Mutual Funds, managed by IDLC Asset Management Ltd, announces cash dividend
Banking
18 July, 2022, 05:10 pm
Last modified: 19 July, 2022, 09:49 am
Amidst of the growing inflation and significant market movement, IDLC Asset Management Limited (IDLC AML) has declared cash dividend of 18.50% for IDLC Balanced Fund, 13.00% for IDLC Growth Fund and 9.00% for IDLC Asset Management Shariah Fund for the year ended on 30 June 2022.
IDLC Income Fund, the first Debt Mutual Fund of Bangladesh, has declared 1.85% final cash dividend for its investors and thus a total 4.85% cash dividend (including 3% interim dividend declared in January, 2022), reads a press release.
From June 24, 2021 to June 30, 2022, during its first year of inception, IDLC Income Fund has generated 7.82% return.
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