Dhaka, Bangladesh (BBN)– The initial subscription period of MTB Unit Fund will end on Sunday.
Investors may buy the units of the fund at the face value of BDT 10 per unit until 30 September 2012. After the initial subscription period the units will be traded at NAV related prices.
MTB Unit Fund is an open-ended fund with an initial size of BDT 1.0 billion. Mutual Trust Bank Limited has provided BDT 200 million as the sponsor of the fund. Bangladesh General Insurance Company Limited is the trustee and BRAC Bank Limited is the custodian of the fund. Alliance Capital Asset Management Limited is the asset manager of the fund.
MTB Unit fund is the first open-ended fund with certificates in dematerialized form. Someone without having a BO account can also purchase the units of the fund.
MTB Unit Fund is managed by a team of professionals and comes to the market at a time when the DSE market P/E ratio is comparatively low. Investors can take the opportunity to be a part of a diversified portfolio by investing in the fund.
As an open-ended fund, MTB Unit Fund is not going to be listed on the stock exchanges. Units of the fund are being sold from 120 sales centres of 23 sales agents across the country. These sales centres make it easy for the investors to buy, sell or transfer their units without any hassle.
BBN/SSR/AD-29Sept12-2:55 am (BST)
