Icb Amcl Mutual Fund

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BANGLADESH FUND
FUND HIGHLIGHTS
Bangladesh Fund

01

Name

02

Sponsors

Investment Corporation of Bangladesh
Janata Bank Limited
Bangladesh Development Bank Limited
Sadharan Bima Corporation

03

Trustee

ICB Capital Management Limited

04

Custodian

ICB Capital Management Limited

05

Asset Manager

ICB Asset Management Company Limited

06

Initial Size of the
Fund

Tk. 5,000,00,00,000.00 (five thousand crore) divided into 50,00,00,000 (fifty crore) units at par value of Tk. 100.00 (one hundred) each.

07

Face Value

Tk. 100.00 (one hundred) per unit

08

Market Lot

100 (one hundred) units

09

Nature

Special Purpose Open-end Growth Mutual Fund with unlimited size

10

Objective

11

Prospective
Investors

The main objective of the Fund is to help stabilize the capital market, provide liquidity in the market and declare attractive dividend to the unit holders. a) NRB
b) Local Investors
i) State-owned Banks & Financial Institutions ii) Private Commercial Banks iii) Insurance Companies
iv) Non-Banking Financial Institutions
v) Merchant Banks
vi) Asset Management Companies
vii) Individual and others

12

Sponsors
Contribution
Issue of
Prospectus
Sale / Surrender /
Transfer of Units

According to SEC’s letter dated May 04, 2011 Commission has given permission to invest the Sponsors’ Contribution in the securities market. After getting approval from SEC and publication of Prospectus in the daily newspapers fund should be raised by selling of the Units.

Over the Counter (OTC) of the Asset Manager, ICB Branch Offices and designated Bank branches (if any).

Dividend

The Fund shall as soon as may be, after the closing of the annual accounts, declare and distribute dividend if any, to the unit holders in accordance with the ¢h¢dj¡m¡. Being a “Growth Scheme” in nature, the Fund shall distribute at least 50 (fifty) percent of the total net profit earned in the respective year or as determined by the Commission from time to time.

13
14
15

Sonali Bank Limited
Agrani Bank Limited
Rupali Bank Limited
Jiban Bima Corporation

The Fund shall create a dividend equalization reserve fund by suitable appropriation from the income of the Fund to ensure consistency in dividend. 16

The dividend warrant will be distributed within 45 (forty five) days from the date of declaration.

17

Mode of
Distribution of
Dividend
Transferability

18

Encashment

The unit holders can surrender their unit certificates during the business hour as specified by the Asset Management Company. The Asset Management Company shall be liable to repurchase the units on behalf of the Fund.

19

Tax Benefit

Income will be tax free up to certain level, which is permitted as per Finance Act.

20

Report & Accounts

21

Availability of the
Documents

The unit certificates of the Fund shall be freely transferable by way of inheritance/gift and/or by specific operation of the law.

Investment in the Fund would qualify for investment tax credit under section 44(2) of the Income Tax Ordinance 1984.
Every unit holder is entitled to receive Annual Report together with the yearly and half-yearly statements of accounts as and when published.
a) For NRB (website)
b) For Local Investors (office of asset manager, selling agents, website)

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