About Shanta Fixed Income Fund
Shanta Fixed Income Fund is a mutual fund scheme designed to generate stable returns at minimum risk for investors. It predominantly invests in high-rated fixed income securities (e.g., corporate bonds, government bonds, and money market instruments).
Professional Fund Management
Stable Returns at Minimum Risk
Flexible Payment Options
- SIP: Monthly instalments starting from BDT 1,000
- Lump sum: Investment in a single transaction
Tax Rebate for Investment up to BDT 5 Lac/Year
Easy Withdrawal with just a 4-Day Notice Period
CAGR
8.3%
As on 17 October, 2024
NAV
10.811
As on 17 October, 2024
AUM
953 M
As on 17 October, 2024
Inception
2 Years 5 Months
Since Aug 16, 2021
Risk Profile
Buy and Sale Rate
Per Unit Buy or Sale (Surrender) price of Shanta Fixed Income Fund for Regular Investors will be updated after the fund is launched.
| Date | NAV at Market Price/Unit (BDT) | Unit Buy Price (BDT) | Redemption Price (BDT) | Effective Date |
|---|---|---|---|---|
| 17-October-2024 | 10.811 | 10.811 | 10.811 | October 20 to October 24, 2024 |
Investment Options
SIP
SIP: Monthly investment plan, starting from BDT 1000/month
Historical Performance
*Note: Performance is calculated by adding historical dividends to the NAV.
Dividend History
| Year | Dividend |
|---|---|
| 2021 | 0.0% |
| 2022 | 2.0% |
| 2023 | 4.0% |
Search Historical NAV
Performance Calculator
The Return is:
CAGR:
*Note: Performance is calculated by adding historical dividends to the NAV.
| Features | Description |
|---|---|
| Name of the Fund | Shanta Fixed Income Fund |
| Nature | Open-end Fund |
| Life & size of the Fund | Perpetual life and unlimited size |
| Sponsor & Asset Management | Shanta Asset Management Limited (SAML) |
| Trustee | Bangladesh General Insurance Company Ltd. (BGIC) |
| Custodian | BRAC Bank Limited |
| Initial Size of the Fund | BDT 10,00,00,000 (Taka Ten Crore) divided into 1,00,00,000 (One Crore) units of BDT 10 (Taka Ten) each. |
| Face value | BDT 10/- of one unit each |
| Objective | To generate stables returns for the valued unitholders and provide attractive dividend to unitholders through generating dividend, interest income, capital appreciation and reserve. |
| Minimum Subscription | 500 Units per application for individuals 5,000 Units per application for institutions (Not applicable for SIP Investors) |
| Transparency | NAV, Sales Price and Repurchase Price will be calculated on a weekly basis and shall be published on the website of the Asset Manager (www.shanta-aml.com) and as prescribed in the Rule |
| Target Group | Individuals –both resident and non-resident, institutions–both local and foreign, registered mutual funds, collective investment schemes, trusts and societies/foundations are eligible to apply for investing in the Fund. |
| Dividend | Being an ‘Income Fund’, the Fund shall distribute at least 70% of realized 'Annual Income' of the Fund as dividend in Bangladeshi Taka or CIP (if requested by the investor) only net of provisions in each accounting year. |
| Dividend Distribution | 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 the law. |
| Systematic Investment Plan (SIP) facility | Systematic Investment Plan or SIP allows investor to invest a certain predetermined amount at a regular interval (monthly, quarterly, yearly etc.). 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 i.e. minimum BDT 1,000 or any multiple of BDT 500/1,000. |
| Surrender and Encashment | The unit holders can surrender and encash their unit certificates through the Asset Management Company or through the selling agents appointed by the AMC during the business hours as specified by the Asset Management Company. |
| Accounts and information | The unit holders of the Fund are entitled to receive the Audited Annual Reports of the Fund along with the yearly, half-yearly and quarterly statements of accounts as and when published from the official website of Asset Management Company. |
| Tax Benefit | Income will be tax free up to certain level, which is permitted as per Finance Act of Bangladesh. |
| Allowable / Eligible Investment | Investment in the Mutual Fund will qualify for investment tax credit according to the Section 44(2) under Income Tax Ordinance, 1984 |
- Statement & Portfolio
- Forms & Documents
- PSI
