A official of Alliance Capital Asset Management Limited, speaks at the training session for the sales agents in the city yesterday.

Alliance Capital Asset Management Limited (ACAML), asset manager of MTB Unit Fund, held training sessions for the sales agents of the fund in the city yesterday.

MTB Unit Fund is an open-ended fund with an initial size of Tk 100 crore. Mutual Trust Bank Limited has provided Tk 20 crore as the sponsor of the fund. Bangladesh General Insurance Company Limited is the Trustee and BRAC Bank Limited is the Custodian of the fund.

As an open-ended fund, MTB Unit Fund will not be listed on the stock exchanges. Units of the fund, initial subscription of which starts from 15 April 2012, will be sold from 115 sales centres of 21 sales agents across the country.

These sales centres will make it easy for the investors to buy, sell or transfer their units without any hassle. MTB Unit fund is the first open-ended fund with certificates in dematerialised form and comes to the market at a time when the DSE P/E ratio is hovering around 14.

The sales agents were trained thoroughly about the product and also the sales and repurchase procedures as they will have to answer queries of the investors, accept applications, repurchase or transfer forms and deliver necessary papers or cheques to them.

The Daily Sun/Bangladesh/ 12th April 2012