Dhaka, Sept. 26 -- For the past two years, Bangladesh's capital market has been on a downward trajectory.

Certain market-unfriendly decisions taken by the former chairman, Shibli Rubayat's commission, led to the fall in prices and the subsequent liquidity crisis.

Under the current commission, efforts have been made to overcome this situation, but success has not yet been achieved. The prolonged decline has severely damaged the mutual fund sector.

Since more than 80per cent of mutual funds are invested in the stock market, the fall in share prices has forced them to bear heavy provisioning burdens.

Because of this excessive provisioning, most mutual funds, despite having actual income, are unable to distribute dividends to investors, a...