Thursday, October 9, 2025

MF profits down in H1 amid stock depression

A prolonged depression in the country’s stock market continued to take its toll on the mutual fund sector as profits of majority of the funds decreased in the first half of the current fiscal year compared with those in the same period of the previous year.
An MF is one type of professionally-managed scheme which pools money from many investors and is supposed to invest money in stocks on behalf of the investors.
According to DSE data, of the 41 listed mutual funds, profits of 22 MFs dropped in July-December, 2012 compared with those in the same period of the previous year.
Only 12 mutual funds managed to get increased profits while four other MFs offset their losses in the period.
The net asset value of each unit of most of the funds came down below their offer price of Tk 10 as the prices of the shares the funds bought fell heavily because of the prolonged depression in the capital market.
Most of the mutual funds are being traded at the DSE at prices lower than their face value of Tk 10.
Market experts said the long-lasting depression in the stock market, policy restriction and incompetence of the fund managers were the major reasons for the disaster for the mutual fund sector.
‘The funds which are losing money were launched in and after 2010. These were launched with a mandatory 75 per cent stock market investment provision,’ Mahmood Osman Imam, who teaches finance at Dhaka University, told New Age.
He said as the market was going through a depression for the last two years, the portfolio erosion of the funds was inevitable due to their huge investment in the stock market.
‘The funds which are better off actually evaded the obligation and invested major portion of fund in the money market,’ he said.
He said that as the mutual funds could not diversify their investments, they had to bear the losses.
‘The new mutual fund rules, however, has addressed some of the issues including reducing mandatory investment to 60 per cent,’ he said.
He, however, criticised the Bangladesh Securities and Exchange Commission’s move to allow only the coming funds stock dividend.
‘It does not ensure a level playing field and the old funds have to suffer more because of this,’ he said.
In 2011 and 2012, eleven mutual funds were launched and majority of those funds realised their public subscriptions with the help of other mutual funds.
The MFs which made decreased profits in July-December are First Janata Bank Mutual Fund whose profit declined to Tk 3.97 crore from Tk 5.56 crore, First ICB Mutual Fund to Tk 0.84 crore from Tk 1.12 crore, Fourth ICB Mutual Fund to Tk 1.12 crore from Tk 1.12 crore, Sixth ICB Mutual Fund to Tk 1.44 crore from Tk 2 crore, Eighth ICB Mutual Fund to Tk 1.73 crore from
Tk 2.74 crore, EBL NRB Mutual Fund to Tk 3.86 crore from Tk 4.80 crore and EBL First Mutual Fund to Tk 3.19 crore from Tk 7.20 crore.
ICB AMCL First NRB Mutual Fund’s profit fell to Tk 1.67 crore from Tk 1.68, ICB AMCL Second NRB Mutual Fund to Tk 6.17 crore from Tk 13.14 crore, ICB AMCL Third NRB Mutual Fund to Tk 1.13 crore from Tk 2.20 crore, ICB AMCL Second Mutual Fund to Tk 0.78 crore from Tk 2.52 crore, ICB Employees Provident MF 1: Scheme 1 to Tk 0.90 crore from Tk 2.32 crore, ICB AMCL Islamic Mutual Fund to Tk 0.66 crore from Tk 0.75 crore, IFIC Bank First Mutual Fund to Tk 3.75 crore from Tk 4.26 crore, IFIL Islamic Mutual Fund-1 to Tk 0.66 crore from Tk 1.04 crore, Phoenix Finance First Mutual Fund to Tk 0.67 crore from Tk 2.27 crore, PHP First Mutual Fund to Tk 3.86 crore from Tk 4.06 crore, Popular Life First Mutual Fund to Tk 4.94 crore from Tk 5.22 crore, Prime Bank First ICB AMCL Mutual Fund to Tk 1.04 crore from Tk 2.33 crore, Reliance One the first scheme of Reliance Insurance Mutual Fund to Tk 2.18 crore from Tk 3.15 crore, Southeast Bank First Mutual
Fund to Tk 3.69 crore from Tk 4.94 crore and Trust Bank First Mutual Fund to Tk 4.93 crore from Tk 10.23 crore.
The MFs whose profits increased in the period are First Bangladesh Shilpa Rin Sangstha Mutual Fund whose profit advanced to Tk 3.07 crore from Tk 1.08 crore, Second ICB Mutual Fund to Tk 0.76 crore from Tk 0.71 crore, Third ICB Mutual Fund to Tk 1.11 crore from Tk 1 crore, Fifth ICB Mutual Fund to Tk 1.60 crore from Tk 1.53 crore, Seventh ICB Mutual Fund to Tk 1.98 crore from Tk 1.79 crore, AIBL First Islamic Mutual Fund to Tk 9.35 crore from Tk 4.23 crore, Grameen Mutual Fund One to Tk 2.68 crore from Tk 1.76 crore,
Grameen Mutual Fund Two to Tk 7.09 crore from Tk 4.83 crore and ICB AMCL First Mutual Fund to Tk 3.33 crore from Tk 2.79 crore.
NLI First Mutual Fund made a profit of Tk 2.56 crore, AB Bank First Mutual fund Tk 4.60 crore and First Bangladesh Fixed Income Fund Tk 20.79 in the first half of the accounting year.
The MFs which offset their losses in the period are AIBL First Islamic Mutual Fund whose loss decreased to Tk 2.27 crore from Tk 5.59 crore, DBH First Mutual Fund to Tk 1.70 crore from Tk 15.97 crore and Green Delta Mutual Fund to Tk 4.40 crore from Tk 20.47 crore in July-December, 2012.
NCCBL Mutual Fund One, Prime Finance First Mutual Fund and LR Global Bangladesh Mutual Fund One are yet to publish their financial reports for the period.

Courtesy of New Age

Related News

realme 15 Series to debut as the ultimate AI Party Phone in Bangladesh

Business Desk : dhakamirror.com realme, the youth-favorite smartphone brand, is set to launch its much-anticipated realme 15 series as the ‘AI Party Phone’ on 12 October 2025.The long-awaited return of the series will debut in three versions: realme 15, realme 15 Pro, and realme 15t. This time, customers will have more choice, more power, and ... Read more

One in three graduates remains jobless for up to 2yrs

Finds state-run statistical agency Economy Md Asaduz Zaman One in three university graduates remained unemployed for up to two years while looking for work last year. Of them, one in seven had been without work for between one and two years. In the next category, one in six graduates had been jobless for more than ... Read more

Standard Chartered returns funds after credit card fraud

Business Desk : dhakamirror.com Standard Chartered Bangladesh, the biggest multinational bank in the country, has taken steps to refund its credit card customers who fell victim to a string of fraudulent activities. In a statement on 26 September, the bank said that during early September, they received complaints regarding fraudulent transactions from credit cards, through ... Read more

BYD launched its popular electric vehicle Atto 3’s upgraded version in Bangladesh

Business Desk : dhakamirror.com BYD, the leading global New Energy Vehicle (NEV) manufacturer, has launched the upgraded version of its popular electric vehicle, BYD Atto 3, at an exclusive event on 20 September at the BYD Flagship Showroom in Tejgaon, Dhaka. The event was graced by Hafizur Rahman Khan, Chairman of CG RUNNER BD LTD, ... Read more

Ruhul Quddus Khan takes charge as Unilever Bangladesh CEO

Business Desk : dhakamirror.com Unilever Bangladesh Limited (UBL) has appointed Ruhul Quddus Khan as its chief executive officer (CEO) and managing director, with effect from November 1. Ruhul, a career Unilever leader, began his journey with the company in 1996 as a trainee under the Unilever Future Leaders’ Programme at the Kalurghat factory. Over his ... Read more

Samsung TV crowned best brand for 2025-26

Business Desk : dhakamirror.com Superbrands has honored Samsung TV with the Best TV Brand award for the second time in a row for its excellence in TV manufacturing at the gala event held on September 20 at Le Méridien Dhaka, said a press rlease on Saturday. This award comes as Samsung TV continues to be ... Read more

Xiaomi launches Redmi Pad 2 in Bangladesh

Business Desk : dhakamirror.com Xiaomi has launched the Redmi Pad 2 in Bangladesh, offering an advanced display, long battery life, and enhanced sound to improve the digital experience for local users. The device features an 11-inch 2.5K display with a 90Hz refresh rate, delivering a smooth experience for streaming, content creation, and gaming. Its adaptive ... Read more

Google Pay Launching in Bangladesh Next Week

Business Desk : dhakamirror.com Google Pay is set to make its debut in Bangladesh by the middle of next week, ushering in a new era of hassle-free digital transactions for users. In partnership with global payment giants Mastercard and Visa, City Bank will roll out the contactless payment service at the Westin Dhaka hotel on ... Read more

Green Delta launches Bangladesh’s first insurance for pets

Initially, the policy will cover dogs and cats Sukanta Halder Green Delta has launched the country’s first insurance for pets, which the insurer sees as a milestone for the industry. This innovative product provides crucial financial protection for beloved companion animals, covering a range of unforeseen events, including accidental injuries, critical illnesses, and specified diseases, ... Read more

Apex Bangladesh Fashion Legacy 2025 combines cultural heritage with global style trends

Business Desk : dhakamirror.com Keeping pace with global fashion trends while celebrating the country’s fashion heritage, innovative designs, and sustainable production, the second edition of the “Apex Bangladesh Fashion Legacy Fashion Show 2025” was held in Dhaka. This grand event took place at the Aloki Convention Hall at 7pm on February 8. The fashion show ... Read more

Walton launches ‘AC Exchange Offer’

Business Desk : dhakamirror.com Walton on Wednesday announced launch of ‘AC Exchange Offer’ in which customers can buy Walton’s new air conditioners and get 25 per cent discount in exchange of their used ACs of any brands, said a press release. The company also announced a 5-year warranty facility for some printed circuit board models ... Read more

Grand event ‘GPH Maharaj Darbar’ held by GPH Ispat

Business Desk : dhakamirror.com GPH Ispat Limited, one of the leading manufacturers of steel rebar in Bangladesh, recently organised “GPH Maharaj Darbar-2024.” A total of 185 channel partners of the company across the country participated in the two-day event, according to a press release. The company recognised top-performing partners in various categories based on their ... Read more

SMC’s 50-year journey: innovation and success

News Desk : dhakamirror.com Social Marketing Company (SMC), a not-for-profit organisation, has completed 50 years of remarkable operations in the health sector of Bangladesh. Over the past five decades, the company has achieved significant milestones by marketing innovative products and delivering essential healthcare services. SMC recently organised a programme at the InterContinental Dhaka to celebrate ... Read more

Walton receives orders amounting Tk 350 crore at ATS Expo

Business Desk : dhakamirror.com Walton received orders worth around Tk 350 crore from various local and foreign companies at the “Advanced Technology Solution-ATS Expo 2024”, the country’s sole industrial expo organised by tech-giant Walton. SM Mahbubul Alam, managing director of Walton Hi-Tech Industries, provided the disclosure at the event’s closing ceremony. The three-day expo ended ... Read more

Big price drop on Walton desktops, extra 10% off for online orders

Business Desk : dhakamirror.com Walton Digi-Tech Industries Limited, the leading technology product manufacturing and marketing company in Bangladesh, has come up with a huge price drop on its desktop computers. This attractive price drop is applicable on the company’s AMD Ryzen™ processor-powered Avian series desktops. Under this, customers are enjoying a minimum price drop of ... Read more

bKash wins Mastercard Excellence Awards

Business Desk : dhakamirror.com bKash, the largest mobile financial service (MFS) provider in Bangladesh, recently won an award at the “Mastercard Excellence Awards” in recognition of its exceptional contributions to advancing financial inclusion and fostering a robust digital economy. The MFS provider was awarded by the US-based digital payment provider in the digital business category ... Read more

Dhaka resident buys Marcel fridge, wins car

Business Desk : dhakamirror.com Anisur Rahman, a resident of Uttarkhan, Dhaka, became the first lucky winner of a brand-new car under Marcel’s Digital Campaign Season-21, after purchasing a Marcel refrigerator. This campaign offers customers a chance to win a free car or assured gifts with the purchase of Marcel refrigerators, air conditioners, washing machines, and ... Read more

Banglalink teams up with Vivo to provide special data deals for youth

Business Desk : dhakamirror.com Banglalink, the country’s innovative digital operator, has partnered with vivo to launch a data offer specifically designed for tech-savvy youth. This collaboration aims to provide more convenient access to various digital services and exclusive content. Aligned with the ‘Youth’s Choice Smartphone’ proposition, Banglalink is offering 18GB of free data with the ... Read more

Emirates adjudged Best Airline in the World at the ULTRAs 2024 Awards

Business Desk : dhakamirror.com Emirates has once again been honored with the title of ‘Best Airline in the World’ at the esteemed ULTRAs 2024 Awards. Recognized by thousands of travelers worldwide, the airline stood out for its outstanding products, innovative services, and exceptional value-for-money experiences. Thierry Aucoc, Emirates Senior Vice President Commercial Operations in Europe ... Read more

Remittance rises in Oct, SOBs log larger share

Business Desk : dhakamirror.com Remittance inflow to Bangladesh increased by more than 21 per cent in October compared with that in the same month in the past year, as expatriates favoured official channels, mainly state-owned banks, following a significant political shift in the country on August 5. Bangladesh Bank data showed that remittance inflows reached ... Read more