Investasia Capital & Asset Management Limited

Fund Summary

Features Description
Name of the Fund Investasia Growth Fund
Type Open-End Mutual Fund
Life and Size of the Fund Perpetual life and unlimited size
Investment Objective To create a trust to launch an open end growth oriented Open-End Mutual Fund in the Bangladesh Capital Market with the objective to provide a capital market based platform for investors.
Sponsor Investasia Capital & Asset Management Ltd.
Asset Manager Investasia Capital & Asset Management Ltd.
Trustee Sentinel Trustee and Custodial Services Ltd. (STCSL)
Custodian Sentinel Trustee and Custodial Services Ltd. (STCSL)
Initial Size of the Fund BDT 250,000,000.00 (Twenty Five Crore Taka) divided in to 25,000,000 (Two Crore Fifty lac) Units of BDT10.00 (Ten Taka) each
Face Value BDT 10.00 (Ten Taka) per unit
Minimum Application Amount 500 units equivalent to BDT 5,000 (during public subscription) for individuals 5,000 to BDT 50,000 (during public subscription) for institutions (Not applicable for SIP Investors)
Loads Entry Load: NIL (purchase price is NAV at market price), Exit Load: Maximum 3% discount from NAV at Market Price. The Loads may vary as per the decision by the Board of the Asset Management Company.
Transparency / NAV Disclosure NAV, Purchase Price and Surrender Price will be disclosed on weekly basis and will be published on website, notice board of the AMC and one national daily newspaper as per prescribed rule
Target Group Individuals–both resident and non-resident, institutions– both local and foreign, mutual fund sand Collective Investment Schemes are eligible to subscribe the units of the Fund
Dividend Minimum 50% (Fifty percent) of realized profit of the Fund will be distributed as dividend in Bangladeshi Taka or SIP (if requested by the investor) only in each accounting year
Dividend Distribution The dividend warrant will be distributed within 45 (forty-five) days from the date of declaration
Transferability The Units of the Fund are transferable by way of inheritance/gift and /or by specific operation of the law
Liquidity The Unit holders can surrender and encash their units to the Asset Manager and through the selling agents appointed by the Asset Manager during the business hours as specified by the Asset Management Company
Systematic Investment Plan (SIP) Systematic Investment Plan or SIP allows investor to invest a certain pre-determined amount at a regular interval (monthly, quarterly, yearly etc.). A SIP is a planned approach towards investments and helps to inculcate the habit of saving and building wealth for the future. Investor can start SIP with a very small amount.
Reports and Accounts Every Unit holder is entitled to receive annual report along with the quarterly, half-yearly, annual financial statements and portfolio statements as and when published in the official web site of the Asset Manager
Tax Benefit Income from the Mutual Fund up to BDT 25,000.00 is exempted from tax according to the 6th Schedule, Part A under Income Tax Ordinance, 1984
Allowable / Eligible Investment Investment in the Mutual Fund will qualify for investment tax credit according to the Section 44(2) under Income Tax Ordinance,1984