EDGE High Quality Income Fund (EDGEHQIF) is a dedicated fixed income fund. The fund has a diversified allocation to different types of fixed income securities of various durations. We overweight certain types and durations based on their relative attractiveness and thus actively manage the portfolio.
EDGEHQIF is a substitute for fixed deposits or DPS products. Key advantages include ease of liquidation and income tax rebates; returns from IPOs are performance sweeteners. All investors can consider this product as a safe, short to medium term vehicle.Invest Now Contact us
Key statistics of the mutual fund are shown below.
The table and the pie chart shows how client funds are invested. Data as of 30th June, 2022.
|Money Market Securities||87.40%|
The table summarizes fund performance since inception.
|Strategy Name||Since Inception||10Y||7Y||5Y||3Y||1Y||6M||3M||YTD|
|EDGE High Quality Income Fund||4.30%||-||-||-||-||-||3.57%||2.76%||4.30%|
Basic information on the fund is shown below. Further details can be found in fund prospectus.
|Name of the Fund||EDGE High Quality Income Fund|
|Nature||Open end Mutual Fund|
|Life & size of the Fund||Perpetual life and unlimited size|
|Sponsor & Asset Manager||EDGE AMC Limited|
|Trustee||Sandhani Life Insurance Company Limited|
|Custodian||BRAC Bank Limited|
|Initial Size of the Fund||Tk 25,00,00,000 (Taka Twenty Five Crore) divided into 2,50,00,000 (One Crore) Units of Tk. 10 (Taka Ten) each|
|Face value||Tk. 10 (Taka Ten) per Unit|
To maximize total investment return with high safety and liquidity-balance by investing principally in a portfolio of fixed and floating rate debt (or fixed income generating) securities and debt obligations issued by government, government-related issuers or corporate entities or NGOs based in Bangladesh. The Fund will invest only in invest ment grade debt securities and may also invest in money market instruments, convertible bonds and initial public offerings (IPOS) of debt and equity securities
Tk. 5,000/- per application (500 Units) for individuals
Tk. 50,000/- per application (5,000 Units) for institutions
Not Applicable for SIP investors
|Transparency||NAV will be calculated on a weekly basis and shall be published on the website of the Fund manager (www. EDGEAMC.com) and as prescribed in the Rule|
|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|
|Dividend||Minimum 70 (seventy) percent of realized income of the Fund will be distributed as Dividend in Bangladeshi Taka in each accounting year|
|Dividend Distribution||The dividend warrant will be distributed within 45 (forty-five) days from the date of declaration.|
|Transferability||The Units of the Fund are transferrable by way of inheritance/ gift and/ or by specific operation of law.|
|Surrender and Encashment||
The Units holders can surrender and encash their Units to the Asset Manager and through the authorized selling agents appointed by the Asset Manager.
The Asset Manager or selling agent shall be liable to re-purchase the units on behalf of the Fund.
a) Income from a mutual fund or a unit fund up to tk, 25,000.00 (Twenty-Five Thousand) is exempted from tax under Income Tax Ordinance 1984
b) Investment in the Unit Fund would qualify for investment tax credit under section 44(2) of the Income Tax Ordinance.
c) The income of the Fund will also be exempted form Tax.
All the key documents related to the fund including quarterly portfolio statements, quarterly financial statements, forms, prospectus etc can be downloaded below.