CWT-Sadharan Bima Growth Fund (CWTSBGF)

Fund CWT-Sadharan Bima Growth Fund (CWTSBGF)
Type Open-End Mutual fund
Life and Size of the Fund Perpetual life and unlimited size
Sponsor Sadharan Bima Corporation
Asset Manager CWT Asset Management Company Ltd. (CWTAMC)
Trustee Investment Corporation of Bangladesh
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 (Taka ten) per Unit
Nature Open end Mutual Fund with unlimited size
Objective The objective of the CWT-Sadharan Bima Growth Fund is to generate growth of capital, with a secondary objective of current income through optimizing asset allocation in capital market and money market within regulatory framework.
Minimum Application Amount BDT 1,000 per application (100 Units) for individuals and SIP investors, and BDT 50,000 per application (5,000 Units) for institutions.
Transparency NAV will be calculated on a weekly basis and shall be published on the web-site of the Fund manager (www.cwtamc.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 fifty (50) percent of realized income of the Fund will be distributed as dividend in Bangladeshi Taka in each accounting year.
Tax Benefit a. Income from a mutual fund or a unit fund up to BDT 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 from Tax.
Encashment The Unit holders can surrender and can 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.
Transferability The Units of the Fund are transferable by way of inheritance/ gift and/ or by specific operation of the law.
Prospectus, Reports and Accounts Every 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.cwtamc.com).
Systematic Investment Plan (SIP) Facility Systematic 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 cultivate 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.

Fund Documents

General

Validity Date Publishing Date NAV Sale Price Repurchase Price DSEX INDEX
13-09-2020 to 16-09-2020 13-09-2020 10.06 10.00 9.70 5011.30
20-09-2020 to 23-09-2020 20-09-2020 10.12 10.00 9.70 5104.65
27-09-2020 to 30-09-2020 27-09-2020 9.89 9.89 9.89 4978.78
04-10-2020 to 07-10-2020 04-10-2020 9.89 9.89 9.89 4995.32
11-10-2020 to 14-10-2020 11-10-2020 9.82 9.82 9.82 4916.97