We are glad to inform you that BSEC has approved the prospectus of our first unit fund, namely “EDGE Bangladesh Mutual Fund” or “EDGEBDMF”, on 17th July 2018.
EDGE Bangladesh Mutual Fund will be a balanced mutual fund with both income generation and capital appreciation focus. EDGE AMC (Asset Management Company) is the sponsor and asset manager of the fund while Sandhani Life Insurance Company and BRAC Bank Limited acting as the Trustee and the Custodian, respectively.
Initial subscription period of the Fund will start from July 25th, please find the abridged version of the prospectus in the daily Bonikbarta (বণিক বার্তা) and The Financial Express on July 24th. Initial fund size will be BDT 100 million out of which, EDGE AMC itself investing BDT 10 million. Therefore, the remaining BDT 90 million will be raised from public investors starting from July 25th.