Trading of DBH First Mutual Fund starts today
Sunday, 7 February 2010
FE Report
Trading of the DBH First Mutual Fund unit is going to be started from today (Sunday) on both the stock exchanges of the country.
It will be the 22nd mutual fund in 3the country's growing stock market.
DBH, the leading home loan provider financial institution sponsored the DBH First Mutual Fund to extend its role to the capital market of the country.
IPO of DBH First Mutual Fund was oversubscribed by about 13 times. A total of Tk 5.30 billion was deposited against Tk 400 million public subscription which was the largest ever subscription for a mutual fund public offering in Bangladesh.
LR Global Bangladesh Ltd. is the Asset Manager of DBH First Mutual Fund.
Bangladesh General Insurance Co. Ltd (BGIC) is the Trustee of the DBH First Mutual Fund and Standard Chartered Bank is the Custodian of the Fund.
Two mutual funds-- Prime Bank First ICB AMCL Mutual Fund and Trust Bank 1st Mutual Fund-made their debut recently on the bourses.
Trust Bank 1st Mutual Fund having total size of Tk 2.0 billion is the largest mutual fund.
Trading of the DBH First Mutual Fund unit is going to be started from today (Sunday) on both the stock exchanges of the country.
It will be the 22nd mutual fund in 3the country's growing stock market.
DBH, the leading home loan provider financial institution sponsored the DBH First Mutual Fund to extend its role to the capital market of the country.
IPO of DBH First Mutual Fund was oversubscribed by about 13 times. A total of Tk 5.30 billion was deposited against Tk 400 million public subscription which was the largest ever subscription for a mutual fund public offering in Bangladesh.
LR Global Bangladesh Ltd. is the Asset Manager of DBH First Mutual Fund.
Bangladesh General Insurance Co. Ltd (BGIC) is the Trustee of the DBH First Mutual Fund and Standard Chartered Bank is the Custodian of the Fund.
Two mutual funds-- Prime Bank First ICB AMCL Mutual Fund and Trust Bank 1st Mutual Fund-made their debut recently on the bourses.
Trust Bank 1st Mutual Fund having total size of Tk 2.0 billion is the largest mutual fund.