IDLC Asset Management Limited
| File:IDLC Asset Management Limited.jpg | |
| Private [1] | |
| ISIN | 🆔 |
| Industry |
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| Founded 📆 | 2015 |
| Founder 👔 | |
| Headquarters 🏙️ | South Avenue Tower (5th Floor) Unit 502, House 50, Road 3,7 Gulshan Avenue, Dhaka 1212, Bangladesh |
Area served 🗺️ | Bangladesh |
Key people | [2] |
| Products 📟 | |
| Members | |
Number of employees | |
| 🌐 Website | http://aml.idlc.com/ |
| 📇 Address | |
| 📞 telephone | |
IDLC Asset Management Limited (IDLCAML) is an asset management company, headquartered in Dhaka, Bangladesh, with an assets under management of BDT 1.1 billion (US$13 million).[3][4] The company is a wholly owned subsidiary of IDLC Finance Limited (IDLC), the country's largest[5] Non-Banking Financial Institution, which was created jointly by, International Finance Corporation, German Investment Corporation, Korea Development Bank, Aga Khan Fund for Economic Development and other local and international institutions.
It offers asset management services in forms of Mutual Funds and Alternative Investment vehicles focused on Private Equity and Venture Capital space.
History[edit]
IDLC Asset Management Limited was incorporated on 19 November 2015 with an authorized capital of BDT 250,000,000. The company obtained the asset management license on 7 June 2016[6] with a paid-up capital of BDT 100,000,000.[7] The company was awarded alternative investment management licence on 16 July 2018.[8] IDLC AML was the first Mutual Funds manager in Bangladesh to bundle insurance with Mutual Fund Products[9][10] The company was a pioneer in introducing Systematic Investment Plan and Zero-load funds in Mutual Funds Industry in Bangladesh. IDLC AML arranged its parent IDLC Finance Limited's investment in Series A round of chaldal.com,[11][12] the first of its kind transaction by a traditional Financial Institution in Bangladesh.
Products and Services[edit]
Mutual Funds[edit]
IDLC Asset Management Limited offers Mutual Funds products to retail and institutional investors in form of lump sum investment and Systematic Investment Plan. The company currently has two Mutual Funds
- IDLC Balanced Fund[13]
- IDLC Growth Fund
Alternative Investments[edit]
The company offers Private Equity and Venture Capital services for institutional investors.
Sister Concerns[edit]
IDLC Asset Management Limited has the following sister concerns:[14][15]
- IDLC Finance Limited
- IDLC Securities Limited
- IDLC Investments Limited
See also[edit]
- IDLC Finance Limited
- IDLC Investments Limited
- IDLC Securities Limited
- Investment Corporation of Bangladesh
- Mutual Fund
References[edit]
- ↑ "IDLC Anuual report 2015" (PDF). idlc. Retrieved May 29, 2017.[permanent dead link]
- ↑ "Our Management". idlc. Retrieved May 29, 2017.
- ↑ "Quarterly Report of IDLC Balanced Fund" (PDF).
- ↑ "Quarterly Report of IDLC Growth Fund" (PDF).
- ↑ "IDLC Finance Limited". FMO: Entrepreneurial Development Bank.
- ↑ "IDLC get Asset Management Licence". The Daily Star.
- ↑ "List of Asset Management Companies". Bangladesh Securities and Exchange Commission.
- ↑ "List of Fund Managers". Bangladesh Securities and Exchange Commission.
- ↑ "Delta Life Ins signs deal with IDLC AML". The Financial Express.
- ↑ "Delta Life Ins signs deal with IDLC AML". The Financial Express.
- ↑ "Y Combinator-backed delivery startup Chaldal raises $5.5 million for 'nano-warehouse' technology". venturebeat.com.
- ↑ "ChalDal". crunchbase.com.
- ↑ "IDLC launches open-end mutual fund". The Daily Star.
- ↑ "Our Sister Concerns". Retrieved May 29, 2017.
- ↑ "IDLC appoints group chief marketing officer". 2016-08-09. Retrieved June 18, 2017.
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