A mutual fund (MF) is a pooled investment vehicle which collects savings from small individual investors and institutions in exchange for partial ownership in that particular MF which is called a Unit (or certificate of ownership in an MF). The accumulated fund raised under an MF is then managed by an asset management company that uses its investment management expertise to invest the fund in a diversified portfolio of IPOs, stocks, bonds and other kinds of permissible securities. By doing so, the MF generates investment return over time which is then distributed to all the investors (or unitholders) of the fund in the form of dividends and capital gains/losses. An investor in a mutual fund may sell his/her units in the stock market at quoted price or surrender them at net asset value to liquidate the investments.
Mutual Funds have a number of structural advantages making
them attractive investment vehicles.
Top asset managers have experienced and knowledgeable fund managers with proven track records.
Investments in mutual funds are eligible for income tax rebate and other favorable tax treatments.
Each mutual fund has a custodian, trustee and auditor who ensure investor money security.
Open-ended mutual funds can be redeemed very easily and are thus liquid investments.
Mutual funds have an IPO quota which enhances the fund’s returns.
Due to its structure mutual funds can accomodate small investment tickets via SIP or lump sum amounts.
The table below summarizes the key differences between our different mutual funds.
For more details on each of these funds, click on the link to the fund pages.
|Particulars||EDGE Bangladesh Mutual Fund||EDGE AMC Growth Fund||EDGE High Quality Income Fund||EDGE Al-Amin Shariah Consumer Fund|
|Inception Date||02 Aug 2018||05 Sep 2019||10 Feb 2022||11 Sep 2022|
|Strategy||Equity & fixed income||Equity||Fixed income||Shariah equity|
|Asset Under Management||328,674,197||313,209,611||288,647,720||250,000,000|
|Net Asset Value (per unit)||11.47||11.98||10.43||9.92|
|Cumulative Return Since Inception||46.30%||40.40%||4.30%||-0.80%|
|Annualized Return Since Inception||9.55%||11.67%||---||---|