| Fund Name | NAV as on | NAV per Unit(BDT) | Investor's Buy Price(BDT) | Investor's Sale Price(BDT) |
|---|---|---|---|---|
| Sandhani AML SLIC Fixed Income Fund | 2024-11-14 | 11.24 | 11.24 | 11.24 |
*Buy and Sale price will remain valid between 17 - 20 November, 2024
| Feature | Description |
|---|---|
| Fund Name | “Sandhani AML SLIC Fixed Income Fund” |
| Nature/Type | This is a special purpose open ended fund with primarily focusing on fixed income securities |
| Registered and Corporate Office | 16 Motijheel, C/A (4th Floor), Dhaka-1000 |
| Regulatory approval | The Fund received Regulatory Approval and Registration from the Bangladesh Securities and Exchange Commission on 10 April 2022 (Ref: BSEC/Mutual Fund/2022/130). |
| Fund Objective | To generate return through investments mostly in a range of fixed income securities; predominantly in government securities as well as investment grade corporate bonds and money market instruments while maintaining the optimum balance of yield, safety and liquidity. |
| Sponsor | Sandhani Life Insurance Company Limited |
| Trustee | Bangladesh General Insurance Company Limited (BGIC) |
| Custodian | BRAC Bank Limited |
| Asset Manager | Sandhani Asset Management Limited |
| Auditor | S. F. Ahmed & Co. |
| Initial Size of the Fund | Initial target fund size is BDT 50 crore (BDT Fifty crore) i.e. 5 crore units of BDT 10/- per unit |
| Structure | From Sponsor (SLIC) : BDT 10 crore (BDT Ten crore) From Public Subscription : BDT 40 crore (BDT Forty crore) |
| Face Value | BDT 10/- per unit |
| Minimum Application Amount | BDT 5,000/- per application (500 Units) for individuals. BDT 50,000/- per application (5,000 Units) for institutions. Not Applicable for SIP investors |
| Loads | The difference between selling price and repurchase price per unit shall not exceed 1% (one percent) of the NAV per unit at fair value of the Fund, provided that redemption did not take place within 1 (One) year of purchase of unit or redemption amount did not exceed 50% of the outstanding unit holding. In case of redemption before 1-year of holding maximum additional 1% load can be imposed. In case of redemption of more than 50% of outstanding unit holding further additional 1% load can be imposed. However, investor holding investment of less than TK 5 lac shall not be subject to additional 1% exit load in case of redemption. |
| Transparency | NAV will be calculated on a weekly basis and shall be published on the website of the Asset Manager (www.sandhaniaml.com) and as prescribed in the Rule |
| Target Group | Individuals – both resident and non-resident, institutions – both local and foreign, mutual funds and collective investment schemes are eligible to subscribe the Units of the Fund. |
| Tax Benefit | Income or dividend of the Fund is subject to Tax in accordance with the provisions of the Income Tax ordinance 1984. Investment in the Fund will qualify for tax credit according to clause 10(1) of Schedule 6, Part B read with section 44(2) of the Income Tax Ordinance 1984. All capital gain and interest income within the Fund will be tax exempt. However, the provision of the Income Tax Ordinance is subject to amendment by the Government every year through the Finance Act. As such the Sponsor, Asset Manager or the Trustee does not give any guarantee or undertaking that the provisions will remain same in the next financial year of Bangladesh. If the Unit Holder is a non-resident in Bangladesh said Unit Holder may get tax exemption subject to Double Taxation Avoidance Convention between the Government of Bangladesh and the Government of country of residence of the Unit Holder. |
| Dividend Policy | The Sandhani AML SLIC Fixed Income Fund aims to achieve long-term capital appreciation and shall not provide any dividend. The unitholders can realize their returns through redemption of the units during the business hour as specified by the Asset Management Company. |
| Transferability | The Units of the Fund are transferable by way of inheritance/ gift and/ or by specific operation of the law. |
| Liquidity/Encashment | 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) Facility | 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 yearly, half yearly and monthly statements of accounts as and when published on the asset management company’s website (www.sandhaniaml.com). |
