Terms and Conditions

  1. The Units of the Fund, may be bought and surrendered through PLIAML and authorized selling agents appointed by PLIAML from time to time.
  2. Application must be made by an individual (both resident and non-resident), a corporation or company (both local and foreign), a trust or a society (registered in or outside Bangladesh) and not by minor or person of unsound mind.
  3. Joint application by two persons is acceptable. In such cases, registration and issuance of Confirmation of Unit Allocation will be in favor of principal applicant while dividend and other benefits, if any, will be addressed to bank account of principal applicant mentioned in the application form/bank account mentioned in BO account. In case of the death of any of the joint holders, only the survivor shall be recognized as having any title to the Units. On death of both the joint holders, the title to the units will bestow upon the nominee mentioned in the application form.
  4. Minimum purchase amount for individual investors is 100 (One hundred) Units and for institutional investors is 5,000 (Five thousand) Units.
  5. Application for purchase of Units should be accompanied by an account payee cheque/pay order/bank draft in favor of the fund’s name (i.e. “PLIAML Fund”) for the total value of the Units.
  6. After clearance/encashment of cheque/draft/pay order, the applicant will be issued with a Confirmation of Unit Allocation against every purchase of Units he/she/the institutional investor applies for. The units will also be delivered to the unit holder’s BO A/C in dematerialized form.
  7. Partial surrender is allowed without any additional cost subject to minimum surrender quantity is 100 (One hundred) Units both for individuals and institutions. Upon partial surrender, the Unit holder(s) will be issued with a new Confirmation of Unit Allocation representing the balance of his/her/their Unit holding.
  8. The Units may be transferred by way of inheritance/gift and/or by specific operation of the law. In case of transfer, the Fund will charge a nominal fee as decided by the Asset Manager from time to time except in the case of transfer by way of inheritance.
  9. Dividend may be delivered in cash or by way of Units under Cumulative Investment Plan (CIP) as the applicant gives option in the application form.
  10. All payments/receipts in connection with or arising out of transactions of the Units applied for shall be in Bangladeshi Taka.