Dealing

SSI BOND FUND

11,751.84

12.72 (0,11%)
Updated at 15/10/2019

Dealing

WHAT IS SYSTEMATIC INVESTMENT PLAN (SIP)?

SIP is a periodical investment plan, in which investors will transfer a pre-determined capital amount (monthly or quarterly) to purchase fund shares.

BENEFITS OF SIP

  • Exemption of subscription fee
  • Maximize of long-term capital return
  • Maintain your investment discipline
  • Investor’s average cost of investment per Fund Unit is often lower than average selling price, regardless of the fluctuations of fund certificate price

Quarter

Price (NAV/Fund Unit)

VND

Amount Invested

Number of Fund Certificates distributed

1

10,000

3,000,000

300

2

12,000

3,000,000

250

3

15,000

3,000,000

200

4

11,000

3,000,000

272.72

Total

 

12,000,000

1022.72

 

Investor’s average cost of investment per Fund Unit is: 12,000,000/1,022.72 = 11,733 VND/Fund Unit

Average Selling Price/Subscription Price= (10,000 + 12,000 + 15,000+ 11,000)/4 = 12,000

SIP OVERVIEW

INVESTMENT TYPE

Monthly or Quarterly

MINIMUM INVESTMENT AMOUNT

Minimum VND 1 million per month or VND 3 million per quarter.

MINIMUM INVESTMENT DURATION

Minimum 12 continuous payment period with monthly SIP or 4 continuous payment period with quarterly SIP

CUT-OFF TIME

17:00 on the 10th of each month (monthly SIP) or on the 10th of January, April, July and October (quarterly SIP).

DEALING DATE

Dealing date is the closest dealing date after the 10th of each month (monthly SIP) or on the 10th of January, April, July and October (quarterly SIP).

 

 

* If investor discontinues SIP before the minimum investment duration, when selling the Fund units or switch to other funds, Investor shall pay an exit fee of 0.75% of the redemption amount or the switch-out amount in addition to the normal Redemption Fee/Switching Fee.

INVESTMENT GUIDE FOR FOREIGN INVESTORS

 

INSTRUCTION

NOTES

STEP 1

Apply for Securities Trading Code

Application submitted to Vietnam Securities Depository (VSD) – contact SSI Securities Corporation (SSI) for assistance.

STEP 2

Open Foreign Indirect Investment Capital Account

Application submitted to any commercial banks in Vietnam

STEP 3

Open an open-ended fund trading account

At SSI or any designated distributors of SSIBF.

 

SUBSCRIPTION ORDER

 

INSTRUCTION

NOTES

STEP 1

Transfer of Subscription money from the Indirect Investment Capital Account

Monthly or quarterly. Make sure investment capital is transferred to the Fund’ designated account before 17:00 on the 10th of each month (monthly SIP) or on the 10th of January, April, July and October (quarterly SIP)

Transfer Details:

Beneficiary: SSIBF

Bank account: in accordance to each Distributor’s

At Bank: Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) – Ha Thanh branch

Transfer amount: The registered subscription amount

Description:

[Investor Name][Open-ended Fund Account Number] buy SIP SSIBF

STEP 2

Complete Subscription Form and submit to Distributor.

 

Before 15:00 on Day T-1

STEP 3

Receive transaction confirmation

Within 03 working days after Dealing Date (Day T)

FUND BANK ACCOUNT AT SUPERVISORY BANK

Investor transfers SIP investment capital to the bank account associated with the Distributor at which their open-ended fund trading account was registered.

 

DISTRIBUTOR

ACCOUNT NUMBER

1

SSI

12210001536603

2

SSIAM

12210001536597

 

INVESTMENT GUIDE FOR FOREIGN INVESTORS

 

INSTRUCTION

NOTES

STEP 1

Apply for Securities Trading Code

Application submitted to Vietnam Securities Depository (VSD) – contact SSI Securities Corporation (SSI) for assistance.

STEP 2

Open Foreign Indirect Investment Capital Account

Application submitted to any commercial banks in Vietnam

STEP 3

Open an open-ended fund trading account

At SSI or any designated distributors of SSIBF.

 

TRADING OVERVIEW

SUBSCRIPTION AMOUNT

Minimum VND 1 million

REDEMPTION

No requirement

DEALING DATE

Every Tuesday (Day T)

CUT-OFF TIME

14:59pm on Day T-1

 

DEALING INSTRUCTION

SUBSCRIPTION ORDER

 

INSTRUCTION

NOTES

STEP 1

Transfer of Subscription money from the Foreign Indirect Investment Capital Account

Before 15:00 on Day T-1

Transfer Details:

Recipient: SSIBF

Bank account: in accordance to each Distributor’s

At Bank: Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) – Ha Thanh branch

Transfer amount: The registered subscription amount

Description:

[Investor Name][Open-ended Fund Trading Account Number] buy SSIBF

STEP 2

Complete Subscription Form and submit to Distributor.

Before 15:00 on Day T-1

STEP 3

Receive transaction confirmation

Within 03 working days after Dealing Date (Day T)

 

FUND BANK ACCOUNT AT SUPERVISORY BANK

Investor transfers subscription money to the bank account associated with the Distributor at which their open-ended fund trading account was registered.

 

DISTRIBUTOR

ACCOUNT NUMBER

1

SSI

12210001282562

2

SSIAM

12210001282571

 

REDEMPTION ORDER

 

INSTRUCTION

NOTES

STEP 1

Complete Redemption Form and submit to Distributor

Before 15:00 on Day T-1

STEP 2

Receive Trading Confirmation

Within 03 working days after Dealing Date (Day T)

STEP 3

Receive Redemption Payment

To Investor’s Foreign Indirect Investment Capital Account within 05 working days after Dealing Date (Day T)

 

TAXES APPLIED FOR FOREIGN INVESTORS

Investors

Tax on Investor arising from

 

Dividend payment

Redemption Fund Unit

Gift/Inheritance

Residential individuals

5%

0.1% of transaction value (1)

10% of securities value higher than VND 10 million

Non-residential individuals

5% (1)(2)

0.1% of transaction value (1)

10% of securities value higher than VND 10 million

Foreign Institutions

- Exempt if distributed dividend are after tax-profit

- 22% from 1/1/2014 and 20% from 1/1/2016 if tax-profit has not been deducted (1)

0.1% of transaction value (1)

0.1% of transaction value (1)(3)

(1) Tax withheld at source.

(2) An individual is not required to pay personal income tax when receiving dividend of stocks/fund units but shall pay the income tax for capital investment and securities transfer when transferring these stocks (Point d, Clause 2, Article 11 Circular 111).

(3) There is no specific regulation on taxation of foreign institutional investors receiving gift/inheritance in the form of securities. However, giving gift/inheritance shall result in the transaction of securities transfer. Under the Decision 218, tax rate of 0.1% of the securities transfer value shall be applied. Accordingly, Investors may have to pay for the tax rate of 0.1% transaction values when receiving gift/inheritance.

SSI