Alliance Capital Management

Asset Managementacaml.com

Alliance Capital Asset Management Limited is a Bangladesh-based, BSEC-authorized asset manager operating two unit trust funds (MTBUF and ALSUF) on the Dhaka Stock Exchange, serving retail and institutional investors via an investor portal and a proprietary research library.

Company typePrivate
Founded2009
HeadquartersDhaka, Bangladesh
Headcount11–50
GTM typeB2B and B2C
OfferingServices

What Alliance Capital Management does

Alliance Capital Asset Management Limited (ACAML) is a Bangladesh-based, privately held asset management company founded in 2009 and headquartered in Dhanmondi, Dhaka. The firm operates as a BSEC-authorized asset manager serving retail and institutional investors in the Bangladesh capital market, with 11-50 employees. ACAML's core business is the management of two unit trust funds — MTBUF (Mutual Trust Bank Unit Fund) and ALSUF (Alliance Sandhani Life Unit Fund, managed in partnership with Sandhani Life) — both traded on the Dhaka Stock Exchange with daily NAV pricing in Bangladesh Taka. Combined AUM is approximately 1.05B BDT at market (~963M MTBUF cost / 802M MTBUF market; 301M ALSUF cost / 247M ALSUF market).

The firm's technology footprint is centered on a self-serve investor portal at portal.acaml.com for unit holder account access and NAV reporting, complemented by a published research library covering Macro Reports, Company Notes, Daily Market Reviews, Weekly Economic Indicators, Alliance Fortnightly Insights, IPO Notes, and Budget analyses. There are no disclosed APIs, SDKs, mobile applications, or AI/ML components. Distribution is built on integration with the Dhaka Stock Exchange, CDBL (Central Depository Bangladesh Limited), and Bangladeshi financial portals (AMARSTOCK, Stock Bangladesh, Financial Express), with a relationship-led sales motion for institutional clients and content-led acquisition for retail.

ACAML's revenue model is recurring asset management fees calculated on AUM with NAV-based unit pricing. Both retail and institutional investors are explicitly listed as primary customer segments, with no named anchor clients disclosed. In October 2022, the firm received the BSEC 'Independence Golden Jubilee Award' (স্বাধীনতার সুবর্ণজয়ন্তী পুরস্কার), ranking second in the Asset Management category for performance in 2020 activities, providing regulatory recognition as the primary differentiator.

Alliance Capital Management firmographics

Firmographics

Name: Alliance Capital Management
Legal name: Alliance Capital Asset Management Limited
Website: https://acaml.com
Company type: Private
Founded year: 2009
Operating status: Operating
Headcount range: 11–50 employees
Short description: Alliance Capital Asset Management Limited is a Bangladesh-based, BSEC-authorized asset manager operating two unit trust funds (MTBUF and ALSUF) on the Dhaka Stock Exchange, serving retail and institutional investors via an investor portal and a proprietary research library.
Ownership category
akta.pro rank

Alliance Capital Management industry classification

Industry

Product category: Asset Management
NAICS: Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)
SIC: Investment Advice (6282)
akta.pro primary industry: Broker-Dealer Affiliated Wealth Advisory (FSAEABAB)
akta.pro secondary industry: Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

Asset management services
Mutual fund management
Unit trust funds
Capital market research
Investment advisory

Where Alliance Capital Management is headquartered

Location

Headquarters

HQ city: Dhaka
HQ country: Bangladesh
HQ region: Asia

Offices1 record

Markets served

Alliance Capital Management business model

Business model

GTM type: B2B and B2C
Offering type: Services
Cost components: Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

Asset Management Fees: ACAML generates revenue through asset management fees charged on the funds it manages, including the MTBUF (Mutual Trust Bank Unit Fund) and ALSUF (Alliance Sandhani Life Unit Fund). Fees are calculated on Assets Under Management (AUM) with NAV-based pricing.

Pricing tiers

Model	Billing	Price
Unit Pricing	Pay-as-you-go	MTBUF (Mutual Trust Bank Unit Fund) - NAV-based pricing

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Alliance Capital Management product offering

Product offering

Core offering

Alliance Capital Asset Management Limited (ACAML) is a BSEC-regulated asset management company in Bangladesh that manages two unit trust funds — MTBUF (Mutual Trust Bank Unit Fund) and ALSUF (Alliance Sandhani Life Unit Fund) — and provides capital market research and advisory services to retail and institutional investors through its digital investor portal and proprietary research publications.

Product overview

Alliance Capital Asset Management Limited is a Bangladesh-based asset management company operating a platform-plus-services model. The firm manages two unit funds: MTBUF (Mutual Trust Bank Unit Fund) and ALSUF (Alliance Sandhani Life Unit Fund), both traded on the Dhaka Stock Exchange. Beyond fund management, the company offers a subscription-based research service providing institutional-grade market intelligence including Daily Market Reviews, Weekly Economic Indicators, Alliance Fortnightly Insights, Macro Reports, Company Notes on listed securities, IPO Notes, and Budget analysis. The product portfolio centers on the two NAV-tracked unit funds with integrated investor portal access, supported by a continuous publication of equity research and market commentary.

Differentiator

Problem solved

Functional benefit

Brands

MTBUF (Mutual Trust Bank Unit Fund): A mutual fund managed by Alliance Capital Asset Management Limited
ALSUF (Alliance Sandhani Life Unit Fund)

Products and services

MTBUF (Mutual Trust Bank Unit Fund)

Companies that use Alliance Capital Management

Customer profile

Segments2 records

Ideal customer profiles2 records

Alliance Capital Management technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Alliance Capital Management partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

Bangladesh Capital Market EcosystemcoreOthers · 15 August 2022ACAML operates within the Bangladesh capital market ecosystem, partnering with Dhaka Stock Exchange (DSE), CDBL (Central Depository Bangladesh Limited), and various financial portals (AMARSTOCK, Stock Bangladesh, Financial Express) for market data, clearing, settlement, and investor access.

Scale indicators2 records

Recent moves5 records

Expansion highlights2 records

Alliance Capital Management competitors and assessment

Company assessment

Direct peers

PHP Asset Management Limited: BSEC-licensed asset manager operating mutual funds and discretionary mandates in Bangladesh. Competes with ACAML for retail unit fund subscriptions and institutional portfolio mandates within the same BSEC regulatory framework.
Vanguard AML (Bangladesh): BSEC-licensed Bangladesh asset manager operating unit funds and discretionary mandates. Competes directly with ACAML for retail investors on the Dhaka Stock Exchange and for institutional portfolio mandates.
Southeast Bank Capital Management: Bangladesh asset management arm of Southeast Bank offering unit funds and portfolio management. Comparable to ACAML's bank-affiliated fund (MTBUF partnered with Mutual Trust Bank) in institutional distribution and product structure.
LankaBangla Asset Management Limited: BSEC-licensed Bangladesh asset manager running unit funds and portfolio management services. Targets the same retail and institutional investor segments as ACAML through DSE-integrated distribution.
National Asset Management Limited: Bangladesh-based asset manager running BSEC-approved unit funds for retail and institutional investors. Directly comparable to ACAML on product type, regulatory license, and target customer base.
AIL Asset Management Limited (Asian Tiger): Bangladesh asset manager operating BSEC-licensed mutual funds serving retail and institutional clients. Comparable to ACAML in fund product structure and BSEC-licensed distribution model.
EBL Asset Management Limited: Bangladesh asset management arm of EBL Securities, managing multiple unit funds with DSE integration. Comparable to ACAML in fund structure, regulatory status, and Bangladesh-domestic retail/institutional distribution.
BRAC EPL Asset Management Limited: Bangladesh asset manager affiliated with BRAC, managing multiple mutual funds and discretionary portfolios. Directly competes with ACAML for BSEC recognition, retail unit fund investors, and institutional mandates within the Bangladesh market.
IDLC Asset Management Limited: One of Bangladesh's largest BSEC-licensed asset managers operating multiple mutual funds and discretionary mandates. Comparable to ACAML in regulatory framework, customer segments (retail and institutional), and product model (open-end unit funds), but at materially larger AUM scale.

Broad incumbents

BlackRock: Global asset management incumbent offering mutual funds, ETFs, and institutional mandates. While not a direct competitor in Bangladesh, it represents the broader asset management category in which ACAML competes for institutional investor mindshare and global best-practice benchmarks.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Alliance Capital Management financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Alliance Capital Management leadership team

Management profile

Number of profiles

Profiles2 records

Alliance Capital Management funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Alliance Capital Management M&A and investment

M&A and investment

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alliance Capital Management

What does Alliance Capital Management do?

Is Alliance Capital Management a public or private company?

Alliance Capital Management is a private company. It is classified as unknown and is currently operating.

When was Alliance Capital Management founded?

Alliance Capital Management was founded in 2009. It employs 11 to 50 people.

Where is Alliance Capital Management based?

Alliance Capital Management is headquartered in Dhaka, Bangladesh, in the Asia region.

How does Alliance Capital Management make money?

One revenue line is on record: asset Management Fees.

Who are Alliance Capital Management's main competitors?

Direct peers on record are PHP Asset Management Limited, Vanguard AML (Bangladesh), Southeast Bank Capital Management, LankaBangla Asset Management Limited, National Asset Management Limited, AIL Asset Management Limited (Asian Tiger), EBL Asset Management Limited, BRAC EPL Asset Management Limited and IDLC Asset Management Limited. BlackRock is listed as a broad incumbent.

Does Alliance Capital Management have an API?

No public API is recorded for Alliance Capital Management.

What industry is Alliance Capital Management in?

Alliance Capital Management's product category is Asset Management. Its primary akta.pro industry code is FSAEABAB, Broker-Dealer Affiliated Wealth Advisory, with a secondary code of BPAHADAB, Corporate Finance & Capital Advisory. Its NAICS code is 523940 and its SIC code is 6282.