NCCBLMF1 is a closed end mutual fund with a tenor of ten years. Since inception the fund achieved 57.38% cumulative return and disbursed BDT 211.58 million as cash dividend. As of September 14, 2017, Net asset value of NCCBLMF1 is BDT 1,309 million (USD 16.78 million) as of market price basis.
National Credit and Commercial Bank Ltd. (NCCBL)
Bangladesh General Insurance Company Limited (BGIC)
Standard Chartered Bank (SCB)
Assets under Management
BDT 1.31 billion (at Market Value)*
May 24, 2012
Number of Holdings
*Figure as of September 14, 2017.
|Index||1-Month||3-Month||6-Month||YTD||1-Year||3-Year||5-Year||Since Inception||Alpha against Benchmark|
|*All figures as of September 14, 2017|
*All returns which represent more than one year returns are annualized.
12-MONTH DIVIDEND YIELD
12-month dividend yield was 5.17% as of September 14, 2017
|SL||Equity||Value as of 29th Jun, 2017 (BDT)|
|* 56% of total assets are invested in our top 10 equities|
Latest Dividends Paid
|NCCBLMF1 (BDT)||10% re-investment unit||1||0.3||0.65||0.45|
|*Since inception the fund has disbursed BDT 2.4 per unit as dividend.|
PSI Regarding Dividend
FEES & EXPENSES
The standard management fee schedule:
Management Fee: The asset management company of the Fund has to pay an annual management fee on weekly average net asset value (NAV) as per Rule 65 of Bangladesh Securities and Exchange Commission (Mutual Fund) Rules, 2001 and as per Trust Deed at the following rates:
|On weekly average NAV up to BDT 50 million||2.5%|
|On next BDT 200 million of weekly average NAV||2.0%|
|On next BDT 250 million of weekly average NAV||1.5%|
|On rest of weekly average NAV||0.9%|
Trustee Fee: The trustee of the fund is entitled to get an annual trusteeship fee @ 0.10% of the net asset value per annum, payable semi-annually in advance basis during the entire life of the Fund as per Trust Deed.Brokerage Commission: The funds pay brokerage commission to the panel broker as per their confirmed rate after the trade execution. Currently brokerage commission rate is @ 0.25% on trade value for all types of trade (i.e. Public, Block & Spot).
BSEC Fee: The Fund has to pay @ 0.10% of the NAV per annum as annual fees to BSEC in terms of BSEC (Mutual Fund) Rules, 2001.
Custody Fee: The custodian of the fund is entitled to receive a safekeeping fee @ 0.05% on the balance of securities calculated on average month end value per annum, and trade settlement fees of BDT 500 per trade as per Trust Deed.
CDBL Fee: CDBL charges are paid to Central Depository Bangladesh Limited (CDBL) as per Annexure A-1 of CDBL Bylaws (3.7).
DSE & CSE Fee: The Fund has to pay to Dhaka Stock Exchange (DSE) & Chittagong Stock Exchange (CSE) annual fee as per Rules 42 (3) of listing regulations 2015 at the following rates:
|Up to BDT 1000 million of Paid up Capital||0.05% of NAV|
|Above BDT 1000 million of Paid up Capital||0.02% of NAV|
Audit Fee: The Fund has to pay annual Audit Fee to the auditor as mentioned in the Auditors’ appointment letter issued by The Trustee (BGIC).