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1st IFIC Bank Mutual Fund Ipo Lottery Result 2010

The lottery draw for the first offer IFIC Bank Mutual Fund initial public (IPO) be held on March 9, 2010 (10:30 AM)

Next on the Bangabandhu International Conference Centre in the Nagar Sher-e-Bangla in Dhaka, President of the DSE Rakibur Rahman confirmed Wednesday. GP Trading of the shares in the stock is expected to commence on 15 November.

The First IFIC Bank Scheulen Lottery Mutual Funds:

Date: March 9, 2010

Time: (10:30 AM)

Venue: International Conference Centre Bangabandhu

You can obtain this result by Frist IFIC Mutual Fund Ipo Result "> Click here

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IIFIC First Bank Mutual Fund
BOX SIZE: Tk.1, 200 million divided into 120 million units with a par value of Tk. 10 each
CONTRIBUTION OF SPONSOR: Tk 25 million units. 10 each at par of traditional knowledge. 250 million
INSTALLATION OF PRE IPO: Tk 55 million units. 10 each on a par with traditional knowledge. 550 million
PUBLIC OFFER: 40,000,000 units Tk. 10 each at par of traditional knowledge. 400 million
RESERVED Investment funds: 4,000,000 units of Tk. 10 each at par of traditional knowledge. 40 million
NON RESIDENT Bangladesh: 4,000,000 units of Tk. 10 each at par of traditional knowledge. 40 million
RESIDENT Bangladesh: Tk 32 million units. 10 each at par of traditional knowledge. 320 million
This offer document sets forth concisely information
on the merits of a potential investor should know
before investing. This offer document should be read
before making an application for the units and must
be retained for future reference.
Data fund have been prepared
amended according to date and presented to
Securities and Exchange Commission of Bangladesh.
The theme and the Fund shall be deposited In category "A".
The Egyptian Council for inclusion apply to both the stock
Exchanges.
SPONSOR:
IFIC Bank Limited
TRUSTEE:
Investment Corporation of Bangladesh (ICB)
CUSTODIAN:
Investment Corporation of Bangladesh (ICB)
Asset Management Company:
RACE Management PCL
Subscription
Subscription opens: February 7.2010
Subscription closes: February 11.2010
For non-residents of Bangladesh
Subscription closes on February 20.2010
Publication of the brochure: January 11.2010
1st IFIC BANK MUTUAL FUND
Highlights
1. Name: first IFIC Bank Mutual Funds
2. Size of the Fund: Tk. 1200000000 divided into 120 million units with a par value of Tk. 10.00
each. In the future fund size will not change.
3. Nominal value: Tk. 10.00 per unit.
4. Nature: Mutual Fund closed with a 10-year tenure.
5. Objective: The Fund's objective is to provide attractive dividends to unit holders by investing the
product in the various instruments on the market of Bangladesh Capital and Money.
6. Target Group: Individuals, institutions, non-resident Bangladeshis (NRB), mutual funds and collective
investment plans are eligible for apply to investment in the Fund.
7. Dividend income: Minimum 70% of the Fund as a dividend will be distributed only in Bangladesh Taka
final each accounting period. The Fund was created an equalization of dividend reserve fund
ensure consistency in the dividend.
8. Method of Distribution: The dividend be distributed within 30 days from the date of declaration.
9. Portability: Units are transferable. The transfer will be made by the low CDbl e agreement
process.
10. Encashment: The Fund will make a statement of DSE and CSE. So investing in this fund will be easily be payable.
11. Tax Benefit: Income tax free to a certain level, which is permitted under the Finance Act. Investment in
the Fund to qualify for the investment tax credit under Article 44 (2) of the Ordinance on Income Tax
1984.
12. Report and Accounts: Each participant is entitled to receive the annual report and the annual and half yearly
statements of accounts, and when published.
IFIC 1st BANK MUTUAL FUND
Risk Factors
Investing in the first IFIC Bank Mutual Fund (the Fund) involves certain considerations in addition to the risks normally
partners to investments in securities. There can be no assurance that the Fund will achieve its investment objectives.
The value of the Fund may go down or up and there can be no assurance that the redemption, or otherwise, investors
receive the amount originally invested. Accordingly, the Fund is suitable only investment for investors who understand the
risks involved and are willing and able to withstand the loss of their investment. In particular, investors potential should
consider the following risks:
1. In General: There is no guarantee that the Fund will meet its investment objective, investors may lose money
investing in the Fund. As with all mutual funds, an investment in the Fund is not insured or guaranteed by the
Government of Bangladesh or any other government agency.
2. Market Price of Risk: Stock prices and the prices of general mutual funds fluctuate because of the interaction of different
market forces that may affect a single issuer, industry or market as a whole. The Fund could lose value or experience
loss important in their investment due to the volatility of that market.
3. NAV of risk: the stock market trends show that prices of many listed securities move in unpredictable directions, which can
affect the value of the Fund's portfolio of listed securities. Depending on your exposure to these values, the net assets
value of shares issued under the Fund may go up or down depending on various factors and forces affecting capital
markets. In addition, there is no guarantee that the market price of the Fund's unit fully reflect their underlying network
asset values.
4. Issuer Risk: In addition to market and price risk, the value of an individual security may also be subject to factors
unique or specific to the issuer, including but not limited to illegal acts of management lack of transparency of accounts,
performance management, the decision to take over the management of financial leverage. That risk can be developed in a
way unpredictable and can only partially mitigate, and sometimes not at all, through research or due diligence.
To the extent that the Fund is set up A security whose value decreases because of the risk of the issuer, the value of the Fund may
affected.
5. Legal Risk: The Honorable High Court in its verdict November 8, allowed mutual funds to expand its capital
base by issuing bonds and shares of the rights or pay cash dividends or bonus shares without curb regulator
absolute power to determine what funds would be eligible to do so. However, although the case has been resolved by
the Court Superior, the Securities and Exchange Commission still has the provision to appeal against the verdict with
Appellate Division of the Supreme Court and for the year this option, the issue of dividends in any form can remain
hold once more.
6. Asset allocation risk: Due to a market thin secondary debt in Bangladesh, it would be difficult for the Fund
Manager to switch between asset classes, if necessary. In addition, limited availability of money market
instruments in the market means that there are only few opportunities for investment in the short term or temporary
the Fund.
7. Lack of risk: Because of the small number of listed securities in both the stock exchanges, can be difficult
investing the assets of the Fund a broadly diversified portfolio.
8. Settlement risk: market conditions and distribution of investments may affect the ability to sell securities during periods
market volatility. The Fund may not be able to sell securities or instruments at the right price and / or time.
9. Dividend Risk: If companies in which the Fund shall be invested to pay dividends not expected, can affect
overall returns of the Fund.
10. Risk Investment Strategy: The Fund is subject to the risk management strategy because it is an active management
CMA investment portfolio.The apply investment techniques and analysis risk in making investment decisions for
the Fund, but there can be no guarantee that these techniques and analysis produced the desired results.
11. Socio-Political and Natural Disaster Risk: The uncertainty resulting from political and social instability may affect the value
of the assets of the Fund. In addition, natural weather conditions can hinder the performance of the Fund.
IFIC BANK 1ST MUTUAL FUND
1. PRELIMINARY
1.1. PUBLICATION OF BOOKLET PUBLIC OFFER:
RACE Management PCL has received the Certificate of Registration of the Securities and Exchange Commission (SEC) under the
consistency in the dividend.
5) The asset management company shall issue the orders of dividends at the expense of the Fund within 30 days of
declaration of dividends and submit a statement in the next 7 (seven) days to the Commission, the administrator and
Custodio.
6) Before the property file for CDbl, a transferee does not have the right to dividends declared by the Fund.
Total net assets
——————————-
Number of units outstanding
1st IFIC BANK MUTUAL FUND
4. RISK CONSIDERATIONS
4.1. RISK FACTORS:
Investing in the first IFIC Bank Mutual Fund (the Fund) implies some considerations, in addition to the risks normally
associated with investments in securities. There can be no assurance that the Fund will achieve its investment
objectives. The value of the Fund may go down or up and there can be no assurance that the redemption or not
investors will receive the amount originally invested. Consequently, Fund is only suitable for investment by investors
understand the risks involved and are willing and able to withstand the loss of their investment. In particular, potential
investors should consider the following risks:
1. In General: There is no guarantee that the Fund will meet its investment objective, investors could lose money
investing in the Fund. As with all mutual funds, an investment in the Fund is not insured or guaranteed by the
Government of Bangladesh or any other government agency.
2. Risk Market Price: stock prices and the prices of general mutual funds fluctuate because of the interaction of different
market forces that can affect a single issuer, industry or market as a whole. The Fund could lose value or experience
a substantial loss on its investments due to the volatility of that market.
3. NAV of risk: market trends show that stock prices of many stocks move listed in unpredictable directions, which can
affect the value of the Fund of securities of the listed securities. Depending on your exposure to these values, the net assets
value of shares issued by the Fund may go up or down depending on various factors and forces affecting capital
markets. Moreover, there is no guarantee that the market price of the unit of the Fund will fully reflect their underlying network
asset values.
4. Issuer Risk: In addition to market and price risk, the value of an individual security may also be subject to factors
unique or specific to the issuer, including but not limited to illegal acts management, lack of transparency of accounts,
performance management, management of the decision to take on financial leverage. That risk can be developed a
unpredictable and can only partially mitigate, and sometimes not at all, through the investigation or due diligence.
To the extent that the Fund is exposed to a security whose value decreases because of the risk of the issuer, the value of the Fund may
affected.
5. Legal Risk: The Honorable High Court, its verdict on 08 November, allowed the funds to expand its capital investment
base by issuing bonds and shares of the rights or pay dividends cash or bonus shares, without stifling regulator
absolute power to determine what funds may do so again. However, although the case was resolved by
the High Court, the Securities and Exchange Commission still has the willingness to use the sentence with
Appellate Division of the Supreme Court and the exercise of this option, the issue of dividends in any form can remain
yet again.
6. Asset Allocation Risk: Due to a very thin bond market high in Bangladesh, it would be difficult for the Fund
Manager to switch between asset classes, if necessary. In addition, the limited availability of money market
instruments in the market means that there are only few opportunities for investment in the short term or temporary
the Fund.
7. The lack of diversification of risks: Due to the small number of listed securities in both the stock exchanges, can be difficult
invest Fund's assets in a broadly diversified portfolio.
8. Settlement risk: The market conditions and investment allocations can affect the ability sale of securities during periods
market volatility. The Fund may not be able to sell securities or instruments at the right price and / or time.
9. Risk of dividends: If the companies in which the Fund shall be invested to pay dividends not expected, can affect
overall returns of the Fund.
10. Strategy Investment Risk: The Fund is subject to the risk management strategy, since it is an active management
portfolio investment. The AMC is applied, investment and risk analysis in making investment decisions for
the Fund, but there can be no guarantee that these techniques and analysis occur the desired results.
11. Socio-Political Disaster Natural Hazard: The uncertainties of political and social instability may affect the value
of the Fund's assets. In addition, natural weather conditions can hinder performance of the Fund.
1st IFIC BANK MUTUAL FUND
4.2. Expected Return Market Fund:
1) It is expected that the demand of the first units IFIC Bank Mutual Funds always decide on the offer.
2) Make of IFIC Bank Limited and the Trustee, ICB track record in successful marketing of various investment funds
past may encourage investors to invest in this fund.
3) World-class investment management team of the PCL RACE management as a new generation of asset management company
(AMC) would attract investors to invest in this fund.
4.3. WHO SHOULD INVEST And How to invest:
1) Persons who have no tolerance for risk taking and know nothing about the operation capital market need
Not applicable for units of the Fund.
2) People who seek capital growth long term and consistent dividend payments, and comfortable with
risks associated with capital investment should consider investing in the Fund.
3) An individual must also consider investing in the Fund when it can not accept a degree of variability in yields, have a moderate
risk tolerance and proposing to invest in the Fund over the medium to long term.
4) Taking into account other factors such as investment opportunities available in the market, the expectation of return, income level and
consumption pattern can be To give just one part of your total portfolio in the Fund.
1st IFIC BANK MUTUAL FUND
5. TRAINING, MANAGEMENT AND ADMINISTRATION
5.1. SPONSOR OF THE CASE:
IFIC Bank Limited is a first generation private commercial bank with 82 (eighty-two) branches in different regions
Bangladesh. With its shares listed on both in Dhaka and Chittagong stock exchanges, IFIC Bank Ltd. offers a wide range of commercial
banking products and services to companies, markets and segments of the trade media retailer. As one of the oldest private commercial
banks, IFIC Bank has unique insights into the dynamics in the financial and corporate sector. The Bank is firmly convinced that
securities market in Bangladesh is entering a secular growth phase and is becoming an attractive destination for savings and
Bangladesh capital investment. As a result, IFIC is increasing its presence in the Bangladesh stock market, and has recently
stock trading began and brokerage services for its customers.
IFIC Bank is the first-generation first bank to sponsor a mutual fund, believing that the first IFIC Bank Mutual Fund will play a positive
Bangladesh role in developing the mutual fund industry. With this in mind, IFIC Bank PCL has appointed as managing RACE
administrator the Fund. Race Management is a next-generation asset management company has successfully launched the first EBL
Mutual Funds, the first bank funds sponsored investment in Bangladesh.
5.2. TRUST and custodian of the funds:
To ensure the utmost confidence and trust of investors, organs control and potential investors in the fund, the
Investment Corporation of Bangladesh (ICB) will act as the administrator and custodian of the Fund.
The Corporation Investment of Bangladesh (ICB) was established on October 1, 1976, in "The Investment Corporation
Bangladesh "Ordinance, 1976 (No. XL, 1976) to enhance and broaden the base of the investment, develop the capital market,
mobilize savings, promote and establish subsidiaries for business development and the guarantee, the auxiliary sequence. Above
year, the activities of ICB have grown manifold, especially in the operations of Merchant Banking, Mutual Funds Investment and actions
brokering activities. BCI is the largest investment bank and foreshadowed the mutual fund industry in the country. Outside
funds investment in the country 17 (seventeen) closed, ICB and its subsidiary management 13 (thirteen) investment funds.
In August 2009, ICB has acted as agent at 11 bond issues involving Tk. 155.95 million rupees, the problems of eight bond issues
participation of Tk. 817 million rupees. ICB also performed the responsibilities of the administrator and custodian to mutual funds in September closed Tk. 475
2 crores and investment funds of indefinite duration, with a capital Tk initial. 40 crores.
5.3. Manager assets of the Fund:
RACE Management PCL (hereinafter RACE) will act as asset manager of the Fund. RACE is a second generation assets
management company, receiving his certificate of Asset Management in September 2008 after serving with rigor by diligence
SEC requirements. Race Management has already established a successful career with the release of the first
commercial bank sponsored mutual funds, EBL First Mutual Fund and is second-generation single asset company management
have an investment fund under management in Bangladesh.
The race team: With about 30 professionals, RACE has one of the largest asset management teams in Bangladesh
includes (1) Bangladesh senior investment professionals with training world-class and more than a decade of experience in
investment management and research in some of the markets of the world's most developed capital, (2) Senior Bangladesh
professionals of the local banking and financial services industry with strong operational experience and extensive contact
the community base local business (3) a group of young professionals who have acquired a unique knowledge in local
capital markets through the application of techniques more sophisticated investment and research-the floor.
The investment management operation RACE is managed by a team of investment professionals and guided by a
Investment Committee. The Investment Committee reviews the Fund's portfolio selection process to ensure compliance with
objectives established in the Deed of Trust. In addition, the Investment Committee RACE pay particular attention to the guidelines
restrict investment / investment limits as prescribed from time to time, these restrictions relate to one company or group
investments, investments in associated companies, Investment in unrated debt instruments, etc. In addition, RACE
Investment Committee also reviews the portfolio periodically to evaluate the positions and evaluating liquidity risk parameters and
, From time to time, rebalancing the portfolio.
1st IFIC BANK MUTUAL FUND
Management Focus Fund RACE: Highly process-driven investment approach
A flexible but disciplined investment process is the hallmark of an investment fund for professional management. The incorporation of
intellectual capital and the collective experience of professionals of high level of investment by RACE, RACE has developed a 7-step
investment process:
Step 1: Choose the Universe. The first step of the investment process begins with identifying the universe of stocks. These
stocks are classified into four categories based on proprietary selection methodology race.
Step 2: List of focus. The universe of stocks fell, then down to create a list of prospective approach. This step is usually performed in
phases. The first phase is to reduce the list to owners of RACE through the filtering process. The second phase
involves reducing the list further by the results of basic research.
Step 3: "Top Down" analysis involves analyzing macroeconomic trends, analysis on the broader market indexes, the underlying analysis
tendency to make flow and allocation sector bias sector.
Step 4: "Bottoms Up" Analysis of the business. This step involves a combination of individual security analysis based on multiple
parameters, including assessment, qualitative analysis to identify business trends and corporate competitive perspective
management. These tests supplemented by company visits and exchange of information with management.
Step 5: Portfolio construction. The next step is to create an optimal portfolio with the objective of maximizing returns and
minimize risk.
Step 6: Risk Management. This step applies to preset limits to the portfolio, limiting exposure of the sector and
individual exposure values. The maintenance of lower volatility is also a major concern, for final beta adjustment and other
sophisticated risk analysis is used.
Step 7: Implementing Trade: RACE uses a combination of quantitative strategies and information market to maximize their trade
executions. To this end, RACE has selected a group of runners carrying out its operations efficiently and confidentially.
5.4. ACCOUNTS:
The Trust, ICB Hoda Vasi Chowdhury has been appointed & Co. Certified Public Accountants as the Auditor of the Fund for the first year.
It is one of the most old and reputed audit firms of the country and is associated with world-renowned Deloitte Touche Tohmatsu.
The Trust will appoint the Auditor Fund throughout the term the Fund.
5.5. LIMITATION OF EXPENDITURE:
1) The expenses of the first edition in relation to the Fund shall not exceed 5% of the Fund to be raised, which details
under this Prospectus.
2) Total expenditures from the Fund, excluding the amortization of initial issue expenses, including transactions the cost
a stock brokerage to buy and sell securities that are part of an acquisition or disposal cost of such securities,
transaction fees payable to the Custodian against the purchase or sale of securities, CDbl charges, fees payable to the list
stock exchanges, registration fees to be paid annually to the Commission, audit fees, the cost for the publication of reports and
periodicals, bank charges, etc, does not exceed 4% of the outstanding weekly average net assets during an accounting period
or as determined by the regulation.
1st IFIC BANK MUTUAL FUND
5.6. FEES AND EXPENSES:
The Fund will pay management fees of corporate assets, administrator and custodian of all with any other fees,
fees and expenses that may arise from time to time. The Fund will bear its own costs and expenses incurred in the aggregate over
conjunction with training, promotion, registration, public offering, trading, along with some other costs and expenses
incurred in its operation, including, without limitation, expenses for legal services and consulting, audit fees other professionals
and expenses, brokerage fee / cost of registration obligations, guarantees or insurance commissions and fees due to
SEC. Also the Fund by all other incidental expenses, including printing, publishing and stationery related to its soft
Just run.
RACE has estimated the annual costs of the normal operating fund does not exceed 4% of average net assets of the Fund.
However, there may be variations in actual costs operating the Fund. Main Fund expenditures are detailed
follows:
A) Issue and the cost of establishment: Issuing and expenditures are estimated in no more than 5% of total fund size. The
expenses will be amortized over 10 (ten) years in a straight line method. The estimated costs for the issuance and
constitution of the Fund are presented below:
1. Banker to the emission rate / Collection charge: 0.60 percent
2. Training compensation for AMC: 1.00 percent
3. Printing and Publishing: 0.60 percent
3. Legal expenses (sales fees, registration fees, etc): 1.20 percent
4. Other expenses: 0.80 percent
Total: 4.20 percent
2) Management Fee: According িসিকউির

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