Midland Bank Asset Management Company Limited (MDB AMC), a wholly owned subsidiary of Midland Bank PLC, has completed the public subscription of the “Midland Bank Growth Fund”, an open-ended mutual fund it manages.

The fund was launched with a target size of Tk 25 crore. Midland Bank PLC contributed Tk 2.5 crore as sponsor, while the remaining amount was raised through public subscription, according to a press release.

The face value of each unit is Tk 10.

Following the closure of the initial subscription, investors will be able to buy and surrender units at the prevailing net asset value (NAV), in line with regulatory requirements.

The fund aims to achieve long-term capital appreciation by investing in fundamentally strong listed equities, government securities, money market instruments and other approved financial assets.

It follows a disciplined, research-based investment approach focused on sustainable growth, diversification and risk management.

Mohammad Samir Uddin, chief executive officer of MDB AMC, said the strong response reflects growing investor confidence in professionally managed investment products in Bangladesh.

He added that the company remains committed to maintaining high standards of professionalism, governance and transparency while delivering long-term value through disciplined investment management.

The Bangladesh Securities and Exchange Commission (BSEC) had earlier approved the prospectus of the fund under the Bangladesh Securities and Exchange Commission (Mutual Fund) Rules.

Midland Bank PLC is the sponsor of the fund, while MDB AMC acts as the asset manager. Sandhani Life Insurance Company Limited serves as trustee, and Commercial Bank of Ceylon PLC is the custodian.