Investit Asset Management has launched its first open-ended mutual fund, the Investit Growth Fund, with a signing ceremony held in the capital. The fund has an initial size of Tk 25 crore, with Tk 2.5 crore contributed by the sponsor and Tk 22.5 crore from individual and institutional investors. Investit Asset Management will act as both the sponsor and asset manager, while Sandhani Life Insurance will serve as the trustee and BRAC Bank PLC as the custodian. Open-ended mutual funds, unlike those listed on the stock market, allow investors to buy and sell units based on the fund’s net asset value. The Investit Growth Fund aims to offer superior risk-adjusted returns through investments in growth stocks. Future increases in the fund’s size are possible with trustee approval. This fund marks a significant step in Investit’s growth strategy, focusing on providing exceptional returns through integrity and rigorous research.
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