AIMS of Bangladesh

AIMS FIRST GUARANTEED MUTUAL FUND

AIMS of Bangladesh conceived the idea and launched the Tk70 million pioneering first mutual fund in Bangladesh under private initiative the AIMS First Guaranteed Mutual Fund in year 2000 with a five year initial tenure, as the Asset Manager. Initially the size was contemplated at Tk50 million only but owing to unprecedented over-subscription for the IPO (about nine times) the size was increased by another Tk20 million on public demand. The fund was sponsored by top ranked financial institutions representing every segment of the local financial sector, which played a pioneering role in developing a matured investment culture in the country. The proud Sponsors are IDLC Finance L:imited (formerly IDLC of Bangladesh Limited), IPDC of Bangladesh Limited, Southeast Bank Limited, Uttara Finance & Investments Limited, Pangaea Partners (BD) Limited, Sandhani Life Insurance Company Limited, Sandhani Credit Cooperative Society Limited and Bangladesh Industrial Finance Company Limited. The size of the fund was later increased to Tk140 million by the enthusiastic general unit-holders and the life extended by another ten years in 2005. In 2007 the paid-up capital was furthert raised to TK168 million through distribution 20% stock dividend to all unitholders. Bangladesh General Insurance Company Limited, the first general insurance company of Bangladesh is the Trustee of the fund and the Standard Chartered Bank is the Custodian. It has paid dividends ranging between 7%-30% to the unit holders during the past years. The closed-end fund has a unique capital guarantee feature, hitherto unknown in the local market. It is listed at the Dhaka and the Chittagong Stock Exchanges.

Fund & Scheme Name	AIMS First Guaranteed Mutual Fund
Paid of Capital: Date of Listing	Tk 168 million 28 May 2000
Tenure:	Redemption at maturity on June 30, 2015 after original maturity of five years ended in June 2005.
Capital Guarantee:	Originally the capital of the Fund was underwritten at redemption by IDLC and AIMS during the initial five years of life. Later in 2005 the unitholders resolved to reduce the guarantee to 50% underwritten only by AIMS. This translates that 50% of the paid-up capital loss (difference between the face value and net asset value when the latter is lower) will be borne by AIMS at the time of redemption.
Face Value:	Tk 1 (Taka one only)
Market Lot:	2,500 units of Tk 1 each
Tax Status:	Investment and income, including capital gain, of the Fund is tax exempt
Investment Parameter:	Unlike traditional mutual funds available in Bangladesh, the Fund is investing in both equity (stock market) and fixed income securities (FIS)
Nature & Style
This team-managed all-weather Fund is a closed-end capital guaranteed balanced mutual fund. It mostly will focus on preservation of principal and at the same time earn moderate return for the shareholders. Because of the balanced nature, the Fund is less risky than the existing all-equity mutual funds available in the market. The portfolio will be a growth-value blend basket of large-cap as well as small-cap stocks and a mix of fixed income securities. In order to increase the profit potential, the management company will have the flexibility to use market timing to move between stocks and Fixed Income Securities in any percentage they deem prudent when investment conditions change. The management company will adopt both fundamental and quantitative investing approach for the Fund. All investment decisions will be backed by thorough in-house fundamental and technical research.
Manager
AIMS of Bangladesh Limited	Asset & Investment Management Services of Bangladesh Limited, the conceiver of the concept, is the Manager of the Fund. Mr. Monzurul Haque is the Chairman and Mr. Yawer Sayeed is the Managing Director & CEO of the company.
Sponsors
IPDC of Bangladesh Limited	IPDC is the premier joint venture private sector development finance institution operating since 1981. Mr. K. M. Ejazul Huq, Secretary, Ministry of Industries is the Chairman and Mr. C. M. Alam FCA the Managing Director. The company is owned by IFC, CDC, DEG, AKFED and Government of Bangladesh.
Sandhani Life Insurance Company Limited	Sandhani Life is a leading private life insurance company of the country, operating since 1993. It is chaired by Al-Haj Mockbul Hossain MP. Mr. Ahasanul Islam Titu MBA is the Vice Chairman and Mr. M. A. Karim the Managing Director.
Pangaea Partners (BD) Limited	Pangaea is a joint venture merchant bank with a US investment banking and consulting institution. Mr. Eric G. Postel is the Chairman and Mr. Irshadul Islam the Managing Director.
IDLC of Bangladesh Limited	IDLC, operating since 1986, is the pioneer in leasing business in Bangladesh sponsored by IFC, DEG, AKFED, KDLC, KLB, IPDC, CBL and SBC. Mr. C. M. Alam FCA is the Chairman and Mr. Aminul Islam is the Managing Director.
Southeast Bank Limited	Southeast is engaged in commercial banking since 1995. Mr. Yussuf Abdullah Harun is the Chairman and Mr. Syed Anisul Huq is the Managing Director of the Bank.
Uttara Finance & Investments Limited	Uttara, a leasing and financing company, is a joint venture between Uttara Group and Singapore based investors. Mr. Rashid-ul Hasan is the Chairman and Mr. Sayyed Husain Jamal is the Managing Director.
Sandhani Credit Cooperative Society Limited	Sandhani Credit operating since 1998 has established their name in mobilizing and lending funds to the small and medium enterprises. It is chaired by Al-Haj Mockbul Hossain MP.
Bangladesh Industrial Finance Co. Ltd	BIFC is a newly established finance and leasing company under joint venture with Hong Kong. Mr. Golam Kabir is the Chairman and Mr. Khalilur Rahman is the Managing Director. Major (Retd) Abdul Mannan MP is an Alternate Director.
Trustee
Bangladesh General Insurance Company Limited (BGIC)	BGIC is the first general insurance company of Bangladesh in the private sector operating since 1985. Mr. Towhid Samad is the Chairman of the company. He along with Mr. Khorshed Alam, former Governor of Bangladesh Bank, and Mr. Anisuzzaman FCA are in the Trustee Committee.
Custodian
Standard Chartered Bank	SCB is a British Bank operating in Bangladesh for over 55 years. They have been providing custodial services to foreign institutional investors. They are experienced and skilled in this line of service.