An alternative to low-yield bank deposits

Depending on the profits earned, investors are then paid their share as dividends.
As of March 2021, 29 asset management companies in the country are managing a total of Tk 13,420 crore under 101 mutual fund schemes.
Some 64 of these schemes are open-ended mutual funds that have a combined asset value of Tk 10,380 crore.
In 2018 and 2019, all open-ended funds generated an average excess return of 7.5 per cent and 9.6 per cent respectively over stock market movement.
Some fund managers have provided dividend yields of more than 8 per cent year-after-year while others paid 12 to 15 per cent cash dividends even amid the ongoing Covid-19 crisis in 2020.
"Return on investments on open-ended mutual funds are better compared to bank deposits," said Mahmood Osman Imam, a professor of finance at the University of Dhaka.

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