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Investit Asset Management Limited (IAML) has announced the launch of its inaugural open-end mutual fund, the 'Investit Growth Fund', following the signing of a trust deed on Monday (September 2). The signing ceremony took place at IAML’s office in Dhanmondi, Dhaka.
The new fund aims to deliver superior risk-adjusted returns through a strategic focus on growth stocks. Investit Asset Management Limited (IAML) will act as both the sponsor and asset manager for the fund, while Sandhani Life Insurance will serve as the Trustee and BRAC Bank PLC will act as the Custodian.
Key figures at the signing ceremony included Mr Mohammad Emran Hasan, Managing Director and CEO of IAML; Mr Nemai Kumar Saha, CEO of Sandhani Life Insurance; and Mr Md Mizanur Rahman, Company Secretary of Sandhani Life Insurance Company.
The Investit Growth Fund has an initial size of BDT 250 million, with BDT 25 million contributed by the sponsor and the remaining BDT 225 million raised from individual and institutional investors. The fund’s size can be expanded in the future with the Trustee’s approval.
Mr Mohammad Emran Hasan stated, "This is my sixth fund launch, but the first for Investit Asset Management. We aim to establish this as a flagship fund for our company, as it represents a new chapter in our growth. We're dedicated to providing our investors with exceptional risk-adjusted returns, guided by principles of integrity and rigorous research.”