| 1. Name |
Rupali Life Insurance First Mutual Fund |
| 2. Initial size of the Fund |
Tk 50,00,00,000 (Taka fifty crore) divided into 5,00,00,000 (five crore) units of Tk 10 (Taka ten) each |
| 3. Face value |
Tk 10 (Taka ten) per unit |
| 4. Nature |
Open end with perpetual life and unlimited size. |
| 5. Objective |
The objective of the Fund is to
provide attractive risk adjusted return to the unit holders by investing
the proceeds in the capital market and money market. |
| 6. Target group |
Individuals - both resident and
non-resident, institutions - both local and foreign, mutual funds and
collective investment schemes are eligible to subscribe the units of the
Fund. |
| 7. Dividend |
Minimum 70 (seventy) per cent of realized income of the Fund will be distributed as dividend in Bangladeshi Taka only at the end of each accounting year. The Fund shall create a dividend equalization reserve to ensure consistency in dividend. |
| 8. Dividend distribution |
The dividend will be distributed within 45 (forty five) days from the date of declaration. |
| 9. Transferability |
The units of the Fund are transferable by way of inheritance/gift and/or by specific operation of the law. |
| 10. Encashment |
The unit holders can surrender their units through the Asset Manager and the authorized selling agents. So investment in this Fund will be easily encashable. |
| 11. Tax |
Dividend income of the Fund will be tax free up to a certain level as permitted by the Finance Act. |
| 12. Reports and Accounts |
Every unit holder is entitled to receive annual report along with the yearly and half-yearly statements of accounts as and when published from the website (www.pamcbd.com) of the Asset Management Company. |
