Company IFIC Bank 1st Mutual Fund

IFIC Bank 1st Mutual Fund is a Bangladesh-based close- end fund. The objective of the Fund is to the regular dividends to the investors by investing the Fund both in capital and money market instruments. The objective of the Fund is providing attractive dividends to its unitholders by earning a superior risk-adjusted return from a diversified investment portfolio. The Fund invests in various sectors, including bank, cement, corporate bond, food and allied, fuel and power, insurance, mutual funds, miscellaneous, non-bank financial intermediation (NBFI), pharma, tannery, and telecommunication. The Fund's manager is Bangladesh RACE Management PCL.