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Grameen One: Scheme Two

 

Features Description
Fund name Grameen Mutual Fund One
Scheme name Grameen One: Scheme Two
Scheme size Tk1,250,000,000 (Taka one billion and two hundred fifty million) divided into 125,000,000 (one hundred twenty five million) units at par value of Tk10 each
Face value Tk10 of one unit each
Nature Close-end Mutual Fund Growth Scheme with 15 years tenure
Objective To achieve capital appreciation as well as earn dividend and interest income
Target investors Individuals, institutions, mutual funds and NRBs are eligible to apply for investment in the Fund
Target amount Tk1,250,000,000 (Taka one billion and two hundred fifty million) including contribution of Sponsor, entitlement for existing unitholders of the Fund and institutional private placement
Dividend Being a ‘Growth Scheme’, the Scheme shall distribute at least 50% of the ‘Annual Income’[1] of the Scheme, as dividend, at the end of each accounting year, net of provisions
Mode of distribution Dividend warrants will be dispatched within 45 days from the declaration of such dividends
Transferability Units are freely transferable; the transfer will be made by the CDBL under electronic settlement system
Tax exemption Investment in the Scheme by an individual assessee will qualify for investment tax credit under Section- 44(2) of the Income Tax Ordinance, 1984, besides, dividend, interest and capital gains of the Scheme shall be fully tax‑exempt under the Sixth Schedule, Part A, Para-30 of the Income Tax Ordinance, 1984
Accounts and information The unitholders of the Scheme are entitled to receive the audited Annual Reports of the Scheme in addition to the monthly publication of the NAV of the Scheme in the newspapers and online at the Stock Exchanges

 

 

B = Bonus Units 

*** Re-Investment Units