প্রগতি (Progoti): Your Path to Consistent Wealth Growth
Start Building Your Future, One Step at a Time with Progoti
1. What is Progoti (SIP)?
Progoti (SIP – Systematic Investment Plan) is a monthly investment plan offered by BRAC EPL Investments Limited’s wealth management department, designed to help you achieve your financial goals through disciplined and regular investments. You will deposit a fixed amount on a fixed date of a month, which will be invested as per your investment strategy by our expert wealth managers.
2. What are the investment strategies available under Progoti?
Progoti offers three main investment strategies: Equity Focus, Debt Focus, and Balanced Strategy. Both Equity and Balanced Focus strategy also has Aggressive, Moderate, and Defensive options based on your risk profile.
3. What is the minimum investment amount for Progoti?
The minimum monthly investment for the Fixed Income Strategy is BDT 10,000 (and in multiples of BDT 1,000 thereafter). For Equity Focus and Balanced Strategies, the minimum monthly investment is BDT 5,000 (and in multiples of BDT 1,000 thereafter). You can also invest any other amount in addition to your fixed monthly payments.
4. When can I make my monthly SIP installment?
You can choose one of three dates for your monthly installment: the 8th, 17th, or 28th of each month.
5. How can I pay for my monthly installments?
You can pay for your monthly installments in two ways:
Auto Debit Instruction: By setting up an Auto Debit Mandate while opening your Progoti account.
Direct Deposit: By making a direct deposit or online transfer to BEIL's designated bank account, ensuring your SIP account number is mentioned in the remarks. After the deposit you should email the deposit slip (for physical deposit) or confirmation email (for online transfer) to wmd@bracepl.com mentioning your account number in the subject.
6. What is "Price Averaging" and how does Progoti help with it?
Price averaging is an investment strategy where you invest a fixed amount of money at regular intervals. When prices are low, your fixed investment buys more units, and when prices are high, it buys fewer units. Over time, this helps average out your purchase price, reducing the overall average cost of your investment and mitigating the risk of investing a large sum at an unfavorable market peak. Progoti SIP inherently helps you achieve price averaging through its regular, fixed monthly investments. Let say you invest BDT 5000 per month.
Month
Price
Unit Bought
1st Month
BDT 100
50
2nd Month
BDT 80
62
3rd Month
BDT 125
40
Average price for 3 months:
Total Investment = BDT 15,000
Total Unit bought = 152 units
Average price = BDT 98.68
Current Merket Price = BDT 125
7. What is the minimum tenure for Progoti?
The minimum tenure for Progoti is 3 years.
8. Can I withdraw my investment before 3 years?
Yes, an early retirement option is available before the completion of 3 years. But that may not give you your expected return.
9. What are the charges and fees associated with Progoti?
Management Fee: 1.5% per annum, calculated daily and charged quarterly on the Assets Under Management (AUM).
Transaction Charge: 0.40% on the transaction amount for Equity investments, and 0.10% or BDT 100 (whichever is higher) for Fixed Income investments.
Other Charge: A CDBL fee at actual.
10. How are my investments managed under Progoti?
Your investments are managed by our expert wealth managers who will manage your investments as per your investment strategy decided during account opening.
12. What are the tax implications for Progoti?
As per Income Tax Act – 2023 you can get tax rebate by investing:
Any amount in capital market or
Up to BDT 5,00,000 (BDT five lac only) in Government Securities.
11. How do I open a Progoti account?
To open a Progoti account, please call – 01730 324 376, 01755 631 721 or click the below link and chose Wealth Management SIP from the product type
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