# How to compare Pakistan's money-market funds with data

Pakistan has **567 active mutual and pension funds from 25 asset managers** (MUFAP). Comparing them fund by fund on AMC websites is slow. The PakDataHub **fund screener** returns every fund's latest NAV, trailing returns and expense ratio in **one call**.

## One call for the whole market

```bash
curl -H "X-API-Key: pk_live_xxx" "https://api.pakdatahub.com/v1/funds/screener"
```

## Ranked by 1-year return

Money Market category, as of 24-25 September 2026, from MUFAP's reported returns:

| Fund | AMC | 1Y return | TER (YTD) |
|---|---|---|---|
| Alfalah Money Market Fund - II | Alfalah | 10.96% | 0.44% |
| Atlas Money Market Fund | Atlas | 10.91% | 0.39% |
| Atlas Liquid Fund | Atlas | 10.90% | 0.40% |
| UBL Liquidity Fund | UBL | 10.90% | 0.58% |
| NIT Money Market Fund | NIT | 10.89% | 0.75% |

The top of the category is tightly bunched, so **the expense ratio matters as much as the headline return**. For context, the median TER across all funds is 0.98%. The table is data, not investment advice; past returns don't predict future ones.

## Do it yourself in pandas

```python
import httpx, pandas as pd
H = {"X-API-Key": "pk_live_xxx"}
s = pd.json_normalize(httpx.get("https://api.pakdatahub.com/v1/funds/screener", headers=H).json()["data"])
mm = s[s["category"] == "Money Market"].dropna(subset=["returns.y1"])
print(mm.sort_values("returns.y1", ascending=False)[["name", "amc", "returns.y1", "ter_ytd"]].head(10))
```

Swap the category for `Shariah Compliant Money Market`, `Income` or `Equity`. The largest categories are Fixed Rate/Return (55 funds), Income (50) and VPS Shariah Money Market (50).

## Go deeper on one fund

- **Risk:** [`/v1/funds/{id}/analytics`](https://pakdatahub.com/docs/api-fund-analytics.md) gives CAGR, volatility and maximum drawdown from the full NAV history.
- **What's inside:** `/v1/funds/{id}/portfolio` gives the asset allocation.
- **Income history:** `/v1/funds/{id}/payouts`.

Prefer a UI? The free [fund screener](https://pakdatahub.com/tools/fund-screener) does the same in the browser. For the benchmark these funds track, see [KIBOR](https://pakdatahub.com/blog/kibor-history-api) and [T-Bill yields](https://pakdatahub.com/blog/tbill-pib-auction-yields-history).

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Published 2026-09-25 - https://pakdatahub.com/blog/compare-pakistan-money-market-funds