VIPB Growth 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.
Growth✓ AMC-Verified+ dividends

VIPB Growth Fund returned 7.81% 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, managed by VIPB Asset Management Company Limited (VIPB AMCL). Tracked since Mar 2018, with dividends reinvested by default or taken as cash.

৳13.19NAV per unit
৳19 crFund size
8.6 yrsSince Mar 2018
+6.05%Per year, since launch
Start 100Now 165

Total-return path since Mar 2018, dividends reinvested.

Index, not taka.

See the numbers behind this chart
Month-by-month total-return index for VIPB Growth Fund, dividends reinvested
MonthTotal-return index
Mar 2018100.00
Apr 2018101.90
May 201898.30
Jun 201897.30
Jul 201893.00
Aug 201897.00
Sep 201893.50
Oct 201893.30
Nov 201895.10
Dec 201896.40
Jan 2019101.10
Feb 2019101.40
Mar 2019101.70
Apr 201999.50
May 201998.80
Jun 2019101.30
Jul 2019102.00
Aug 201998.40
Sep 2019100.60
Oct 201996.30
Nov 201994.90
Dec 201992.30
Jan 202089.10
Feb 202088.70
Mar 202081.90
Apr 202081.90
May 202081.90
Jun 202082.40
Jul 202084.60
Aug 202094.70
Sep 202098.20
Oct 202096.60
Nov 202097.50
Dec 2020107.30
Jan 2021118.50
Feb 2021112.80
Mar 2021112.20
Apr 2021114.70
May 2021120.50
Jun 2021121.20
Jul 2021125.00
Aug 2021127.40
Sep 2021132.20
Oct 2021127.00
Nov 2021129.50
Dec 2021130.70
Jan 2022133.40
Feb 2022133.50
Mar 2022130.90
Apr 2022131.00
May 2022126.60
Jun 2022128.80
Jul 2022126.10
Aug 2022128.20
Sep 2022127.50
Oct 2022126.90
Nov 2022127.10
Dec 2022127.50
Jan 2023127.40
Feb 2023127.40
Mar 2023128.20
Apr 2023128.40
May 2023128.90
Jun 2023129.60
Jul 2023129.70
Aug 2023131.40
Sep 2023130.10
Oct 2023130.30
Nov 2023130.10
Dec 2023130.80
Jan 2024134.00
Feb 2024130.70
Mar 2024124.20
Apr 2024121.00
May 2024115.00
Jun 2024122.80
Jul 2024123.60
Aug 2024137.60
Sep 2024137.50
Oct 2024133.30
Nov 2024132.70
Dec 2024134.00
Jan 2025135.70
Feb 2025140.60
Mar 2025136.20
Apr 2025134.60
May 2025133.60
Jun 2025137.00
Jul 2025156.30
Aug 2025157.10
Sep 2025155.70
Oct 2025151.40
Nov 2025151.00
Dec 2025148.00
Jan 2026157.90
Feb 2026168.70
Mar 2026154.30
Apr 2026158.90
May 2026161.20
Jun 2026164.40
Jul 2026164.30
Aug 2026164.20
Sep 2026164.80

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+6.07%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+6.05%/yr · dividends reinvested · since launch · dated pay dates

A ৳1,00,000 investment held over since launch would be worth about ৳1,64,800 with dividends reinvested, or ৳1,57,900 taking every dividend as cash. Reinvesting compounds, so it ends higher; the gap (about ৳6,900) 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+1.85%+3.71%+8.00%
Year to date+10.32%+15.77%+8.01%
1 year+4.92%+4.84%+8.30%
2 years+19.74%+9.36%+11.06%
3 years+25.39%+7.81%+10.89%
5 years+28.84%+5.20%+7.85%
Max (8.6 yrs)+64.80%+6.05%+7.70%

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+5.84%+3.22%+47.75%-19.47%91
3 years+8.20%+7.71%+16.32%-1.55%67

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:

7.5%Downside deviation
-14%Worst drop
96%Positive 12-mo windows
14.8%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 Growth Fund, dividends reinvested
MonthValue of ৳1,000
Mar 2018৳1,000
Apr 2018৳1,019
May 2018৳983
Jun 2018৳973
Jul 2018৳930
Aug 2018৳970
Sep 2018৳935
Oct 2018৳933
Nov 2018৳951
Dec 2018৳964
Jan 2019৳1,011
Feb 2019৳1,014
Mar 2019৳1,017
Apr 2019৳995
May 2019৳988
Jun 2019৳1,013
Jul 2019৳1,020
Aug 2019৳984
Sep 2019৳1,006
Oct 2019৳963
Nov 2019৳949
Dec 2019৳923
Jan 2020৳891
Feb 2020৳887
Mar 2020৳819
Apr 2020৳819
May 2020৳819
Jun 2020৳824
Jul 2020৳846
Aug 2020৳947
Sep 2020৳982
Oct 2020৳966
Nov 2020৳975
Dec 2020৳1,073
Jan 2021৳1,185
Feb 2021৳1,128
Mar 2021৳1,122
Apr 2021৳1,147
May 2021৳1,205
Jun 2021৳1,212
Jul 2021৳1,250
Aug 2021৳1,274
Sep 2021৳1,322
Oct 2021৳1,270
Nov 2021৳1,295
Dec 2021৳1,307
Jan 2022৳1,334
Feb 2022৳1,335
Mar 2022৳1,309
Apr 2022৳1,310
May 2022৳1,266
Jun 2022৳1,288
Jul 2022৳1,261
Aug 2022৳1,282
Sep 2022৳1,275
Oct 2022৳1,269
Nov 2022৳1,271
Dec 2022৳1,275
Jan 2023৳1,274
Feb 2023৳1,274
Mar 2023৳1,282
Apr 2023৳1,284
May 2023৳1,289
Jun 2023৳1,296
Jul 2023৳1,297
Aug 2023৳1,314
Sep 2023৳1,301
Oct 2023৳1,303
Nov 2023৳1,301
Dec 2023৳1,308
Jan 2024৳1,340
Feb 2024৳1,307
Mar 2024৳1,242
Apr 2024৳1,210
May 2024৳1,150
Jun 2024৳1,228
Jul 2024৳1,236
Aug 2024৳1,376
Sep 2024৳1,375
Oct 2024৳1,333
Nov 2024৳1,327
Dec 2024৳1,340
Jan 2025৳1,357
Feb 2025৳1,406
Mar 2025৳1,362
Apr 2025৳1,346
May 2025৳1,336
Jun 2025৳1,370
Jul 2025৳1,563
Aug 2025৳1,571
Sep 2025৳1,557
Oct 2025৳1,514
Nov 2025৳1,510
Dec 2025৳1,480
Jan 2026৳1,579
Feb 2026৳1,687
Mar 2026৳1,543
Apr 2026৳1,589
May 2026৳1,612
Jun 2026৳1,644
Jul 2026৳1,643
Aug 2026৳1,642
Sep 2026৳1,648
৳1,000 · Mar 2018৳1,648 · 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 Growth Fund holds

As of 30 Jun 2026

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

Asset mix
Common stock 63.83%Corporate subordinated bonds 16.94%Government treasury bonds 12.54%Preference shares 5.29%Cash & equivalents 1.39%Corporate bond (listed) 0.00%
Top holdings
BRAC Bank14.31%
avg cost ৳40.74 · stmt mkt ৳65.50
Marico Bangladesh11.42%
avg cost ৳2,169.07 · stmt mkt ৳2,770.86
Prime Bank9.38%
avg cost ৳27.15 · stmt mkt ৳30.00
Square Pharmaceuticals8.41%
avg cost ৳238.09 · stmt mkt ৳223.95
Eastern Bank8.30%
avg cost ৳25.92 · stmt mkt ৳24.90
Berger Paints Bangladesh7.73%
avg cost ৳1,303.42 · stmt mkt ৳1,427.75
Government treasury securities (BD0939371151)7.55%
Renata preference shares5.29%
avg cost ৳1,900.03 · stmt mkt ৳1,900.03
BRAC Bank 2nd subordinated bond4.46%
City Bank subordinated bonds4.46%
Jamuna Bank subordinated bonds4.01%
Trust Bank subordinated bonds4.01%
Government treasury securities (BD0945081208)3.33%
Renata2.08%
avg cost ৳422.14 · stmt mkt ৳456.42
BSRM Steel1.35%
avg cost ৳71.41 · stmt mkt ৳86.55
Government treasury securities (BD0942241201)0.99%
Jamuna Bank0.86%
avg cost ৳24.12 · stmt mkt ৳24.00
Government treasury securities (BD0945081208 (lot 2))0.66%

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 51.82% of the fund.

What changed in the latest statement

31 Mar 2026 → 30 Jun 2026before now

+ Government treasury securities (BD0939371151) · new, 7.55%+ City Bank subordinated bonds · new, 4.46%+ Jamuna Bank subordinated bonds · new, 4.01%+ Trust Bank subordinated bonds · new, 4.01%+ Government treasury securities (BD0945081208) · new, 3.33%+ Renata · new, 2.08%+ BSRM Steel · new, 1.35%+ Government treasury securities (BD0942241201) · new, 0.99%+ Jamuna Bank · new, 0.86%+ Government treasury securities (BD0945081208 (lot 2)) · new, 0.66%− 15Y government treasury bond · no longer held− Grameenphone · no longer held
Marico Bangladesh15.43% → 11.42%
Square Pharmaceuticals11.24% → 8.41%
Berger Paints Bangladesh9.97% → 7.73%
Eastern Bank9.32% → 8.30%

Asset mix: Common stock 78.21% → 63.83%; Corporate subordinated bonds 5.39% → 16.94%; Government treasury bonds 9.27% → 12.54%; Corporate bond (listed) is new (0.00%).

Its 5 largest holdings went from 60.20% to 51.82% 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 Growth Fund

What kind of fund is VIPB Growth Fund?
VIPB Growth Fund is an open-end growth 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 Growth Fund?
Over roughly 8.6 years to 3 Sep 2026, VIPB Growth Fund returned about +6.05% 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 Growth Fund?
VIPB 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 VIPB Growth Fund have an exit load?
Buy/sell spread 3% (up to 5%) of sale price.

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

Compare VIPB 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 58th 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.

5-year rating: 3 of 5 over the same fixed 5-year window (4th of 14).

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)
+8.20%
Downside deviation
7.5%
Worst drop
-14%
Consistency
96%
Versus the market (DSEX)

Beta 0.68 · historically moved about 0.68% for each 1% move in the DSEX market index. DSEX explains roughly 69% of its month-to-month swings.

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