Sandhani Asset Management Limited
Sandhani Asset Management Limited is a Dhaka-based, BSEC-licensed asset management firm and wholly-owned subsidiary of Sandhani Life Insurance Company Limited, managing two open-ended mutual funds (a fixed income fund and a Shariah-compliant equity fund) plus corporate advisory and separately managed account services for individual, institutional, and non-resident investors in Bangladesh.
- Company typePrivate
- Founded2021
- HeadquartersDhaka, Bangladesh
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Sandhani Asset Management Limited does
Sandhani Asset Management Limited (Sandhani AML) is a Bangladesh-based, privately held asset management firm incorporated in Dhaka in March 2021 and licensed by the Bangladesh Securities & Exchange Commission (BSEC) in August 2021. It is a wholly-owned subsidiary of Sandhani Life Insurance Company Limited (SLIC), established to expand the Sandhani Group's footprint into capital markets and mutual fund management. The company operates a deliberately small team of approximately 11 personnel organized around Managing Director & CEO Mir Ariful Islam (19+ years of capital market experience) and Chief Compliance & Investment Officer Md. Tanvir Islam (former IFC Associate Investment Officer, CFA Level II).
The company's product portfolio is concentrated in two open-ended mutual funds: the Sandhani AML SLIC Fixed Income Fund (BSEC-approved April 2022, public subscription opened July 2022, initial target BDT 50 crore, raised BDT 1,000 million as Bangladesh's first no-dividend open-end mutual fund, invested in government securities, investment-grade corporate bonds, and money market instruments) and the Sandhani AML SLFL Shariah Fund (public subscription opened February 2026, initial size BDT 25 crore, Shariah-compliant equity exposure). Beyond pooled funds, Sandhani AML offers Corporate Advisory services and Separately Managed Accounts, both positioned as bespoke or institutional solutions.
Distribution is multi-channel: a network of 14 BSEC-registered selling agents including Bluechip Securities, BRAC EPL Stock Brokerage, City Brokerage, UCB Stock Brokerage, Dhaka Bank Securities, and group entities SLIC and Sandhani Life Finance; direct sales through the Motijheel head office; and a self-service website publishing daily NAV, research notes, and investor forms. The business model is asset-management-fee-based recurring revenue on managed AUM, supplemented by non-recurring advisory and managed-account fees. There is no proprietary technology platform; operations are conducted through traditional manual fund administration with in-house research and back-office functions.
Sandhani Asset Management Limited firmographics
Firmographics- Name
- Sandhani Asset Management Limited
- Legal name
- Sandhani Asset Management Limited
- Website
- https://sandhaniaml.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Sandhani Asset Management Limited is a Dhaka-based, BSEC-licensed asset management firm and wholly-owned subsidiary of Sandhani Life Insurance Company Limited, managing two open-ended mutual funds (a fixed income fund and a Shariah-compliant equity fund) plus corporate advisory and separately managed account services for individual, institutional, and non-resident investors in Bangladesh.
- Ownership category
- akta.pro rank
Sandhani Asset Management Limited industry classification
Industry- Product category
- Asset Management
- NAICS
- Open-End Investment Funds (525910), Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Investment Management Advisory (RIA) (FSAEAAAB)
- akta.pro secondary industries
- Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC), Comprehensive/Full-Service RIAs & Independent Wealth Managers (FSAAACAA)
Keywords
Where Sandhani Asset Management Limited is headquartered
LocationHeadquarters
- HQ city
- Dhaka
- HQ country
- Bangladesh
- HQ region
- Asia
Offices1 record
Markets served
Sandhani Asset Management Limited business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Mutual Fund Management Fees: The company generates revenue through asset management fees charged on the funds under management. Sandhani AML manages two open-ended mutual funds: Sandhani AML SLIC Fixed Income Fund and Sandhani AML SLFL Shariah Fund.
- Corporate Advisory Services: Revenue generated from providing corporate advisory and structuring services to businesses, including insight into structuring options and stakeholder value enhancement.
- Separately Managed Accounts: Revenue from managing individual client accounts where Sandhani AML makes buy and sell decisions on behalf of clients based on their investment criteria and risk appetite.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Sandhani AML SLIC Fixed Income Fund - Open-ended fixed income fund with NAV-based pricing |
| Unit Pricing | Pay-as-you-go | Sandhani AML SLFL Shariah Fund - Shariah-compliant open-ended equity fund with NAV-based pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Sandhani Asset Management Limited product offering
Product offeringCore offering
Sandhani Asset Management Limited is a Bangladesh-based asset management firm that manages pooled investment vehicles (mutual funds) and provides discretionary portfolio management and corporate advisory services. It currently operates two open-ended mutual funds — the Sandhani AML SLIC Fixed Income Fund (focused on fixed income securities) and the Sandhani AML SLFL Shariah Fund (Shariah-compliant equity fund) — alongside separately managed accounts and corporate structuring advisory for businesses.
Product overview
Sandhani Asset Management Limited operates as an asset management firm offering a portfolio of investment products and advisory services. The core offerings include two mutual funds: the Sandhani AML SLIC Fixed Income Fund (a fixed income-focused fund) and the Sandhani AML SLFL Shariah Fund (a Shariah-compliant equity fund). Additionally, the company provides Corporate Advisory services for business structuring and Separately Managed Accounts for customized investment management. The firm is registered with BSEC and is a subsidiary of Sandhani Life Insurance Company Limited.
Differentiator
Problem solved
Functional benefit
Products and services
- Sandhani AML SLIC Fixed Income Fund An open-ended mutual fund focused on fixed income securities, predominantly government securities, investment-grade corporate bonds, and money market instruments. Designed for individual and institutional investors seeking capital preservation with modest returns.
- Sandhani AML SLFL Shariah Fund An open-ended Shariah-compliant equity fund with perpetual life and unlimited size. Invests in Shariah-compliant securities to generate superior risk-adjusted returns for unit holders seeking Islamic capital market investments.
- Corporate Advisory Services
Quantifiable outcome
- Successfully raised BDT 1,000 million for Bangladesh's first no-dividend open-end mutual fund
- +1 more outcomes
Companies that use Sandhani Asset Management Limited
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles4 records
Sandhani Asset Management Limited technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Sandhani Asset Management Limited partnerships and signals
Strategic signalPartnerships
20 partnerships are on record, tiered core and minor.
- Bluechip Securities Ltd.coreAuthorized selling agent for Sandhani AML mutual funds. Head Office at Modhumita Building (6th Floor), 158-160 Motijheel C/A, Dhaka.
- BRAC EPL Stock Brokerage Ltd.coreAuthorized selling agent with Head Office at Symphony, Plot-S.E (F)-9 (3rd Floor), Road 142, Gulshan-1, Dhaka-1212.
- City Brokerage Ltd.minorAuthorized selling agent at City Centre Unit# 12A, 12th Floor, 90/1 Motijheel C/A, Dhaka-1000.
- UCB Stock Brokerage Ltd.coreAuthorized selling agent. Head office at Bulus Center (17th Floor), Plot-CWS (A)1, Road 34, Gulshan Avenue, Dhaka-1212.
- Community Bank Investment Ltd.minorAuthorized selling agent. Head Office at Police Plaza Concord (Level-12 Tower 2), Plot 2, Road 144, Gulshan 1, Dhaka-1212.
- Dhaka Bank Securities Ltd.minorAuthorized selling agent at DSE Branch, 9/E Motijheel C/A, Ground Floor, Dhaka-1000.
- Mona FCS Ltd.minorMulti-branch selling agent with 7 locations including Dhaka, Chittagong. Head office at Room# 412, 413 & 417, DSE Building, 9/F, Motijheel C/A, Dhaka.
- Sandhani Life Finance Ltd.coreRelated entity and authorized selling agent. Head office at 16 Motijheel C/A (2nd Floor), Dhaka-1000.
- Sandhani Life Insurance Company Ltd.coreParent company and authorized selling agent. Head office at Sandhani Life Tower, Rajuk Plot no. 34, Bangla Motor, Dhaka-1000.
- BRAC Bank Limited (Custodian)coreCustodian bank for Sandhani AML SLIC Fixed Income Fund. Banking services through R K Mission Road Branch.
- Commercial Bank of Ceylon PLC (Custodian)coreCustodian for Sandhani AML SLFL Shariah Fund.
- Bangladesh General Insurance Company PLC (Trustee)coreTrustee for Sandhani AML SLFL Shariah Fund, providing independent governance and investor protection.
- Dhaka Bank PLCcoreAppointed banker for Sandhani AML SLFL Shariah Fund. Islamic Banking Branch, Motijheel, Dhaka.
- KHB Securities Ltd.minorAuthorized selling agent. Head Office at 90/1 City Centre (Level-12), Motijheel C/A, Dhaka-1000.
- Prime Finance Capital Management Ltd.minorAuthorized selling agent. Corporate Office at PFI Tower (7th Floor), 56-57 Dilkusha C/A, Dhaka-1000.
- UNICAP Investment Ltd.minorAuthorized selling agent. Corporate Office at Noor Tower 4th Floor, 73 Sonargaon Road, Dhaka-1205.
- UNITED Securities Ltd.minorAuthorized selling agent with offices at Gulshan Centre Point and Motijheel Branch.
- Vertex Stock & Securities Ltd.minorAuthorized selling agent. Corporate Office at City Centre (Level 14), 90/1, Motijheel C/A, Dhaka-1000.
- Hoda Vasi Chowdhury & CominorChartered Accountants serving as auditor for Sandhani AML SLFL Shariah Fund.
- S. F. Ahmed & CominorChartered Accountants serving as auditor for Sandhani AML SLIC Fixed Income Fund.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
Sandhani Asset Management Limited competitors and assessment
Company assessmentDirect peers
- IDLC Asset Management Limited: Asset management arm of IDLC Finance, one of Bangladesh's leading non-bank financial institutions. Manages a diversified mutual fund lineup including fixed income and equity schemes, competing for the same institutional and retail capital.
- Trust Bank Asset Management Limited: Asset management subsidiary of Trust Bank in Bangladesh, managing multiple mutual fund schemes. Directly comparable bank-affiliated competitor with similar fund categories and distribution strategy.
- AIMS Asset Management Limited: Bangladesh-focused asset manager with notable Shariah-compliant and balanced fund offerings. Particularly comparable to Sandhani AML given the overlapping Islamic-finance investor base and similar mid-scale positioning.
- LankaBangla Asset Management Company Limited: Affiliate of LankaBangla Securities, one of Bangladesh's leading brokerages. Comparable product mix including equity and fixed-income mutual funds, with similar distribution leverage through parent brokerage.
- VIPB Asset Management Company Limited: One of the larger Bangladesh-based asset managers offering multiple open-ended and closed-ended mutual funds across equity, fixed income, and Shariah-compliant categories. Directly comparable given overlapping product suite and target investor segments.
- EBL Asset Management Limited: East Bank's asset management subsidiary operating several open-ended mutual funds in Bangladesh. Comparable as a bank-affiliated mid-sized asset manager with similar product categories and institutional clientele.
- Prime Finance Asset Management Company Limited: Bangladesh-based asset management company managing multiple mutual funds including fixed income and equity schemes. Direct peer given similar product mix and scale; notably Sandhani AML's CEO Mir Ariful Islam previously headed research and fund management here.
Emerging players
- Alliance Asset Management Limited: Smaller Bangladesh-based asset manager with overlapping product offerings in mutual funds. Comparable as an emerging competitor of similar scale navigating the same regulatory and distribution environment.
- Shanta Asset Management Limited: Bangladesh-based asset management firm with selective fund offerings. Comparable as an emerging niche player pursuing similar retail and institutional segments with comparable scale constraints.
Broad incumbents
- BRAC EPL Stock Brokerage Limited: One of Bangladesh's largest brokerages with adjacent asset management capability. Comparable as both a major selling agent channel partner and a broader financial services incumbent operating in mutual fund distribution.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Sandhani Asset Management Limited social profiles
Digital presenceSandhani Asset Management Limited financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sandhani Asset Management Limited leadership team
Management profileNumber of profiles
Profiles12 records
Sandhani Asset Management Limited funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sandhani Asset Management Limited M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sandhani Asset Management Limited
What does Sandhani Asset Management Limited do?
Sandhani Asset Management Limited is a Bangladesh-based asset management firm that manages pooled investment vehicles (mutual funds) and provides discretionary portfolio management and corporate advisory services. It currently operates two open-ended mutual funds — the Sandhani AML SLIC Fixed Income Fund (focused on fixed income securities) and the Sandhani AML SLFL Shariah Fund (Shariah-compliant equity fund) — alongside separately managed accounts and corporate structuring advisory for businesses.
Is Sandhani Asset Management Limited a public or private company?
Sandhani Asset Management Limited is a private company. It is classified as corporate owned and is currently operating.
When was Sandhani Asset Management Limited founded?
Sandhani Asset Management Limited was founded in 2021. It employs 11 to 50 people.
Where is Sandhani Asset Management Limited based?
Sandhani Asset Management Limited is headquartered in Dhaka, Bangladesh, in the Asia region.
How does Sandhani Asset Management Limited make money?
Three revenue lines are on record. Mutual Fund Management Fees are the primary driver. The others are corporate Advisory Services and separately Managed Accounts.
Who are Sandhani Asset Management Limited's main competitors?
Direct peers on record are IDLC Asset Management Limited, Trust Bank Asset Management Limited, AIMS Asset Management Limited, LankaBangla Asset Management Company Limited, VIPB Asset Management Company Limited, EBL Asset Management Limited and Prime Finance Asset Management Company Limited. Emerging players are Alliance Asset Management Limited and Shanta Asset Management Limited. BRAC EPL Stock Brokerage Limited is listed as a broad incumbent.
Does Sandhani Asset Management Limited have an API?
No public API is recorded for Sandhani Asset Management Limited.
What industry is Sandhani Asset Management Limited in?
Sandhani Asset Management Limited's product category is Asset Management. Its primary akta.pro industry code is FSAEAAAB, Investment Management Advisory (RIA), with a secondary code of FSAAACAC, Portfolio Management–Led RIAs (Discretionary/Model-Based). Its NAICS code is 525910 and its SIC code is 6282.