Business Desk :
The stock market regulator has approved an open-ended mutual fund named Ekush Growth Fund.
The approval came in a meeting of Bangladesh Securities and Exchange Commission (BSEC) on Tuesday at the commission building in the capital.
Mutual funds pool money from investors to channel it into securities such as stocks, bonds, and other assets. Depending on the profits earned, investors are then paid their share as dividends.
Open-ended mutual funds are not listed with the stock market but one can buy them from a fund managers’ office on the basis of its net asset value.
Similarly, investors can sell off fund units at any time at prices based on its current net asset value.
