SEC signs up Padma Islami MF

The Padma Islami Life 1st Mutual Fund has recently been registered with the Securities and Exchange Commission, said National Asset Management Ltd — the asset manager of the fund — in a statement on Sunday.

The market lot of the Tk 100-crore-fund has 500 units with a face value of Tk 10 each.

Padma Islami Life Insurance Ltd is sponsoring the close-end mutual fund for which Eastern Bank and BRAC Bank will be the trustee and custodian respectively.

Source: The daily star, 07 July, 2011

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