The project investment fund in the stock market.
The project investment fund is a financial institute, established under the license of the Securities and Exchange Organization which collects the public capital and allocate it to the particular projects, specified in the statute of the fund. Regarding the defined performance of these funds and along with the project’s progress, the investors are benefited from the rise in the prices of the tradable investments’ units in the capital market. Moreover, increasing the project assets’ value due to factors such as inflation or increasing the exchange rate would cover the investors’ risk in this field. Other advantages of this new financing instrument are decreasing the time for underwriting contracts and increasing the capital, not requiring to register the capital changes in the companies’ registration authority, the possibility of separating the ownership from project management, eliminating the transformation tax of the fund’s investment units and the possibility of directing small investments toward infrastructure projects with the minimum rate of the guaranteed long-term interest.