Tracking mutual fund NAV and daily P&L

Why funds get their own portfolio

Share lots use exchange prices and FIFO share quantities. Funds use units × NAV. Mixing both in one ledger blurs average cost and daily moves.

Create or switch to a mutual fund portfolio so each book stays coherent while sharing the same login.

Recording units and cost

Log purchases, redemptions and transfers in units. Average cost and market value follow from those units and the NAV you apply.

Reinvested dividends that buy more units should be reflected so income and unit count stay aligned with the fund statement.

NAV sync and stale data

When sync is available, PSX Tracker can refresh NAVs from its catalog path so valuations move with published figures.

If a fund looks stuck, refresh, confirm the fund exists in the catalog, and compare against the AMC or statement before reacting to a “flat” day.

Reading daily P&L on funds

Day change typically compares the latest NAV mark with the prior mark on your units. Gaps in data produce gaps in P&L — treat missing NAVs as a data problem, not a trading signal.

For longer performance, combine NAV moves with your actual cash invested and redeemed, not only one green daily number.

This guide is educational and describes how PSX Tracker works. It is not investment, tax or legal advice. Confirm rules and figures with your broker, FBR guidance and professional advisors.

Units, NAV, and why a fund is not a share

An open-end fund does not have a board lot. You own units. The asset manager publishes a net asset value, usually once each business day, and you buy or redeem with the manager or its distributor rather than by hitting a bid on the exchange. Some funds are also listed, but the daily NAV is still the figure the statement uses for the open-end book.

NAV is the value of the portfolio minus liabilities, divided by the units in issue. It is not a promise of the next day’s price, and it is not the amount you will receive if a charge applies on the way out. Read the offering document for the sales load, the backend load, and the management fee before you treat NAV as cash in hand.

MUFAP publishes industry NAVs so investors can see a common figure. PSX Tracker can mark a fund portfolio from that kind of published NAV. Your own unit balance still comes from the account statement. If the statement says 1,000 units and the app says 1,040, the NAV is not the problem. The ledger is.

Cost of units, including the charges you paid

The amount you transferred is not always the amount that became units. A sales load, if the fund charges one, means fewer units than a naive division of cash by NAV. Record the units from the allocation note and the cash you paid. The cost per unit is cash paid divided by units received, not the bare NAV on the day you decided to invest.

Later redemptions close units. If you bought on three dates, a partial redemption has the same lot question as a share sale. Decide whether you match the oldest units first or keep an average, write it down, and stay with it. Mixing the two methods between years makes the realized number incomparable with itself.

Reinvested distributions add units at a cost you need to define. Bonus units that offset an NAV drop are often a return of your own capital in unit form. Entering them at zero cost makes a later redemption look like a pure gain. The fund statement is the place to see how the manager described them.

Daily P&L is a mark, not a withdrawal

Day-over-day fund P&L is yesterday’s units marked at yesterday’s NAV versus today’s units marked at today’s NAV, with care for units you bought today. A new subscription should not be reported as a profit. The cash left your bank and became units. The profit, if any, is the later change in NAV.

NAVs are not published on the same clock as a share trade. A holiday, a delayed file, or a fund that strikes NAV at a different cut-off can leave a day blank. A blank day is not a zero return. Leave it blank and wait for the published figure rather than copying the previous NAV and calling it a move.

Comparing a fund’s day to the KSE-100 day is only fair when both numbers are the same kind of thing. The index is a price basket. An income fund’s NAV can move because of accruals and a dividend. Read the category before you decide the fund “lagged the market.”

Categories change the question you are asking

Equity funds, income funds, money-market funds, and asset-allocation funds do not exist to do the same job. An equity fund will swing with shares. A money-market fund should not, and if it does you want to know why. The offering document and the latest factsheet state the category and the benchmark the manager chose.

Shariah-compliant fund names tell you the manager’s mandate, not your personal conclusion. Read the screening policy in the document. The halal-investing guide explains why a name and a list are not a ruling.

Switching from an income fund to a money-market fund around a distribution date is a tax-sensitive habit some investors discuss. It is not a feature to toggle casually. Confirm the current treatment with an adviser, then record the redemption and the new subscription as two events with two unit prices.

• Meezan Islamic Fund: units and distributions
• Al Meezan Mutual Fund: mandate and records
• UBL Stock Advantage Fund: statements and charges
• Model regular fund contributions
• MUFAP NAVs and sale loads — Match the full fund name and NAV validity date to the manager’s statement.

Reconcile the fund the way you reconcile shares

Once a month, match units, cost, and cash. Units come from the statement. Cost comes from your subscriptions minus redemptions, adjusted for the corporate actions you recorded. Cash in a stock portfolio is a different wallet from money you sent the asset manager. Do not merge them and then wonder why the stock cash looks negative.

Keep the allocation email or PDF. It has the date, the NAV used, the units, and the charges. A year later you will not remember whether the load was waived. The PDF will.

PSX Tracker keeps fund portfolios separate from share portfolios so unit math and share lots do not overwrite each other. A combined view can sit on top. The statements underneath stay separate, which is what you want on the day one of them disagrees.

Common questions

Can I track mutual funds in the same book as PSX shares?

PSX Tracker keeps stock and fund portfolios separate so units, NAV, and share lots are not mixed. You can still review both from the app.

Where do fund prices come from?

Open-end funds are marked with published NAVs, commonly from MUFAP. A NAV is not a live stock quote and may update on a different schedule.

Does a fund tracker replace my asset-management statement?

No. Use the statement for units you actually hold. The tracker is a personal record of what you logged.

Related guides

Stock vs mutual fund portfolios · Tracking PSX dividends and cash income · Free vs Paid after your 15-day trial · How PSX Tracker works: video and feature guide