News for IDLC

The company has informed that the Board of Directors of the company has decided to sponsor an Open-end Unit Fund subject to the approval of appropriate regulatory authorities. Some features of the Unit Fund are as follows: Name of the Fund: IDLC-50 Unit Fund, Fund Category: Index based fund, major portion of the portfolio will track the Index; IDLC-50, Nature of the Fund: Open-ended Mutual Fund linked with IDLC-50 Index, Initial Size of the Fund: BDT 250.00 million, Sponsor of the Fund: IDLC Finance Limited and IDLC's Contribution: BDT 50.00 million