In 2010, the first-ever open-end mutual fund (Prime Financial First Unit Fund) in Bangladesh was launched. Sponsored by Prime Finance & Investment Limited, the fund started with Tk 20 crore, divided into 20 lakh units priced at Tk 100 each. It was a team effort where Prime Finance Asset Management Company Limited managed the fund, Bangladesh General Insurance Company Limited acted as the trustee to ensure everything ran smoothly, and BRAC Bank PLC safeguarded the assets as the custodian. Together, they started an exciting new chapter for the financial sector of Bangladesh.
Since then, open-end mutual funds have taken off in Bangladesh, with 98 funds now available. But it wasn’t an overnight success story. These funds started gaining traction after 2016, as they adapted to meet a variety of investor needs. Whether you’re chasing capital growth, looking for regular income, or seeking a balanced approach, or if you prioritize Islamic compliance, there’s a fund for you.
Open-end mutual funds have become essential for small investors in Bangladesh, offering risk-adjusted returns and professional management. Here’s a brief on prominent growth funds available:
IDLC Growth Fund
Starting its journey in May 2018, IDLC Growth Fund has become a prominent name in the Growth Fund segment.
CAGR: 7.24%
2024 Returns: 1.37%
Index Since Inception: 58.33%
VIPB Growth Fund
VIPB carries a legacy in the mutual fund industry in Bangladesh. The fund was launched in April 2018.
CAGR: 2.08%
2024 Returns: 4.24%
Index Since Inception: 32.22%
UCB AML First Mutual Fund
Made its debut in April 2021.
CAGR: 2.89%
2024 Returns: 1.38%
Index Since Inception: 11.26%
EDGE AMC Growth Fund
Launched in September 2019, quickly established itself as a notable player in the growth fund segment.
CAGR: 7.15%
2024 Returns: 3.76%
Index Since Inception: 44.32%
CWT Sadharan Bima Growth Fund
Introduced in September 2020, with a focus on long-term growth. The fund has achieved a significant CAGR amid this economy.
CAGR: 10.20%
2024 Return: -5.11%
Index Since Inception: 52.04%
CWT Emerging Bangladesh First Growth Fund
Starting its journey in December, 2019 during the period of Covid, this fund has generated far superior CAGR among its competition.
CAGR: 16.16%
2024 Return: 0.59%
Index Since Inception: 112.89%
Green Delta Dragon Enhanced Blue Chip Growth Fund
Launched in October 2023, this is one of the newest entrants in the market. This fund focuses on investing in blue-chip companies.
CAGR: 5.87%
2024 Return: 6.02%
Index Since Inception: 7.39%