Alternative Investment Fund

As per rules 2(1)(2) of Bangladesh Securities and Exchange Commission (Alternative Investment) Rules, 2015 "Alternative Investment Fund" means any fund established or constituted in Bangladesh in the form of a trust which,

• is a "private equity fund" or a "venture capital fund" or an "impact fund" or any other type of fund as declared by the Commission as alternative investment fund from time to time;
• is a privately pooled investment vehicle which collects funds from eligible investors for investing in accordance with a defined investment policy for the benefit of its investors;
• is a closed end fund with specific tenure;
• collect subscription by way of private placement only and does not offer its units for public subscription; and
• is not covered under the সিকিউরিটিজ ও এক্সচেঞ্জ কমিশন (মিউচ্যুয়াল ফান্ড) বিধিমালা ২০০১, or any other Rules of the Commission to regulate fund formation and management activities;

Fund managers are required to disclose NAV per unit at cost and fair or market price in website of the Exchange as well as in official website of the fund manager.

Alternative investment funds provide benefits in the following ways:

• Dividends - Dividend is a share of the fund's profits from investment, if declared.
• Capital gains - gain from sale of units.

The in-depth information regarding listing of alternative investment fund, trading systems & processes, clearing and settlement, etc. are available in "Listing Information" tab of this website.