Key Takeaways
- • UCB Asset Management has partnered with bKash, enabling investors to subscribe to its UCB Income Plus Fund directly through the bKash mobile financial services app, described by the company as a first for Bangladesh.
- • UCB Income Plus Fund is identified by the company as the country's largest fixed-income fund, per the press release.
- • Two equity-oriented schemes managed by UCB Asset Management will be added to the bKash platform soon, expanding available investment options.
- • The arrangement gives pooled investment vehicles access to bKash's nationwide distribution network, which UCB says creates opportunities for significant growth in the investment management industry.
Summary
UCB Asset Management, a wholly owned subsidiary of United Commercial Bank PLC, has partnered with bKash to allow investors to subscribe to its UCB Income Plus Fund through the mobile financial services provider's app, according to a press release published on 11 October 2026. The company described the arrangement as a first for Bangladesh and identified the UCB Income Plus Fund as the country's largest fixed-income fund.
According to the release, investors can complete subscriptions through the bKash app in a few steps. Two equity-oriented schemes managed by UCB Asset Management will also be added to the platform soon, broadening the range of products accessible through bKash's channel.
The partnership was formalised at a signing ceremony at UCB Asset Management's head office in Dhaka. Representatives from UCB Asset Management included chairman Nabil Mustafizur Rahman, directors Shah Alam and Shahbaz Talat, independent director Dr Mohammad Ridhwanul Haq, and managing director and CEO SM Rashedul Hasan. bKash was represented by chief commercial officer Ali Ahmmed, executive vice president and head of government and utility bill payments SM Belal Ahmed, and general manager of financial services Sabbir Ahmad, CFA, alongside vice president Abu Salah Md Moinuddin and manager Sakib Ahmed from the same division.
UCB Asset Management said the partnership would give pooled investment vehicles access to bKash's nationwide distribution network, creating opportunities for significant growth in the investment management industry. The publisher's background materials note that the company manages over BDT 4.4 billion in mutual fund assets under management and more than BDT 10.5 billion in total assets under discretion, and that UCB Income Plus Fund, launched with Tk 50 crore in July 2023, has crossed Tk 500 crore.
According to the release, investors can complete subscriptions through the bKash app in a few steps. Two equity-oriented schemes managed by UCB Asset Management will also be added to the platform soon, broadening the range of products accessible through bKash's channel.
The partnership was formalised at a signing ceremony at UCB Asset Management's head office in Dhaka. Representatives from UCB Asset Management included chairman Nabil Mustafizur Rahman, directors Shah Alam and Shahbaz Talat, independent director Dr Mohammad Ridhwanul Haq, and managing director and CEO SM Rashedul Hasan. bKash was represented by chief commercial officer Ali Ahmmed, executive vice president and head of government and utility bill payments SM Belal Ahmed, and general manager of financial services Sabbir Ahmad, CFA, alongside vice president Abu Salah Md Moinuddin and manager Sakib Ahmed from the same division.
UCB Asset Management said the partnership would give pooled investment vehicles access to bKash's nationwide distribution network, creating opportunities for significant growth in the investment management industry. The publisher's background materials note that the company manages over BDT 4.4 billion in mutual fund assets under management and more than BDT 10.5 billion in total assets under discretion, and that UCB Income Plus Fund, launched with Tk 50 crore in July 2023, has crossed Tk 500 crore.
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