Shanta First Income Unit Fund (SFIUF) declared 5.0 per cent dividend for the fiscal year (FY) 2018 ended on June 30, 2018 after operating only for four months, according to a statement.
Shanta Asset Management Limited (SAML) -- the sponsor of the fund -- informed that shareholders who hold units on June 30, 2018 will be eligible for the dividend. During this time, the fund has generated Tk 0.58 earnings per unit (EPU).
The subscription for the fund commenced on February 14, 2018. Remarkably, the entire subscription has been completed in the very first day of the subscription, said the statement.
SFIUF commenced investing from the first week of March 2018. Driven by efficient fund management and rigorous research, the fund continuously outperformed the broad index of Dhaka Stock Exchange.
The fund generated NAV return of 7.1 per cent whereas DSEX, the broad index, declined 7.9 per cent, outperforming the broad index by 15 per cent.
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."
Mr. 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."
But, in Bangladesh mutual funds are yet to earn adequate demand among general investors, he said.
Moreover, general investors don't have adequate investment management skills and time.
"Therefore, investors should seek for mutual funds which are managed by efficient and honest fund managers. We strive to continue our tremendous performance in fund management and expect that SFIUF will be the best choice for investors as an investment vehicle."
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