The initial subscription of Mutual Trust Bank (MTB) Unit Fund will expire Sunday. After expiry of the period, the units will be traded at NAV (net asset value) related prices, sources said.

MTB Unit with an initial size of Tk 1 billion, is an open-ended fund of face value of Tk 10 per unit. Mutual Trust Bank Limited has provided Tk 200 million as sponsor of the fund.

Bangladesh General Insurance Company Limited is the trustee of the fund, while BRAC Bank Limited is its custodian and Alliance Capital Asset Management Limited is asset manager.

MTB Unit Fund, managed by a team of professionals, has entered into the market at a time when the DSE market PE ratio is comparatively low, market sources said.

News: Daily Sun/Bangladesh/28-Sep-12