CAPM BDBL Mutual Fund makes debut today [ STOCK & CORPORATE ] 12/01/2017
CAPM BDBL Mutual Fund makes debut today
Trading of the units of CAPM BDBL Mutual Fund 1 begins on Dhaka Stock Exchange and Chittagong Stock Exchange (CSE) today (Thursday) under 'A' category, officials said.

DSE company code for CAPM BDBL Mutual Fund 1 is "CAPMBDBLMF" and DSE trading code is 12199, while the CSE scrip ID is 21048 and scrip code is "CAPMBDBLMF".

The securities regulator, Bangladesh Securities and Exchange Commission (BSEC) approved the prospectus of the closed-end mutual fund on September 1, 2016.

The fund size is Tk 1.0 billion and the tenure of the fund is 10 years. The face value of the units of the mutual fund is Tk 10 each.

Of the total Tk 1.0 billion, Bangladesh Development Bank Ltd (BDBL) contributed Tk 100 million as the sponsor of the mutual fund and Tk 200 million collected through pre-IPO placement while rest of Tk 700 million was collected through initial public offering (IPO).

The fund has reported net asset value (NAV) of Tk 10.04 per unit on the basis of current market price and Tk 10.01 per unit on the basis of cost price against face value of Tk 10, on the close of operation on January 10, 2017.

The total net assets of the fund stood at Tk 503,407,724.53 on the basis of current market price and Tk 501,789,383.61 on the basis of cost price after considering all assets and liabilities of the fund.

Investment Corporation of Bangladesh (ICB) acted as trustee and custodian, while Capital and Asset Portfolio Management (CAPM) Company acted as asset manager of the fund.

A mutual fund is a professionally managed collective investment scheme that pools money from many investors and invests it in stocks, bonds and short-term money market instruments.

Presently, 35 closed-end mutual funds are listed on the Dhaka bourse.
 
 
Forward to Friend Print Close Add to Archive Personal Archive  
Forward to Friend Print Close Add to Archive Personal Archive  
Today's Other News
• Four banks among the top turnover chart
• BSEC approves IPO of Nahee Aluminium
• BBS Cables to make trading debut Monday
• Stocks slip into red on profit booking
More
Related Stories
News Source Link
            Top
            Top
 
Home / About Us / Benifits / Invite a Friend / Policy
Copyright © Hawker 2013-2012, Allright Reserved
free counters