ICL INCTL Shariah Fund

BalancedShariah

Open-end balanced mutual fund in Bangladesh, Shariah-compliant, managed by Impress Capital. Tracked since Dec 2023, with dividends reinvested by default or taken as cash.

৳10.88NAV per unit
৳8 crFund size
2.6 yrsSince Dec 2023
+3.35%Per year, since launch

Latest collected NAV: 29 Jun 2026, from Impress Capital's website. Page last updated: 20 Jul 2026. NAVs are refreshed every day.

Historical returns

Total return reinvests every dividend. “Per year” is the annualized compound rate. The last column is the return on a fixed amount invested every month (SIP).

Return periodTotal returnPer yearMonthly SIP /yr
6 months+4.02%+8.19%+12.32%
1 year+8.69%+8.69%+5.58%
2 years+9.46%+4.62%+5.68%
Max (2.6 yrs)+8.58%+3.35%+4.73%

Figures as of 29 Jun 2026.

Calculate your return

Just this fund. Set an amount, pick one-time or monthly, and choose a period.

Dividends
৳1,000 · Dec 2023৳1,086 · 29 Jun 2026

Total-return NAV rebased to your amount. Dividends are reinvested by default; switch to taken as cash above.

Fund details

Management fee2.50% down to 1.00% per year (tiered by fund size)
Early-exit feeUp to Tk 0.10 per unit discount from NAV on surrender
Minimum investmentBDT 1,000 (100 units)
LiquidityOpen-end, redeemable weekly at NAV
Asset managerImpress Capital
SponsorImpress-Newtex Composite Textiles
TrusteeBangladesh General Insurance Company
CustodianBRAC Bank
Face valueBDT 10 per unit

What ICL INCTL Shariah Fund holds

As of 31 Mar 2026

From the fund’s quarterly portfolio disclosure. Percentages by market value.

Asset mix
Listed equity 56.50%Government Sukuk 12.29%Cash & Islamic deposits 25.68%Receivables & prepayments 3.23%Preliminary & issue expenses 2.29%
Sector allocation
Pharmaceuticals & Chemicals16.25%
Cement10.07%
IT9.87%
Miscellaneous9.71%
Telecommunication7.75%
Food & Allied2.85%
Top holdings
Marico Bangladesh10.53%
LafargeHolcim Bangladesh10.07%
IT Consultants9.87%
Berger Paints Bangladesh9.71%
Grameenphone7.75%
Ibn Sina Pharmaceutical5.72%
Olympic Industries2.85%

Its 5 largest holdings are 47.93% of the fund.

✓ Verified from ICL quarterly financial statements (scrip-level annexure) (31 Mar 2026). Holdings are disclosed quarterly, so they can lag the latest weekly NAV.

Shariah-screened portfolio: govt holdings are Socio Economic Development Sukuk and deposits are Islamic (Mudaraba); non-compliant dividend income is purified per the DSE Shariah Index ratio.

Questions about ICL INCTL Shariah Fund

What kind of fund is ICL INCTL Shariah Fund?
ICL INCTL Shariah Fund is an Shariah-compliant open-end balanced mutual fund in Bangladesh, managed by Impress Capital. You buy and redeem units at its weekly net asset value (NAV), and it has no fixed maturity.

What is the historical return of ICL INCTL Shariah Fund?
Over roughly 2.6 years to 29 Jun 2026, ICL INCTL Shariah Fund returned about +3.35% per year, as a total return with dividends reinvested. The figure changes with the period you choose, and past performance does not guarantee future results.

What are the fees for ICL INCTL Shariah Fund?
ICL INCTL Shariah Fund charges a management fee of 2.50% down to 1.00% per year (tiered by fund size). Its published NAV, and so every return shown, is already net of this fee.

Does ICL INCTL Shariah Fund have an exit load?
Up to Tk 0.10 per unit discount from NAV on surrender.

What is the minimum investment for ICL INCTL Shariah Fund?
ICL INCTL Shariah Fund has a one-time minimum of BDT 1,000 (100 units).

Is ICL INCTL Shariah Fund Shariah-compliant?
Yes. ICL INCTL Shariah Fund is a Shariah-compliant fund, investing only in Islamically permissible ways under a Shariah supervisory board.

Compare ICL INCTL Shariah Fund with other funds →
ExperimentalReturnKoto? ratingstill being calibrated

We are building a rules-based rating for each fund. It is experimental and still being calibrated, so treat it as one starting point for your own research rather than a verdict, and expect it to change as the method is refined. Every input is published on the ratings page so you can check it yourself.

Not yet rated

A rating needs at least three years of history; this fund has about 2.6. The figures below are still measured from its NAVs.

Return / year
n/a
Downside deviation
n/a
Worst drop
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Consistency
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Versus the market (DSEX)

Beta 0.35 · historically moved about 0.35% for each 1% move in the DSEX market index. DSEX explains roughly 25% of its month-to-month swings.

✓ Rules-based, measured from the fund’s own NAV history. How the rating will work.