Home ›› 02 Jun 2022 ›› Stock
The Bangladesh Securities and Exchange Commission (BSEC) has approved the draft prospectus of Sandhani Fixed Income Fund, an open-end mutual fund.
The sponsor will provide Tk10 crore and rest of Taka will be collected by selling units of the mutual fund to the investors at a face value of Tk10 each.
The securities regulator has given the approval on Wednesday at the 825th commission meeting, said a press release.
Open-end mutual funds have no mandatory endpoint, and according to the current regulations, their units are not listed with the stock exchanges.
The Bangladesh General Insurance Company Ltd is the trustee and the Brac Bank is the custodian of the fund while Sandhani Asset Management Ltd is the sponsor and asset manager.
