Purchase /Surrender/Transfer Procedures

The Units of the Mutual Fund can be bought / surrendered through CWTAMC and authorized selling agents appointed by the Asset Manager from time to time and any other procedure as prescribed by the Asset Manager. Surrender of units is allowed only through CWTAMC or the selling agents from which the units are originally purchased.

Application Process

Application must be made by an individual (both resident and non-resident), a corporation or company (both local and foreign), a trust or a society (registered in or outside Bangladesh) and not by a firm, minor or person of unsound mind. Applications from the Insurance, Financial / Capital Market Intermediaries or any other Companies must be accompanied by Memorandum and Articles of Association.

Joint application by two persons is acceptable. In such cases, registration and issuance of “Confirmation of Unit Allocation” will be in favor of principal applicant while dividend and other benefits, if any, will be addressed to the bank account of principal applicant mentioned in the application form / bank account mentioned in BO account. In case of the death of any of the joint holders, only the survivor shall be recognized as having any title to the Units. On death of both the joint holders, the title to the units will bestowed upon the nominee mentioned in the application form.

Minimum Purchase Amount

BDT 5,000 per application (500 Units) for individuals and BDT 1,000 per application (100 units) for SIP investors, and BDT 50,000 per application (5,000 Units) for institutions. The unit purchase price will vary depending on the NAV of the mutual fund. The minimum subscription amount for the individual or institution may change in the future upon due approval from the trustee.

Purchase Procedure

Application for purchase of units should be accompanied by an account payee cheque / pay order / bank draft in favor of the fund’s name (i.e. CWT Emerging Bangladesh First Growth Fund)’ for the total value of units.
 
After clearance / encashment of the cheque / pay order / bank draft, the applicant will be issued with a “Confirmation of Unit Allocation” against every purchase of units he / she / the institutional investor applies for; the units will be delivered to the unit-holder’s BO A/C.

Surrender Procedure

Partial surrender (fraction of total units held under a Unit Allocation Confirmation) is allowed without any additional cost subject to minimum surrender quantity is 100 (One Hundred) units for individuals and 5,000 (Five Thousand) units for institutions. Upon partial surrender, the unit-holder will be issued with a new “Confirmation of Unit Allocation” representing the balance of his / her / its unit holding.

Full surrender of units is also allowed without any additional cost. For both, partial and full surrender, investor must submit surrender form to CWTAMC and submit CDBL transfer form to respective brokerage house.

Transfer Procedure

Partial surrender (fraction of total units held under a Unit Allocation Confirmation) is allowed without any additional cost subject to minimum surrender quantity is 100 (One Hundred) units for individuals and 5,000 (Five Thousand) units for institutions. Upon partial surrender, the unit-holder will be issued with a new “Confirmation of Unit Allocation” representing the balance of his / her / its unit holding.

Full surrender of units is also allowed without any additional cost. For both, partial and full surrender, investor must submit surrender form to CWTAMC and submit CDBL transfer form to respective brokerage house.

Transfer Procedure

The Units may be transferred by way of inheritance/gift and/or by specific operation of the law. In case of transfer, the Fund may charge a nominal fee as decided by the Asset Manager from time to time except in the case of transfer by way of inheritance.

Systematic Investment Plan (SIP)

A Systematic Investment Plan or SIP is a smart and easier mode for investing money in mutual funds. SIP allows an 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 inculcate the habit of saving and building wealth for the future.

Buy and Surrender SIP Process: An investor can invest through SIP either by auto debit system provided against investor’s Bank Account or by providing monthly predetermined cheques via selling agents at a regular interval (monthly, quarterly, yearly etc.). Investor must have a BO Account. Investor will get SIP units in their BO Accounts based on a discount from the latest/ongoing effective Weekly Sale price of the fund.

It is advisable to continue SIP investments with a long-term perspective, there is no compulsion. Investors can discontinue the plan at any time. If an investor wants to terminate the SIP before 2 (two) years, up to 1% discount from the repurchase/ surrender price will be applicable on total accumulated invested amount on the date of cancellation of the scheme. After maturity of SIP, the investor can easily surrender through AMC or Selling Agents.

Dividend and Cumulative Investment Plan (CIP)

Dividend will be delivered in cash or by way of units under Cumulative Investment Plan (CIP) as the applicant gives option in the application form.

All payments / receipts in connection with or arising out of transactions in the units shall be in Bangladeshi Taka.