2024-06-28 02:56:51
97 p.c of mutual fund property managed by Bangladesh Rais Asset Administration are within the custody of ICB and BRAC Financial institution. On this case, the asset administration firm claimed that each one the shares of listed and unlisted corporations of the funds are protected.
Rais Asset Administration knowledgeable this info in view of the order issued by the Bangladesh Securities and Change Fee (BSEC) dated 24 June. A letter on this regard was reportedly despatched to BSEC on Wednesday (June 25).
Custodian DP Account, Brokerage Buying and selling Account, Brokerage Buying and selling (Mother or father) Account, Brokerage Buying and selling (Hyperlink) Account, Brokerage Suspense Account and Brokerage Fractional Account are used to conduct all operations of mutual funds with transparency and safety, the letter mentioned. Every day transactions, administration and share settlement of CDBL are accomplished by means of it.
All of the property of Rais Asset Administration managed funds are within the custody of ICB and BRAC Financial institution and are straight supervised by mutual fund trustees to make sure the security of those property. At present all of the listed shares of the funds are held within the custodian DP account as per the mutual fund’s belief deed and custodian settlement. Rais has submitted DPA-6 report back to the Fee as on Could 31 final as proof of asset security of the funds it manages.
Rais officers are claiming that some vested pursuits are spreading rumors about Rais administration available in the market primarily based on mistaken info. These false campaigns are tarnishing the popularity earned during the last 15 years and destroying the boldness of the mutual fund business. Nevertheless, the Fee has submitted all of the proof and data of the fund managed by Reis, which confirms 100% of all property managed by Reis.
It must be famous that within the final 5 years (2018 to 2023) traders have been paid dividends of Tk 683 crore 43 lakh in all of the funds managed by Rais Asset Administration.