Dividends declared by Shanta Amanah Shariah Fund

Staff Reporter: In FY 2020, Shanta Amanah has announced a 12 percent cash dividend for Shariah fund unitholders. The fund’s trustee committee meeting on Thursday (January 21) decided to pay the dividend after reviewing the audited financial results for the fiscal year ended December 31, 2020.

Those who had the fund unit in their hands on December 31, 2020, will receive the dividend. The unit’s earnings per unit (EPU) at the time in question was Tk 1.23.

Reflecting on the research and fund management skills, the fund has reported a 24.8% return on investment for the year 2020 to the investors in the year 2020.

Mohammad Emran Hasan, CEO of the organization, said, “Research and discipline are the key to our good performance.” We have tried our best to give good returns to the investors through open-end mutual funds.

He added that Shanta Asset Management is working hard to popularize open-end mutual funds like other countries as a suitable investment vehicle for general investors.

Note that the subscription of the fund started on 14 February 2016. From the beginning to January 23, 2021, the fund’s NAV has increased by 33.1%, while the Shariah-based index of the Dhaka Stock Exchange, DSES, has increased by only 0.3% during the period under review.

Source: Daily StockBangladesh by www.dailystockbangladesh.com.

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