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Fund Name

EDGE Al-Amin Shariah Consumer Fund

NAV as on

30.06.2022

NAV per Unit (BDT)

10.00

Investor’s Buy Price (BDT)

10.00

Investor’s Sale Price (BDT)

*IPO Subscription of EDGE Al-Amin Shariah Consumer Fund will remain open till August 31, 2022

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Fund Summary

Features

Description

NameEDGE AL-AMIN SHARIAH CONSUMER FUND
TypeOpen-End Mutual Fund
Life and Size of the FundPerpetual life and unlimited size
SponsorEDGE AMC Limited
Asset ManagerEDGE AMC Limited
TrusteeSandhani Life Insurance Company Limited
CustodianBRAC Bank Limited
Initial Size of the FundTk. 25,00,00,000 (Taka Twenty-Five Crore) divided into 2,50,00,000 (Two Crore Fifty Lakh) Units of Tk.10 (Taka Ten) each
Face ValueTk.10 (Taka ten) per Unit
NatureOpen end Mutual Fund with unlimited size.
ObjectiveTo maximize risk-adjusted return for Unit-holders by strictly investing in a portfolio of Shariah-compliant securities issued by the government/ related issuers, consumer oriented corporate entities and NGOs based in Bangladesh. The Fund will invest in Shariah compliant common and preferred equities, initial public offerings (IPO), quasi-equity securities, debt securities and Shariah-compliant money market instruments and deposits.
Minimum Application AmountTk. 5,000/- per application (500 Units) for individuals.
Tk. 50,000/- per application (5,000 Units) for institutions.
Not Applicable for SIP investors
TransparencyNAV will be calculated on a weekly basis and shall be published on the website of the Fund manager (www.EDGEAMC.com) and as prescribed in the Rule.
Target GroupIndividuals –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. The Fund will be best suited for the Shariah compliant investors aiming to invest for longer term (ideally for more than 3 years) and have above-average risk-taking abilities and higher return expectation.
DividendThe Fund shall distribute minimum 70%, or as may be determined by the ???????? from time to time, of the annual net income of the Fund as dividend at the end of each accounting period after making provision for bad and doubtful investments and future depreciation on investments. The Fund shall create a dividend equalization reserve by appropriation from the income of the Scheme.
Dividend DistributionThe dividend warrant will be distributed within 45 (forty-five) days from the date of declaration.
Tax Benefita) Income from a mutual fund or a unit fund up to tk. 25,000.00 (Twenty-Five Thousand) is exempted from tax under Income Tax Ordinance 1984.
b) Investment in the EDGE Al-Amin Shariah Consumer Fund would qualify for investment tax credit under section 44(2) of the Income Tax Ordinance.
c) The income of the Fund will also be exempted from Tax.
EncashmentThe Unit holders can surrender and encash their Units to the Asset Manager and through the authorized selling agents appointed by the Asset Manager. The Asset Manager or selling agent shall be liable to re-purchase the units on behalf of Fund.
TransferabilityThe Units of the Fund are transferable by way of inheritance/ gift and/ or by specific operation of the law.
Prospectus, Reports and AccountsEvery Unit holder is entitled to receive annual report along with the yearly and half-yearly statements of accounts as and when published on the asset management company’s website (www.EDGEAMC.com).
Systematic Investment Plan (SIP) FacilitySystematic 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 that is minimum BDT 1,000.
Cumulative Investment Plan (CIP) FacilityCumulative Investment Plan or CIP allows a unit-holder to re-invest dividend income declared by the Fund to be accrued for purchasing Units at the latest disclosed Sale Price after dividend declaration. Reinvestment through CIP allows investors to compound their earnings from capital gain and thus increase their wealth over time.

Fund Documents

MAILING ADDRESS

EDGE ASSET MANAGEMENT
Rupayan Prime, Unit B – 10 , House – 2, Road – 7, Dhanmondi, Dhaka – 1205, Bangladesh

Phone: +8801727 151503
E-mail: info@shazahan.info
Web: www.edgeamc.com