AIMS of Bangladesh is the designated Asset Manager & Investment Advisor of the proposed BGIC Mutual Fund sponsored by Bangladesh General Insurance Company Limited (BGIC), the first general insurance company of Bangladesh. The about Tk250 million closed-end income fund is poised to be the first mutual fund floated by any general insurance company in Bangladesh. Incidentally, BGIC is also the Trustee of AIMS First Guaranteed Mutual Fund, the first mutual fund in Bangladesh under private initiative and under the management of AIMS of Bangladesh Limited. It would be listed with the local stock exchanges through IPO when the general public will be invited to subscribe where there would be a quota for non-resident Bangladeshis and mutual funds registered with the SEC. Sandhani Life Insurance Company Limited, one of the distinguished sponsors of the AIMS First Guaranteed Mutual Fund has proposed as the trustee of the fund. While IDLC Finance Limited, another distinguished sponsors of AIMS First Guaranteed Mutual Fund have been proposed as the Custodian. AIMS of Bangladesh Limited have sought registration of the Fund with the SEC in May 2007 and it is expected to be launched in the financial year of 2009-10.  

The prospectus and application form of the BGIC Mutual Fund would be made available as and when consent from the SEC is sought and received, tentatively during the financial year of 2009-10.