DHAKA: The Securities and Exchange Commission (SEC) fixed the margin-loan ratio against listed mutual funds with a 35 percent raise in terms of net asset value (NAV).
The stock regulator took the decision in its market-review committee meeting Monday.
From September 2, the mutual funds will qualify for credits if prices of those are not 50 percent higher than their NAV.
Earlier the limit was 15 percent fixed by the stock regulator five months ago.
Sources explained margin loan will be approved for a mutual fund if it has Tk 100 in NAV per unit and trades only up to Tk 150 (50 percent higher than NAV).
BDST: 2105 HRS. AUGUST 30, 2010
