ICB AMCL CMSF Golden Jubilee Mutual Fund

Capital Market Stabilization Fund (CMSF) is set to launch a new closed-end mutual fund titled "ICB AMCL CMSF Golden Jubilee Mutual Fund". The size of the fund is Tk 1.0 billion and face value per unit is Tk 10. The CMSF, sponsor of the fund, will provide Tk 500 million which is 50 per cent of the fund size. This fund will help the market to raise its depth through investing in potential shares. If this fund becomes successful, it will reduce the uncertainty among the investors about closed-end mutual fund. It will create a positive impact and boost up the confidence of investors on the mutual fund. This fund will contribute a lot to stabilizing the capital market. This fund will protect the interest of small investors and will be a role model of the mutual funds industry.