Terms & Conditions for Investment in VIPB AMC Funds

1. 1.

   Investments in any mutual fund managed by VIPB Asset Management Company Limited (“VIPB AMCL”) may be made through the VIPB Investors’ Portal, authorized representatives, or any other channels approved by VIPB AMCL from time to time.

2. 2.

   Applications may be submitted by eligible individuals (resident or non-resident Bangladeshis), companies, institutions, trusts, societies, and other legally recognized entities in accordance with applicable laws and regulations of Bangladesh. Applications from minors, persons of unsound mind, or unregistered entities shall not be accepted.

3. 3.

   Joint investments by two applicants are permitted. In such cases, the first applicant shall be treated as the primary holder for all communications, account operations, dividend distributions, and redemption proceeds unless otherwise instructed in writing and accepted by VIPB AMCL.

4. 4.

   The minimum investment amount shall be determined by VIPB AMCL and may vary depending on the fund, investment type, regulatory requirements, or promotional campaigns. VIPB AMCL reserves the right to revise such minimum amounts at any time without prior notice.

5. 5.

   All payments for investments must be made through approved banking channels, online payment gateways, BEFTN, mobile financial services, card payments, or any other payment methods accepted by VIPB AMCL.

6. 6.

   Units shall be allotted only after successful realization and verification of payment. A digital confirmation of unit allocation shall be made available through the Investors' Portal, email, SMS, or any other communication channel determined by VIPB AMCL.

7. 7.

   If a valid Beneficiary Owner (BO) account is provided by the investor, units may also be credited in dematerialized form subject to applicable regulations and operational procedures.

8. 8.

   Investments through Systematic Investment Plan (SIP) are subject to the SIP rules, schedules, and operational guidelines determined by VIPB AMCL from time to time. SIP installments must be paid within the prescribed timelines to remain active.

9. 9.

   VIPB AMCL reserves the right to reject, suspend, or cancel any application or transaction if the information provided is incomplete, misleading, fraudulent, inconsistent with regulatory requirements, or otherwise deemed unsuitable.

10. 10.

    Investors are solely responsible for providing accurate personal, banking, nominee, tax, and identification information. VIPB AMCL shall not be liable for any loss, delay, or complication arising from incorrect or outdated information submitted by the investor.

11. 11.

    Investors may redeem or surrender units in accordance with the applicable redemption policy, cut-off timings, lock-in provisions (if any), and relevant regulations governing the respective fund.

12. 12.

    Units may be transferred only in accordance with applicable laws, regulatory requirements, and the policies of VIPB AMCL, including transfers by inheritance, nomination, gift, or court order.

13. 13.

    Dividend distributions, reinvestments, or benefits under any Cumulative Investment Plan (CIP) shall be processed according to the option selected by the investor and subject to the distribution policy of the respective fund.

14. 14.

    All transactions, payments, distributions, and settlements shall be made in Bangladeshi Taka (BDT).

15. 15.

    NAV applicability, unit pricing, and transaction processing timelines shall be governed by the prevailing rules, regulations, and operational practices of the respective mutual fund and applicable regulatory authorities.

16. 16.

    VIPB AMCL may use electronic communications including email, SMS, app notifications, or portal notifications for transaction confirmations, account statements, notices, and other investor communications. Such electronic records shall be deemed valid and binding.

17. 17.

    Investors acknowledge and accept the risks associated with capital market investments, including the possibility of fluctuation in returns and loss of principal. Past performance of any fund does not guarantee future results.

18. 18.

    VIPB AMCL reserves the right to amend, modify, suspend, or update these Terms & Conditions, investment procedures, fees, operational processes, or service features at any time in accordance with applicable laws and regulatory requirements.

19. 19.

    All investments shall be subject to the rules, regulations, guidelines, circulars, and notifications issued by the Bangladesh Securities and Exchange Commission, Bangladesh Bank, and any other applicable regulatory authority.

20. 20.

    By proceeding with an investment through the Investors' Portal, the investor confirms that they have read, understood, and agreed to these Terms & Conditions and any other applicable policies published by VIPB AMCL.

Additional Terms for SIP Auto-Debit / BEFTN Facility

1. 1.

   SIP auto-debit instructions through BEFTN or any automated payment system shall remain valid until cancelled or modified in writing or through approved digital channels accepted by VIPB AMCL.

2. 2.

   Investors must ensure sufficient balance is available in their designated bank account or payment source on the scheduled debit date and for a reasonable period thereafter to avoid failed transactions.

3. 3.

   VIPB AMCL shall not be responsible for failed, delayed, or rejected transactions caused by insufficient balance, banking system errors, technical disruptions, payment gateway issues, or restrictions imposed by financial institutions.

4. 4.

   In the event of repeated failed SIP payments, VIPB AMCL reserves the right to suspend, deactivate, or terminate the SIP instruction without prior notice.

5. 5.

   Any amendment, pause, cancellation, or modification request related to SIP auto-debit instructions may require advance notice as determined by VIPB AMCL and participating financial institutions.

6. 6.

   Transaction records appearing in the investor's bank statement, mobile financial services statement, or portal transaction history shall constitute valid proof of payment.

7. 7.

   VIPB AMCL reserves the right to introduce additional operational requirements, verification procedures, or security measures for digital transactions and auto-debit facilities.

8. 8.

   All BEFTN and automated debit transactions shall be governed by the applicable rules and operating guidelines issued by Bangladesh Bank and related payment system operators.

For queries, contact VIPB Asset Management Company Limited at Police Plaza Concord, Tower 1, Level 11, Plot 2, Road 144, Gulshan 1, Dhaka 1212 or email info@vipbamc.com.