Bangladesh, Oct. 7 -- UCB Income Plus Fund, a fixed-income open-end mutual fund managed by UCB Asset Management, has crossed BDT 500 crore in size, growing tenfold from its initial BDT 50 crore since its July 2023 launch. This is a rare feat, as this kind of scalability has not happened in the past 15 years.

From 50 crore to 500+ crore in just three years and three months, the milestone reflects growing investor confidence in open-ended mutual funds floated by credible asset managers.

Established in 2020, UCB Asset Management has become Bangladesh's fastest-growing asset management company, and UCB Income Plus Fund has become the largest mutual fund managed by a private asset management company. Only two open-end funds managed by ICB c...