Bangladesh is very small country in South Asia. The borders of present-day Bangladesh were established with the partition of Bengal and India in 1947. Like India, it is still a developing country. In December 2005, the Central Bank of Bangladesh projected GDP growth around 6.5%. All most all the mutual funds are created by its banks. Following are 2 Top mutual funds in Bangladesh.
1st ICB Mutual Fund - Investment Corporation of Bangladesh
In Bangladesh ICB has pioneered Mutual Funds for the sake of investors and of the capital market. ICB Mutual Funds are independent of one another. A Mutual Fund being listed is traded on the Stock Exchanges. Price of Mutual Fund certificates after IPO is determined on the Stock Exchanges through interaction of supply and demand. The market price of a Mutual Fund certificates is available in Stock exchange quotations and in newspapers.
2nd Grameen Mutual Fund - Grameen One - AIMS of Bangladesh
AIMS of Bangladesh is the Asset Manager for the Grameen Mutual Fund One, the second closed-end private mutual fund in Bangladesh, the Grameen Mutual Fund One sponsored by the Grameen Bank, founded by Nobel Laureate Professor Muhammad Yunus, regarded as the innovator of micro-credit. It was in actualization of the objectives of the visionary Professor to devise an avenue to embark in the capital markets by creating a cost-effective and dependable financial instrument for the poor clients of Grameen Bank and design a product that can bridge the vast poor with the mainstream urban economy, give them ownership in the leading enterprises, and take advantage of the growth potentials. Grameen Fund, a not-for profit venture capital financing enterprise of the Grameen family is the Trustee and the Standard Chartered Bank is the Custodian of the fund. It is listed at the Dhaka & the Chittagong Stock Exchanges.
1st ICB Mutual Fund - Investment Corporation of Bangladesh
In Bangladesh ICB has pioneered Mutual Funds for the sake of investors and of the capital market. ICB Mutual Funds are independent of one another. A Mutual Fund being listed is traded on the Stock Exchanges. Price of Mutual Fund certificates after IPO is determined on the Stock Exchanges through interaction of supply and demand. The market price of a Mutual Fund certificates is available in Stock exchange quotations and in newspapers.
2nd Grameen Mutual Fund - Grameen One - AIMS of Bangladesh
AIMS of Bangladesh is the Asset Manager for the Grameen Mutual Fund One, the second closed-end private mutual fund in Bangladesh, the Grameen Mutual Fund One sponsored by the Grameen Bank, founded by Nobel Laureate Professor Muhammad Yunus, regarded as the innovator of micro-credit. It was in actualization of the objectives of the visionary Professor to devise an avenue to embark in the capital markets by creating a cost-effective and dependable financial instrument for the poor clients of Grameen Bank and design a product that can bridge the vast poor with the mainstream urban economy, give them ownership in the leading enterprises, and take advantage of the growth potentials. Grameen Fund, a not-for profit venture capital financing enterprise of the Grameen family is the Trustee and the Standard Chartered Bank is the Custodian of the fund. It is listed at the Dhaka & the Chittagong Stock Exchanges.
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