Open Ended Fund
ICB AMCL Unit Fund
Highlights
- Name: ICB AMCL Unit Fund
- Size of Issue: Initial Target Size Tk. 10.00 crore of 10,00,000 Units of Tk.100.00 each
- Initial/Opening price: Sales price Tk. 100.00 per Unit
- Investment Manager: ICB Asset Management Company Limited (ICB AMCL)
- Sponsor: ICB Capital Management Ltd. (ICML)
- Trustee & Custodian: Investment Corporation of Bangladesh (ICB)
- Subscription Opens: 21 June, 2003
Fund Size
3876.60 million
NAV(At Market Price)
188.93 (Tk.)
CAGR
6.61%
Inception Date
21/06/2003
Sale Price
193.00 (Tk.)
Risk Profile
Investment Objectives & Strategy
The objectives of the Fund are to provide regular income and long-term capital appreciation through prudent investment management. Funds collected under the scheme will be invested in encashable or transferable securities, whether in the capital or money markets, privately placed debentures, preferential shares, or securitized debts.
Not more than 25% of the total assets of the Fund will be invested in Fixed Income Securities (FIS). Additionally, at least 75% of the total assets of the Fund will be allocated to capital market instruments, with a minimum of 50% of this portion invested in listed securities.
Price Fixation Policy
The sale and repurchase prices of units are determined based on the Net Asset Value (NAV) of the Fund. The NAV per unit is calculated weekly by dividing the net asset value of the Fund by the total number of units outstanding. The Net Asset Value of the Fund is computed by deducting total liabilities from total assets, and securities are valued according to criteria approved by the Securities and Exchange Commission, as per rule 58 of the Securities and Exchange Commission (Mutual Fund) Rules, 2001.
The NAV calculated on a particular date sets the repurchase price of units and remains effective until the next NAV calculation. Currently, there is a Tk. 5.00 per unit difference between the sale and repurchase prices.
How to apply?
Investment in this Fund is open to individuals, Non-Resident Bangladeshis (NRBs), Charitable Organizations, and Trust Funds. An investor can apply for a minimum of 20 units and a maximum of 50,000 units. Units can be purchased on all working days except Thursdays and during book closure periods from the counters of ICB Asset Management Company, ICB branch offices, and designated bank branches. This requires submitting a properly filled prescribed unit sale form along with necessary payment at the prevailing sale price. The money receipt issued at the time of sale will serve as the allotment letter. Certificates will be issued within 90 days from the sale date.
Units can also be redeemed/surrendered at these counters by submitting a properly filled prescribed surrender form along with the certificates at the prevailing price. Payment will be made on the same or next day through an account payee cheque. The forms can be obtained from designated sale centers or downloaded from the webpage.
NAV Performance Chart
NAV, Sale & Surrender Price
| Date | NAV/Unit | Sale Price (Tk.) | Surrender Price (Tk.) |
|---|---|---|---|
| 14 Jan 2025 | 188.93 | 193.00 | 190.00 |
| 07 Jan 2025 | 190.15 | 193.00 | 190.00 |
| 30 Dec 2024 | 189.51 | 193.00 | 190.00 |
| 24 Dec 2024 | 189.00 | 193.00 | 190.00 |
| 17 Dec 2024 | 190.70 | 193.00 | 190.00 |
| 10 Dec 2024 | 188.50 | 193.00 | 190.00 |
| 03 Dec 2024 | 189.71 | 193.00 | 190.00 |
| 26 Nov 2024 | 186.98 | 193.00 | 190.00 |
| 19 Nov 2024 | 189.36 | 193.00 | 190.00 |
| 12 Nov 2024 | 278.44 | 193.00 | 190.00 |
Rights of the Unit Holders
Dividend
A minimum of 70% of the net income of the Fund will be distributed as dividends. All unit holders have equal and proportionate rights in respect to dividends.
Tax Exemption
Dividend income is tax-free for individual investors up to Tk. 25,000.00. Investment in the Fund by an individual assesse qualifies for tax credit under Section 44(2) of the Income Tax Ordinance, 1984.
Transfer of Units
Units can be transferred through inheritance, gift, or by specific operation of law.
Repurchase of Units
Unit holders may surrender their units on all working days except Thursdays and during book closure periods at the prevailing surrender price.
Lien
Loan facilities are available by pledging units with banks and financial institutions.
Documents
