Dhaka, Dec. 24 -- Investit Asset Management Limited (IAML) has announced the subscription period for its maiden open-ended mutual fund, the Investit Growth Fund.

According to a press release issued by the company on Tuesday, the subscription will begin on January 1, 2025, with units priced at a face value of Tk 10 each.

The minimum investment for individual investors is BDT 5,000, while institutional investors must commit at least BDT 50,000. The fund is open to a wide range of participants, including retail investors, non-resident Bangladeshis (NRBs), and institutions.

IAML will serve as both the sponsor and asset manager for the fund. Sandhani Life Insurance will act as the Trustee, and BRAC Bank PLC will serve as the Custodian. The ...