Capitec Padma P. F. Shariah Unit Fund is an open-end Shariah-compliant mutual fund. The fund invests in Shariah-compliant securities and generates returns from those investments.
Capitec Padma P. F. Shariah Unit Fund is an open-end Shariah-compliant mutual fund. The fund invests in Shariah-compliant securities and generates returns from those investments.
| Feature | Description |
|---|---|
| Fund Name | Capitec Padma P. F. Shariah Unit Fund |
| Nature | Open-end Shariah compliant mutual fund |
| Initial Size of the Fund | Taka 100,000,000 divided into 10,000,000 units at par value of Taka 10 each. |
| Tenure & Size of the Fund | Perpetual life and unlimited size |
| Sponsor | Padma Islami Life Insurance Limited Employees Provident Fund |
| Trustee | Investment Corporation of Bangladesh (ICB) |
| Custodian | Investment Corporation of Bangladesh (ICB) |
| Asset Manager | Capitec Asset Management Limited |
| Face Value | Taka 10.00 per unit. |
| Minimum Application Quantity | Taka 5,000 per application (500 units) for Individuals Taka 50,000 per application (5,000 units) for Institutions Not Applicable for SIP Investors. |
| Objectives | The objective of the fund is to provide risk adjusted return through dividend to unit holders by investing in Islamic shariah compliant securities in the capital market and money market. |
| Prospective Investors | Domestic and foreign institutions, particularly Islamic Financial Institutions, domestic retail investors and Non-Resident Bangladeshis (NRBs), Mutual Funds and Collective Investment Schemes who have a desire in making Shariah compliant investments. |
| Shariah Supervisory Board | The Fund shall be managed under Shariah Law. In this regard a Shariah Supervisory Board shall be formed to ensure the compliance of Shariah Guidance. Hence the Board shall formulate “Shariah Supervisory Guidance” for the fund and submit it to the commission. |
| Dividend Policy | Minimum 70% (seventy) income of the fund shall be distributed as dividend in Bangladeshi Taka only at the end of each accounting year. The Fund shall create a dividend equalization reserve to ensure consistency in dividend payout. |
| Mode of Distribution | The dividend will be distributed within 45 days from the date of declaration. |
| Transferability | The units of the fund shall be freely transferable by way of inheritance/gift and/or by specific operation of the law. |
| Systematic Investment Plan (SIP) | Systematic Investment plan or SIP allows investor to invest a certain predetermined amount at a regular interval (monthly, quarterly, semiannually, annually, 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 1,000. |
| Encashment | The unit holders can surrender their units during the business hours as specified by the Asset Management Company. The Asset Management Company shall be liable to Repurchase the units on behalf of the Fund. |
| Tax Benefit | Income will be tax free up to certain level, which is permitted as per finance act. Investment in the fund would qualify for investment tax credit under section 44 (2) of the Income Tax Ordinance 1984. Details regarding this tax benefit has discussed in the chapter 6 of this prospectus. |
| Reports & Financials | Yearly, Half-yearly, Quarterly Financial Statements and Prospectus of the fund shall be available on the website of the Asset Management Company (www.capitecbd.com). |
| Date | NAV (MARKET PRICE) |
|---|---|
| 06 Feb 2025 | 7.59 |
| 13 Feb 2025 | 7.57 |
| 20 Feb 2025 | 7.62 |
| 27 Feb 2025 | 7.67 |
| 06 Mar 2025 | 7.54 |
| 13 Mar 2025 | 7.50 |
| 20 Mar 2025 | 7.46 |
| 27 Mar 2025 | 7.52 |
| 10 Apr 2025 | 7.62 |
| 17 Apr 2025 | 7.59 |
| Fund Name | Year Closing | Dividend(%) | Remarks |
|---|---|---|---|
| Capitec Padma P. F. Shariah Unit Fund | 2023-2024 | No Dividend | |
| 2022-2023 | No Dividend | ||
| 2021-2022 | 12.50% | Operation During Covid Pendamic | |
| 2020-2021 | 7% | Operation During Covid Pendamic | |
| 2019-2020 | 5% | Operation During Covid Pendamic | |
| 2018-2019 | 3% | 3 months of operation |