DCA
Dollar Cost Averaging: DCA
A Smart Strategy for Mutual Funds Investments
What is DCA?
A service that facilitates investors to buy investment units of mutual funds in the same amount on a consistent schedule. The Bank will deduct regular amounts from your deposit or credit card accounts to buy investment units of selected mutual funds.
In addition, investors can determine the deduction date and the length of the deduction period.
What is the benefit of DCA?
- Make regular and consistent investments without worry
- Be disciplined in investment savings
- No need to monitor unpredictable and volatile markets
- Reduce the average cost of investment units purchased
How to subscribe to our DCA service
You can subscribe to our DCA service at any Bangkok Bank branch. Bring along these required documents:
- Citizen ID Card
- Mutual Fund passbook
- Savings account passbook or Bangkok Bank Credit Card
Or via Bangkok Bank Mobile Banking
Subscribe to DCA
Select "DCA" from the shortcuts menu (the + sign) of your preferred fund
or
Select your preferred fund and select “DCA” on the fund details screen
Then, read terms and conditions and select "Accept"
Select an account for direct debit and then select the
1) Monthly deduction amount
2) Starting and ending month and year
or select “Not specified” if you do not want to specify an ending period
3) Day of deduction,
No need to worry about volatile markets or market-timing if you use the DCA service to make wise and regular investments in mutual funds.
Remarks:
- If the date set for direct debit from deposit/credit card accounts or the service termination date falls on a non-working or non-trading day, the Bank will deduct money from a deposit/credit card account to buy investment units on the next business or trading day.
- If the date set for direct debit from a deposit/credit card account or the service termination date falls on a day that does not exist in some months, for example the 31st, the Bank will deduct money from a deposit/credit card account to buy investment units on the last business or trading day of that month.
- If the date set for direct debit from a deposit/credit card account or the service termination date falls on the last day of the month which is also a holiday, for example December 31st, the Bank will deduct money from a deposit/credit card account to buy investment units on the last business or trading day of that month.
- Direct debit from a credit card account can only be used for investment in RMF/Thai ESG.
- Investors using credit cards to pay for investment units of RMF/Thai ESG will not receive Bualuang Thank You Rewards points or cash back.
- Bangkok Bank credit cardholders can buy investment units of Thai ESG up to 300,000 baht/year/person, RMF up to 500,000 baht/year/person. The credit cardholder and mutual fund investor must be the same person.
- Any Bangkok Bank credit card is accepted (except Bangkok Bank American Express credit card, Purchasing credit card, Corporate credit card, and Bangkok Bank UnionPay credit card).
- Use credit cards only when necessary and repay the full amount by the due date to avoid 16% interest.
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/Thai ESG handbook, as well as investment conditions and breaches of investment conditions before deciding to invest.
- In case of non-compliance with tax conditions, the investor will not receive the benefits according to the Revenue Department's conditions.
