EBLIL Sanchaya

EBLIL Sanchaya

As we know, at present bank interest rate is close to the inflation rate. Hence, deposit rate of the bank is not beneficial for the individual or corporate investors. In this scenario, EBLIL introduced capital market product through Monthly Investment Scheme named SANCHAY as a new investment vehicle. A person will deposit a certain amount of money in each month within life time of the scheme and fund manager will build portfolios gradually on periodical basis. The scheme is managed by professional fund manager under risk management tools and attempted to give maximum benefits to the scheme owners.
  • Monthly Investment amount is BDT 1,000 or any multiple of BDT 1,000 onwards. (Like BDT 1,000; BDT 2,000, BDT 5,000….BDT 10,000 or more).
  • Investment Tenure: 3, 5 & 7 Years
  • On maturity, the account owner can withdraw the whole fund along with benefit, extend the scheme tenure or may convert the scheme to our any other scheme. There will be no conversion fee in this regard.
  • Return expected to be higher than the existing bank deposit rate.
  • Competitive advantage in terms of cost and services.
  • Totally tax free income and tax allowance for individual investor.
  • SANCHAYA helpful for children’s Education, Marriage and Retirement financial crisis.
  • Electronic Fund transfer to minimize physical presence.
  • Insurance coverage facility on Natural or Accidental Death and Permanent Disability. [optional]
  • Fund managed by experienced professional Fund Manager.
  • Peace of mind in turbulent times due to multi-class asset investment policy and diversification of asset class.
  • Portfolio and transaction report on quarterly basis.
  • Opportunity of charge free extension of scheme tenure, extend the scheme tenure or conversion of fund into any other product of EBLIL after maturity.
Particulars Fees and Charges
Documentation Charge Tk. 400
Management Fee 1% half yearly on Asset Under Management (AUM) determined by the valuation policy of EBLIL.
Brokerage Fee 0.40% on transaction amount
CDBL Transaction Fee N/A
Payments Date 10th, 20th and last working day of the each month according to the opening date of the account.
Early withdrawal charges Within 1 year 5% penalty and after 1 year but before maturity 1% penalty will be charged on AUM.
Late payment charges BDT 10 per thousand but not more than BDT 50 at any amount of deposit.
Insurance coverage premium
i. Sum assured Minimum BDT 33,000 and Maximum BDT 5,00,000 on a scheme holder account.
ii. Premium shall be charged @ BDT 2.21 per BDT 1,000 sum assured i.e. if any scheme holder gives premium BDT 73 per year, s/he may get coverage of BDT 33,000 in case of Natural or Accidental Death and permanent Disability.
CDBL annual charge At Actual
* management reserve right to change any charge.
What is SANCHAYA Account?
SANCHAYA is one of the leading financial products of EBLIL designed especially for serving long term investors. SANCHAYA introduced to generate handsome return for its account holders.
Who is the eligible investor for MIS Account?
Any citizens of Bangladesh may invest irrespective of minority status. Other than individual investors, institutions and/or provident funds are also allowed to make investments.
What are the reasons behind making investments in a stock market product?
  • Probability of superior return from long-term investment
  • Allowed for Tax rebate
  • Capital gain is totally tax exempted
Why should I invest in stock market through EBLIL?
  • Committed and skilled research lineup
  • We have 4 years' solid reputation of producing average return over 20% in discretionary accounts
  • EBLIL has experienced investments team who has depth knowledge and experience on Capital Market
What is the Tax Rebate issue?
Amount of allowable investment is- actual investment or 30% of total (taxable) income or BDT. 1.5 Crore whichever is less. Tax rebate amounts to 15% of allowable investments.

The rate shall vary as:

Total Income Eligible Investment Amount Rate of Rebate
Up to 10 lac - 15%
10 lac – 30 lac For the first Tk. 2.5 lac 15%
Balance of the amount 12%
10 lac – 30 lac For the first Tk. 2.5 lac 15%
Next up to Tk. 5 lac 12%
Balance of the amount 10%
Is there any possibility of loss?
Capital market investment is liable to market chance and there is likelihood of misfortune. Be that as it may, risk can be reduced and diversified by following a closely controlled approach and investing over a long time horizon in preferred blue chip stocks.
Where will the fund be invested?
EBLIL will be put resources into chose blue chip stocks, which have demonstrated corporate administration, great execution history and expansion potential.
Can you assure me a certain return out of this account?
It is unrealistic to guarantee any sort of return in Capital Market like Fixed Deposit Receipt/Deposit Premium Scheme; however EBLIL has 4 years' solid reputation of producing average return over 20% in discretionary accounts and accomplished most astounding return of over 13% in the 1st quarter of 2017.
How often will I get portfolio and transaction statements?
Transaction statement and portfolio details will be sent to the clients quarterly via E-mail.
Can I make additional investments?
Yes, you can put any sum of extra investments in your account whenever amid the lifetime of the scheme.
How to pay the monthly investment amount?
The investment sum will be gathered through Direct Debit Instruction (Auto Debit) from the customer's bank account electronically. There is no need of physical accommodation of checks. Collection date will be 10th, 20th, and last working day of each month. Preferred payment mode to clients is BEFTN. However, Cheque may be issued on client’s requirement
Will I get any notification for due amount/non-payment?
Yes, EBLIL will inform through SMS before your installment due date and for any case deficient reserve announced by the bank.
How will the management fee be calculated?
Management fee will be accrued daily as (2/360) % = 0.0055% on daily market value of the portfolio. It will be charged half-yearly basis.
Will the charges be deducted from my portfolio account?
Yes, the charges and fees will be deducted from the account time to time. You do not need to make any payment for fee and charges separately.
What is the cost averaging?
Disciplined and periodic investment brings more return than one-off lump sum investment. Let’s have a look at realistic scenario while we used the data of Baraka Power Limited: Periodic investment through SANCHAYA Account will make 12.51% more return than one-off lump sum investment in this example.
What are the benefits of starting a MIS Account early? Why?
The more you keep the cash contributed, the quicker it will grow. The investment begins to procure returns and these returns again begin to win cash. Supremacy of compounding will be the tool that generally makes a tiny sum grows to huge amount. Periodic investment through Prosperity Account will make 12.51% more return than one-off lump sum investment in this example.
What will happen in case of consecutive failure of installment payments?
If monthly installment is unpaid for consecutive 6 months, account will be deactivated.
What will occur after the end of the plan?
The account will be restored after termination of the plan with no time bar unless customer demands for conclusion. Add up to resource estimation of the portfolio will be paid to customers at the season of conclusion.
Can you please elaborate the Insurance Coverage?
Yes; Insurance coverage facility includes Natural or Accidental Death and Permanent Disability (up to BDT 5 Lac per year) is attached with this product. It is an “optional” feature.
Can I possibly extend the period of the scheme?
Yes; you have to submit an application for the future transform.
Will there be any margin loan facility?
No margin loan will be provided.
What investment strategy is being followed?
A combination of both Mid-term and Long-term strategy is being followed. We do not Buy and Sell securities very frequently.
What are the required documents for opening SANCHAYA Account?
  • 1 Passport Size Photograph (Applicant's name in block letter, sign and attested by the CSO)
  • 1 Passport Size Nominees Photograph (Attested by the applicant) In case the nominee is minor, document of guardian must be given by the applicant
  • Photocopy of National ID, if National ID Card is not available then, Photocopy of Passport/ Driving License
  • Bank Certificate (Mandatory in case where National ID Card is not available) / Bank Statement
  • 12 Digit Tin Certificate (If any)
  • Trade license (if profession is business)