• ICL Balanced Fund

    An open-end Mutual Fund, a standardized product for both individuals and institutions, that invests in listed companies and fixed income securities, to strike a balance between future growth in investment and regular income for the investors.

    ICL Balanced Fund

    Quarterly Financial Statements:
    Half Yearly Financial Statements:
    Annual Financial Statements:
    Quarterly Portfolio Statements:
    Half Yearly Portfolio Statements:

    HISTORICAL NET ASSET VALUE (NAV) PER UNIT

    • 1 All amounts are in BDT
    • 2 Trustee committee has approved cash dividend of BDT 0.50 per unit for the year ended June 30, 2017. Record Date: August 10, 2017.
    • 3 Unit Buy/Sell of ICL Balanced Fund shall remain closed during the period due to book closure.
    • 4 Adjusted NAV after provisioning dividend for FY 2017-18. Trustee committee has approved cash dividend of BDT 0.80 per unit for the year ended June 30, 2018. Recored Date June 30, 2018.

    DIVIDEND POLICY


    • The Fund shall distribute minimum 70%, or as may be determined by the rules 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.

    • The fund may also declare dividend on semiannual or quarterly basis.

    • Dividends will be dispatched within 45 days from the declaration of such dividends.


    Investors of the ICL Balanced Fund will enjoy both Dividend Income and Capital Gain.

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    A Systematic Investment Plan or SIP is a very convenient and disciplined way of investing money in mutual funds. SIP allows an investor to invest a certain pre-determined amount at a regular interval (monthly, quarterly, semi-annually, annually, etc.). A SIP is a planned approach towards investments and helps to inculcate the habit of saving and building wealth for the future.
    SUITABILITY
    Any individual investor with a BO account can invest through SIP, after considering his/her risk objectives and risk tolerance.
    BENEFITS
    A. Flexibility & Affordability:
    SIP offers a systematic approach towards investment by allowing unit holders to invest multiple of BDT 1,000 by mentioning pre-determined amount for a specified period.

    B. Flexible Tenor:
    An investor can invest in the plan with an investment horizon of 2 years/3 years/5 years/10 years. Although, it is encouraged to continue SIP investments with a long-term perspective, there is no compulsion. Investors can discontinue the plan at any time after satisfying all the terms and conditions described in ‘Surrender Process’ which is discussed later.

    C. No Minimum Lot Size:
    Under SIP, there will be no minimum lot size. Based on the investment amount and available weekly NAV at that point of time, units will be credited to investor’s account. However, any fraction amount remaining will be converted when it sums up to one unit. The fractional amount will be kept as liability of the fund in a separate account head and will be adjusted with the next available investment amount.

    D. Cost Averaging:
    SIP scheme can help the investors to be benefited from cost averaging. Due to investments made in regular intervals, investors can by more units in bearish market and less units when the market is bullish. This is particularly helpful for retail investors because they can avoid investing larger sums in bull market and smaller sums in bear market.

    E. Discounted Purchase:
    SIP investors can purchase units at 1% discount from weekly sales price offered to investors who didn’t subscribe to SIP.

    F. CIP option for SIP Investment:
    SIP investors can enjoy cash dividend or Cumulative Investment Plan (CIP) where, the new units of the fund will be allotted to the investors which will be equivalent to the cash dividend.

    G. Tax Benefits:
    i. Dividend income from SIP investment is tax exempted up to BDT 25,000 under Income Tax Ordinance 1984.
    ii. At maturity of SIP Investment, Capital Gain is tax exempted for individual SIP investors.
    iii. Investment in the Fund will provide the same tax exemptions as investments which qualifies under section 44(2) of the Income Tax Ordinance, 1984.
    INVESTMENT HORIZON
    An investor can invest in the plan with an investment horizon of 2 years/3 years/5 years/10 years with the choice of a pre-determined amount to investment at a regular interval (monthly/quarterly/semi-annually/annually). At maturity, the investor may surrender or continue with existing/new plan.