فرابورس

Tehran, August. 23 (SENA) - Civil Servants Pension Fund Investment Co. and Civil Servants Pension Fund Management service Co. and Faraz Ide No Afarin Tak Investment Advisory Firm (FINTAK) worked together on the development of an Equity Fund offering for their clients. Iran Fara Bourse hosted for this biggest underwriting of our capital market.

This will provide clients with the opportunity to invest in companies, organizations’ shares, stocks, stock rights, commodity depository receipt, fixed income securities & banking certificate of deposits Alongside financial return. IFB reported.

 “Young expert portfolio managers of this fund are deeply motivated to develop equity. At this point of the history in Iran, the equity fund unit is a very attractive financial product and clients will increasingly ask for types of investments that ‘do good’” said Mehdi Farazmand, CEO at FINTAK.

Fund primary strategy is the maximum exposure on stocks and the right options and the minimum exposure on fixed-income products. MODIR is non-taxable while utilizes market makers to reduce liquidity risk.

MODIR is going to be offered from 1-12 August. It has been approved by the Civil Servants Pension Fund Investment Co. to allocate units of the fund to 100,000 retirees through granting facilities.

The fund’s base capital amounts 4,000 billion IRR and we are planning to raise the capital to 10,000 billion IRR” said Tahmasbi, CEO at Civil Servants Pension Fund Management Service Co.

It is worth to mention Saba Jahad Brokerage Firm is the forth co-founder besides Civil Servants Pension Fund Investment Co. and Civil Servants Pension Fund Management service Co. and Faraz Ide No Afarin Tak Investment Advisory Firm (FINTAK).

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