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Blue-Wealth 1st Balanced Fund

Blue-Wealth 1st Balanced Fund, which is a balanced fund, has the advantage to invest in a blend of equity and stock. The Fund has the potential to provide an incremental yield advantage over other conventional mutual funds operating in our industry. Potential investments include primarily high yield government securities, investment grade and high yield corporate bonds, as well as other capital market listed instruments appearing to offer relative value.

Latest NAV Information

Why Invest In This Fund ?

Enhanced Income Potential

Blue-Wealth 1st Balanced Fund, which is a balanced fund, has the advantage to invest in a blend of equity and stock. The Fund has the potential to provide an incremental yield advantage over other conventional mutual funds operating in our industry. Potential investments include primarily high yield government securities, investment grade and high yield corporate bonds, as well as other capital market listed instruments appearing to offer relative value.

A Dynamic, Flexible Approach

The Fund’s management team has the flexibility to adjust the fund’s sector weightings in response to changing market and economic conditions. This dynamic approach can allow the Fund to both be defensive and take advantage of compelling income opportunities across industries and credit qualities.

Strong Risk-Adjusted Returns

Sector allocations are guided by Blue-Wealth’s forward-looking market outlook, favoring what we believe are the most attractive return opportunities while limiting exposure to sectors offering less compelling relative value or more downside risk. We strive to adopt diversified approach designed to ensure attractive risk-adjusted returns.

Total return approach to maximizing income potential

While maximizing current income is its primary goal, the fund also seeks long-term capital appreciation and attractive risk-adjusted returns. This means that while the fund is going to seek out the highest possible income for investors, it aims to not sacrifice quality or principal.

Experienced Team

Blue-Weal Assets Limited is managed by a team who gathered expertise both on the money market and capital market through constantly analyzing macro-economic, technical, and fundamental trends within the marketplace. With this expertise the team can help mitigate volatility, and may also grant rich opportunities for solid diversification and the potential for strong risk-adjusted returns over time.

Industry Wise Investment Allocation Listed Securities

Schedule of Investment as on 30th September 2023

Industry Wise Investment % (Tabular Data)

  • Cement

    1.727%
  • Food & Allied

    11.734%
  • Fuel & Power

    17.407%
  • Pharmaceuticals & Chemicals

    44.805%
  • Tannery

    0.290%
  • Telecommunication

    20.442%
  • Textile

    3.593%

Fund Highlights

Feature Description

Nature/Type

This is an Open-End Mutual fund with Balanced Investment Features

Fund Objective

To generate long-term capital appreciation along with current income by investing in a mix of Equity, Debt Instruments, and money market instruments. These include listed equities, open-end & closed-end mutual funds, bonds, government securities, IPO & Pre-IPO placements. The fund also targets to achieve lower risk or standard deviation than the market by constructing a balanced portfolio.

Regulatory approval

The Fund received Regulatory Approval and Registration from the Bangladesh Securities and Exchange Commission on 11 May 2022 (Ref: BSEC/Mutual Fund/2022/131)

Registered and Corporate Office

House # 85, Level # 04, Road # 03, Block # F, Banani, Dhaka-1213

Sponsor

Blue-Wealth Assets Limited

Trustee

Sandhani Life Insurance Company Limited

Custodian

BRAC Bank Limited

Asset Manager

Blue-Wealth Assets Limited

Auditor

Hoda Vasi Chowdhury & Co.

Initial Size of the Fund

Tk. 25,00,00,000 (Taka Twenty-Five Crore) divided into 2,50,00,000 (Two Crore Fifty Lacs) Units of Tk.10 (Taka Ten) each

Face Value

Tk. 10 (Taka ten) per Unit

Transparency

NAV will be calculated on a weekly basis and published on the website of the Fund manager (www.bluewealthaml.com) and as prescribed in the Rule.

Target Group

Individuals (both resident and non-resident), institutions (both local and foreign), mutual funds, and collective investment schemes are eligible to subscribe to the Units of the Fund.

Dividend

Minimum of 70 (seventy) percent of the realized profit of the Fund will be distributed as dividend in Bangladeshi Taka in each accounting year.

Dividend Distribution

The dividend warrant will be distributed within 45 (forty-five) days from the date of declaration.

Tax Benefit

  • Income from a mutual fund or a unit fund up to tk. 25,000.00 (Twenty-Five Thousand) is exempted from tax under Income Tax Ordinance 1984.
  • Investment in the Blue-Wealth 1st Balanced Fund would qualify for an investment tax credit under section 44(2) of the Income Tax Ordinance.
  • The income of the Fund will also be exempted from Tax.

Transferability

The Units of the Fund are transferable by way of inheritance/ gift and/ or by specific operation of the law.

Liquidity/Encashment

The Unit holders can surrender and encash their Units to the Asset Manager and through the authorized selling agents appointed by the Asset Manager. The Asset Manager or selling agent shall be liable to re-purchase the units on behalf of the Fund.

Prospectus, Reports, and Accounts

Every Unit holder is entitled to receive an annual report along with the yearly and half-yearly statements of accounts as and when published on the asset management company’s website (www.bluewealthaml.com).

Constitutive Documents

Title Attachment
Prospectus of Blue-Wealth 1st Balanced Fund Download
BSEC Consent Letter For Blue-Wealth 1st Balanced Fund Download
Registered Trust Deed of Blue-Wealth 1st Balanced Fund Download

Forms

Title Attachment
Unit Purchase Form For Blue-Wealth 1st Balanced Fund For Institution Download
Unit Purchase Form For Blue-Wealth 1st Balanced Fund For Individual Download
Application Form For Transfer Unit Of Blue-Wealth 1st Balanced Fund Download
Unit Surrender Form For Blue-Wealth 1st Balanced Fund Download
Transfer Request Form (CDBL Form 14-1) Download
Rematerialization Request Form – RRF (CDBL Form 19-1) Download

Constitutive Documents

Title Attachment
Blue-Wealth 1st Balanced Fund – Dividend Declaration (for the period ended as of 31 December 2023) Download

Statements

Title Attachment
2024_Quarterly Un-Audited Financial Statements of BW1STBF for the Quarter ended on March 31, 2024 Download
2023_Audited Financial Statements of BW1STBF for the period from October 02, 2022 to December 31, 2023 Download
2023_Quarterly Un-Audited Financial Statements of BW1STBF for the Quarter ended on September 30, 2023 Download
2023_Half-Yearly Un-Audited Financial Statements of BW1STBF for the Period ended on June 30, 2023 Download
2023_Quarterly Un-Audited Financial Statements of BW1STBF for the Quarter ended on June 30, 2023 Download
2023_Quarterly Un-Audited Financial Statements of BW1STBF for the Quarter ended on March 31, 2023 Download
2022_Quarterly Un-Audited Financial Statements of BW1STBF for the Quarter ended on December 31, 2022 Download

Publications

Title Attachment
Portfolio Statement as of May 31, 2024 Download
Portfolio Statement as of April 30, 2024 Download
Portfolio Statement as of March 31, 2024 Download
Portfolio Statement as of February 29, 2024 Download
Portfolio Statement as of January 31, 2024 Download
Portfolio Statement as of December 31, 2023 Download
Portfolio Statement as of November 30, 2023 Download
Portfolio Statement as of October 31, 2023 Download
Portfolio Statement as of September 30, 2023 Download
Portfolio Statement as on August 31, 2023 Download
Portfolio Statement as on July 31, 2023 Download
Portfolio Statement as on June 30, 2023 Download
Portfolio Statement as on May 31, 2023 Download
Portfolio Statement as on April 30, 2023 Download
Portfolio Statement as on March 31, 2023 Download
Portfolio Statement as on February 28, 2023 Download
Portfolio Statement as on January 31, 2023 Download
Portfolio Statement as on December 31, 2022 Download
Portfolio Statement as on November 30, 2022 Download
Portfolio Statement as on October 31, 2022 Download

Procedures

The Units of Blue-Wealth 1st Balanced Fund can be bought / surrendered through Blue-Wealth Assets Limited (asset manager) and authorized selling agents appointed by the Asset Manager from time to time and any other procedure as prescribed by the Asset Manager. Surrender of units is allowed only through BLUE-WEALTH ASSETS LIMITED or the selling agents from which the units are originally purchased.

01

APPLICATION PROCESS

Application must be made by an individual (both resident and non-resident), a corporation or company (both local and foreign), a trust or a society (registered in or outside Bangladesh) and not by a firm, minor or person of unsound mind. Applications from the Insurance, Financial / Capital Market Intermediaries or any other Companies must be accompanied by Memorandum and Articles of Association. Joint application by two persons is acceptable. In such cases, registration and issuance of “Confirmation of Unit Allocation” will be in favor of principal applicant while dividend and other benefits, if any, will be addressed to the bank account of principal applicant mentioned in the application form / bank account mentioned in BO account. In case of the death of any of the joint holders, only the survivor shall be recognized as having any title to the Units. On death of both the joint holders, the title to the units will bestowed upon the nominee mentioned in the application form.
02

MINIMUM PURCHASE AMOUNT

Minimum purchase amount is – For individual investors: BDT 5,000.00 (Five Thousand Taka) against 500 units. The unit purchase price will vary depending on the NAV of the Blue-Wealth 1st Balanced Fund.
For institutional investors: BDT 100,000.00 (One Lac Taka) against 10000 units. The unit purchase price will vary depending on the NAV of the Blue-Wealth 1st Balanced Fund.. The minimum subscription amount for the individual or institution may change in the future upon due approval from the trustee.
03

PURCHASE PROCEDURE

Application for purchase of units should be accompanied by an account payee cheque / pay order / bank draft in favor of ‘Blue-Wealth 1st Balanced Fund.’ for the total value of units.

After clearance / encashment of the cheque / pay order / bank draft, the applicant will be issued with a “Confirmation of Unit Allocation” against every purchase of units he / she / the institutional investor applies for; the units will be delivered to the unit-holder’s BO A/C

04

Surrender Process

Partial surrender (fraction of total units held under a Unit Allocation Confirmation) is allowed without any additional cost subject to minimum surrender quantity is 500 (Five Hundred) units for both individuals and institutions. Upon partial surrender, the unit-holder will be issued with a new “Confirmation of Unit Allocation” representing the balance of his / her / its unit holding. Full surrender of units is also allowed without any additional cost. For both, partial and full surrender, investor must submit surrender form to Blue-Wealth Assets and submit CDBL transfer form to respective brokerage house.
05

Transfer Procedures

The Units may be transferred by way of inheritance/gift and/or by specific operation of the law. In case of transfer, the Fund may charge a nominal fee as decided by the Asset Manager from time to time except in the case of transfer by way of inheritance.

Risk Factors

All investments involve some degree of risk. In finance, risk refers to the degree of uncertainty and/or potential financial loss inherent in an investment decision. In general, as investment risks rise, investors seek higher returns to compensate themselves for taking such risks. Investors should know that Blue-Wealth Assets Limited managed Blue-Wealth 1st Balanced Fund are not guaranteed or assured return schemes and the past performance of the Sponsors and their affiliates or the Asset Manager does not guarantee future performance of the Scheme. The name of the Scheme does not in any manner indicate either the quality of the Scheme or its future prospects and returns. Investing in the Blue-Wealth Assets Limited managed Blue-Wealth 1st Balanced Fund involves some risks that investors should carefully consider before investing in the Blue-Wealth 1st Balanced Fund.

Business Risk

With a stock, investors purchase a piece of ownership in a company. With a bond, investors loan money to a company. Returns from both of these investments require that the company stays in business. If a company goes bankrupt and its assets are liquidated, common stockholders are the last in line to share the proceeds. If there are assets, the company’s bondholders will be paid first, then holders of preferred stock. A common stockholder gets whatever is left, which could be nothing.

Volatility Risk

Even when companies aren’t in danger of failing, their stock price may fluctuate up or down. Market fluctuations can be unsettling to some investors. A stock’s price can be affected by factors inside the company, such as a faulty product, or by events the company has no control over, such as political or market events.

Inflation Risk

Inflation is a general upward movement of prices. Inflation reduces purchasing power, which is a risk for investors receiving a fixed rate of interest. The principal concern for individuals investing in cash equivalents is that inflation will erode returns.

Interest Rate Risk

Interest rate changes can affect a bond’s value. If bonds are held to maturity the investor will receive the face value, plus interest. If sold before maturity, the bond may be worth more or less than the face value. Rising interest rates will make newly issued bonds more appealing to investors because the newer bonds will have a higher rate of interest than older ones. To sell an older bond with a lower interest rate, an investor might have to sell it at a discount.

Liquidity Risk

This refers to the risk that investors won’t find a market for their securities, potentially preventing them from buying or selling when they want. This can be the case with the more complicated investment products. It may also be the case with products that charge a penalty for early withdrawal or liquidation such as a certificate of deposit (CD).

Terms & Conditions

  • The Units of Blue-Wealth 1st Balanced Fund, hereinafter referred to as the Fund, may be bought and surrendered through Blue-Wealth Assets Limited and authorized selling agents appointed by Blue-Wealth Assets Limited from time to time.
  • Application must be made by an individual (both resident and non-resident), a corporation or company (both local and foreign), a trust or a society (registered in or outside Bangladesh) and not by minor or person of unsound mind.
  • Joint application by two persons is acceptable. In such cases, registration and issuance of Confirmation of Unit Allocation will be in favor of principal applicant while dividend and other benefits, if any, will be addressed to bank account of principal applicant mentioned in the application form/bank account mentioned in BO account. In case of the death of any of the joint holders, only the survivor shall be recognized as having any title to the Units. On death of both the joint holders, the title to the units will bestow upon the nominee mentioned in the application form.
  • Minimum purchase amount for individual investors is 500 (Five hundred) Units and for institutional investors is 10,000 (Ten thousand) Units.
  • Application for purchase of Units should be accompanied by an account payee cheque/pay order/bank draft in favor of “Blue-Wealth 1st Balanced Fund” for the total value of the Units.
  • After clearance/encashment of cheque/draft/pay order, the applicant will be issued with a Confirmation of Unit Allocation against every purchase of Units he/she/the institutional investor applies for. The units will also be delivered to the unit holder’s BO A/C in demat form.
  • Partial surrender is allowed without any additional cost subject to minimum surrender quantity is 500 (five hundred) Units both for individuals and institutions. Upon partial surrender, the Unit holder(s) will be issued with a new Confirmation of Unit Allocation representing the balance of his/her/their Unit holding.
  • The Units may be transferred by way of inheritance/gift and/or by specific operation of the law. In case of transfer, the Fund will charge a nominal fee as decided by the Asset Manager from time to time except in the case of transfer by way of inheritance.
  • Unit holders may split their Unit Certificates subject of minimum denomination of 500 (Five Hundred) units. In case of split, the fund will charge a nominal fee as decided by Blue-Wealth Assets Limited from time to time.
  • Dividend may be delivered in cash or by way of Units under Cumulative Investment Plan (CIP) as the applicant gives option in the application form.
  • All payments/receipts in connection with or arising out of transactions of the Units applied for shall be in Bangladeshi Taka.

Sponsor & Asset Manager

Trustee

Custodian

ABOUT US

Blue-Wealth Assets Limited is an asset management company licensed by Bangladesh Securities and Exchange Commission and offers a broad selection of investments, advice, retirement services, and insights to individual investors, institutions, and financial professionals.

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