The Bangladesh Securities and Exchange Commission (BSEC) has finalized the procedures for the closure of the Asian Tiger Sandhani Life Growth Fund, following its maturity.
During the 972nd Commission meeting on Tuesday, September 9, 2025, BSEC authorized the distribution of the fund’s assets to its unit holders.
Bangladesh General Insurance Company Limited, the fund’s trustee, has been instructed to take the necessary steps to complete the payout process.
There had emerged dispute among investors regarding the unitholders’ vote on the fate of the close-end mutual fund and the regulator later decided the closure.
This decision is in line with the standard practices for funds reaching their maturity, ensuring that all formalities are properly executed.
