Business Desk :
Shanta First Income Unit Fund (SFIUF) declared dividend of 5 percent for the Fiscal Year (FY) 2018 ended on 30 June 2018 after operating only for four months, said a press release.
Shanta Asset Management Limited (SAML) – the sponsor of the fund – informed that shareholders who hold units on 30 June 2018 will be eligible for the declared dividend. During this time; the fund has generated BDT 0.58 Earnings Per Unit (EPU).
The subscription for the fund was commenced on 14 February 2018. Remarkably, the entire subscription was completed in the very first day of the subscription (14 February 2018).
SFIUF commenced investing from the first week of March 2018. Driven by efficient fund management and rigorous research, the fund continuously outperforms the broad index of Dhaka Stock Exchange.
The fund generated NAV return of 7.1 percent whereas DSEX, the broad index, declined 7.9 percent, outperforming the broad index by 15.0 percent.
Mohammad Emran Hasan, Chief Executive Officer (CEO) of SAML said, “In-depth research and discipline are utmost priority in fund management. We put our best effort on quality research for superior risk adjusted return.” Emran added, “In developed countries individual investors generally invest in the capital market through open-end mutual funds. Even in India, open-ended mutual funds are very popular.
Shanta First Income Unit Fund (SFIUF) declared dividend of 5 percent for the Fiscal Year (FY) 2018 ended on 30 June 2018 after operating only for four months, said a press release.
Shanta Asset Management Limited (SAML) – the sponsor of the fund – informed that shareholders who hold units on 30 June 2018 will be eligible for the declared dividend. During this time; the fund has generated BDT 0.58 Earnings Per Unit (EPU).
The subscription for the fund was commenced on 14 February 2018. Remarkably, the entire subscription was completed in the very first day of the subscription (14 February 2018).
SFIUF commenced investing from the first week of March 2018. Driven by efficient fund management and rigorous research, the fund continuously outperforms the broad index of Dhaka Stock Exchange.
The fund generated NAV return of 7.1 percent whereas DSEX, the broad index, declined 7.9 percent, outperforming the broad index by 15.0 percent.
Mohammad Emran Hasan, Chief Executive Officer (CEO) of SAML said, “In-depth research and discipline are utmost priority in fund management. We put our best effort on quality research for superior risk adjusted return.” Emran added, “In developed countries individual investors generally invest in the capital market through open-end mutual funds. Even in India, open-ended mutual funds are very popular.
