Dhaka, March 4 -- Asian Tiger Sandhani Life Growth Fund will be liquidated next week after the completion of 10 years, as the securities regulator has rejected the time extension appeal, a corrective move to change course from past mistakes.

Timely redemption will allow unitholders to recover their investments at the current net asset value (NAV) of the fund, a relief for them especially when units of listed MFs, including the Growth Fund, are trading at heavy discounts in the secondary market.

This is going to be the first time in a decade that investors of a close-ended pooled fund will redeem their units. During the time, the tenure of listed MFs was extended by 10 years after maturity to the frustration of unitholders.

This time th...