PBIL launches PrimeInvest for capital market
Business Desk :
Prime Bank Investment Limited (PBIL), a full-fledged investment bank and a wholly owned subsidiary of Prime Bank Limited, launched PrimeInvest a comprehensive discretionary product suite that aims to foster access to investment for individual and institutional investors.
The product was launched at a ceremony held at its head office located at Tajwar Center, Banani in the presence of CQK Mustaq Ahmed, chairman of PBIL, along with Syed M Omar Tayub, managing director & CEO of the company, and other senior management members.
This is for the first time in Bangladesh, an investment bank is introducing a complete range of discretionary products under the unified brand umbrella of PrimeInvest which is designed to meet the wealth management needs of general investors be it individual, institutional or registered funds.
As this is a discretionary product suite, PBIL will have the consent of customers to invest their money strategically in line with the underlying risk and return expectations of each of the five products under PrimeInvest.
Through PrimeInvest, PBIL aims to bring in thousands of new investors to capital market which has so far not been able to create new customers compared to the very large customer base as can be seen in the money market or in MFS accounts.
Moreover, investors can open account in PrimeInvest online from anywhere sitting at ease at their home or workplace.
PrimeInvest aims to offer tailored investment products aligned with investors’ financial goals/return expectations, risk appetite, age, and occupation.
It presents various options such as Wealth Maximizer, Monthly Investment Plan, Capital Protected Scheme, Equity Sharing and Performance Scheme.
Wealth Maximizer requires a minimum token investment of Tk5 Lakh for a 3-year tenure, while the Monthly Investment Plan starts with a minimum monthly investment of Tk3,000, promoting consistent investing and compounding benefits.
Equity Sharing is the joint investment of client and PBIL on a 70:30 basis, where profit and losses will be shared on that ratio.
The Capital Protected Scheme guarantees the protection on the invested capital, and the Performance Scheme allows PBIL to retain a portion of the profits while it strives to maximize the return.
