The Bangladesh Securities and Exchange Commission (BSEC), the regulator of the capital market, has approved the prospectus of the RBIMCO BGFL Fund. The approval was given at the 770th commission meeting of BSEC today.

According to BSEC sources, the size of the RBIMCO BGFL fund will be Rs 10 crore. Of this, Royal Bengal Investment Management Company Limited will provide one crore rupees. The remaining Tk 9 crore will be open to general investors.

Royal Bengal Investment Management Company Limited is the asset manager and Bangladesh General Insurance Company Ltd is the trustee and BRAC Bank is the custodian of the fund.

Sunbd/NJ