& çâÌæÚUæð´ ·¤è ¥ôÚU Îð¹Ùæ ÁæÚUè ÚU¹ð´ ¥ÍæüÌ ¥ÂÙð ÜÿØ ÂÚU ŠØæÙ ÚU¹ð´Ð ãæÚU Ù ×æÙð´, €UØô´ç·¤ ·¤æ× ·¤ÚUÙð âð ¥æÂ·¤ô ©gðàØ ·¤è Âýæç# ãôÌè ãñ ¥õÚU ÁèßÙ ·¤æ ¹æÜèÂÙ ÎêÚU ãôÌæ ãñÐ ÖÜð ãè ÁèßÙ ×ð´ ç·¤ÌÙè Öè ·¤çÆÙæ§ü €UØô´ Ù ¥æ°, çÁ™ææâæ ¥õÚU ©ˆâæã ÕÙæ° ÚU¹ð´Ð ŠØæÙ ÚU¹ð´, ÜÿØ ã×ðàææ ¥æÂ·Ô¤ Âæâ ãôÌð ãñ´ çÁ‹ãð´ ÂæÙð ·Ô¤ çÜ° ÂýØæâ ¥æÂ ·¤Öè Öè àæéM¤ ·¤ÚU â·¤Ìð ãñ´Ð

AIMS First receives inspiring response in primary market

Fund gets 8.5 times oversubscribed

By M Shamsur Rahman
The first-ever private mu-tual fund of the country has received overwhelming response in the primary market, despite the prevailing depression in the secondary market.
Against an initial public offering (IPO) of Tk one crore. AIMS First Mutual Fund was 8.5 times oversubscribed.
It also received applications for Tk 21 lakh against a reserved quota of Tk 10 lakh from the non-resident Bangladeshis.
The fund garnered Tk 1.36 crore through South East Bank, Tk 90 lakh through City Bank, Tk 79 lakh through ICB, Tk 1.17 crore through AB Bank. Tk 1.32 through Prime Bank. Tk 57 lakh through UCBL and Tk 70 lakh through National Credit and Commerce Bank Ltd.
Fund sources said that there has also been significant response from the Institutional investors like BSB. BSRS. ICB, banks and different Insurance companies.
The capital market analysts say that such over-subscription reflects positive Investor faith In the mutual fund and proves
that there Is no liquidity crisis in the market.
The private mutual fund started public offering on March 5 and It continued till March 16. AIMS Bangladesh is acting as the fund manager.
The size of the mutual fund Is Tk five crore. Of the total amount. Tk two crore has been raised from the sponsors. Tk two crore through private placement while the rest Tk one crore will be raised from the market.
The fund will be liquidated on its maturity after five years. However, the shareholders may decide on the extension of the fund’s tenure at its annual general meeting (AGM).
AIMS First will be guaranteed by the fund manager, meaning that the Investors are assured of,getting their money back, at least Ln the form of the face value, on its maturity or redemption.
The face value of each unit of the fund will be Tk one. with 2.500 units making a market lot.
Unlike the traditional mu-
tual funds in Bangladesh. AIMS First Guaranteed Mutual Fund will be Invested In both equity and fixed income securities.
The sponsors of the fund are: IPDC. Sandhani Life Insurance. Pangea Partners. IDLC. Southeast Bank Ltd, Uttara Finance Limited, Sandhani Credit Cooperative Society Ltd and Bangladesh Industrial Finance Company Ltd.
The trustee of the fund is Bangladesh General Insurance Company Ltd while Standard Chartered Bank will provide the custodian services.