NBP Funds Returns October 2026: Mahana Amdani 10.9%, Money Market 10.6% and Every Main Fund in Pakistan (Full List)

We read both of NBP Funds' October 2026 fund manager reports, one for conventional funds and one for Islamic funds, on 11 November 2026. They were posted on nbpfunds.com in November and carry figures up to 31 October 2026. Every return below is a yearly rate after the management fee and other expenses, but before tax and before any front-end load. Past returns do not promise future ones, and the report says so on every page.

NBP money market and income fund returns for October 2026

The low risk NBP funds returned between 9.9% and 12.0% a year in October 2026. NBP Mahana Amdani Fund paid 10.9%, NBP Money Market Fund 10.6%, and the newer NBP Money Market Liquid Fund 12.0%, all net of fees.

These are the funds most savers compare with a bank account. They hold bank deposits, treasury bills and short government paper, so the unit price moves very little from day to day. The table shows each fund's October return, its return so far in the 2026-27 financial year (FYTD, from 1 July), the last 12 months, and its size.

NBP Mahana Amdani is the name most people search for, because it pays out income each month. It beat its peer group in October: the report gives the peer average for that month as 10.04% a year. Its 10.9% is still below its own benchmark of 11.7%, because the benchmark moved up quickly after the policy rate rose in late October.

NBP Islamic fund returns for October 2026

NBP Islamic Money Market Fund, the largest NBP fund at Rs 90,413 million, returned 10.9% a year in October 2026. NBP Islamic Mahana Amdani Fund returned 9.4%, and NBP Islamic Daily Dividend Fund 10.1%.

The Islamic funds are measured against lower benchmarks, because they can only hold Shariah compliant deposits and sukuk. So the right comparison is with an Islamic bank's savings rate, not with a conventional bank. For that, see how Islamic bank savings profit is shared under the pool rule.

NBP stock funds fell in October 2026

NBP's equity funds lost between 1.8% and 2.7% in October 2026, in line with the stock market. The KSE-100 closed October at 166,409 points, the NBP report says, about 12% below its January peak.

Stock fund returns in the report are for the period, not yearly rates. A fall of 9.1% since July is real money: Rs 1 lakh put into NBP Stock Fund on 1 July was worth about Rs 90,900 at the end of October, before the load. The market then rose sharply in early November, as our KSE-100 report for 10 November shows, so these funds have since recovered part of that.

What Rs 1 lakh to Rs 10 lakh earns in NBP funds each month

At October's rates, Rs 10 lakh in NBP Mahana Amdani Fund would earn about Rs 9,083 a month before tax, and Rs 10 lakh in NBP Money Market Fund about Rs 8,833. These are our own sums on the yearly rates.

Two things cut this. First, tax: the report states simply that "taxes apply", and the rate depends on whether you are a filer. Second, the front-end load. NBP's sheets list a front-end load of up to 3% on amounts up to Rs 5 million for individuals who take the takaful cover, 1% above that, and 1% for others. A 1% load on Rs 10 lakh is Rs 10,000, more than one month of profit, so ask the sales officer which load applies to you before you invest.

For comparison, most bank savings accounts now pay 10.50% from 1 November, as our bank savings rate report shows, and NBP's own bank accounts are listed in our NBP profit rates list. A bank account has no load and no price risk.

How to check an NBP fund's return yourself

NBP Funds publishes daily unit prices on its fund price page and a full fund manager report every month. You can check any fund in about five minutes without logging in.

1. Open nbpfunds.com and go to Downloads, then Fund Manager Reports.
2. Download the latest Complete FMR, Conventional or Islamic. The October 2026 files were posted in November.
3. Find your fund in the table of contents and open its page.
4. Read the "Performance %" row: the first figure is the month, then FYTD, then the last 12 months.
5. Check "Fund Size", "Front end Load" and "Total Expense Ratio" on the same page.
6. For today's price, open Fund Prices on the website. The redemption price is what you get when you sell a unit.

The same figures appear in the industry's daily data, which we explain in our guide to checking a mutual fund's NAV and returns on MUFAP. If you are new to funds, start with our guide on money market, income and equity fund types.

NBP's money market funds deal Monday to Friday, and the reports give settlement of 2 to 3 business days. NBP Money Market Fund's dealing time is 9:00 am to 5:30 pm. NBP Islamic Money Market Fund closes earlier, at 2:30 pm.

Common questions

What is the NBP Mahana Amdani Fund return in October 2026?

10.9% a year for October 2026, net of fees, according to NBP Funds' October fund manager report. Its return so far in the 2026-27 financial year is 11.1%.

Which NBP fund gave the highest return in October 2026?

Among the low risk funds, NBP Money Market Liquid Fund at 12.0% a year. It started on 2 July 2026, so it has no full year record yet. Among older funds, NBP Financial Sector Income Plus Fund paid 11.3%.

What is the NBP Money Market Fund return?

10.6% a year in October 2026, 10.6% since July and 10.5% over the last 12 months. It is NBP's second largest fund at Rs 85,736 million.

How much does Rs 10 lakh earn in NBP Mahana Amdani each month?

About Rs 9,083 a month before tax at October's 10.9% rate. The real figure changes every month with the fund's return.

Is the NBP Islamic Money Market Fund return better than an Islamic bank account?

In October 2026 it paid 10.9% a year. Many Islamic bank savings accounts declare less than that, but a fund has no fixed rate and can charge a load, so compare the net figure after the load.

Did NBP stock funds lose money in 2026-27?

Yes, from 1 July to 31 October 2026 NBP Stock Fund was down 9.1% and NBP Islamic Stock Fund also 9.1%. Over the last 12 months both were still slightly up.

How we verified this

What we checked, where we read it, and what we could not confirm.

We read NBP Fund Management's Fund Manager Report October 2026, conventional funds and Islamic funds on 11 November 2026, linked from the NBP Funds reports page, and checked daily prices on its fund price page. Monthly profit figures are our arithmetic on the yearly rates. Nothing here is advice to buy any fund.