Krungthai Bank opens subscription for investment units of Vayupak Mutual Fund One, Type A, offered to general investors through Krungthai NEXT and branches nationwide, giving Thais the opportunity to access stable assets, increasing savings options, investing to grow, and receiving consistent returns, with a mechanism to protect investments and returns. D-Day is 16-20 September.
?According to the Ministry of Finance’s policy to open the sale of investment units of Vayuphak Mutual Fund 1 by offering Type A investment units to general investors worth 100,000 – 150,000 million baht, Krungthai Bank, as a state-owned commercial bank, is committed to developing financial products that meet the needs of all customer groups in all dimensions, supporting savings and investment to create long-term financial stability. It has been appointed as one of the supporters of the sale of investment units of Vayuphak Mutual Fund 1. Type A investment units are prepared to allow customers to subscribe to Type A investment units
of Vayuphak Mutual Fund 1 to provide Thai people with an opportunity to access investment in secure assets, turning their investments into growth. The subscription is open through 2 channels: booking through Krungthai Bank branches nationwide and online booking via Money Connect on the Krungthai NEXT application from 9:00 a.m. on September 16 to 4:00 p.m. on September 20.
Vayuphak Mutual Fund 1 (VAYU 1) offers Type A investment units to general investors as an alternative for saving for the public and an opportunity to receive consistent returns throughout the investment period. The initial investment period is 10 years, with an offering price of 10 baht per unit, totaling approximately 100,000-150,000 million baht, divided into Thai individuals residing in Thailand and at least 20 years old, or juristic persons established under Thai law, or private funds for retail investors, with an offering proportion of 30,000-50,000 million baht, and the second group, institutional investors and specific juristic perso
ns, with an offering proportion of 100,000-120,000 million baht, with general investors subscribing for a minimum of 10,000 baht (1,000 units), increasing by 1,000 baht (100 units) at a time, allocated using the Small Lot First method (subscribers with the minimum amount are allocated first). The allocation results will be announced on September 25, 2024 via www.settrade.com. and it is expected that the investment units will be listed on the Stock Exchange of Thailand in early October.
The fund has an investment policy divided into 3 types: liquid securities, securities registered in the stock exchange, and other securities not registered in the stock exchange. The policy is to pay dividends at least 2 times a year, only in cases where the mutual fund has profits of the mutual fund and/or reserves dividends according to the actual rate of return of the mutual fund, but not less than the minimum rate specified at 3 percent per year and not exceeding the maximum rate specified at 9 percent per year, calculated
from the par price of 10 baht per unit, which is set as a fixed rate for 10 years.
However, the mutual fund has no guarantor or guarantee for the investment. If the value of the assets invested by the mutual fund decreases significantly or the Stock Exchange of Thailand index decreases severely, it may have a negative impact on the net asset value of the mutual fund, causing the investment protection mechanism to be insufficient to support such negative impacts and causing unitholders of Type A to not receive some or all of their principal back. In addition, the mutual fund has no guarantor or guarantee for the return. In the event that there is any event that causes the profit of the mutual fund and the dividend reserve of the mutual fund to decrease to the point where it is insufficient to pay dividends at the minimum rate of return to unitholders of Type A, the unitholders may receive actual dividends at a rate lower than the minimum rate of return of 3 percent per year or may not receive any return on in
vestment at all in the event that the profit of the mutual fund and the dividend reserve of the mutual fund are depleted.
Investors should understand the product characteristics, conditions, returns and risks before making an investment decision. The fund has a policy to hedge against exchange rate risk at the discretion of the management company. Investors may lose from exchange rates or receive a refund lower than the initial investment. This fund is not a mutual fund with guaranteed investment and returns. You can download the prospectus to study the details before reserving investment units from the website of the Securities and Exchange Commission at www.sec.or.th or the management company website at www.ktam.co.th and www.mfcfund.com. For more information, please contact Krungthai Contact Center at 02-111-1111.
Source: Thai News Agency