Retirement Mutual Funds

The Funds provide a long-term savings plan for your retirement and offer tax benefits in accordance with conditions of the Revenue Department.

Bualuang Global Infrastructure Equity RMF

The Fund invests in the investment units of Legg Mason ClearBridge Global Infrastructure Income Fund, Class S Acc (USD) (“the Master Fund”), which focuses on equities of infrastructure companies worldwide

Bualuang Money Market RMF

The Fund invests in government, financial institution and private sector debt instruments and/or domestic and overseas deposits.

Bualuang Fixed-Income RMF

The Fund invests in medium-to-long-term debt instruments, deposits or other securities/assets.

Bualuang Equity 25% RMF

The Fund invests in equities at any given time at not more than 25% of the NAV, and also in debt instruments, deposits or other securities/assets.

Bualuang Flexible RMF

The Fund invests in equity instruments, hybrid financial instruments, debt instruments and/or deposits with percentages from 0-100% of the NAV.

BCAP Global Target Date Retirement Mutual Fund

The Fund adjusts investment proportion in line with investors’ age range with a mixed investment policy by investing in onshore and offshore assets.

BUALUANG MAPS RMF

The Fund invests in the investment units of CIS funds, infrastructure funds, property funds/REITs, and/or ETF of two or more funds (the destination fund) both domestically and internationally. Choose from three alternatives with different investment proportion in equities.

Bualuang Equity RMF

The Fund invests in equities both listed and non-listed on the SET with good fundamentals, averaging in an accounting year not less than 65% of the NAV.

Bualuang Infrastructure RMF

The Fund invests in equities of companies involved in Thailand infrastructure such as energy, communications, logistics, construction materials.

Bualuang Small-Mid Cap RMF

The Fund invests in equities of small-to- medium companies listed on the SET and/or MAI.

Bualuang Siriphol Corporate Governance RMF

The Fund invests in equities of companies with good governance, high market capitalization, consistent high liquidity, or a record of high and consistent dividends.

Bualuang Basic RMF

The Fund invests in domestic and overseas securities of companies related to the Four Requisites namely food, accommodation, clothing and medicine.

Bualuang Top-Ten RMF

The Fund invests in securities of listed companies with good fundamentals which the Fund Manager expects that they will have total returns in the top 10.

Bualuang ASEAN Equity RMF

The Fund invests in securities of companies listed on the stock markets of ASEAN countries and in other countries that have business operations related to ASEAN.

Bualuang India Mid Cap RMF

The Fund only invests in the investment units of Kotak Funds - India Midcap Fund (the Master Fund) which has an investment policy of investing in equities and equity-linked securities of mid-capitalization companies registered in India.

Bualuang China A-Shares Equity RMF

The Fund invests in the investment units of Allianz China A-Shares (the Master Fund), which invests primarily in China A-Shares equity markets of the People’s Republic of China.

Bualuang Vietnam Equity RMF

The Fund invests in the securities of companies listed on the stock exchanges of Vietnam and/or companies which operate in Vietnam or benefit from Vietnam's economic growth.

Bualuang US Alpha RMF

The Fund only invests in the investment units of JPMorgan Funds - US Growth Fund (the Master Fund), Class JPM US Growth I (acc) – USD.

Bualuang Asia Equity RMF

The Fund only invests in the investment units of Invesco Funds - Invesco Asian Equity Fund (the MasterFund) Class C (AD) USD.

Bualuang Global Equity RMF

The Fund only invests in the investment units of Wellington Global Opportunities Equity Fund (the Master Fund) which has an investment policy of investing in equities and other securities of companies worldwide.

Bualuang Future Equity RMF

The Fund invests in foreign equities of companies working in the realm of innovation and technology, and will benefit from future consumption trends.

Bualuang Global Thematic Opportunities RMF

The Fund only invests in the S-ACC (USD) investment units of Wellington Global Innovation Fund (the Master Fund).

Bualuang Sustainable Investing Portfolio RMF

The Fund invests in the investment units of two or more equity funds (destination funds) managed by Pictet Asset Management.

Bualuang Global Health Care RMF

The Fund only invests in the investment units of Wellington Global Health Care Equity Fund (the Master Fund) which has an investment policy of investing in equities of companies in the health care industry worldwide.

Bualuang Global Innovation & Technology RMF

The Fund only invests in the investment units of Fidelity Funds - Global Technology Fund (the Master Fund) Class Y-ACC-USD.

Bualuang Gold RMF

The Fund only invests in the investment units of SPDR Gold Trust (the Master Fund) which has an investment policy of investing in gold bullion.

Bualuang Infrastructure and Real Estate Fund of Funds RMF

The Fund invests in the investment units of domestic and international property funds, REITs, infrastructure funds and/or ETFs that invest in property funds, REITs or infrastructure funds.

Super Savings Funds

The Funds provide a long-term savings plan and offer tax benefits in accordance with conditions of the Revenue Department.

Bualuang Vietnam Equity Super Savings Fund

The Fund invests in the investment units of Bualuang Vietnam Equity Fund (“the Master Fund”), which invests in equities of companies listed on the stock exchanges of Vietnam

Bualuang Global Health Care Super Savings Fund

The Fund invests in the investment units of Bualuang Global Health Care Fund (“the Master Fund”), which invests in equities of companies in the healthcare sector listed on stock exchanges worldwide.

Bualuang Global Infrastructure Equity SSF

The Fund invests in the investment units of Bualuang Global Infrastructure Equity Fund (“the Master Fund”), which focuses on equities of infrastructure companies worldwide

Bualuang Income Super Savings Fund

The Fund only invests in the investment units of Bualuang Income Fund (the Master Fund), averaged in an accounting year not less than 80% of the NAV.

Bualuang Mixed 70/30 Super Savings Fund

The Fund invests in listed securities on the Stock Exchange of Thailand (SET) and/or the Market for Alternative Investment (mai), with averaged in an accounting year not less than 65% but not more than 70% of the NAV.

Bualuang Thai Equity Super Savings Fund

The Fund invests in listed securities on the Stock Exchange of Thailand (SET) and/or the Market for Alternative Investment (mai), averaged in an accounting year not less than 80% of the NAV.

Bualuang China Equity Super Savings Fund

The Fund invests in investment units of Bualuang China Equity Fund (the Master Fund) focusing its investments in equities issued by Chinese companies established in or with business in China.

Bualuang US Alpha Super Savings Fund

The Fund only invests in the investment units of Bualuang US Alpha Fund (the Master Fund).

Bualuang Asia Equity Super Savings Fund

The Fund invests in the investment units of Bualuang Asia Equity Fund (the Master Fund) which focuses on equities issued by listed companies in Asia or with main business operations in Asia.

Bualuang Future Equity Super Savings Fund

The Fund only invests in the investment units of Bualuang Future Generation Equity Fund (the Master Fund), averaged in an accounting year not less than 80% of the NAV.

Bualuang Global Thematic Opportunities Super Savings Fund

The Fund invests in investment units of Wellington Global Innovation Fund (the Master Fund) focusing its investments in drivers or beneficiaries of innovation in industries and businesses worldwide.

Bualuang Sustainable Investing Portfolio Super Savings Fund

The Fund invests in investment units of Bualuang Sustainable Investing Portfolio (the Master Fund) which focuses on investing in companies around the world driving sustainability.

Bualuang Global Innovation & Technology Super Savings Fund

The Fund invests in the investment units of Bualuang Global Innovation and Technology Fund (the Master Fund) investing in the equities issued by global companies which are focused on technological advancement.

BCAP Global Wealth Super Saving Fund

The Fund diversifies investments in both domestic and overseas assets.

Additional Information for RMF

Tax Benefits for RMF
  • Investments made from January 1, 2020

    You can claim the actual amount of your RMF investment for a tax deduction of not more than 30% of your taxable income and not more than 500,000 baht in total for that tax year. The tax deduction covers investments in RMF, Super Savings Fund (SSF), provident funds, government pension funds, private teacher aid fund contributions, national savings fund and annuity insurance premiums.

  • Investments made before December 31, 2019

    You can claim the actual amount of your RMF investment for a tax deduction of not more than 15% of your taxable income and not more than 500,000 baht in total for that tax year. The tax deduction covers investments in RMF, provident funds, government pension funds, private teacher aid fund contributions, national savings fund and annuity insurance premiums.
Investment Conditions for RMF
  • Annual investment is required until the investor is 55 years old without a minimum investment amount required. Investments made before January 1, 2020 had a required minimum investment amount of at least 3% of your taxable income for any individual tax year or 5,000 baht, whichever amount is lower. However, a grace period of one year is acceptable or in the years that the investor has no income.
  • Investment of RMF must be held continuously for 5 or more years from the first date of investment (counting from the first investment date to the anniversary date) and can be redeemed when the investor is at least 55 years old. Investments made before March 1, 2008 can be redeemed on or after the date of the 5-year anniversary of the first investment (counting from the first investment date to the anniversary date).
Breaches of RMF Investment Conditions
  1. In the case that investments held for less than 5 years from the first date of investment (counting from the first investment date to the anniversary date), conditions are breached. Investors are required to:
    • Return the entire amount of the relevant tax exemptions to the Revenue Department
    • If there are capital gains incurred from redemption, investors are required to:
      -  Pay withholding taxes according to the Revenue Code Section 50(2) calculated according to their tax rates
      -  Incorporate the capital gains incurred from redemption as a taxable income 

     

  2. For investments held for 5 or more years from the first date of investment (counting from the first investment date to the anniversary date) and with no grace period for more than one year regarding the minimum investment, redemption made before the age of 55 (does not apply to investments made before March 1, 2008). Investors are required to:
    • Return the entire amount of the relevant tax exemption received for the past 5 calendar years to the Revenue Department (starting from the year prior to the one when conditions were breached)
    • File a tax deduction repayment to the Revenue Department by the end of March, in the year following the breach of conditions. If there is a delay in repayment, investors will need to pay a surcharge at the monthly rate of 1.5% on the exempted tax amount.

 

Breaches of investment conditions 1 to 2 are not applicable in the event of death or disability of the investor, in accordance with the conditions of the Revenue Department.

Additional Information for SSF

Tax Benefits for SSF
  • Investment between April 1, 2020 - June 30, 2020

    You can claim the actual amount of your SSF investment for a tax deduction of not more than 200,000 baht (special additional investment) in total. This investment will not be combined with investments in Retirement Mutual Funds (RMF), Super Savings Funds (SSF) during the regular time, provident funds, government pension funds, private teacher aid fund contributions, national savings funds and annuity insurance premiums.

  • Investment between July 1, 2020 - December 31, 2024

    You can claim the actual amount of your SSF investment for a tax deduction of not more than 30% of your taxable income and not more than 200,000 baht in total for that tax year. The tax deduction must not be more than 500,000 baht when combined with investments in Retirement Mutual Funds (RMF), provident funds, government pension funds, private teacher aid fund contributions, national savings funds and annuity insurance premiums.
Investment Conditions for SSF
  • An investment of SSF must be held continuously for 10 or more years from the first date of investment (counting from the first investment date to the anniversary date), but not applicable in the event of disability or death of the investor.
  • Redemption of the investment unit is on a First In, First Out (FIFO) basis.
  • An investment of SSF can a claim tax deduction only in the year an investor invests in SSF.

If in breach of SSF investment conditions, investors must follow regulations stated in the SSF handbook.
In the case that the investment exceeds tax privileges
  • Investments that exceed tax privileges are not eligible for tax deductions.
  • Capital gains incurred from redemption of the investment which exceed tax privileges must be incorporated into other income as taxable income.
In the case that the tax privilege was acquired, and the investor breached conditions
The investor is required to:

  1. Pay income tax for the tax year during which the investment was deducted from income tax for exemption.
  2. Pay a surcharge to the Revenue Department at the 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 remittance period of the year during which 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.
  3. If there are capital gains incurred from redemption,
  • Pay withholding taxes according to the Revenue Code Section 50(2) calculated according to relevant 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 death or disability of the investor in accordance with conditions of the Revenue Department.

In this regard, investors must comply with the regulations stated in the SSF handbook.
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, returns conditions, risks, fund performance, and tax benefits in the RMF/SSF handbook, as well as investment conditions and breaches of investment conditions or investors can ask for information from an investment consultant before deciding to invest.
  • The off-shore investment funds have no currency risk-protection policy for all of their value. Investors may experience currency losses or profits or receive a return less than their initial investment.

For more information, or to request a prospectus, please contact Bangkok Bank, call 1333
BBL Asset Management, call (66) 0 2674 6488 press 8 or visit www.bblam.co.th
BCAP Asset Management, call (66) 0 2618 1599 or visit www.bcap.co.th

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