Mutual Fund Management
The money pooled in by a large number of people (or investors) is what makes up a Mutual Fund. This fund is managed by a professional fund manager. It is a trust that collects money from a number of investors who share a common investment objective. Then, it invests the money in equities, bonds, money market instruments and/or other securities. Each investor owns units, which represent a portion of the holdings of the fund. The income/gains generated from this collective investment is distributed proportionately amongst the investors after deducting certain expenses, by calculating a scheme’s Net Asset Value or NAV. Zenith Investments Limited is proud to manage the following mutual fund known as Zenith Annual Income Fund – ZAIF:
Particulars of Zenith Annual Income Fund
| Type of the Mutual Fund | Open-ended Mutual Fund |
| Nature of the Mutual Fund | Income Fund as defined in the BSEC (Mutual Fund) Rules, 2001. |
| Sponsor | Zenith Investments Limited |
| Trustee & Custodian | Investment Corporation of Bangladesh-ICB |
| Asset Manager | Zenith Investments Limited |
| Starting Date of Fund Operations | 08 February, 2018 |
| Unit Face Value | Tk 10.00 (Ten Taka). |