SUMMARY

NCCBLMF1 is a closed end mutual fund with a tenor of twenty years. Since inception the fund achieved 96.17% cumulative return and disbursed BDT 642.9 million as cash dividend. As of September 29, 2022, Net asset value of NCCBLMF1 is BDT 1,221.75 million (USD 14.41 million) at current market price.

Sponsor/History


National Credit and Commercial Bank Ltd. (NCCBL)

Trustee


Bangladesh General Insurance Company Limited (BGIC)

Custodian


Standard Chartered Bank (SCB)

Assets under Management


BDT 1.22 billion (at Market Value)*

Inception Date


May 24, 2012

Number of Holdings


20

*Figure as of September 29, 2022.

PERFORMANCE

Fund Performance


Index1-Month3-Month6-MonthYTD1-Year3-Year5-YearSince InceptionAlpha against Benchmark
NCCBLMF1-0.40%-0.20%-1.70%-3.40%-5.40%8.90%5.00%6.80%1.30%
Benchmark0.10%2.30%-1.10%-3.60%-11.10%9.70%1.10%3.10%
*All figures as of 29 September, 2022

*All returns which represent more than one year returns are annualized.

12-MONTH DIVIDEND YIELD


Dividend Yield:
12-month dividend yield was 17.14% as of September 29, 2022.

Dividend Frequency:
Annual

Performance Since Inception 


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PORTFOLIO

Portfolio Holdings


SLEquityValue as of 30 Jun, 2022 (BDT)
1RENATA118,809,752
2SQURPHARMA93,364,762
3BATBC92,872,193
4GP92,135,648
5BATASHOE76,132,720
6UPGDCL41,439,631
7SINGERBD38,026,895
8SQUARETEXT27,102,754
9MARICO23,132,655
10DBH21,796,914
* 51.03% of total assets are invested in our top 10 equities

Portfolio Allocation


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DIVIDEND GAINS

Latest Dividends Paid


 201220132014201520162017201820202021
NCCBLMF1 (BDT)1 (RIU)10.30.650.4510.60.7251.2
*Since inception the fund has disbursed BDT 6.93 per unit as dividend.

PSI Regarding Dividend


FEES & EXPENSES

Fee Schedule

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:

DetailsFee
On weekly average NAV up to BDT 50 million2.5%
On next BDT 200 million of weekly average NAV2.0%
On next BDT 250 million of weekly average NAV1.5%
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:

RangeRates
Up to BDT 1000 million of Paid up Capital0.05% of NAV
Above BDT 1000 million of Paid up Capital0.02% 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).

DISCLOSURES

Prospectus Documents

DATE DESCRIPTION

Financial Statements

Portfolio Statements

DATE DESCRIPTION