*Sell and Surrender of units will remain valid between Jun 26 – 29, 2022.
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Fund Summary
Features
Description
Name of the Fund
EDGE High Quality Income Fund
Nature
Open end Mutual Fund
Life & size of the Fund
Perpetual life and unlimited size
Sponsor & Asset Manager
EDGE AMC Limited
Trustee
Sandhani Life Insurance Company Limited
Custodian
BRAC Bank Limited
Initial Size of the Fund
Tk 25,00,00,000 (Taka Twenty Five Crore) divided into 2,50,00,000 (One Crore) Units of Tk. 10 (Taka Ten) each
Face value
Tk. 10 (Taka Ten) per Unit
Objective
To maximize total investment return with high safety and liquidity-balance by investing principally in a portfolio of fixed and floating rate debt (or fixed income generating) securities and debt obligations issued by government, government-related issuers or corporate entities or NGOs based in Bangladesh. The Fund will invest only in invest ment grade debt securities and may also invest in money market instruments, convertible bonds and initial public offerings (IPOS) of debt and equity securities
Minimum Subscription
Tk. 5,000/- per application (500 Units) for individuals
Tk. 50,000/- per application (5,000 Units) for institutions
Not Applicable for SIP investors
Transparency
NAV 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 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
Dividend
Minimum 70 (seventy) percent of realized income of the Fund will be distributed as Dividend in Bangladeshi Taka 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 law
Surrender and Encashment
The Units 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 the Fund
Tax Benefit
a) 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 Unit 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 form Tax