Open Ended Fund
ICB AMCL Shotoborsho Unit Fund
Highlights
- Name: ICB AMCL Shotoborsho Unit Fund
- Type: Open-end Growth mutual fund
- Life and Size of the Fund: Perpetual Life and unlimited size
- Sponsors: Investment Corporation of Bangladesh (ICB)
- Trustee: ICB Capital Management Limited (ICML)
- Custodian: ICB Capital Management Limited (ICML)
- Asset Manager: ICB Asset Management Company Limited (ICB AMCL)
- Initial Size of the Fund: Tk. 20,00,00,000 (Twenty Crore) divided into 2,00,00,000 (Two Crore) units at par value of Tk. 10.00 (ten) each.
- Face Value: Tk. 10.00 (ten) per unit
- Nature: Open end Mutual Fund with unlimited size
- Minimum Application Amount: 100 (hundred) units
- Transparency: NAV will be calculated on a weekly basis and shall be published on the website of the Fund manager "www.icbamcl.com.bd" and as prescribed in the Rule.
- Sale / Surrender / Transfer of Units: Over the Counter (OTC) of the Asset Manager and designated Selling Agent’s Branch Offices.
- Transferability: The units of the Fund shall be transferable by way of inheritance/gift and/or by specific operation of law.
- Encashment: The unit holders can surrender their units during the business hour as specified by the Asset Manager and Company or through selling agent. The Asset Management Company or selling agent shall be liable to repurchase the units on behalf of the Fund.
- Systematic Investment Plan (SIP) facility: Allows investors to invest a certain pre-determined amount at a regular interval (monthly, quarterly, semiannually, annually, etc.). A SIP is a planned approach towards investments and helps to inculcate the habit of saving and building wealth for the future. Investors can start SIP with a small amount, i.e., minimum BDT 1,000 or any multiple of BDT 1,000.
- Tax Benefit: Income shall 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 the Annual Report together with the yearly and half-yearly statements of accounts as and when published.
Fund Size
359.20 million
NAV(At Market Price)
7.85 (Tk.)
CAGR
Inception Date
10/02/2021
Sale Price
7.90 (Tk.)
Risk Profile
Objectives & Prospective Investors
Objective: In line with the Government Architect on the occasion of the birth centenary of the greatest Bengali of all time, the great Architect of independence, Father of the Nation Bangabandhu Sheikh Mujibur Rahman, Investment Corporation of Bangladesh (ICB) and its subsidiary ICB Asset Management Company Limited (ICB AMCL) has launched "ICB AMCL Shobotorsho Unit Fund". The objective of the Fund is to channelise the savings sector medium size savers into commerce and industry for rapid growth of the country's economy and to give maximum possible return to the Unit Holders.
Prospective Investors: Individuals, institutions, Non-resident Bangladeshi (NRB), mutual funds and collective investment schemes are eligible to invest in this Fund.
Investment Objectives & Strategy
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.
The Fund shall invest subject to the regulations and only in those securities, deposits and
investments approved by the BSEC and/or the Bangladesh Bank and/or the Insurance
Development & Regulatory Authority Bangladesh (IDRA) of Bangladesh or any other
competent authority in this regards
Dividend Policy & Mode of Distribution
Dividend Policy: 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 rules. 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. The Fund shall create a dividend equalization reserve by suitable appropriation from the income of the Fund to ensure consistency in dividend.
Mode of Distribution of Dividend: The dividend shall be distributed within 45 (forty five) days from the date of declaration.
NAV Performance Chart
NAV, Sale & Surrender Price
| Date | NAV/Unit | Sale Price (Tk.) | Surrender Price (Tk.) |
|---|---|---|---|
| 14 Jan 2025 | 7.85 | 7.90 | 7.60 |
| 07 Jan 2025 | 7.85 | 7.90 | 7.60 |
| 30 Dec 2024 | 7.85 | 7.90 | 7.60 |
| 24 Dec 2024 | 7.85 | 7.90 | 7.60 |
| 17 Dec 2024 | 7.92 | 7.90 | 7.60 |
| 10 Dec 2024 | 7.85 | 7.90 | 7.60 |
| 03 Dec 2024 | 7.91 | 7.90 | 7.60 |
| 26 Nov 2024 | 7.81 | 7.90 | 7.60 |
| 19 Nov 2024 | 7.90 | 7.90 | 7.60 |
| 12 Nov 2024 | 10.96 | 7.90 | 7.60 |
