The Dhaka Stock Exchange (DSE) is set to introduce a web-based order collection system within this year, allowing investors to purchase and redeem units of open-end mutual funds through an integrated online platform.
The proposed system aims to make investment in open-end mutual funds easier and more accessible by bringing the order collection process under a technology-driven platform accessible through both desktop and mobile applications.
Under the system, investors will be able to submit orders online through DSE stockbrokers. The brokers will facilitate the purchase and redemption of units and transmit the orders through the platform to the respective asset managers.
To familiarise stakeholders with the proposed platform, the DSE organised a workshop on Monday to discuss its operational framework, with Bangladesh Securities and Exchange Commission (BSEC) Commissioner Md Nafeez Al Tarik attending as the chief guest, according to a press release.
Mr Tarik praised the initiative, saying the platform would play an important role in developing the country's mutual fund sector and ensuring effective services for investors.
He stressed the importance of technology-driven initiatives to expand investors' access to mutual funds and strengthen the industry.
Currently, asset management companies generally publish fund performance information through their respective platforms. Investors therefore have to visit different platforms to collect information on different funds, making comparisons of fund performance cumbersome.
The proposed DSE platform is expected to provide a more integrated digital channel for investors to access and transact in open-end mutual funds.
Unlike listed shares, open-end mutual fund units will not be traded through continuous order matching on the stock exchange. The units will be sold or redeemed at prices declared or determined by the respective asset managers.
An investor seeking to buy units will place a purchase order through the online platform, while an investor wishing to exit an investment will submit a redemption, or repurchase, request through the same channel.
The transactions will be conducted in accordance with the relevant provisions of the Bangladesh Securities and Exchange Commission (Mutual Fund) Rules, 2025.
DSE Managing Director Nuzhat Anwar said the exchange has a clear vision to modernise its operations by ensuring integrated facilities for investors and creating opportunities to diversify their investment portfolios.
“The proposed platform would make mutual fund investment easier, more convenient, transparent and technology-driven,” she said.
DSE General Manager of the Market Development Division Saiyid Mahmud Zubayer made a detailed presentation at the workshop on the features, operational structure and functionality of the proposed system.
The DSE expects the initiative to make mutual fund investment more accessible while contributing to the diversification and modernisation of the country's capital-market infrastructure.
BSEC Executive Director Md Mahmudul Haque, DSE Managing Director Nuzhat Anwar, DSE General Manager Saiyid Mahmud Zubayer, officials from the BSEC's Mutual Fund, Collective Investment Scheme (CIS) and Securitisation Department, and DSE officials attended the workshop.
