ICML launches three new investment products

FE Team | Published: June 07, 2024 00:32:47

ICB Capital Manage-ment Limited (ICML) has launched three new investment products -- 'TIP Sanchita' for women, 'TIP Swadesh' for non-resident Bangladeshis, and 'TIP Sankalpa' for students.
The ICML introduced these TIP (Term Investment Plan) products in a significant step towards expanding its mass-oriented merchant banking services.
The launching ceremony was held at the ICML Head Office at Kakrail in Dhaka on Thursday, with Sheikh Shamsuddin Ahmed, Commissioner of the Bangladesh Securities and Exchange Commi-ssion, as the chief guest, says a press release.
Chairman of the Board of Directors of ICB Dr. Suborna Barua, Additional Secretary of Financial Institutions Division Amal Krishna Mandal and Mofiz Uddin Ahmed, and Managing Director of ICB and Chairman of ICML Md Abul Hossain were present as the chief guest.
Mazeda Khatun, Chief Executive Officer of ICML, presided over the inaugural ceremony.
TIP Sanchita, TIP Swadesh and TIP Sankalpa are designed to be managed under discretionary investment accounts with flexible deposit options including monthly, quarterly, annual or one-time fixed amounts over periods of 3, 4, or 5 years.
These products feature tailored benefits considering the socio-economic contexts of women, NRBs and students. ICML remains committed to offering innovative investment solutions to meet the diverse needs of its clientele, fostering financial inclusivity and empowerment.