50 MFs await SEC nod to go public

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A total of 50 mutual funds (MFs) with a grand size of Tk 59.35 billion (5,935 crore) are waiting for the Securities and Exchange Commission (SEC) nod to go public, the SEC officials said. However, the SEC said it would approve the mutual funds, whose prospectuses have already been submitted, one by one. The SEC officials said, among the mutual funds, the highest size is Tk 3.50 billion and the lowest size is Tk 0.5 billion. They also said the IPOs (initial public offering) of four mutual founds - 3rd NRB first Mutual Fund, Janata Bank First Mutual Fund, IDLC Mutual Fund: Scheme One, and Islamic Finance and Investment Limited Mutual Fund - are likely to get approval soon.
— FE Report