AIMS of Bangladesh is the designated Asset Manager & Investment Advisor of the proposed BRAC Provident Mutual Fund sponsored by the Employee Provident Fund of BRAC, the largest NGO in the world. It is poised to be the first mutual fund launched by any pension fund in Bangladesh and would be a closed-end growth fund having a size of about Tk500 million where the sponsor is expected to contribute fifty percent. BRAC Bank Limited has been proposed as the Trustee & Custodian of the mutual fund. It is designed primarily for the benefit of the employees of BRAC and its’ associated enterprises but would be listed with the local stock exchanges through IPO when the general public will be invited to subscribe. During the contemplated IPO there would be a quota for non-resident Bangladeshis and mutual funds registered with the SEC. It is in an advanced stage of materialization and expected to be launched in the financial year of 2009-10 after receiving registration from SEC.

The prospectus and application form of the BRAC Provident Mutual Fund would be made available as and when consent from the SEC is sought and received after the SEC effects a promised amendment to the SEC (Mutual Fund) Rules 2001 vide their letter no SEC/Reg-139/2005/413 of June 18, 2005.