2023-10-24 01:55:30
Economy/Finance24 Oct. ’23 8:49
News report from Bualuang Mutual Fund Management Company Limited or BBLAM revealed that BBLAM is offering the initial investment unit offering (IPO) Bualuang Thanarat 16/23 Mutual Fund or Bualuang Thanarat 16/23 (B16/23) with a maturity of approximately 6 months, estimated return. 2.05% per year, project size 6,000 million baht, offered for sale at a price of 10 baht per unit and investors must make an initial purchase of at least 10,000 baht.
For Bualuang Thanarat 16/23, the money will be invested in government debt instruments such as treasury bills, government bonds. Bank of Thailand bonds or bonds or debt instruments of which the Ministry of Finance or the Financial Institutions Development Fund is the issuer, guarantor, avalee, or guarantor. On average during the fiscal year, not less than 80 percent of the fund’s net asset value. Including this fund will be invested only once. The invested assets will be held until the maturity of the mutual fund’s project. (buy-and-hold fund)
The rest will be invested in deposits, certificates of deposit, bills of exchange, and promissory notes. Debt instruments of financial institutions and or state enterprise bonds and/or finding interest by other means Government debt instrument purchase transactions with financial institutions with an agreement to sell back the said debt instruments On the date specified in the contract
The fund will not invest in futures contracts. (Derivatives) and do not invest in instruments that have the nature of a hidden futures contract (Structured Note) and do not invest in debt instruments with a credit rating lower than that which can be invested in. (Non-Investment Grade) However, the fund may hold debt instruments with a credit rating lower than investment grade. (Non-Investment Grade) only if the debt instrument is rated as investment grade (Investment Grade) on the date of investment only.
Fund B16/23 has no fees for selling or buying back investment units. This fund will buy back automatically to unitholders. Within the business day before the project expiration date. By reducing the number of units and using the value of investment units at the end of the automatic redemption day as the redemption price for investment units. The purchaser of investment units will receive the money back automatically within 5 business days from the business day following the automatic redemption of investment units. According to the method that unitholders have informed in the account opening application form. (Transfer into account / check) where unitholders can notify their intention that When the term fund expires Switch to Bualuang Thanatawee Open Fund (B-TNTV) or Bualuang Government Bond Fund (B-TREASURY).
Interested persons can ask for details about the B16/23 fund or contact BBLAM to receive a prospectus at tel. 0 2674 6488, press 8, or investment unit sales representatives, namely Bangkok Bank. Bualuang Securities PCL., Bangkok Life Assurance PCL. and Krungsri Capital PCL.
Investors must understand product characteristics, return conditions, and risks. Before deciding to invest Past performance It is not a guarantee of future performance. Currency hedging is at the discretion of the fund manager.
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