Islamic mutual fund NAV today

Net Asset Value (NAV) is the price of one unit of a mutual fund: the market value of everything the fund owns, minus its liabilities, divided by the number of units in issue. When you invest, your amount is divided by the applicable price to work out how many units you receive.

Asset management companies calculate NAV at the end of every business day and report it to MUFAP (Mutual Funds Association of Pakistan), which publishes it for all funds. No NAV is announced for weekends and public holidays, so the latest NAV is usually from the previous business day.

A fund’s NAV is struck after the market closes and published afterwards, so during the day the latest figure is the previous business day’s. Each row shows its own NAV date. A fund whose NAV has not been reported for two weeks, such as a matured fixed-term plan, is not listed here but still has its own page.

Not always. Many funds charge a front-end load when you invest, so the offer (purchase) price can be above NAV, and some charge a back-end load when you redeem. Requests are usually processed at the NAV of the day they are received before the fund’s cut-off time. Check the fund’s offering document for its loads and cut-off times.

No. NAV depends on when a fund was launched, its starting unit price and how much it has paid out, so two funds with very different NAVs can perform the same. Compare total returns with payouts instead, which every fund page and the rankings show.

When a fund pays a dividend, that cash leaves the fund, so the NAV falls by roughly the payout per unit on the ex-distribution date. Investors are not worse off: they receive the payout as cash or extra units. That is why NAV alone understates a fund’s return.

Every NAV on Islamic Funds comes from MUFAP’s daily reports and is shown exactly as published, with its date. Confirm the figure with the asset management company before you transact.