Vanguard AML Rupali Bank Balanced Fund IPO Result VANGUARD Asset Management Limited obtained the Asset Management Company (AMC) license from Bangladesh Securities and Exchange Commission (BSEC), regulator of the country’s capital market on April 28, 2013 with a view to implementing stipulated investment objectives.
Vanguard AML Rupali Bank Balanced Fund IPO Result (As per Prospectus)
Name: Vanguard AML Rupali Bank Balanced Fund
Closed-end mutual fund for 10 (ten) years tenure. The
Fund may be redeemed on its pre-determined
Nature of the fund: maturity at the end of the tenth year but the Fund
can be converted into the Open End Scheme by
taking the acceptance proposal of conversion as per
BSEC rule and subject to approval of the Commission.
The objective of the Fund is to provide attractive risk
Objective: adjusted returns to the unit holders by investing the
proceeds in the Capital Market and Money Market.
Consent date of BSEC: August 17, 2016
Trading Code: VAMLRBBF
Subscription Open: September 18, 2016
Subscription Close (Cut-Off date): October 02, 2016
Offer Price: Tk. 10.00 per unit
Face Value: Tk. 10.00 per unit
Market Lot: 500 units
Sponsor’s Portion: 40,000,000 units
Pre-IPO Placement Portion: 65,000,000 units
Public offer : 95,000,000 units
Size of the fund in units : 200,000,000
Size of the fund in Amount ; Tk.2 ,000,000,000
Foreign Currency Required for NRB : USD 64.11 or GBP 49.31 or EUR 57.15
and Foreign Applicants (per lot)
Asset Manager Vanguard Asset Management Limited (VAML)
Sponsor Rupali Bank Limited
Trustee Investment Corporation of Bangladesh (ICB)
Custodian Investment Corporation of Bangladesh (ICB)
Vanguard AML Rupali Bank Balanced Fund IPO Result
Vanguard AML Rupali Bank Balanced Fund IPO Result We manage funds across the entire risk-return continuum. These include equity funds, balanced funds and debt and money market oriented funds. We provide investment management, risk management and advisory services to institutional, intermediary and individual investors. We aim to sustain that position through achieving long-term investment performance in line with our clients’ needs and providing superior client relationship management.