Home ›› 15 May 2023 ›› Stock
Capitech Asset Management Limited, as an asset manager, is set to introduce a Tk 200 crore mutual fund styled ‘Capitec Grameen Bank Growth Fund’.
To this end, the sponsor of the close-end mutual fund Grameen Bank, and its trustee Investment Corporation of Bangladesh (ICB), signed an agreement at the Grameen Bank headquarters in the capital on Sunday.
Meanwhile, Grameen Bank also inked an investment management agreement with Capitec Asset Management the same day, said a media statement.
The aim of the mutual fund is to generate risk-adjusted return in the forms of capital appreciation and dividend income, and to provide attractive dividend payouts to its beneficiaries by investing the fund in authorised financial instruments of the capital and money markets.
Chairman of Capitec Asset Management Ltd, Hasan Rahman; its Managing Director, M Mahfuzur Rahman; and Chief Operating Officer, Sumit Paul were present at the agreement signing ceremony.
Besides, on behalf of Grameen Bank, its Chairman, Prof AKM Saiful Majid; Acting Managing Director, Md Mosleh Uddin, among others attended the ceremony.
