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 to earn superior risk-adjusted return by maintaining a diversified investment portfolio and provided attractive dividend payment to unit shareholder. 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), services and real estate, pharma, tannery, travel & leisure engineering, and telecommunication. The Fund's manager is Bangladesh RACE Management PCL.
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