News Briefs (2022-05-07)

CAPM declares
Unit Fund NAV
CAPM Company Limited has declared the Net Asset Value (NAV) of CAPM Unit Fund. The total NAV of CAPM Unit Fund stood at Tk 87,535,253.53 on the basis of cost price and 101,934,583.99 on the basis of market price at the close of the operations on May 5. The NAV per unit at cost price and market price of the fund are Tk 113.21 and Tk 131.84 respectively against the face value of Tk 100 per unit. Per unit subscription and surrender prices of the CAPM Unit Fund have been re-fixed at Tk 131.84 and Tk 131.44 respectively. The prices will remain valid from May 08 until announcement of the next NAV. — Statement

NAV of BDBL
Mutual Fund 01
CAPM Company Limited has declared the Net Asset Value (NAV) of CAPM BDBL Mutual Fund 01. The total NAV of CAPM BDBL Mutual Fund 01 stood at Tk 549,923,651.72 on the basis of cost price and Tk 638,467,167.18 on the basis of market price at the close of the operations on May 05. The NAV per unit at cost price and market price of the fund are Tk 10.97 and Tk 12.74 respectively against the face value of Tk 10 per unit. — Statement

NAV of IBBL
Islamic MF
CAPM Company Limited has declared the Net Asset Value (NAV) of CAPM IBBL Islamic Mutual Fund. The total NAV of CAPM IBBL Islamic Mutual Fund stood at Tk 714,412,320.64 on the basis of cost price and Tk 840,316,109.31 on the basis of market price at the close of the operations on May 5. The NAV per unit at cost price and market price of the fund are Tk 10.69 and Tk and 12.57 respectively against the face value of Tk 10 per unit. — Statement

India's Axis Asset
Management
suspends two
fund managers
MUMBAI, May 6: India's Axis Asset Management said on Friday it has suspended two mutual fund managers as part of an investigation into potential irregularities. Axis did not elaborate on the irregularities, but said it had initiated the investigation in February and had appointed external advisers to assist. "We take compliance with applicable legal/regulatory requirements seriously, and have zero tolerance towards any instance of non-compliance," the statement stated. Markets regulator, the Securities and Exchange Board of India (SEBI), was examining whether fund managers at Axis had engaged in "front-running", an illegal practice of trading in a security with insider knowledge of an upcoming transaction that could affect its price, local media reported.— Reuters