2024-09-14 01:40:36
Published: 10:21, 12 September 2024
It has been decided to complete the proposal of RBIMCO BGFI Fund submitted by Bangladesh General Insurance Company Plc as per the rules.
This decision was taken in the 920th commission meeting held under the chairmanship of BSEC Chairman Khandkar Rashid Maqsood. This information was informed through a press release signed by BSEC Director and Spokesperson Farhana Farooqui on Wednesday (September 11).
As mentioned in the notification, the decision has been taken to complete the proposal of RBIMCO BGFI Fund as winding up payments as per the rules.
Note that the initial target of the fund is Tk 10 crore. Out of which Royal Bengal Investment Management Company Limited will provide 1 crore rupees as an entrepreneur and the remaining 9 crore rupees will be open for general investors.
The price per unit of the fund is Rs. Bengal Investmate Management Company Limited is the asset manager of the fund and Bangladesh General Assurance Company Limited is the trustee and BRAC Bank Limited is acting as the custodian.
Earlier, the regulatory body’s 770th Commission meeting held on April 15, 2021 approved the draft prospectus of ‘RBIMCO BGFI Fund’.
Dhaka/NT/NH