Upward trend of BD stock market
Bangladesh stock markets have been on an upward trend for the past 12 days closing at 4,665 on Thursday. But can it cross the loop of 4,300 to 4,700?
Our investment stock and MF portfolios now look richer. Some dividends (RIU) have already reached our accounts and cash dividends will arrive shortly. It looks as if many of the MFs may pay out 4 to 6 times more than acquiring price in about 4 years when the MFs will mature. Most of our recently bought bank stocks already shows good annual dividends, with the possibility of substantial long term capital growth.
I would like to request the BSEC to approve the rules formulated for MFs in respect of cash dividend and pay out without deduction of capital gain tax on maturity. The MF prospectus does show tax free dividend up to BDT 25,000 and free from any capital gain tax. If it is otherwise, investors need to be informed so that they can take informed decisions on their investments.
Luthfe Ali, On email
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