ICB AMCL CMSF mutual fund open to subscription

Capital Market Stabilisation Fund (CMSF) and ICB Asset Management Company Ltd (IAMCL) jointly floated a closed-end mutual fund namely "ICB AMCL CMSF Golden Jubilee Mutual Fund" on Wednesday commemorating the Golden Jubilee of Bangladesh's independence.

The size of the fund is Tk 100 crore and the face value per unit is Tk 10. Public subscription of the fund will remain open for eight days, spanning from August 17 to August 24 this year, a press release said.

The IAMCL is acting as the asset manager and the Bangladesh General Insurance Company Ltd (BGIC) as trustee whereas Brac Bank is acting as custodian of the fund.

ICB Securities and Trading Company Ltd (ISTCL) Khulna branch orgainsed a road show for the public subscription of the fund on its office premises in Khulna.

ATM Ahmedur Rahman, chief executive officer of the IAMCL, Sachindra Nath Bagchi, senior officer, Md Saiful Islam, assistant general manager of ICB Khulna branch, and Tofayel Ahmed, principal officer of ICB Securities and Trading Company Ltd (ISTCL) Khulna branch, were present.