UCB AML FIRST MUTUAL FUND

Fund Summary

Features

Description

Name of the Fund

UCB AML First Mutual Fund

Nature

Open-end Mutual Fund

Life and Size of the Fund

Perpetual life and unlimited size

Sponsor and Asset Manager

UCB Asset Management Limited

Trustee

Sandhani Life Insurance Company Limited

Custodian

BRAC Bank Limited

Initial Size of the Fund

20,00,00,000 (BDT Twenty Crore)

Face Value

BDT 10 per Unit

Minimum Subscription

500 Units per application for individuals

5,000 Units per application for institutions

(Not applicable for the SIP Investors)

Exit Load

For non-SIP Unitholders: An exit load will be applicable if the Units are surrendered before 360 days from the date of subscription. No exit load for surrendering afterwards.

For SIP Unitholders: An exit load will be applicable if the Units are surrendered before 3 years from the date of subscribing to the SIP scheme. No exit load for surrendering afterwards.

The ‘exit load’ will be determined by the management of the Asset Management Company considering the overall market liquidity and volatility.

Objective

The investment objective of the Fund is to generate superior risk adjusted return for the valued unit holders and provide attractive dividend payments to the unit holders through achieving capital appreciation as well as earning dividend and interest income.

Target Group

Individuals – both resident and non-resident, institutions – both local and foreign, registered mutual funds, collective investment schemes, trusts and societies/foundations are eligible to apply for investing in the Fund.

Dividend

The Fund shall distribute at least 70% of realized ‘Annual Income’1 of the Fund as dividend in Bangladeshi Taka or CIP (if requested by the investor) only net of provisions in each accounting year.

Dividend Distribution

The dividend warrant will be distributed within 45 (forty-five) days from the date of dividend declaration.

Transferability

The Units of the Fund are transferable by way of inheritance/ gift and/ or by specific operation of the law.

Systematic Investment Plan (SIP) Facility

Systematic Investment Plan or SIP allows investor to invest a certain predetermined amount at a regular interval (monthly, quarterly, yearly etc.). SIP is a planned approach towards investments and helps to inculcate the habit of saving and building wealth for the future. An investor can start SIP with a very small amount i.e. minimum BDT 5,000 or any multiple of BDT 1,000 if anyone wants to invest more than BDT 5,000.

However, the Asset Manager will have the discretion and can reduce the minimum SIP amount after evaluating the overall socio-economic condition of the investors/country.

Surrender and Encashment

The Unitholders can surrender and redeem their unit certificates through the Asset Management Company or through the selling agents appointed by the Asset Manager during the business hours as specified by the Asset Management Company.

Prospectus, Financial Reports and Information

The Unitholders of the Fund are entitled to receive the Audited Financial Statements of the Fund along with the yearly, half-yearly and quarterly statements of accounts. Weekly NAV of the Fund will be published in the online and printed newspapers and in the website of the Asset Manager (www.ucbaml.com).

Tax Benefit

Dividend income from the mutual fund up to BDT 25,000 is exempted from income tax payment for individuals 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

1Before deriving the annual distributable income and declaring dividend, the Fund shall provide for future depreciation on investments and appropriate provision for bad and doubtful investments to the satisfaction of the Auditors and shall also create a sufficient Dividend Equalization Reserve by appropriation from the income of the Fund.

Nav History

Date Fund Name Nav (Market Price) Buy Surrender
29/07/2021 UCB AML First Mutual Fund 11.00 11.00 11.00
19/07/2021 UCB AML First Mutual Fund 11.04 11.04 11.04
15/07/2021 UCB AML First Mutual Fund 10.83 10.83 10.83
08/07/2021 UCB AML First Mutual Fund 10.72 10.72 10.72
30/06/2021 UCB AML First Mutual Fund 10.68 10.68 10.68
24/06/2021 UCB AML First Mutual Fund 10.58 10.58 10.58
17/06/2021 UCB AML First Mutual Fund 10.46 10.46 10.46
10/06/2021 UCB AML First Mutual Fund 10.57 10.57 10.57
03/06/2021 UCB AML First Mutual Fund 10.66 10.66 10.66
27/05/2021 UCB AML First Mutual Fund 10.67 10.67 10.67
20/05/2021 UCB AML First Mutual Fund 10.54 10.54 10.54
12/05/2021 UCB AML First Mutual Fund 10.67 10.67 10.67
06/05/2021 UCB AML First Mutual Fund 10.42 10.42 10.42
29/04/2021 UCB AML First Mutual Fund 10.28 10.28 10.28
22/04/2021 UCB AML First Mutual Fund 10.22 10.22 10.22
15/04/2021 UCB AML First Mutual Fund 10.14 10.14 10.14
08/04/2021 UCB AML First Mutual Fund 10.11 10.11 10.11
Date

Portfolios

UCBAML1STMF – Quarterly Portfolio Statement as on 30 June 2021

Financial Statements