Investit Asset Management Limited (IAML) has taken move to launch its first opened mutual fund scheme named 'Investit Growth Fund'.
This new fund is designed to provide investors with superior risk-adjusted returns through a focused investment strategy in growth stocks.
The trust deed signing ceremony for the Investit Growth Fund took place on Monday at IAML's office in Dhanmondi, Dhaka.
Key officials from both Investit Asset Management and Sandhani Life Insurance were present, including Mohammad Emran Hasan, Managing Director & CEO of IAML, Nemai Kumar Saha, CEO of Sandhani Life Insurance and Md Mizanur Rahman, Company Secretary of Sandhani Life Insurance Company.
IAML will serve as both the sponsor and asset manager of the Investit Growth Fund. Sandhani Life Insurance will act as the Trustee and BRAC Bank PLC will serve as the Custodian.
The initial size of the fund is BDT 250 million, with the sponsor contributing BDT 25 million and the remaining BDT 225 million coming from individual and institutional investors. The fund’s size may be increased in the future with the Trustee's approval.
Mohammad Emran Hasan, Managing Director & CEO of Investit Asset Management Limited stated, "This is my sixth fund launch in my career, but it's the first for Investit Asset Management. We want to make this a signature fund for our company, as it represents a new chapter in our growth.
We're dedicated to providing our investors with exceptional riskadjusted returns, guided by principles of integrity and rigorous research.”
