EDGE High Quality Income Fund- EDGEHQIF

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Fund Name

EDGE High Quality Income Fund

NAV as on

23.06.2022

NAV per Unit (BDT)

10.15

Investor’s Buy Price (BDT)

10.15

Investor’s Sale Price (BDT)

10.15

*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