Green Delta Dragon mutual fund to be launched

A "Green Delta Dragon Enhanced Blue Chip Growth Fund" is set to be launched, the first open-end mutual fund to be managed by Green Delta Dragon Asset Management Company. 

Bangladesh General Insurance Company will act as trustee while Brac Bank custodian of the fund, jointly sponsored by Green Delta Insurance Company and Dragon Capital and with an initial size of Tk 50 crore, said a press release. 

Syed Moinuddin Ahmed, additional managing director of Green Delta Insurance Company, Shimanto Shahriar Oni, counsel of Dragon Capital, and Ahmed Saifuddin Chowdhury, managing director of Bangladesh General Insurance Company, signed a deal in this regard in Dhaka on Sunday.