The IPO subscription of DBH First Mutual Fund worth Tk 1.20 billion begins December 13.
The subscription period for Resident Bangladeshis ends December 20 while Non-Resident Bangladeshis will be allowed to deposit the money till December 29. The fund is offering Tk. 320 million for Resident Bangladeshis general public subscription, Tk 40 million for NRBs and Tk. 40 million reserved for Mutual Funds.
DBH has decided to sponsor the mutual fund due to its ongoing commitment and active participation in product innovation as well as development and institutionalization of the capital markets.
Delta Brac Housing Finance Corporation Limited (DBH), the sponsor of the fund, is AAA rated and the largest specialized Housing Finance Institution in the private sector of Bangladesh.
DBH's funds under management presently are in excess of Tk.25.60 billion.
"DBH has an impressive track record in pioneering financial products and services and has discerningly identified the investment merits and upside potential of launching its first mutual fund," the company said.
LR Global Bangladesh AMC is the Asset Manager of the fund. LR Global has a long history of deep and extensive experience in investments in frontier countries including Bangladesh. LR Global was incubated within Rockefeller & Co. LR Global Partners was founded in June 1997 by the LR Global partners Leon Levy, Jack Nash and the Rockefeller family. 'L' in LR stands for Logan the founding partner and 'R' for Rockefeller.
The subscription period for Resident Bangladeshis ends December 20 while Non-Resident Bangladeshis will be allowed to deposit the money till December 29. The fund is offering Tk. 320 million for Resident Bangladeshis general public subscription, Tk 40 million for NRBs and Tk. 40 million reserved for Mutual Funds.
DBH has decided to sponsor the mutual fund due to its ongoing commitment and active participation in product innovation as well as development and institutionalization of the capital markets.
Delta Brac Housing Finance Corporation Limited (DBH), the sponsor of the fund, is AAA rated and the largest specialized Housing Finance Institution in the private sector of Bangladesh.
DBH's funds under management presently are in excess of Tk.25.60 billion.
"DBH has an impressive track record in pioneering financial products and services and has discerningly identified the investment merits and upside potential of launching its first mutual fund," the company said.
LR Global Bangladesh AMC is the Asset Manager of the fund. LR Global has a long history of deep and extensive experience in investments in frontier countries including Bangladesh. LR Global was incubated within Rockefeller & Co. LR Global Partners was founded in June 1997 by the LR Global partners Leon Levy, Jack Nash and the Rockefeller family. 'L' in LR stands for Logan the founding partner and 'R' for Rockefeller.
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