202499.90
Dec 2024101.30
Jan 2025105.30
Feb 2025113.50
Mar 2025106.80
Apr 2025106.40
May 2025108.10
Jun 2025109.00
Jul 2025123.10
Aug 2025125.40
Sep 2025128.00
Oct 2025125.10
Nov 2025123.80
Dec 2025122.20
Jan 2026128.80
Feb 2026133.70
Mar 2026130.20
Apr 2026129.10
May 2026130.90
Jun 2026136.10
Jul 2026136.60
Aug 2026142.70
Sep 2026143.00

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+20.19%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+20.08%/yr · dividends reinvested · since launch · dated pay dates

A ৳1,00,000 investment held over since launch would be worth about ৳1,44,010 with dividends reinvested, or ৳1,43,200 taking every dividend as cash. Reinvesting compounds, so it ends higher; the gap (about ৳810) 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+8.22%+16.98%+24.46%
Year to date+16.33%+25.30%+20.89%
1 year+14.03%+13.79%+18.39%
2 years+44.01%+20.08%+19.92%
Max (2.1 yrs)+44.01%+20.08%+18.35%

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+11.72%+21.33%+28.00%+10.97%13
3 yearsNeeds 3 years of history

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.

Track record too short for the fixed 3-year window (needs 36 closed months). Figures below use about 2.0 years of available history:

5.0%Downside deviation
-6%Worst drop
100%Positive 12-mo windows
12.8%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 Fixed Income Fund, dividends reinvested
MonthValue of ৳1,000
Sep 2024৳1,000
Oct 2024৳997
Nov 2024৳999
Dec 2024৳1,013
Jan 2025৳1,053
Feb 2025৳1,135
Mar 2025৳1,068
Apr 2025৳1,064
May 2025৳1,081
Jun 2025৳1,090
Jul 2025৳1,231
Aug 2025৳1,254
Sep 2025৳1,280
Oct 2025৳1,251
Nov 2025৳1,238
Dec 2025৳1,222
Jan 2026৳1,288
Feb 2026৳1,337
Mar 2026৳1,302
Apr 2026৳1,291
May 2026৳1,309
Jun 2026৳1,361
Jul 2026৳1,366
Aug 2026৳1,427
Sep 2026৳1,430
৳1,000 · Sep 2024৳1,430 · 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)
Fee vs peersStated headline among 7 Income funds ReturnKoto? tracks: 0.70% to 2.50%. This fund’s stated headline is 2.50%. 3 peers state a lower headline. This is the management fee line from each prospectus, not a full expense ratio (TER).
Early-exit fee1% exit load within 3 months; zero thereafter
Minimum investmentBDT 20,000 individual / BDT 50,000 institution
LiquidityOpen-end, redeemable on all working days at NAV
Asset managerVIPB Asset Management Company Limited (VIPB AMCL)
SponsorVIPB Asset Management Company Limited (VIPB AMCL)
TrusteeSandhani Life Insurance Co. Ltd
CustodianBRAC Bank
Face valueBDT 10 per unit

What VIPB Fixed Income Fund holds

As of 30 Jun 2026

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

Asset mix
Government treasury bonds 49.24%Corporate subordinated bonds 34.40%Common stock 9.51%Preference shares 3.86%Cash & equivalents 2.98%
Largest holdings
Government treasury securities (BD0945081208 (lot 2))13.78%
Government treasury securities (BD0939371151)12.02%
City Bank subordinated bonds9.22%
Jamuna Bank subordinated bonds9.22%
Trust Bank subordinated bonds9.22%
Government treasury securities (BD0945461202)8.20%
BRAC Bank 2nd subordinated bond6.74%
Government treasury securities (BD0939371151 (lot 3))6.41%
Renata preference shares3.86%
avg cost ৳1,900.10 · stmt mkt ৳1,900.10
Government treasury securities (BD0945081208)3.53%
Square Pharmaceuticals3.36%
avg cost ৳218.59 · stmt mkt ৳224.03
BRAC Bank3.30%
avg cost ৳54.81 · stmt mkt ৳65.53
Marico Bangladesh2.86%
avg cost ৳2,732.28 · stmt mkt ৳2,770.13
Government treasury securities (BD0943281206)2.51%
Government treasury securities (BD0939371151 (lot 2))1.52%
Government treasury securities (BD0942241201)0.63%
Government treasury securities (BD0945081208 (lot 3))0.63%

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.

What changed in the latest statement

31 Mar 2026 → 30 Jun 2026before now

+ Government treasury securities (BD0945081208 (lot 2)) · new, 13.78%+ Government treasury securities (BD0939371151) · new, 12.02%+ City Bank subordinated bonds · new, 9.22%+ Government treasury securities (BD0945461202) · new, 8.20%+ Government treasury securities (BD0939371151 (lot 3)) · new, 6.41%+ Government treasury securities (BD0945081208) · new, 3.53%+ Marico Bangladesh · new, 2.86%+ Government treasury securities (BD0943281206) · new, 2.51%+ Government treasury securities (BD0939371151 (lot 2)) · new, 1.52%+ Government treasury securities (BD0942241201) · new, 0.63%+ Government treasury securities (BD0945081208 (lot 3)) · new, 0.63%− Government treasury bonds (15Y & 20Y) · no longer held− Prime Bank · no longer held
Square Pharmaceuticals7.88% → 3.36%
BRAC Bank6.89% → 3.30%

Asset mix: Government treasury bonds 51.74% → 49.24%; Corporate subordinated bonds 24.43% → 34.40%; Common stock 19.30% → 9.51%; Cash & equivalents 0.02% → 2.98%.

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 Fixed Income Fund

What kind of fund is VIPB Fixed Income Fund?
VIPB Fixed Income Fund is an open-end income 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 Fixed Income Fund?
Over roughly 2.1 years to 3 Sep 2026, VIPB Fixed Income Fund returned about +20.08% 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 Fixed Income Fund?
VIPB Fixed Income 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 Fixed Income Fund have an exit load?
1% exit load within 3 months; zero thereafter.

What is the minimum investment for VIPB Fixed Income Fund?
VIPB Fixed Income 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 Fixed Income Fund Shariah-compliant?
No. VIPB Fixed Income Fund is a conventional open-end fund, not Shariah-certified. ReturnKoto? has a one-tap filter to show only Shariah funds.

Compare VIPB Fixed Income 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.

Not yet rated

A rating needs at least three years of history; this fund has about 2.1. The figures below are still measured from its NAVs.

Return / year
n/a
Downside deviation
n/a
Worst drop
n/a
Consistency
n/a

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