LRGB Unit Fund okayed
FE Report |
February 26, 2014 00:00:00
The securities regulator has approved the prospectus of the open-end mutual fund--LRGB Unit Fund (LUF), officials said.
The approval came Tuesday at a commission meeting held at the office of the BSEC.
As per the BSEC approval, the initial size of the LUF is of Tk 100 million and the offer price of the units is of Tk 10 each.
Of Tk 100 million, Tk 10 million will be collected from the sponsors and the remaining Tk 90 million will be collected from all kinds of investors.
