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The Financial Express

Rise in earning per unit of mutual funds

| Updated: August 18, 2021 09:55:04


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Many listed mutual funds (MFs) saw rise in earnings per unit (EPU) for April-June, 2021 compared to same period of the previous year riding on their returns from the stock market.

Apart from recommending good dividends, many of the funds have also reported positive EPU for October 2020-June 2021 against the loss incurred for same period of the previous year.

The fund managers said the fund's growth in EPU is all about the return of the country's stock market.

According to information of Dhaka Stock Exchange (DSE), the broad index DSEX posted 17 per cent return for April-June, 2021. The return of the index is also called the market return.

On the other hand, the DSE posted 2.0 per cent negative return for April-June, 2020 due to pandemic situation.

"The market's movement in April-June, 2021 was totally different from the situation observed in April-June, 2020. That's why, the funds were able to see rise in EPU for April-June, 2021," said Shahidul Islam, CEO at VIPB Asset Management.

He said the MFs have also recommended good dividend based on the profits realised from the market.

Meanwhile, 14 MFs have recommended cash dividends ranging between 4.0 per cent and 17.50 per cent for the year ended on June 30, 2021.

Of the listed MFs, Vanguard AML BD Finance Mutual Fund One has reported its EPU of Tk. 0.75 for April-June 2021 as against Tk. 0.09 for April-June 2020.

The EPU was Tk. 1.68 for October 2020-June 2021 against the loss of Tk 1.36 per unit for October 2019-June 2020.

The fund's NAV per unit at market price was Tk. 12.87 as on June 30, 2021 and Tk. 10.53 as on September 30, 2020.

LR Global Bangladesh Mutual Fund One has reported its EPU of Tk. 0.122 for April-June 2021 as against Tk. 0.054 for April-June 2020.

The EPU was Tk. 1.446 for October 2020-June 2021 as against the loss of Tk 0.73 for October 2019-June 2020.

The NAV per unit at market price was Tk. 12.37 as on June 30, 2021 and Tk. 10.60 as on September 30, 2020.

The EPU of NCCBL Mutual Fund-1 has stood at Tk. 0.0662 for April-June 2021 against the loss of Tk 0.0432 for April-June 2020.

The EPU was Tk. 0.4048 for January-June 2021 as against the loss of Tk 0.059 for January-June 2020.

NAV per unit at market price was Tk. 11.84 as on June 30, 2021 and Tk. 11.81 as on December 31, 2020.

MBL 1st Mutual Fund has reported its EPU of Tk. 0.1022 for April-June 2021 as against Tk. 0.0460 for April-June 2020.

NAV per unit at market price was Tk. 11.23 as on June 30, 2021 and Tk. 11.89 as on March 31, 2021.

AIBL 1st Islamic Mutual Fund has reported its EPU of Tk. 0.0857 for April-June 2021 as against Tk. 0.0823 for April-June 2020.

NAV per unit at market price was Tk. 10.78 as on June 30, 2021 and Tk. 11.57 as on March 31, 2021.

The EPU of Vanguard AML Rupali Bank Balanced Fund has stood at Tk. 1.34 for Apr-June 2021 from Tk. 0.09 for Apr -June 2020. EPU was Tk. 1.25 for Jan-June 2021 against the loss of Tk 0.62 per unit for Jan-June 2020.

NAV per unit at market price was Tk. 11.49 as on June 30, 2021 and Tk. 10.16 as on December 31, 2020.

Of the listed MFs, Green Delta Mutual Fund has recommended 12 per cent cash dividend, NLI First Mutual Fund 17.50 per cent cash, DBH First Mutual Fund 12 per cent cash, and SEML FBLSL Growth Fund 15 per cent cash for the year ended on June 30, 2021.

23 out of 31 listed MFs presently are being traded below the face value of Tk 10 each.

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