Shareholders of ICB First Mutual Fund will receive 210 percent dividend, ICB Second Mutual Fund 55 percent, ICB Third Mutual Fund 52 percent, ICB Fourth Mutual Fund 48 percent, ICB Fifth Mutual Fund 27 percent, ICB Sixth Mutual Fund 18.50 percent, ICB Seventh Mutual Fund 16 percent and ICB Eighth Mutual Fund will get 15 percent dividends.

After approvals of the dividends, ICB Managing Director Ziaul Haque Khondker at a press conference in Dhaka said during the year 2004-05, ICB's net profit from unit fund was recorded at Tk.7515.33 lakh where ICB will pay to the investors Tk 12 per unit on unit fund.

He said in 2004-05 the net profit meant for disbursement of the first mutual fund was Tk 320.36 lakh, second mutual fund Tk 111.02 lakh, third mutual fund Tk 153.04 lakh, fourth mutual fund Tk 161.67 lakh, fifth mutual fund Tk 73.68 lakh, sixth mutual fund Tk 139.56 lakh, seventh mutual fund Tk 88.06 lakh and eighth mutual fund was Tk 144.30 lakh.

The ICB has been able to declare attractive dividends on its unit and mutual funds through prudent and efficient portfolio management, the ICB MD mentioned.

Speaking at the press conference, ICB General Manager Jahangir Miah said,

small and medium investors feel more secure investing in the mutual fund and unit fund.

But after 1996, there is no mutual fund listed on the capital market due to its lengthy approval process. So, it is necessary to list more mutual fund companies on the capital market so as to encourage and sustain the flow of public investment, Jahangir added.