SMEL lecture equity fund declares no dividend despite profit
Also other two funds declare no dividend as they incur losses
SEML Lecture Equity Management Fund, a closed-end mutual fund managed by Strategic Equity Management Limited, has declared no dividend for the fiscal year 2024-25 despite posting a profit during the period.
The mutual fund has failed to pay any dividend to its unit holders for two consecutive fiscal years.
According to its website, the sponsor of the fund is Lecture Publications Limited, and its initial fund size is Tk50 crore.
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As per its financial statements for FY25, the fund posted a profit after tax of Tk2.14 crore with an earnings per unit (EPU) of Tk0.43.
In the previous fiscal year 2023-24, it incurred a loss of Tk3.49 crore with a loss per unit of Tk0.70.
As of June 2025, the retained earnings of the fund stood negative at Tk1.31 crore, compared to a negative Tk3.39 crore in the same period of the previous fiscal year.
Ehsanul Kabir, managing director and CEO, told The Business Standard, "Despite the sluggish capital market in the last fiscal year, the fund made a good profit, but it could not declare a dividend as retained earnings remained negative."
"However, the fund has been performing better in the current fiscal year, and if this trend continues, a dividend may be possible in the next fiscal year," he added.
SEML FBLSL Growth Fund, managed by Strategic Equity Management Limited, has also refrained from recommending any dividend for FY25 as it incurred a loss of Tk8.20 lakh, equivalent to Tk0.01 per unit.
However, the fund's losses narrowed significantly in FY25 compared to the previous fiscal year when it had incurred a loss of Tk6.43 crore. The sponsor of the fund is FBL Securities Limited, and its initial fund size is Tk100 crore.
Meanwhile, the trustee of Reliance 1 Mutual Fund has declared no dividend for FY25 as it posted a loss of Tk1.87 crore with a per-unit loss of Tk0.31. In the same period of the previous fiscal year, the fund had posted a profit of Tk2.43 crore with earnings per unit (EPU) of Tk0.40, according to its financial statements.
The fund is managed by Asset & Investment Management Services of Bangladesh Limited (popularly known as AIMS of Bangladesh), with an initial fund size of Tk55 crore.
