The fund’s initial size is Tk25 crore which may be increased in the future subject to trustee approval Investit Asset Management has announced the launch of a new mutual fund focused on delivering superior risk-adjusted returns through investments in growth stocks.
According to a statement issued by the company, the fund’s initial size is Tk25 crore, with Investit Asset Management, as the sponsor, contributing Tk2.5 crore. The remaining Tk22.5 crore will be sourced from individual and institutional investors.
It said the fund size may be increased in the future subject to trustee approval.
The subscription period will start on 1 January, 2025. Units will be offered at a face value of Tk10.
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Investit Asset Management will serve as both the sponsor and asset manager. Sandhani Life Insurance will act as the trustee, and BRAC Bank will serve as the custodian.
The minimum investment amount is Tk5,000 for individual investors and Tk50,000 for institutional investors.
“Our fund is dedicated to maximizing long-term wealth for our valued investors through strategic investments in rigorously researched, high-quality growth stocks,” Investit Asset Management Managing Director and CEO Mohammad Emran Hasan said in the statement.
“We view current market conditions as an opportunity to construct well-diversified portfolios,” he added.
Rigorous research, commitment to integrity and a client-focused approach should be the foundation of fund success, he said, adding, the asset manager has demonstrated its confidence in the fund by investing our own capital as a sponsor.