Capitec Asset Management (CAM) has announced a 15 per cent cash dividend for the unitholders of Capitec Popular Life Unit Fund and 12.5 per cent for Capitec Padma P.F. Shariah Unit Fund for the year ended June 30, 2022.
Capitec Asset Management Limited is the asset manager and Investment Corporation of Bangladesh (ICB) is the trustee for both the funds.
In the previous financial year (FY2020-21), the dividend rate was 15 per cent and 7 per cent.
Capitec Popular Life Unit Fund has reported EPU of Tk1.92, NAV per unit at the market price of Tk 12.85, and NAV per unit at a cost of Tk12.47 for the FY 2021-22, as against Tk 2.10, Tk12.37 and Tk 12.04 respectively for the same period of the previous year.
Capitec Padma PF Shariah Unit Fund has reported earnings per unit (EPU) of Tk1.73, Net Asset Value or NAV per unit at the market price of Tk 12.19, and NAV per unit at cost of Tk12.28 for the FY 2021-22, as against Tk 0.72, Tk10.81 and Tk11.59 respectively for the same period of the previous year. “So, the EPU has increased by 240 per cent in the FY 2021-22, compared to the previous fiscal year.”
“We are trying our best to innovate new ideas and ways of managing the funds efficiently while ensuring all the compliances according to the Securities and Exchange Commission (Mutual Fund) Rules, 2001,” said Hasan Rahman, Chairman and Founder of the Company.
As a result, the Unit Holders are getting the maximum return from their investments despite the recent volatility in the financial markets due to Covid-19 pandemic and Russia-Ukraine war.
Capitec Asset Management Limited (CAM) is a privately owned asset management company based in Dhaka. CAM started its journey back in 2017 by getting a license from Bangladesh Securities and Exchange Commission (BSEC).