Order collection for open‑end mutual funds.

Alternative Trading Board or ATB is a separate trading platform of DSE for trade/(sale and redemption) of unlisted or de‑listed securities and units of fund registered under the securities and exchange commission.

OCS refers to Order Collection System through which investors and brokers can place their orders of Sale and Redemption (repurchase) of units of open‑end mutual fund listed in ATB platform of DSE.

Yes, investor can directly place their orders from OCS mobile app or do it via broker.

OCS is designed to facilitate the Sale and Redemption (repurchase) of units of open‑end mutual fund as per the regulations.

Open‑end funds are a unique form of mutual fund without fixed number of units and fixed maturity. Open ended MF allow investors to subscribe to (buy) or surrender (sell) their units at their will at a price close to Net Asset Value per share (NAV) of the fund on that particular day.

All the units will be in de‑mat form.

A Systematic Investment Plan (SIP) is a facility offered by an AMC to prospective unit holders of its fund in a manner where an investor can invest a predetermined amount of money at a regular interval (such as monthly or quarterly) in their chosen open‑end mutual fund scheme, rather than utilizing a full amount of investment.

The trading days and session of Sale and Redemption (repurchase) of units of open‑end mutual fund will be same as the regular trading days and session in equity market except the declared trading halt by the Exchange and AMCs during record date and any other decided period.

NAV (Net Asset Value) is the difference between the total assets and total liability in a scheme.

The asset managers will update the NAV at cost and market value at least 30 (thirty) minutes before the start of every trading day at ATB. NAV shall also be displayed at the trading monitor.

The OCS is simply a platform for placement of order. No matching is required for setting of prices. The orders will be fulfilled at the price as declared or quoted by the respective asset manager at least 30 (thirty) minutes before the start of every trading day at ATB. The quoted price of each unit can be maximum 15% higher or lower than the NAV per unit.

Not necessarily. The quoted price of each unit can be maximum 15% higher or lower than the NAV per unit.

As per rule 61 (3) of সিকিউরিটিজ ও এক্সচেঞ্জ কমিশন (মিউচুয়াল ফান্ড) বিধিমালা, ২০০১ [আগস্ট ২৪, ২০২১ পর্যন্ত হালনাগাদকৃত], the difference between selling value and surrender value of any unit of scheme shall not be more than 5% of selling price.

Maximum redemption or repurchase size (number of units) for each trading day shall be set by the asset manager at least 30 minutes before the start of trading, which shall also be displayed at the trading monitor.

Asset Manager shall make application in specified form with duly attested copies of required documents and application fee payment to the DSE.

Copy of consent letter approved by the commission, copy of the certificate of incorporation, the certificate of commencement (if applicable), registration certificate of the asset management company or such other documents.

The Exchange shall examine the application and make its decision regarding listing or rejection within 30 (thirty) days of receipt of such application. Otherwise, it shall issue a rejection letter, stating the reason(s) for such rejection, within 30 (thirty) days of receipt of the application.