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ASSIGNMEN
T ON
MUTUAL FUND
Submitted To:
Afia Akter Senior Lecturer Course instructor of Finance Department of Business Administration Northern ni!ersit"# Ban$%adesh Course &it%e' Financia% (nstitution and )arket Course Code' F(N*3301 Section: A
1.1 What is Mutual Fund? Ans: )utua% Funds are a%so kno+n as financia% (nstitution that poo% financia% recourses
and in!est in di!ersified portfo%ios, Se%% to share to raise fund, se fund to purchases portfo%io securities on capita% market and mone" market, &he issued capita% of a )utua% Fund is %imited# that is# a )utua% Fund offers a %imited num-er of certificates for sa%e to the pu-%ic, &he amount of capita% and the num-er of certificates of each )utua% Fund remains unchan$ed, )utua% Funds are independent of one another, A )utua% Fund -ein$ %isted is traded on the Stock ./chan$es, 0rice of )utua% Fund certificates after (01 is determined on the Stock ./chan$es throu$h interaction of supp%" and demand, &he market price of a )utua% Fund certificates is a!ai%a-%e in Stock e/chan$e 2uotations and in ne+spapers,
1.2 How to buy existing Mutual Funds? Ans: An in!estor can purchase an" of the e/istin$ ei$ht (CB )utua% Funds certificates
throu$h the Stock ./chan$es at the pre!ai%in$ )arket 0rice, 3o+e!er# if an in!estor -u"s )utua% Fund certificates throu$h the Stock ./chan$es he/she must -e carefu% to su-mit the certificates a%on$ +ith du%" fi%%ed*in transfer deed at (CB 3ead 1ffice to ensure that the certificates are re$istered in his/her name,
*" A++o#dability: 1f course# "ou don7t need a %ot of mone" to in!est in mutua% fund as the minimum in!estment in mutua% fund starts from 1#000 taka, A )utua% Fund -ecause of its %ar$e amount a%%o+s e!en a sma%% in!estor to take the -enefit of its in!estment strate$", ," 'ow -osts: )utua% Funds are a re%ati!e%" %ess e/pensi!e +a" to in!est compared to direct%" in!estin$ in the capita% markets -ecause the -enefits of sca%e in -rokera$e# and other fees trans%ate into %o+er costs for in!estors, ." /ax 0ene+its: &he ta/ -enefits that )utua% Funds in!estors en8o" at the moment are the treatment of %on$*term capita% $ains, Dou-%e ta/ation can -e a!oided -" in!estin$ in )utua% funds for %on$*term, 1" /#ans&a#ency: &he in!estor $ets re$u%ar information on the !a%ue of his in!estment in addition to disc%osure on the specific in!estments made -" the fund# the proportion in!ested in each c%ass of assets and the fund mana$er9s in!estment strate$" and out%ook,
1.* What is the 2a$e o+ 3-0 4nit Fund 5 Mutual Funds? Ans: 2a$e o+ 3-0 4nit Fund 5 Mutual Funds in 0angladesh:
Sl. No Name of The Mutual Fund Date of Issuance Address of Registration Certificate )ana$in$ Director 6 C.1 A()S First ;ranted )utua% 2<,01,2000 Fund Chandrashi%a Su!astu &o+er =>th F%oor?# @A/1# 0anthopath =.ast?# Dhaka*120> )ana$in$ Director 02 ;rameen )utua% Fund 1ne 2<,08,2001 ;rameen Bank Comp%e/# )irpur*2# Dhaka*121@ Chief ./ecuti!e 1fficer 0 (CB A)CL Fund 1
st
01
)utua% 2:,0>,2003 8# Ba8uk A!enue =1>th F%oor?# Dhaka*1000 *D1* *D1* *D1* *D1* *Do
(CB A)CL (s%amic )utua% 2:,08,200: Fund (CB A)CL nit Fund 03,0@,2003
(CB A)CL 0ension 3o%der 1>,0A,200: nit Fund (CB A)CL First NBB 01,11,200@ )utua% Fund (CB A)CL Second NBB 1<,03,2008 )utua% Fund )ana$in$ Director 8# Ba8uk A!enue =1>th F%oor?# Dhaka*1000
>
FD
2 nd 3 rd : th > th @ th
< th
8 th
1A80*1A81 1A81*1A82 1A82*1A83 1A83*1A8: 1A8:*1A8> 1A8>*1A8@ 1A8@*1A8< 1A8<*1A88 1A88*1A8A 1A8A*1AA0 1AA0*1AA1 1AA1*1AA2
21 23 21
2>,> 22,> 21,> 28 2A 2A 22 22 2>,> 23 2@ 2@ 1A 1A 23,> 20,> 1>,> 23,> 20,> 13,2> 1< 18 10 11 @ @
1AA2*1AA3 1AA3*1AA: 1AA:*1AA> 1AA>*1AA@ 1AA@*1AA< 1AA<*1AA8 1AA8*1AAA 1AAA*2000 2000*2001 2001*2002 2002*2003 2003*200: 200:*200> 200>*200@ 200@*200<
31,> :> >0 @0 <0 <0 100 12> 1<0 1<> 180 200 210 210 1A0=1B'2#2:0?
1<,>0 1:,>0 13,>0 1<,>0 1:,>0 13,>0 1<,>0 1> 18,>0 1@ 18,>0 1@ 23 1: 1> 1>
22,>0 18
&he net income recei!ed on in!estments of Funds on account of di!idend# -onus# interest# capita% $ain etc, are distri-uted amon$st the Certificate 3o%ders as per decision of the Board of Directors of (CB, Board dec%ares such income in the form of di!idend at the end of Eu%" each "ear, Di!idends dec%ared -" (CB in the past on the )utua% Funds +ere !er" attracti!e, &he "ear*+ise per certificate di!idend performance of the Funds is $i!en the a-o!e ta-%e, 6ividends on 3-0 4nit Fund 5 Mutual Funds +o# the yea# 28819 288::
<
&his is for information of a%% concerned that the Board of Directors of the (n!estment Corporation of Ban$%adesh in its fund re%ated meetin$ he%d on the 30th Eu%"# 2008 appro!ed Di!idends on (CB nit Fund 6 (CB )utua% Funds for the "ear ended 30th Eune 2008 as fo%%o+s'
S% No 1, 2, 3, :, >, @, <, 8,
Name of Fund First (CB )utua% Fund Second (CB )utua% Fund &hird (CB )utua% Fund Fourth (CB )utua% Fund Fifth (CB )utua% Fund Si/th (CB )utua% Fund Se!enth (CB )utua% Fund .i$hth (CB )utua% Fund
Di!idend 0er Certificate of =&k,? 100,00 each 2@>,00 <>,00 @>,00 @0,00 :>,00 30,00 30,00 2>,00
1,
Fund
=&C,
0er
20,00
&he record date for a%% (CB )utua% Funds +i%% -e 1:*08*2008, &he certificate ho%ders of nit Fund +hose names appeared in the respecti!e Be$isters on 30*0@*2008 +i%% -e entit%ed to the di!idend, /#aded issues o+ $utual +unds 2a$e and othe# #elated in+o+$ation is geven below in /able:
/he 6aily Sta# /#aded issues o+ $utual +unds 2ove$be# 28; 288:
Name of the Mutual Funds (st )#* M F+,A 3 )#* M F+,A 5rd )#* M F+,A 1 )#* M F+,A . )#* M F+,A 4th )#* M F+,A / )#* M F+,A 2 )#* M F+,A (st *S6S M F,A A)MS ( +,A )#* AM#L (st M F+,A )#* AM#L )slamic (st M F+,A Grameen M F One+,A )#* AM#L ( N6*+,A )#* AM#L 3nd N6*+,A Grameen(7 Scheme3+,A
st st th th th th nd
FV/ML TK/NO (--/. (--/. (--/. (--/((--/((--/((--/.(--/.(--/.(/3.-(--/.(--/.(-/.-(--/.(--/.(-/.-#losin& .(--!.(/0.!-0/4!/. 0/1!-0/-!.105!.4--!-12(!-2-(!.(5!.4 5/4!.340!/. 2.!(3/(!3. 3-5!3. .1!4-
Price #n& %" -!-/ 1!-0 ,-!(. ,-!32 (!-0 -!.( ,-!..!44 ,(!5. ,-!30 (!12 -!4. -!(3 -!21 -!10 -!5/
Last AGM (./-2/-/ (./-2/-/ (./-2/-/ (./-2/-/ (./-2/-/ (./-2/-/ (./-2/-/ (./-2/-/ ,,,,,,,,,, 0/(-/-/ (./-2/-/ (./-2/-/ 3./-5/-2 ,,,,,,,,, ,,,,,,,, ,,,,,,,,