What Ekush Wealth Management does

Ekush Wealth Management Limited is a Dhaka-based, BSEC-licensed Asset Management Company (license BSEC/AMC/2019/44, granted November 2019) that manages three open-end mutual funds and provides Separately Managed Accounts (SMAs) to retail and institutional investors in Bangladesh. Its product slate comprises the Ekush First Unit Fund (balanced, dynamic asset allocation), Ekush Growth Fund (equity-oriented, top-down macro), and Ekush Stable Return Fund (fixed-income, active duration management), each distributed under a no-load structure. Aggregate AUM reached BDT 1 billion (~USD 8–9 million) by November 2025 across roughly 750 investor accounts, with cumulative since-inception returns materially outperforming their respective DSEX and FDR benchmarks. The firm also offers Systematic Investment Plans (SIPs) starting at BDT 1,000/month for individuals and BDT 10,000/month for institutions, and provides online investment and tax calculators under the Finance Act 2026 framework.

The company operates a direct-to-consumer go-to-market model: distribution runs through a proprietary investor portal (portal.ekushwml.com), WhatsApp-based client servicing, and direct enterprise engagement for SMAs. BRAC Bank Limited serves as custodian for the mutual funds and Sandhani Life Insurance Company Limited serves as trustee, providing third-party asset oversight. Revenue is generated primarily through percentage-of-AUM management fees on the three mutual funds plus management fees (0.5%–2% of AUM) and optional performance fees (~10% above benchmark, subject to a high water mark) on SMAs. The firm is management-owned rather than institutionally backed, with leadership comprising three FCA fellows and three CFA Charterholders collectively holding 100+ years of financial sector experience, including prior executive roles at IL Capital, Modhumoti Bank, and Community Bank Investment.

Name

Ekush Wealth Management

Legal name

Ekush Wealth Management Limited

Website

https://ekushwml.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Ekush Wealth Management is a BSEC-licensed Bangladesh Asset Management Company that manages three open-end mutual funds and Separately Managed Accounts for roughly 750 retail and institutional investors, with BDT 1 billion in AUM and market-beating track records since founding in 2019.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Open-End Investment Funds (525910), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

akta.pro secondary industry

Managed Accounts & Model Portfolios (SMA/UMA) (FSAAAAAG)

Keywords

• Asset management services
• Mutual fund management
• Wealth management services
• Portfolio management services
• Investment advisory services

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Mutual Fund Management Fees: Ekush earns management fees from its three open-end mutual funds (Ekush First Unit Fund, Ekush Growth Fund, Ekush Stable Return Fund). The company claims to charge the lowest management and formation fees in the industry, directly benefiting unitholders.
2. Separately Managed Account (SMA) Fees: SMAs generate two revenue streams: (1) Management Fee — a percentage of AUM, typically ranging from 0.5% to 2% annually; (2) Optional Performance Fee — a percentage (e.g., 10%) of excess returns above a specified benchmark, subject to a high water mark provision.
3. SIP Facilitation Fees: Systematic Investment Plans (SIPs) allow clients to invest from BDT 1,000/month (individuals) or BDT 10,000/month (institutions) into managed funds, generating recurring fee income on accumulated AUM.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Ekush Wealth Management Limited is a BSEC-licensed Asset Management Company that manages three open-end mutual funds — Ekush First Unit Fund (balanced, dynamic asset allocation), Ekush Growth Fund (equity-oriented, macro-driven), and Ekush Stable Return Fund (fixed-income) — and provides Separately Managed Accounts (SMAs) and Systematic Investment Plans (SIPs) for retail and institutional investors in Bangladesh. The firm charges no entry or exit loads and claims the industry's lowest management and formation fees, distributing products through its investor portal, WhatsApp, and direct engagement.

Product overview

Ekush Wealth Management Limited is a BSEC-licensed Asset Management Company (AMC) offering a portfolio of three open-end mutual funds and Separately Managed Accounts (SMA) for institutional clients. The core product suite comprises Ekush First Unit Fund (a balanced equity/fixed-income fund), Ekush Growth Fund (an equity-oriented growth fund), and Ekush Stable Return Fund (a fixed-income fund), all available through a no-load structure with the industry's lowest management fees. Additional services include a Systematic Investment Plan (SIP) allowing monthly contributions from BDT 1,000, an Investment Calculator, a Tax Calculator, and an Investor's Corner educational hub. The three mutual funds are collectively overseen by BRAC Bank Limited as custodian and Sandhani Life Insurance Company Limited as trustee.

Differentiator

Problem solved

Functional benefit

Products and services

• Ekush First Unit Fund (EFUF) An open-end, balanced mutual fund managed by Ekush Wealth Management, holding a diversified portfolio of equity and debt securities with dynamic asset allocation. The fund emphasizes value investing, targeting companies trading below intrinsic worth with strong fundamentals, and adjusts equity/fixed-income/cash positions based on market conditions.
• Ekush Growth Fund (EGF) An open-end, equity-oriented mutual fund managed by Ekush Wealth Management, targeting long-term capital appreciation through a top-down macroeconomic investment approach. The fund takes bold growth-focused positions across asset classes and sectors, shifting toward fixed income defensively when market conditions warrant.
• Ekush Stable Return Fund (ESRF) An open-end, fixed-income mutual fund managed by Ekush Wealth Management, investing exclusively in fixed-income securities and IPOs. Designed as a tax-efficient alternative to fixed deposits and DPS, it aims to preserve capital while generating steady returns through high-quality debt instruments.
• Separately Managed Accounts (SMA) Personalized investment management services for institutional clients, offering customized portfolios of stocks, bonds, and other securities tailored to the investor's specific goals and preferences. Features adaptable fee arrangements including management fees (0.5%-2% annually of AUM) and optional performance fees, with a high water mark provision.
• Systematic Investment Plan (SIP)

Quantifiable outcome

• Ekush First Unit Fund: +133.84% cumulative return since inception (March 2020) vs DSEX benchmark of +39.72%
• +2 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• BRAC Bank LimitedcoreOthers · 20 November 2019BRAC Bank serves as both the Custodian and Trustee for Ekush's mutual funds (Ekush First Unit Fund, Ekush Growth Fund, Ekush Stable Return Fund). As Custodian, BRAC Bank is responsible for safeguarding investor assets. As Trustee, it provides independent oversight of fund operations on behalf of unitholders.
• Sandhani Life Insurance Company LimitedcoreOthers · 20 November 2019Sandhani Life Insurance Company Limited serves as the Trustee for Ekush's mutual funds, providing independent governance and investor protection oversight for all three funds.

Scale indicators9 records

Recent moves15 records

Expansion highlights5 records

Direct peers

• LankaBangla Investments: Bangladesh-based investment firm offering asset management and brokerage services, listed both as an Ekush peer and as an Ekush enterprise client. Overlapping product mix in discretionary portfolio management and mutual fund distribution.
• IDLC Investments Limited: IDLC Group's investment arm offering asset management, mutual funds, and discretionary portfolio management in Bangladesh. Competes with Ekush for institutional treasury mandates and retail mutual fund investors with a similar AUM-fee revenue model.
• Shanta Asset Management: Bangladesh-licensed AMC operating mutual fund products across asset classes. Directly comparable BSEC-licensed AMC peer with overlapping product categories and target investor segments.
• LR Global Bangladesh: Bangladesh-based AMC managing a multi-fund open-end mutual fund lineup across equity, balanced, and fixed-income strategies. Directly comparable mutual fund product range, fee model, and retail/institutional segmentation to Ekush.
• ICB Asset Management Company: Government-affiliated AMC and one of the largest mutual fund managers in Bangladesh, offering open-end and closed-end mutual funds. Directly competes with Ekush across retail and institutional fund mandates, and is itself listed as one of Ekush's enterprise clients, indicating overlap in both competitive and customer dimensions.
• PHP Asset Management: Bangladesh AMC managing open-end mutual funds including equity, balanced, and money-market funds. Similar fee structure, BSEC-regulated AMC license, and product mix targeting retail and institutional investors.
• BRAC EPL Investments: BRAC-affiliated investment firm offering asset management and brokerage services in Bangladesh, including mutual funds and SMAs. Comparable to Ekush in offering open-end funds and discretionary portfolio management to retail and institutional clients.
• CAPM (Capital & Asset Portfolio Management): Bangladesh-licensed AMC managing open-end mutual funds and discretionary portfolios. Direct BSEC-regulated peer competing for retail SIP and institutional SMA mandates in the same Dhaka market.
• EBL Asset Management: Eastern Bank-affiliated AMC in Bangladesh managing open-end and closed-end mutual funds. Directly comparable mutual fund product suite, similar fee-based revenue model, and similar target segments of retail and institutional investors.
• Alliance Asset Management: Bangladesh AMC managing open-end and closed-end mutual funds for retail and institutional investors. Direct competitor in the BSEC-licensed open-end mutual fund space with comparable product positioning and fee-based revenue model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC0fw_pbgQjWy1ZlrvEd5EaA

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Ekush Wealth Management