The prospectus of an Open End Mutual Fund has been approved by the SEC named MTB Mutual Fund. The Fund will collect 100 crores taka from the market through the fresh IPO of 10 crores unit of market shares. The price of each unite will be 10 taka each. Of that 100 crores, 20 crores will be of directors, Investment placement will be 6 lacs and 60 thousands and general investor will get 79 crores and 93 lacs of unit.
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