The investment seeks income, with the potential for capital appreciation as a secondary objective. The fund invests at least 80% of its total assets in 15 to 25 unaffiliated open-end mutual funds ...

Open-end mutual funds are gaining popularity in Bangladesh as retail investors look for diversification, liquidity and professional management.

Reclassification involves changing a mutual fund's share class without a taxable event, offering flexibility in investment strategies and potential fee reductions for investors.