Capitec Popular Life Unit Fund is an open-end mutual fund. The fund is sponsored by Popular Life Insurance Company Limited and managed by Capitec Asset Management Ltd. The Trustee and Custodian of the fund is the Investment Corporation of Bangladesh (ICB). The fund seeks to achieve its investment objective by investing in diverse asset classes in the Bangladeshi market to generate returns.
| Feature | Description |
|---|---|
| Fund Name | Capitec Popular Life Unit Fund |
| Nature | Open-end mutual fund |
| Initial Size of the Fund | Taka 250,000,000 divided into 250,00,000 units at par value of Taka 10 each. |
| Tenure & Size of the Fund | Perpetual life and unlimited size |
| Sponsor | Popular Life Insurance Company Limited |
| 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 | 500(Five Hundred) units for Individuals 5,000 ( Five Thousand) units for Institutions Not Applicable for SIP Investors |
| Objectives | The objective of the fund is to provide maximum risk adjusted returns to investors in the forms of dividend by investing the fund in authorized instruments of capital market and money market in Bangladesh. |
| Prospective Investors | 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 Policy | 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. |
| 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). Also, the quarterly portfolio statement of the fund is available in the website of AMC. |
| Date | NAV (MARKET PRICE) |
|---|---|
| 06 Feb 2025 | 8.84 |
| 13 Feb 2025 | 8.97 |
| 20 Feb 2025 | 9.05 |
| 27 Feb 2025 | 9.01 |
| 06 Mar 2025 | 8.95 |
| 13 Mar 2025 | 8.90 |
| 20 Mar 2025 | 8.87 |
| 27 Mar 2025 | 8.90 |
| 10 Apr 2025 | 8.92 |
| 17 Apr 2025 | 8.93 |
| Fund Name | Year Closing | Dividend(%) | Remarks |
|---|---|---|---|
| Capitec Popular Life Unit Fund | 2023-2024 | No Dividend | |
| 2022-2023 | 9.50% | Operation During Covid Pendamic | |
| 2021-2022 | 15% | Operation During Covid Pendamic | |
| 2020-2021 | 15% | Operation During Covid Pendamic | |
| 2019-2020 | 2% | 2 Months of Operation |