Close Ended Fund
IFIL Islamic Mutual Fund-1
HIGHLIGHTS
- Name: IFIL ISLAMIC MUTUAL FUND-1
- Size of the Fund: Tk. 100.00 crore divided into 10,00,00,000 units at a par value of Tk. 10.00 each
- Face Value: Tk. 10.00 per unit
- Market Lot: 500 units
- Nature: Close-end Mutual Fund of ten years tenure
- Transferability: Units are transferable. The transfer will be made by the CDBL under an electronic settlement process
- Encashment: The units will be listed with DSE and CSE. So, investment in this Fund will be easily encashable
- Tax Benefit: Income will be tax-free up to a certain level, which is permitted as per Finance Act. Investment in the Fund would qualify for investment tax credit under section 44(2) of the Income Tax Ordinance 1984
- Report & Accounts: Every unit holder is entitled to receive an annual report together with the yearly and half-yearly statements of accounts as and when published
Fund Size
1000.00 million
NAV(At Market Price)
7.17 (Tk.)
CAGR
Inception Date
30/09/2010
DSE Market Price
0Risk Profile
Objectives & Target Group
The objective of the Fund is to provide attractive dividend to the unit holders by investing the proceeds in the Capital Market and Money Market.
Individuals, institutions, non-resident Bangladeshis (NRB), mutual funds and collective investment schemes are eligible to apply for investment in the Fund.
Investment Objectives & Strategy
The main objective of the Fund is to invest in the Capital and Money
Market of the country and to provide attractive dividend to the investors.
The Fund shall invest subject to the rules and only in securities, deposits and
investments approved by the Securities and Exchanges Commission and/or the
Bangladesh Bank
Dividend & Mode of Distribution
Minimum 70% income of the Fund will be distributed as dividend in Bangladeshi Taka only at the end of each accounting year. The Fund shall create a dividend fund equalization reserve to ensure consistency in dividend.
The dividend will be distributed within 45 days from the date of declaration.
NAV Performance Chart
Net Asset Value (NAV)
| Date | NAV/Unit |
|---|---|
| 11 Mar 2025 | 7.17 |
| 04 Mar 2025 | 7.18 |
| 25 Feb 2025 | 7.21 |
| 18 Feb 2025 | 7.04 |
| 11 Feb 2025 | 7.06 |
| 04 Feb 2025 | 6.89 |
| 28 Jan 2025 | 6.88 |
| 21 Jan 2025 | 6.97 |
| 14 Jan 2025 | 6.90 |
| 07 Jan 2025 | 6.96 |
