MF sector holds huge potential: BSEC chair

Staff Correspondent | Published: 23:03, Oct 27,2020


Bangladesh Securities and Exchange Commission chairman Shibli Rubayat-Ul-Islam on Tuesday said that the mutual funds had a lot of potentials in the country and they had the ability to declare 10-18 per cent dividends.

He made the comments at the inaugural ceremony of an online portal ‘Amar Taka’ in the capital on Tuesday.

Shibli said that the BSEC was working to revive and popularise the sector so that people who did not understand fundamental issues of a company could invest funds in the sector.

He said that that there was a huge potential in the mutual fund sector in the country.

The BSEC would ensure transparency and accountability in the mutual fund sector to increase the investors’ confidence, the BSEC chairman said.

He said that the BSEC was working to utilise the capital market potentials to contribute to the country’s economy.

The regulator wants to develop a transparent and fair capital market in the country, Shibli said, adding that all necessary steps would be taken to achieve the goal.

Insurance Development and Regulatory Authority chairman Mosharraf Hossain and Bangladesh Institute of Capital Market executive president Mahmuda Akhter were also present at the event.

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