Point

PRODUCTS

About AAML Unit Fund

SIZE OF ISSUE:
  • INITIAL SIZE TK. 100,000,000 (BDT ONE HUNDRED MILLION) OF 10,000,000 (TEN MILLION) UNITS OF BDT 10 (BDT TEN) EACH
  • INITIAL/OPENING PRICE :BDT 10 (BDT TEN) PER UNIT
Sponsor
Assurance Asset Management Ltd.
Mobarak Palace
House-23/A, Road No-2
Banani DOHS,
Dhaka Cantonment, Dhaka-1206
Asset Management Company
Assurance Asset Management Ltd.
Mobarak Palace
House-23/a, Road No-2
Banani DOHS,
Dhaka Cantonment, Dhaka-1206
Trustee
Investment Corporation of Bangladesh(ICB)
8, D I T Avenue (Level 14-17), Dhaka, Bangladesh
Custodian
BRAC Bank Ltd.
Head Office - Anik Tower (11th floor)
220/B Tejgaon I/A, Dhaka-1208
Mobile : +88 01713 187 702
Tel : +88 02 8801301-32 | Ext. - 64
Auditor
Banker
United Commercial Bank Ltd.
Bulus Center
Plot - CWS- (A)-1
Road No - 34
Gulshan Avenue, Dhaka-1212

Benefits of the Fund

  • Safety: Out unit fund will be the safest investment instrument in terms of both lower return volatility and security of investment. The fund will issue the units in electronic form and thus eliminates the associated problems of safekeeping of paper certificate. The unit subscription and Surrender data will be stored separately in two different places at the same time; to the Custodian and Asset Manager.
  • Automated Transaction Processes: All the transactions of the Unit Fund will be performed on the online based transaction module in electronic form. Initially the transaction agents will facilitate the registration of Investors and help them to purchase, redeem or transfer the units. In near future, investors themselves can perform the transactions of their units using the dedicated platform provided by us.
  • Liquidity: The Unit Fund will be the most liquid unit fund to date. The unit holder of the fund will be able to redeem the units of the fund to the asset manager on all working days except initially on Thursdays and during book closure period of the Fund. The Surrender request of amount below or equal to Tk. 5000.00 (five thousand) only will be processed instantly within the day, which will make our Unit Fund a highly liquid investment tool for its investors.
  • NAV Based Pricing: Purchase and Surrender price of our Unit Fund will be fixed at least once a week based on the Net Asset Value (NAV). As the price is not fixed by demand and supply of the fund in the market, the risk of abnormal price fluctuation can be avoided for our Unit Fund compared to exchange traded stocks and other closed end mutual funds.
  • Easy Access to Information: Investors will be able to get their individual fund related information by visiting the website of our company. They will be able to observe their investment status by logging in to their individual investor ID and they will also be able to easily get the basic information through SMS inquiry.
  • Transparency and Accountability: Our Unit Fund will be operated under strict supervision and regulation of BSEC and sponsor appointed Trustee.
  • The asset manager will be under obligation to disclose weekly, monthly, quarterly, semiannual and annual reports containing relevant information to BSEC, Trustee, Custodian and public as per The Securities and Exchange Commission (Mutual Fund) Rule, 2001.
  • Tax Benefit: The unit holders of the fund will enjoy tax benefits in two ways; 15% tax rebate benefit on the investment amount up to 30% of income or Tk. 1.5 crore whichever is lower. Dividend income from the fund is tax exempted up to Tk. 25,000.00 only
  • Cumulative Investment Plan: The Cumulative Investment Plan option will provide the investors with opportunity to re-invest the dividend to the fund’s units at the prevailing market prices

AAML Islamic Fund

Proposed