VIPB NLI 1st Unit 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 NLI 1st Unit Fund returned 6.95% 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 Feb 2012, with dividends reinvested by default or taken as cash.

৳11.33NAV per unit
৳53 crFund size
14.7 yrsSince Feb 2012
+9.64%Per year, since launch
Start 100Now 376

Total-return path since Feb 2012, dividends reinvested.

Index, not taka.

See the numbers behind this chart
Month-by-month total-return index for VIPB NLI 1st Unit Fund, dividends reinvested
MonthTotal-return index
Feb 2012100.00
Mar 2012103.10
Apr 2012106.00
May 2012106.00
Jun 2012106.40
Jul 2012105.80
Aug 2012108.50
Sep 2012109.70
Oct 2012110.70
Nov 2012110.90
Dec 2012112.10
Jan 2013114.10
Feb 2013113.70
Mar 2013115.50
Apr 2013115.80
May 2013118.40
Jun 2013120.10
Jul 2013120.80
Aug 2013111.40
Sep 2013111.50
Oct 2013112.10
Nov 2013114.10
Dec 2013114.70
Jan 2014117.50
Feb 2014118.70
Mar 2014120.60
Apr 2014122.50
May 2014123.00
Jun 2014124.60
Jul 2014151.00
Aug 2014138.40
Sep 2014144.50
Oct 2014149.60
Nov 2014147.70
Dec 2014149.30
Jan 2015150.50
Feb 2015151.80
Mar 2015151.10
Apr 2015145.20
May 2015151.40
Jun 2015153.90
Jul 2015178.30
Aug 2015179.20
Sep 2015165.30
Oct 2015171.60
Nov 2015172.20
Dec 2015170.60
Jan 2016172.10
Feb 2016171.90
Mar 2016164.00
Apr 2016165.70
May 2016172.00
Jun 2016186.20
Jul 2016208.30
Aug 2016189.30
Sep 2016199.30
Oct 2016198.40
Nov 2016203.10
Dec 2016204.10
Jan 2017214.70
Feb 2017216.20
Mar 2017221.50
Apr 2017223.20
May 2017222.90
Jun 2017232.50
Jul 2017261.40
Aug 2017243.30
Sep 2017248.90
Oct 2017256.10
Nov 2017270.00
Dec 2017269.70
Jan 2018274.20
Feb 2018264.80
Mar 2018260.80
Apr 2018265.60
May 2018255.30
Jun 2018253.30
Jul 2018262.50
Aug 2018250.20
Sep 2018240.20
Oct 2018238.70
Nov 2018242.60
Dec 2018246.70
Jan 2019259.30
Feb 2019259.40
Mar 2019259.90
Apr 2019254.50
May 2019251.80
Jun 2019257.90
Jul 2019281.90
Aug 2019248.10
Sep 2019253.60
Oct 2019242.40
Nov 2019239.20
Dec 2019231.70
Jan 2020225.00
Feb 2020222.60
Mar 2020204.70
Apr 2020204.70
May 2020204.70
Jun 2020206.40
Jul 2020222.10
Aug 2020252.50
Sep 2020249.40
Oct 2020245.80
Nov 2020247.70
Dec 2020264.40
Jan 2021287.90
Feb 2021274.30
Mar 2021272.30
Apr 2021278.90
May 2021293.30
Jun 2021295.10
Jul 2021337.30
Aug 2021342.00
Sep 2021316.90
Oct 2021302.40
Nov 2021305.60
Dec 2021310.50
Jan 2022316.30
Feb 2022319.90
Mar 2022319.90
Apr 2022319.90
May 2022319.90
Jun 2022319.90
Jul 2022319.90
Aug 2022319.90
Sep 2022299.10
Oct 2022297.50
Nov 2022297.80
Dec 2022299.80
Jan 2023300.10
Feb 2023299.10
Mar 2023299.40
Apr 2023300.10
May 2023301.40
Jun 2023302.60
Jul 2023303.30
Aug 2023306.80
Sep 2023303.90
Oct 2023304.60
Nov 2023304.20
Dec 2023305.80
Jan 2024313.50
Feb 2024306.50
Mar 2024291.40
Apr 2024283.80
May 2024271.00
Jun 2024288.20
Jul 2024290.80
Aug 2024327.30
Sep 2024326.60
Oct 2024315.40
Nov 2024313.80
Dec 2024317.00
Jan 2025321.20
Feb 2025332.70
Mar 2025322.20
Apr 2025317.70
May 2025315.80
Jun 2025324.10
Jul 2025368.90
Aug 2025370.90
Sep 2025368.50
Oct 2025358.90
Nov 2025358.60
Dec 2025351.30
Jan 2026375.80
Feb 2026400.70
Mar 2026364.90
Apr 2026377.50
May 2026382.80
Jun 2026388.80
Jul 2026374.80
Aug 2026374.20
Sep 2026375.50

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+11.87%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+9.64%/yr · dividends reinvested · since launch · dated pay dates

A ৳1,00,000 investment held over since launch would be worth about ৳3,80,870 with dividends reinvested, or ৳3,05,550 taking every dividend as cash. Reinvesting compounds, so it ends higher; the gap (about ৳75,320) 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-2.33%-4.57%-1.37%
Year to date+5.99%+9.06%-0.50%
1 year+1.25%+1.23%+1.44%
2 years+14.73%+7.07%+7.40%
3 years+22.39%+6.95%+8.56%
5 years+23.05%+4.23%+6.58%
Max (14.7 yrs)+280.87%+9.64%+7.79%

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+1.90%+10.57%+51.87%-21.24%164
3 years+7.31%+8.36%+23.11%-5.29%140

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:

7.9%Downside deviation
-14%Worst drop
96%Positive 12-mo windows
15.3%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 NLI 1st Unit Fund, dividends reinvested
MonthValue of ৳1,000
Feb 2012৳1,000
Mar 2012৳1,031
Apr 2012৳1,060
May 2012৳1,060
Jun 2012৳1,064
Jul 2012৳1,058
Aug 2012৳1,085
Sep 2012৳1,097
Oct 2012৳1,107
Nov 2012৳1,109
Dec 2012৳1,121
Jan 2013৳1,141
Feb 2013৳1,137
Mar 2013৳1,155
Apr 2013৳1,158
May 2013৳1,184
Jun 2013৳1,201
Jul 2013৳1,208
Aug 2013৳1,114
Sep 2013৳1,115
Oct 2013৳1,121
Nov 2013৳1,141
Dec 2013৳1,147
Jan 2014৳1,175
Feb 2014৳1,187
Mar 2014৳1,206
Apr 2014৳1,225
May 2014৳1,230
Jun 2014৳1,246
Jul 2014৳1,510
Aug 2014৳1,384
Sep 2014৳1,445
Oct 2014৳1,496
Nov 2014৳1,477
Dec 2014৳1,493
Jan 2015৳1,505
Feb 2015৳1,518
Mar 2015৳1,511
Apr 2015৳1,452
May 2015৳1,514
Jun 2015৳1,539
Jul 2015৳1,783
Aug 2015৳1,792
Sep 2015৳1,653
Oct 2015৳1,716
Nov 2015৳1,722
Dec 2015৳1,706
Jan 2016৳1,721
Feb 2016৳1,719
Mar 2016৳1,640
Apr 2016৳1,657
May 2016৳1,720
Jun 2016৳1,862
Jul 2016৳2,083
Aug 2016৳1,893
Sep 2016৳1,993
Oct 2016৳1,984
Nov 2016৳2,031
Dec 2016৳2,041
Jan 2017৳2,147
Feb 2017৳2,162
Mar 2017৳2,215
Apr 2017৳2,232
May 2017৳2,229
Jun 2017৳2,325
Jul 2017৳2,614
Aug 2017৳2,433
Sep 2017৳2,489
Oct 2017৳2,561
Nov 2017৳2,700
Dec 2017৳2,697
Jan 2018৳2,742
Feb 2018৳2,648
Mar 2018৳2,608
Apr 2018৳2,656
May 2018৳2,553
Jun 2018৳2,533
Jul 2018৳2,625
Aug 2018৳2,502
Sep 2018৳2,402
Oct 2018৳2,387
Nov 2018৳2,426
Dec 2018৳2,467
Jan 2019৳2,593
Feb 2019৳2,594
Mar 2019৳2,599
Apr 2019৳2,545
May 2019৳2,518
Jun 2019৳2,579
Jul 2019৳2,819
Aug 2019৳2,481
Sep 2019৳2,536
Oct 2019৳2,424
Nov 2019৳2,392
Dec 2019৳2,317
Jan 2020৳2,250
Feb 2020৳2,226
Mar 2020৳2,047
Apr 2020৳2,047
May 2020৳2,047
Jun 2020৳2,064
Jul 2020৳2,221
Aug 2020৳2,525
Sep 2020৳2,494
Oct 2020৳2,458
Nov 2020৳2,477
Dec 2020৳2,644
Jan 2021৳2,879
Feb 2021৳2,743
Mar 2021৳2,723
Apr 2021৳2,789
May 2021৳2,933
Jun 2021৳2,951
Jul 2021৳3,373
Aug 2021৳3,420
Sep 2021৳3,169
Oct 2021৳3,024
Nov 2021৳3,056
Dec 2021৳3,105
Jan 2022৳3,163
Feb 2022৳3,199
Mar 2022৳3,199
Apr 2022৳3,199
May 2022৳3,199
Jun 2022৳3,199
Jul 2022৳3,199
Aug 2022৳3,199
Sep 2022৳2,991
Oct 2022৳2,975
Nov 2022৳2,978
Dec 2022৳2,998
Jan 2023৳3,001
Feb 2023৳2,991
Mar 2023৳2,994
Apr 2023৳3,001
May 2023৳3,014
Jun 2023৳3,026
Jul 2023৳3,033
Aug 2023৳3,068
Sep 2023৳3,039
Oct 2023৳3,046
Nov 2023৳3,042
Dec 2023৳3,058
Jan 2024৳3,135
Feb 2024৳3,065
Mar 2024৳2,914
Apr 2024৳2,838
May 2024৳2,710
Jun 2024৳2,882
Jul 2024৳2,908
Aug 2024৳3,273
Sep 2024৳3,266
Oct 2024৳3,154
Nov 2024৳3,138
Dec 2024৳3,170
Jan 2025৳3,212
Feb 2025৳3,327
Mar 2025৳3,222
Apr 2025৳3,177
May 2025৳3,158
Jun 2025৳3,241
Jul 2025৳3,689
Aug 2025৳3,709
Sep 2025৳3,685
Oct 2025৳3,589
Nov 2025৳3,586
Dec 2025৳3,513
Jan 2026৳3,758
Feb 2026৳4,007
Mar 2026৳3,649
Apr 2026৳3,775
May 2026৳3,828
Jun 2026৳3,888
Jul 2026৳3,748
Aug 2026৳3,742
Sep 2026৳3,755
৳1,000 · Feb 2012৳3,755 · 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 up to 1% of NAV
Minimum investmentBDT 20,000 individual / BDT 50,000 institution
LiquidityOpen-end, redeemable weekly at NAV
Asset managerVIPB Asset Management Company Limited (VIPB AMCL)
SponsorNational Life Insurance
TrusteeInvestment Corporation of Bangladesh (ICB)
CustodianInvestment Corporation of Bangladesh (ICB)
Face valueBDT 10 per unit

What VIPB NLI 1st Unit Fund holds

As of 30 Jun 2026

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

Asset mix
Common stock 64.16%Listed mutual funds 0.68%Preference shares 6.63%Corporate subordinated bonds 14.97%Government treasury bonds 9.23%Cash & equivalents 4.34%
Top holdings
BRAC Bank16.45%
avg cost ৳35.98 · stmt mkt ৳65.50
Marico Bangladesh10.21%
avg cost ৳2,436.27 · stmt mkt ৳2,771.03
Prime Bank9.86%
avg cost ৳26.89 · stmt mkt ৳30.00
Square Pharmaceuticals8.74%
avg cost ৳229.90 · stmt mkt ৳224.00
Berger Paints Bangladesh7.87%
avg cost ৳1,381.95 · stmt mkt ৳1,427.81
BRAC Bank 2nd subordinated bond7.57%
Eastern Bank7.56%
avg cost ৳25.92 · stmt mkt ৳24.90
Renata preference shares6.63%
avg cost ৳1,899.88 · stmt mkt ৳1,899.88
Jamuna Bank subordinated bonds2.92%
Government treasury securities (BD0945081208)2.83%
City Bank subordinated bonds2.58%
Trust Bank subordinated bonds1.89%
Renata1.84%
avg cost ৳429.60 · stmt mkt ৳455.98
Government treasury securities (BD0939371151)1.55%
Government treasury securities (BD0945081208 (lot 2))1.46%
Jamuna Bank1.24%
avg cost ৳24.13 · stmt mkt ৳24.00
Government treasury securities (BD0944051202)1.03%
Government treasury securities (BD0945461202)0.99%
Government treasury securities (BD0942241201)0.77%
Government treasury securities (BD0945461202 (lot 2))0.60%
LR Global 1st Unit Fund0.47%
avg cost ৳3.40 · stmt mkt ৳3.50
MBL 1st Unit Fund0.21%
avg cost ৳4.10 · stmt mkt ৳4.10
BSRM Steels0.20%
avg cost ৳68.23 · stmt mkt ৳86.38
APSCL bond0.18%

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 53.13% of the fund.

What changed in the latest statement

31 Mar 2026 → 30 Jun 2026before now

+ Jamuna Bank subordinated bonds · new, 2.92%+ Government treasury securities (BD0945081208) · new, 2.83%+ City Bank subordinated bonds · new, 2.58%+ Trust Bank subordinated bonds · new, 1.89%+ Renata · new, 1.84%+ Government treasury securities (BD0939371151) · new, 1.55%+ Government treasury securities (BD0945081208 (lot 2)) · new, 1.46%+ Jamuna Bank · new, 1.24%+ Government treasury securities (BD0944051202) · new, 1.03%+ Government treasury securities (BD0945461202) · new, 0.99%+ Government treasury securities (BD0942241201) · new, 0.77%+ Government treasury securities (BD0945461202 (lot 2)) · new, 0.60%+ LR Global 1st Unit Fund · new, 0.47%+ MBL 1st Unit Fund · new, 0.21%+ BSRM Steels · new, 0.20%+ APSCL bond · new, 0.18%− Grameenphone · no longer held− 20Y government treasury bond · no longer held
Square Pharmaceuticals12.72% → 8.74%
Marico Bangladesh13.97% → 10.21%
Prime Bank11.91% → 9.86%
Berger Paints Bangladesh9.11% → 7.87%
BRAC Bank15.43% → 16.45%

Asset mix: Common stock 78.99% → 64.16%; Corporate subordinated bonds 7.28% → 14.97%; Government treasury bonds 5.13% → 9.23%; Cash & equivalents 1.35% → 4.34%; Listed mutual funds is new (0.68%); Corporate bond (listed) exited (was 0.24%).

Its 5 largest holdings went from 63.14% to 53.13% 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 NLI 1st Unit Fund

What kind of fund is VIPB NLI 1st Unit Fund?
VIPB NLI 1st Unit 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 NLI 1st Unit Fund?
Over roughly 14.7 years to 3 Sep 2026, VIPB NLI 1st Unit Fund returned about +9.64% 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 NLI 1st Unit Fund?
VIPB NLI 1st Unit 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 NLI 1st Unit Fund have an exit load?
Buy/sell spread up to 1% of NAV.

What is the minimum investment for VIPB NLI 1st Unit Fund?
VIPB NLI 1st Unit 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 NLI 1st Unit Fund Shariah-compliant?
No. VIPB NLI 1st Unit Fund is a conventional open-end fund, not Shariah-certified. ReturnKoto? has a one-tap filter to show only Shariah funds.

Compare VIPB NLI 1st Unit 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 510th 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: 2 of 5 over the same fixed 5-year window (12th 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)
+7.30%
Downside deviation
7.9%
Worst drop
-14%
Consistency
96%
Versus the market (DSEX)

Beta 0.64 · historically moved about 0.64% for each 1% move in the DSEX market index. DSEX explains roughly 43% of its month-to-month swings.

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