Thailand ESG Extra Fund (Thai ESGX)
Switch from LTF to Thai ESGX funds or make a new investment in Thai ESGX funds to support Thailand’s sustainability efforts and receive tax benefits in accordance with conditions of the Revenue Department.
Bualuang Mixed Dividend Thailand ESG Extra Fund
Invest in equities with an outstanding ESG rating listed on the Stock Exchange of Thailand averaged in an accounting year not less than 65% and not more than 70% of the NAV. The Fund focuses on investing in high liquidity stocks that pay dividends or Low Beta stocks compared to the SET Index. The Fund also invests in government bonds/debentures/sustainability-linked bonds.
Bualuang Mixed 70/30 Thailand ESG Extra Fund
Invest in equities with an outstanding ESG rating listed on the Stock Exchange of Thailand averaged in an accounting year not less than 65% and not more than 70% of the NAV. The Fund also invests in government bonds/ debentures/ sustainability-linked bonds.
Special Promotions for Thai ESGX funds
Special privileges when investing in Thai ESGX Funds from BBLAM
Receive Bualuang Short Term Fixed Income fund (B-ST) investment units worth 100 baht (up to 1,600 baht per person) for every 50,000 baht invested in Thai ESGX Funds from BBLAM via Bangkok Bank branches/ Bangkok Bank Mobile Banking, according to the specified conditions, from May 2, 2025 – June 30, 2025
Special privileges when investing in Thai ESGX Fund from BCAP
Receive Cenpay Gift Voucher worth 100 baht for 50,000 baht invested in Thai ESGX Fund from BCAP via Bangkok Bank branches/ Bangkok Bank Mobile Banking, according to the specified conditions, from May 2, 2025 – June 30, 2025
Additional Information for Thai ESGX
Tax Benefits of Thai ESGX Fund
There are 2 categories of tax benefits available when investing in Thai ESGX funds as follows
- Category 1 Investors who invest in Thai ESGX funds between May 2, 2025 to June 30, 2025 are eligible for a tax deduction of the actual amount up to 30% of the individual’s annual assessable income and can invest up to a maximum of 300,000 baht. (This is separate from the tax benefits limits for investments in Thai ESG funds)
- Category 2 Existing unitholders who switch all LTF units held with all asset management companies as of March 11, 2025 (excluding units under other tax-benefit classes such as SSF) into Thai ESGX funds between May 2, 2025 to June 30, 2025, are eligible for a maximum tax deduction of 500,000 baht over five years. In the first year (2025), the maximum deductible amount is 300,000 baht, and the remaining amount will be equally distributed up to not more than 50,000 baht per year across the 2026 to 2029 tax years.
(Investments in Thai ESGX funds are not combined with the tax deduction from investments in Thai ESG funds and are not combined with the total of tax deductible investment of up to 500,000 baht allowable from investments in Retirement Mutual Fund (RMF), provident funds, government pension funds, private teacher aid fund contributions, national savings fund and annuity insurance premiums.)
Conditions of Thai ESGX Fund
Investments in Thai ESGX funds must be held for at least 5 consecutive years from the date of the purchase or switch of investment units to the anniversary date, except in the event of disability or death of the investor.
Breaching Investment Conditions of Thai ESGX Fund
In case of investment exceeding tax benefits
In case of using tax deduction but not following the conditions
Breaches of investment conditions 1 to 3 are not applicable in the event of disability or death of the investor, in accordance with the conditions of the Revenue Department.
In this regard, investors must comply with the regulations stated in the Thai ESG handbook.
- The investment amount that exceeds the tax benefits cannot be used for tax deduction.
- The profit from redeeming the investment amount that exceeds the tax benefits must be included with other income received by the investors in that tax year for income tax payment.
In case of using tax deduction but not following the conditions
- Investors must pay the income tax for the tax year during which the investment was deducted from income tax for exemption to the Revenue Department.
- Investors must pay a surcharge to the Revenue Department at a monthly rate of 1.5% on the exempted tax amount but not more than the tax payable amount. The period designated to pay the surcharge will be after the last day of tax filing, or the remittance period of the year the investor applied for tax exemption until the date of payment or remittance of additional taxes. It is suggested that the investor should pay as soon as possible.
- If there are capital gains incurred from redemption, investors are required to:
- Pay withholding taxes calculated according to their tax rates.
- Incorporate the capital gains incurred from redemption as a taxable income.
Breaches of investment conditions 1 to 3 are not applicable in the event of disability or death of the investor, in accordance with the conditions of the Revenue Department.
In this regard, investors must comply with the regulations stated in the Thai ESG handbook.
Thai ESG Handbook (Available in Thai only)
Notes:
- Investments are not deposits and carry the risk that investors may not receive their money back in full when the investment is redeemed (the principal is not guaranteed).
- Investors are strongly advised to study the product characteristics including the prospectus, fund policy, return conditions, risks, fund performance, tax benefits and consequence when violating the investment condition in the Thai ESG handbook before deciding to invest.
- The off-shore investment funds have no currency risk-protection policy for most, if not all, of their value. The currency risk policy is at the discretion of the Management Company. Investors may experience currency losses or profits, or receive a return less than their initial investment.
- In case of breaching the tax condition, investors will not receive tax benefits according to the conditions of the Revenue Department.
- English provided for information purposes only. Any action taken must be guided by the Thai text.
For more information, or to request a prospectus, please contact
Bangkok Bank, call 1333 or visit www.bangkokbank.com
BBLAM, call 0 2674 6488 press 8 or www.bblam.co.th
BCAP Asset, call 0 2618 1599 or www.bcap.co.th
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