Complete Review of Databank Mutual Funds: MFund, ArkFund, Epack, and BFund Performance
Databank’s four flagship mutual funds offer very different risk-return profiles: MFund for low-risk liquidity, ArkFund for ethical balanced investing, BFund for conventional balanced growth, and Epack for long-term equity growth. Based on the latest available 2026 data, Epack has produced the strongest year-to-date return, while MFund remains the most suitable choice for short-term cash.
Fund Comparison
| Fund | Type | Latest YTD return | Recommended holding period | Entry charge | Minimum investment |
|---|---|---|---|---|---|
| MFund | Fixed income / money market | +24.20% | Short term | Not stated in latest tracker data | Confirm with Databank |
| ArkFund | Balanced, ESG-oriented | +33.93% | At least 4 years | 1% on every deposit | GH₵50 lump sum; GH₵10 monthly |
| BFund | Balanced | +36.19% | At least 4 years | 1% on each deposit | GH₵50 lump sum; GH₵20 monthly |
| Epack | Equity | +42.96% | At least 5 years | Exit load: 3%, 2%, 1% in years 1–3 | GH₵50 lump sum; GH₵10 monthly |
MFund: Best for Short-Term Savings
MFund is Databank’s fixed-income fund, designed for investors seeking liquidity and relatively stable returns. Its May 2026 fact sheet reported a 19.50% year-to-date return, a 22.99% one-year compounded annual growth rate, and a 16.60% 10-year CAGR.
Wallflake’s more recent tracker shows MFund at +24.20% YTD, with a NAV of GH₵3.6985 and assets of about GH₵791.72 million.
Best for: Emergency reserves, money you may need within months, and investors who want a low-risk alternative to leaving cash idle.
Watch out for: MFund is not a bank deposit; returns are not guaranteed, and its NAV can change. Its strong 2026 performance reflects unusually favourable fixed-income conditions and may not repeat.
ArkFund: Balanced and Values-Based
ArkFund is a balanced fund with a target allocation of 70% fixed income and 30% equity. It is designed for investors who want growth while aligning investments with ethical, social, and environmental values.
Its May 2026 fact sheet reported:
| Period | ArkFund return | Benchmark return |
|---|---|---|
| Year to date | 22.25% | 15.99% |
| 1 year | 35.31% | 23.94% |
| 3 years | 26.03% | 21.27% |
| 5 years | 21.27% | 19.55% |
| 10 years | 21.22% | 20.39% |
Wallflake’s latest tracker shows ArkFund at +33.93% YTD, with assets of about GH₵18.84 million.
Best for: Medium-term investors who want a diversified fund and prefer ESG-oriented investing.
Watch out for: ArkFund charges a 1% front-load fee on every deposit, and its recommended holding period is at least four years.
BFund: Conventional Balanced Growth
BFund is Databank’s traditional balanced fund, investing in both equities and fixed-income securities to balance risk and return. Its August 2026 fact sheet shows a 54.47% equity allocation and a 35.03% year-to-date return.
The fund’s benchmark is a 50:50 blend of the Ghanaian equity market and the 364-day Treasury bill. Its longer-term record includes a 68.70% return in 2025, 22.60% in 2024, and 0.49% in 2023.
Best for: Investors seeking a middle ground between MFund’s stability and Epack’s equity exposure.
Watch out for: BFund charges a 1% front-load fee on each deposit and a 2.00% annual management fee. It is better suited to a multi-year horizon than short-term parking of cash.
Epack: Highest Growth Potential, Highest Volatility
Epack is Ghana’s first mutual fund, launched in 1996, and is an equity-focused fund investing primarily in listed pan-African equities. Databank describes its target allocation as 80% equity and 20% fixed income.
Its April 2026 fact sheet reported:
| Period | Epack return | GSE-CI benchmark |
|---|---|---|
| Year to date | 43.02% | 15.85% |
| 1 year | 72.52% | 43.02% |
| 3 years | 51.78% | 27.49% |
| 5 years | 42.65% | 23.53% |
| 10 years | 23.53% | 19.24% |
Wallflake’s latest tracker shows Epack at +42.96% YTD, with a NAV of GH₵14.9317 and assets of about GH₵334.92 million.
Best for: Long-term investors with at least five years, high risk tolerance, and no near-term need for the money.
Watch out for: Epack has an exit-load structure of 3% in year one, 2% in year two, and 1% in year three, plus a 2.20% annual management fee. Equity returns can be highly volatile, and Epack’s calendar returns have included both strong gains and negative years.
Which Databank Fund Should You Choose?
| Your goal | Best fund |
|---|---|
| Emergency fund or short-term savings | MFund |
| Medium-term balanced growth with ESG focus | ArkFund |
| Medium-term balanced growth without an ESG mandate | BFund |
| Long-term wealth creation and equity exposure | Epack |
| Maximum recent return | Epack |
| Lowest-volatility Databank option | MFund |
Fees Matter
Databank’s fees differ materially across funds. ArkFund and BFund charge a 1% front-load fee on deposits, while Epack uses an exit-load structure instead. Epack also carries a 2.20% annual management fee, while BFund’s management fee is 2.00% per year.
For example, a GH₵10,000 investment in ArkFund or BFund would start with GH₵9,900 after the 1% front-load charge. In Epack, the full GH₵10,000 may be invested initially, but an early redemption in year one could trigger a 3% exit fee.
Important Investment Notes
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Mutual-fund returns are not guaranteed, values change daily, and past performance may not be repeated.
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Epack’s high returns come with materially higher equity-market risk than MFund.
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ArkFund and BFund are both balanced funds, but ArkFund has a 70:30 fixed-income-to-equity target while BFund had a 54.47% equity allocation as at August 2026.
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Check the latest monthly fact sheet before investing, because NAVs, asset allocation, and returns change continuously. Databank publishes updated fact sheets for all four funds.
Key Takeaway
For a complete Databank portfolio, many investors use MFund for liquidity, ArkFund or BFund for medium-term balanced growth, and Epack for long-term equity exposure. Epack has delivered the strongest recent returns, but it is also the most volatile; MFund is the safer option for money you may need soon.
