Highlights:
- VIPB SEBL 1st Unit Fund declares 5% cash dividend
- VIPB NLI 1st Unit Fund announces 4% cash dividend
- Both funds generated total returns of around 20% in FY26
- Company attributes performance to disciplined value-investing strategy
Two open-ended mutual funds managed by VIPB Asset Management Company Limited have announced cash dividends for the fiscal year ended 30 June 2026 after posting strong returns.
At a trustee meeting held yesterday (27 July), the board of trustees approved a 5% cash dividend for the VIPB SEBL 1st Unit Fund and a 4% cash dividend for the VIPB NLI 1st Unit Fund.
According to a press release, both funds delivered robust performance despite market volatility.
The VIPB SEBL 1st Unit Fund generated a total return of 19.3% during FY26, comprising 14.3% growth in net asset value (NAV) and a 5% cash dividend.
The VIPB NLI 1st Unit Fund posted a total return of 19.8%, driven by 15.8% NAV growth and a 4% dividend payout.
The Investment Corporation of Bangladesh (ICB) serves as the trustee and custodian of both funds.
Southeast Bank PLC is the sponsor of the VIPB SEBL 1st Unit Fund, while National Life Insurance PLC sponsors the VIPB NLI 1st Unit Fund.
VIPB Asset Management said both funds were among the first in Bangladesh’s mutual fund industry to successfully transition from closed-ended to open-ended structures.
The VIPB SEBL 1st Unit Fund, launched in 2011 as the Southeast Bank 1st Mutual Fund, was converted to an open-ended fund in 2021 after 99.23% of unit holders voted in favour of the move.
The VIPB NLI 1st Unit Fund, introduced in 2012, was converted in 2022 with 99.93% support from unit holders.
The asset manager said the funds’ performance was driven by a disciplined asset allocation strategy focused on concentrated investments in undervalued blue-chip equities, treasury bonds and high-quality corporate bonds to maximise risk-adjusted returns.
“VIPB Asset Management remains dedicated to value investing, rigorous risk management and strong corporate governance,” the company said, adding that it remains committed to creating long-term value for investors while maintaining its fiduciary responsibilities.