Ekush Wealth Management’s mutual fund gets go-ahead

An open-ended mutual fund of Ekush Wealth Management has got a go-ahead from Bangladesh Securities and Exchange Commission (BSEC).

The BSEC approved the draft prospectus of the fund named Ekush Stable Return Fund yesterday. The primary target of the fund is Tk 25 crore.

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Of the Tk 25 crore, Tk 2.5 crore has been funded by its sponsor and the rest of the fund would remain open for general investors.

Face value of each unit of the fund is Tk 10. Its trustee and custodian are Sandhani Life Insurance and Brac Bank respectively.