VIPB Asset Management Co. Ltd is one of the leading asset management firms in the mutual fund industry.  The company launched its first closed end mutual fund, Southeast Bank 1st Mutual Fund (SEBL1STMF) in 2011.  The second closed end mutual fund of the firm, NLI 1st Mutual Fund (NLI1STMF) was launched in 2012. Both of the funds have completed their designated tenure of 10 years and then they were duely converted into open ended mutual funds. SEBL1STMF was converted into VIPB SEBL 1st Unit Fund and NLI1STMF was converted into VIPB NLI 1st Unit Fund.  Currently the company doesn't have any closed-end mutual fund under operation.  The company manages six open-ended mutual funds (as of September 2024). Fund information and documents of the previously closed-end funds SEBL1STMF and NLI1STMF can be seen below.

Southeast Bank 1^st Mutual Fund          
(converted into an open-ended mutual fund)

Fund Facts

Nature: Close-ended Mutual Fund of 10 (ten) years’ tenure
Inception: May 23, 2011
Sponsor: Southeast Bank Limited
Trustee: Investment Corporation of Bangladesh (ICB)
Custodian: Investment Corporation of Bangladesh (ICB)
Auditor: HodaVasi Chowdhury & Co.
Dividend: Minimum 70% realized income of the Fund will be distributed as dividend.
Distribution: The dividend will be distributed within 45 days from the date of declaration.
Current Status: Duly converted into an open-ended fund named, VIPB SEBL 1st Unit Fund

Fund Documents

• Abridged Prospectus
• Full Prospectus
• Registration Certificate
• Board of Trustee
• Investment Management Agreement
• Trust Deed

NLI First Mutual Fund           
(converted into an open-ended mutual fund)

Fund Facts

Nature: Close-ended Mutual Fund of 10 (ten) years’ tenure
Inception: February 27, 2012
Sponsor: National Life Insurance Limited
Trustee: Investment Corporation of Bangladesh (ICB)
Custodian: Investment Corporation of Bangladesh (ICB)
Auditor: HodaVasi Chowdhury & Co.
Dividend: Minimum 70% realized income of the Fund will be distributed as dividend.
Distribution: The dividend will be distributed within 45 days from the date of declaration.
Current Status: Duly converted into an open-ended fund named, VIPB NLI 1st Unit Fund
 

Fund Documents

• Abridged Prospectus
• Full Prospectus
• Registration Certificate
• Board of Trustee
• Investment Management Agreement
• Trust Deed