An evaluation of the performance of investment Corporation of Bangladesh (ICB) mutual funds.
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In the current world for developing a country it is most important to develop strong capital market. A sound Capital Market ensures greater mobilization of domestic savings and also ensures broadening the base of industrial ownership. The sound Capital market also assists the entrepreneurs whether in the private or public sector to acquire capital for a feasible project. The importance of sound capital market need not over emphasized as it contributes to the real economic growth of a country. The speedy development of industrial in the country needs the support of a balanced and efficient Capital Market. In this connection ICB is playing an important role from the very beginning to make the market stable and liquid. The activities of ICB are pivotal to the Development of the capital Market in Bangladesh, Which is crucial for the sake of accelerating the pace of industrial Development. The Underwriting or bridge financing operation of ICB enables implementation of industrial projects by ensuring a part of equity finance. In view of the national policy of accelerating the rate of savings and investment to foster selfreliant economy, ICB assumes an indispensable and pivotal role Through the enactment of the Investment corporation of Bangladesh (Amendment) Act, 2000 (no. 24 of 2000), reforms in operational strategies and business policies have been implemented by establishing and operating companies with ICB as the holding company. The activities related to merchant banking, mutual fund operation and stock brokerage activities in these subsidiary companies, namely ICB Asset Management Company Limited, ICB Capital Management Company Limited and ICB Securities Trading Company Limited are increasing day by day. So these three subsidiary companies are also playing an important role in the capital market.
- Project Report of BBA