Project Report on Performance Evaluation of ICB Mutual Funds

Abstract

A Sound Capital Market ensures greater mobilization of domestic savings and also ensures bordering the base of industrial ownership. The sound Capital Market also assists the entrepreneurs whether in the private or public sector to acquire capital for a feasible project. The importance of sound Capital Market need not over emphasized as it contributes to the real economic growth of a country. The speedy Development of industrial activities in the country needs the support of a balanced and efficient Capital Market. Bangladesh is one of the least developed countries in the world with minimum natural and financial resources. The development of Bangladesh is being hindered due to lack of insufficient capital. To accelerate the phase of industrialization through the development of capital market and broadening the base of investment, The Investment Corporation of Bangladesh (ICB) was established on 1 October 1976. The establishment of rCB was a major step in a series of measures undertaken by the Government to accelerate the pace of industrialization and to develop a well-organized and vibrant Capital Market particularly secuties market in Bangladesh. There are several departments in rCB, which are involved in managing investors, accounts, mutual funds, unit funds and others matters related to capital market. My main focus on this report is ICB's mutual funds. rCB floated eight mutual funds, which are close-end mutual funds. Total paid up capital of eight mutual funds is Tk. 1775.00 lac . Mutual fund department should be innovative, explorative and dynamism. ICB should specially emphasize on the operations and management of mutual fund because most of the small investors are key clients of mutual fund. ICB should concentrate to increase the performance of its mutual fund and way to find out the path for overcoming the problems of operations.