VIPB SEBL 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 SEBL 1st Unit Fund returned 6.84% 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 May 2011, with dividends reinvested by default or taken as cash.

৳11.98NAV per unit
৳81 crFund size
15.4 yrsSince May 2011
+9.42%Per year, since launch
Start 100Now 378

Total-return path since May 2011, dividends reinvested.

Index, not taka.

See the numbers behind this chart
Month-by-month total-return index for VIPB SEBL 1st Unit Fund, dividends reinvested
MonthTotal-return index
May 2011100.00
Jun 2011101.20
Jul 2011102.40
Aug 2011102.90
Sep 2011103.40
Oct 2011104.40
Nov 2011105.60
Dec 2011106.00
Jan 2012105.50
Feb 2012106.10
Mar 2012109.00
Apr 2012111.40
May 2012109.90
Jun 2012111.30
Jul 2012111.70
Aug 2012112.60
Sep 2012104.20
Oct 2012104.80
Nov 2012114.70
Dec 2012115.20
Jan 2013117.10
Feb 2013116.10
Mar 2013118.30
Apr 2013119.30
May 2013122.50
Jun 2013123.90
Jul 2013124.60
Aug 2013114.70
Sep 2013115.20
Oct 2013116.10
Nov 2013117.50
Dec 2013118.20
Jan 2014120.60
Feb 2014122.20
Mar 2014124.90
Apr 2014126.40
May 2014126.90
Jun 2014128.50
Jul 2014129.10
Aug 2014118.80
Sep 2014124.40
Oct 2014129.60
Nov 2014153.80
Dec 2014155.60
Jan 2015156.90
Feb 2015157.50
Mar 2015155.60
Apr 2015147.80
May 2015156.00
Jun 2015158.30
Jul 2015166.90
Aug 2015166.30
Sep 2015153.30
Oct 2015158.10
Nov 2015174.10
Dec 2015172.40
Jan 2016174.30
Feb 2016174.60
Mar 2016167.50
Apr 2016169.00
May 2016175.30
Jun 2016187.80
Jul 2016191.40
Aug 2016173.80
Sep 2016182.70
Oct 2016181.90
Nov 2016204.60
Dec 2016205.70
Jan 2017216.00
Feb 2017217.40
Mar 2017222.60
Apr 2017224.20
May 2017224.00
Jun 2017233.40
Jul 2017241.10
Aug 2017225.00
Sep 2017230.30
Oct 2017237.00
Nov 2017270.20
Dec 2017269.70
Jan 2018274.40
Feb 2018264.90
Mar 2018260.90
Apr 2018265.40
May 2018255.00
Jun 2018253.00
Jul 2018240.20
Aug 2018228.20
Sep 2018219.80
Oct 2018218.20
Nov 2018243.20
Dec 2018247.80
Jan 2019260.00
Feb 2019260.20
Mar 2019260.80
Apr 2019255.50
May 2019252.70
Jun 2019259.10
Jul 2019261.00
Aug 2019230.20
Sep 2019257.70
Oct 2019246.30
Nov 2019243.10
Dec 2019234.80
Jan 2020228.20
Feb 2020225.80
Mar 2020207.80
Apr 2020207.80
May 2020207.80
Jun 2020209.60
Jul 2020216.00
Aug 2020245.90
Sep 2020246.10
Oct 2020242.00
Nov 2020250.10
Dec 2020265.20
Jan 2021288.00
Feb 2021275.10
Mar 2021273.00
Apr 2021279.00
May 2021293.80
Jun 2021293.80
Jul 2021293.80
Aug 2021293.80
Sep 2021293.80
Oct 2021293.80
Nov 2021293.80
Dec 2021311.70
Jan 2022317.50
Feb 2022317.00
Mar 2022310.50
Apr 2022311.40
May 2022299.90
Jun 2022304.30
Jul 2022296.40
Aug 2022301.50
Sep 2022300.60
Oct 2022299.10
Nov 2022299.70
Dec 2022301.20
Jan 2023301.20
Feb 2023301.20
Mar 2023301.50
Apr 2023302.40
May 2023303.70
Jun 2023305.20
Jul 2023306.10
Aug 2023309.70
Sep 2023306.70
Oct 2023307.60
Nov 2023307.30
Dec 2023309.40
Jan 2024316.70
Feb 2024309.40
Mar 2024294.00
Apr 2024286.10
May 2024272.50
Jun 2024291.20
Jul 2024294.00
Aug 2024332.10
Sep 2024331.50
Oct 2024320.00
Nov 2024318.80
Dec 2024321.80
Jan 2025326.70
Feb 2025337.30
Mar 2025328.50
Apr 2025323.60
May 2025321.50
Jun 2025330.30
Jul 2025374.80
Aug 2025377.00
Sep 2025374.20
Oct 2025364.70
Nov 2025363.40
Dec 2025356.50
Jan 2026381.70
Feb 2026406.40
Mar 2026369.40
Apr 2026381.40
May 2026387.40
Jun 2026393.40
Jul 2026377.00
Aug 2026376.70
Sep 2026378.00

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+10.92%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+9.42%/yr · dividends reinvested · since launch · dated pay dates

A ৳1,00,000 investment held over since launch would be worth about ৳3,95,710 with dividends reinvested, or ৳2,98,010 taking every dividend as cash. Reinvesting compounds, so it ends higher; the gap (about ৳97,700) 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-2.92%-5.71%-2.49%
Year to date+5.18%+7.82%-1.69%
1 year+0.25%+0.25%+0.35%
2 years+13.80%+6.64%+6.61%
3 years+22.04%+6.84%+8.15%
5 years+28.52%+4.85%+6.77%
Max (15.4 yrs)+295.71%+9.42%+8.06%

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+1.02%+9.43%+41.39%-20.32%173
3 years+7.22%+8.45%+23.72%-3.60%149

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:

8.0%Downside deviation
-14%Worst drop
96%Positive 12-mo windows
15.4%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 SEBL 1st Unit Fund, dividends reinvested
MonthValue of ৳1,000
May 2011৳1,000
Jun 2011৳1,012
Jul 2011৳1,024
Aug 2011৳1,029
Sep 2011৳1,034
Oct 2011৳1,044
Nov 2011৳1,056
Dec 2011৳1,060
Jan 2012৳1,055
Feb 2012৳1,061
Mar 2012৳1,090
Apr 2012৳1,114
May 2012৳1,099
Jun 2012৳1,113
Jul 2012৳1,117
Aug 2012৳1,126
Sep 2012৳1,042
Oct 2012৳1,048
Nov 2012৳1,147
Dec 2012৳1,152
Jan 2013৳1,171
Feb 2013৳1,161
Mar 2013৳1,183
Apr 2013৳1,193
May 2013৳1,225
Jun 2013৳1,239
Jul 2013৳1,246
Aug 2013৳1,147
Sep 2013৳1,152
Oct 2013৳1,161
Nov 2013৳1,175
Dec 2013৳1,182
Jan 2014৳1,206
Feb 2014৳1,222
Mar 2014৳1,249
Apr 2014৳1,264
May 2014৳1,269
Jun 2014৳1,285
Jul 2014৳1,291
Aug 2014৳1,188
Sep 2014৳1,244
Oct 2014৳1,296
Nov 2014৳1,538
Dec 2014৳1,556
Jan 2015৳1,569
Feb 2015৳1,575
Mar 2015৳1,556
Apr 2015৳1,478
May 2015৳1,560
Jun 2015৳1,583
Jul 2015৳1,669
Aug 2015৳1,663
Sep 2015৳1,533
Oct 2015৳1,581
Nov 2015৳1,741
Dec 2015৳1,724
Jan 2016৳1,743
Feb 2016৳1,746
Mar 2016৳1,675
Apr 2016৳1,690
May 2016৳1,753
Jun 2016৳1,878
Jul 2016৳1,914
Aug 2016৳1,738
Sep 2016৳1,827
Oct 2016৳1,819
Nov 2016৳2,046
Dec 2016৳2,057
Jan 2017৳2,160
Feb 2017৳2,174
Mar 2017৳2,226
Apr 2017৳2,242
May 2017৳2,240
Jun 2017৳2,334
Jul 2017৳2,411
Aug 2017৳2,250
Sep 2017৳2,303
Oct 2017৳2,370
Nov 2017৳2,702
Dec 2017৳2,697
Jan 2018৳2,744
Feb 2018৳2,649
Mar 2018৳2,609
Apr 2018৳2,654
May 2018৳2,550
Jun 2018৳2,530
Jul 2018৳2,402
Aug 2018৳2,282
Sep 2018৳2,198
Oct 2018৳2,182
Nov 2018৳2,432
Dec 2018৳2,478
Jan 2019৳2,600
Feb 2019৳2,602
Mar 2019৳2,608
Apr 2019৳2,555
May 2019৳2,527
Jun 2019৳2,591
Jul 2019৳2,610
Aug 2019৳2,302
Sep 2019৳2,577
Oct 2019৳2,463
Nov 2019৳2,431
Dec 2019৳2,348
Jan 2020৳2,282
Feb 2020৳2,258
Mar 2020৳2,078
Apr 2020৳2,078
May 2020৳2,078
Jun 2020৳2,096
Jul 2020৳2,160
Aug 2020৳2,459
Sep 2020৳2,461
Oct 2020৳2,420
Nov 2020৳2,501
Dec 2020৳2,652
Jan 2021৳2,880
Feb 2021৳2,751
Mar 2021৳2,730
Apr 2021৳2,790
May 2021৳2,938
Jun 2021৳2,938
Jul 2021৳2,938
Aug 2021৳2,938
Sep 2021৳2,938
Oct 2021৳2,938
Nov 2021৳2,938
Dec 2021৳3,117
Jan 2022৳3,175
Feb 2022৳3,170
Mar 2022৳3,105
Apr 2022৳3,114
May 2022৳2,999
Jun 2022৳3,043
Jul 2022৳2,964
Aug 2022৳3,015
Sep 2022৳3,006
Oct 2022৳2,991
Nov 2022৳2,997
Dec 2022৳3,012
Jan 2023৳3,012
Feb 2023৳3,012
Mar 2023৳3,015
Apr 2023৳3,024
May 2023৳3,037
Jun 2023৳3,052
Jul 2023৳3,061
Aug 2023৳3,097
Sep 2023৳3,067
Oct 2023৳3,076
Nov 2023৳3,073
Dec 2023৳3,094
Jan 2024৳3,167
Feb 2024৳3,094
Mar 2024৳2,940
Apr 2024৳2,861
May 2024৳2,725
Jun 2024৳2,912
Jul 2024৳2,940
Aug 2024৳3,321
Sep 2024৳3,315
Oct 2024৳3,200
Nov 2024৳3,188
Dec 2024৳3,218
Jan 2025৳3,267
Feb 2025৳3,373
Mar 2025৳3,285
Apr 2025৳3,236
May 2025৳3,215
Jun 2025৳3,303
Jul 2025৳3,748
Aug 2025৳3,770
Sep 2025৳3,742
Oct 2025৳3,647
Nov 2025৳3,634
Dec 2025৳3,565
Jan 2026৳3,817
Feb 2026৳4,064
Mar 2026৳3,694
Apr 2026৳3,814
May 2026৳3,874
Jun 2026৳3,934
Jul 2026৳3,770
Aug 2026৳3,767
Sep 2026৳3,780
৳1,000 · May 2011৳3,780 · 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 (converted from a closed-end fund), redeemable weekly at NAV
Asset managerVIPB Asset Management Company Limited (VIPB AMCL)
SponsorSoutheast Bank
TrusteeInvestment Corporation of Bangladesh (ICB)
CustodianInvestment Corporation of Bangladesh (ICB)
Face valueBDT 10 per unit

What VIPB SEBL 1st Unit Fund holds

As of 30 Jun 2026

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

Asset mix
Common stock 65.62%Corporate subordinated bonds 13.67%Government treasury bonds 10.33%Preference shares 6.72%Cash & equivalents 2.43%Listed mutual funds 0.86%Corporate bond (listed) 0.36%
Top holdings
BRAC Bank17.85%
avg cost ৳31.98 · stmt mkt ৳65.50
Marico Bangladesh10.90%
avg cost ৳2,225.65 · stmt mkt ৳2,771.20
Prime Bank9.66%
avg cost ৳26.92 · stmt mkt ৳30.00
Square Pharmaceuticals8.93%
avg cost ৳217.34 · stmt mkt ৳223.99
Berger Paints Bangladesh8.04%
avg cost ৳1,342.14 · stmt mkt ৳1,427.73
Eastern Bank8.00%
avg cost ৳26.14 · stmt mkt ৳24.90
BRAC Bank 2nd subordinated bond7.54%
Renata preference shares6.72%
avg cost ৳1,900.13 · stmt mkt ৳1,900.13
City Bank subordinated bonds2.36%
Jamuna Bank subordinated bonds1.89%
Trust Bank subordinated bonds1.89%
Government treasury securities (BD0945081208)1.76%
Renata1.73%
avg cost ৳410.28 · stmt mkt ৳455.87
Government treasury securities (BD0937901157)1.36%
Government treasury securities (BD0945461202)1.36%
Government treasury securities (BD0939371151)1.33%
Government treasury securities (BD0945081208 (lot 2))1.17%
Government treasury securities (BD0945081208 (lot 3))1.07%
Government treasury securities (BD0943281206)1.04%
Government treasury securities (BD0944051202)0.70%
Government treasury securities (BD0942241201)0.53%
Jamuna Bank0.51%
avg cost ৳23.17 · stmt mkt ৳24.00
APSCL bond (listed)0.36%
avg cost ৳1,475.41 · stmt mkt ৳1,114.75
LR Global Mutual Fund0.32%
avg cost ৳3.44 · stmt mkt ৳3.50
Green Delta Mutual Fund0.27%
avg cost ৳3.67 · stmt mkt ৳3.80
Mercantile Bank 1st MF0.27%
avg cost ৳4.04 · stmt mkt ৳4.10

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 55.38% of the fund.

What changed in the latest statement

31 Mar 2026 → 30 Jun 2026before now

+ City Bank subordinated bonds · new, 2.36%+ Jamuna Bank subordinated bonds · new, 1.89%+ Trust Bank subordinated bonds · new, 1.89%+ Government treasury securities (BD0945081208) · new, 1.76%+ Renata · new, 1.73%+ Government treasury securities (BD0937901157) · new, 1.36%+ Government treasury securities (BD0945461202) · new, 1.36%+ Government treasury securities (BD0939371151) · new, 1.33%+ Government treasury securities (BD0945081208 (lot 2)) · new, 1.17%+ Government treasury securities (BD0945081208 (lot 3)) · new, 1.07%+ Government treasury securities (BD0943281206) · new, 1.04%+ Government treasury securities (BD0944051202) · new, 0.70%+ Government treasury securities (BD0942241201) · new, 0.53%+ Jamuna Bank · new, 0.51%+ APSCL bond (listed) · new, 0.36%+ LR Global Mutual Fund · new, 0.32%+ Green Delta Mutual Fund · new, 0.27%+ Mercantile Bank 1st MF · new, 0.27%− Grameenphone · no longer held− 20Y government treasury bond · no longer held
Square Pharmaceuticals12.94% → 8.93%
Marico Bangladesh14.00% → 10.90%
BRAC Bank 2nd subordinated bond5.68% → 7.54%
BRAC Bank16.13% → 17.85%
Berger Paints Bangladesh9.49% → 8.04%

Asset mix: Common stock 79.24% → 65.62%; Corporate subordinated bonds 5.68% → 13.67%; Government treasury bonds 7.39% → 10.33%; Cash & equivalents 0.50% → 2.43%; Listed mutual funds is new (0.86%).

Its 5 largest holdings went from 61.99% to 55.38% 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 SEBL 1st Unit Fund

What kind of fund is VIPB SEBL 1st Unit Fund?
VIPB SEBL 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 SEBL 1st Unit Fund?
Over roughly 15.4 years to 3 Sep 2026, VIPB SEBL 1st Unit Fund returned about +9.42% 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 SEBL 1st Unit Fund?
VIPB SEBL 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 SEBL 1st Unit Fund have an exit load?
Buy/sell spread up to 1% of NAV.

What is the minimum investment for VIPB SEBL 1st Unit Fund?
VIPB SEBL 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 SEBL 1st Unit Fund Shariah-compliant?
No. VIPB SEBL 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 SEBL 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 511th 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 (5th 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)
+7.20%
Downside deviation
8.0%
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 50% of its month-to-month swings.

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