FAQ

1

Where To Inquire More Information on the Funds and Services of SCBAM?

Contact SCBAM Client Relations at Tel: 0 2777 7777 

2

Where Can I Obtain Prices or NAV of Funds?

Fund prices or NAV can be obtained from the website of SCB Asset Management Co., Ltd. (www.scbam.com )

3

When Is the Purchase or Sale Price of Open End Units Announced ?
  1. Initial subscription will have an offering price at par, which is normally 10 baht per unit (plus a purchase fee, if applicable).
  2. For regular transactions, the transaction price of the units will be disclosed after the completion of unit allotment.

4

What should I do if I want to change my personal data?

If you want to change your mailing address for receiving documents, mobile phone number and email address, you can change the data by yourself via SCBAM e-Service by selecting the menu of “Register for Service”.

 

If you want to change the title, name, family name and the bank account for receiving redemption proceeds, you can change the data through any branch office of Siam Commercial Bank, SCBAM and the selling agents.

5

What will be received by the investor as a proof of investment?

For open-end funds or term funds (close-end fund) with fund book service, the investor can choose to obtain either a fund book or a unitholder certificate (certificate of ownership).  In this regard, the investor opting for a fund book shall not be sent a unitholder certificate.

 

For funds without fund book service, the investor shall receive only a unitholder certificate. The unitholder certificate shall be sent to the investor within 7 business days from the transaction date.  For term funds, it shall be sent within 14 business days from the IPO closing date.

6

What are the channels and operating time for performing the transactions of SCBAM funds?

Investors can perform the transaction of purchase/redemption/switching of investment units through:

  • SCBAM Fund Click Application
  • SCB EASY Application
  • Any branch office of Siam Commercial Bank from 08.30 to 15.30 hrs.
  • Selling agents

Remark: The transaction cut-off time is subject to the operating date and time of each fund. For further details please refer to the prospectus of each fund.

7

Direct Deposit of Redemption Can Be Made To Which Type of Bank Account?

Savings account or checking account at Siam Commercial Bank Public Co., Ltd. The bank account name must match the fund account name.

8

Can Investors Open A Joint Account with "And/Or" in Account Name?

No. A fund account name cannot be named as joint accounts or consist of a name of a person below legal age. An investor opening a fund account must be at least 20 years old.

9

If I Want to Invest in Mutual Funds, How Do I Get Started ?

Apply to open a fund account at any convenient Siam Commercial Bank branch during the bank's operating hours. 

If you would like to invest through SCBAM Fund Click Applicatin, you can open account at following link; https://onlineaccount-fundclick.scbam.com

10

What Types of Returns Do Open End Funds Generate?

Investments in Open End Funds generate returns in two ways

  1. Capital Gains
  2. Dividends, However, dividends received depend on each fund's dividend policy. 

Investments in unit trusts of fixed income funds will receive returns in the form of interest income and generally contain less risk than investments in unit trusts of equity funds.

11

Where can I request a certificate of investment for tax deduction and other mutual fund documents?

You can download such documents by yourself via SCBAM e-Service.

12

What should I do if I want to exercise the right of tax deduction from investments in retirement mutual funds (RMF), super savings funds (SSF) and Thailand ESG fund (ThaiESG) under management of SCBAM?

You can make a request for exercising the right of tax deduction via SCBAM e-Service.  This is a one-time request and SCBAM shall submit your investment information to the Revenue Department by 15 January of each year.

 

*In the case where you invest in tax-saving funds through other asset management companies, you must make the request for exercising the right of tax deduction in accordance with the procedures prescribed by each relevant asset management company.

1

What Are The Fees Involved?

Private Fund fees include the following

  1. Management Fee that vary according to fund size and the investment policy selected by the client.
  2. Trustee Fee that vary according to fund size and financial institution chosen by the client.

2

What comprises a Private Fund?

The following are key components comprising a Private Fund

  1. The Investor who is the owner and titleholder to the assets owned by the fund. The investor is consistently kept informed by the investment management company and the investor will examine to ensure information provided by the investment management company is proper.
  2. An Investment Management Company is a securities company licensed by the Ministry of Finance, possessing qualified staff and operating procedures to mitigate conflict of interests. The investment management company manages the Private Fund in accordance with the investment policy jointly established with the investor. It prepares reporting disclosure on a monthly basis and ensures the investment process is effective.
  3. A Fund Trustee safekeeps the assets belonging to the accounts of the Private Fund. It is a financial institution that has the qualifications established by the SEC and is not associated with the investment management company.
  4. A Private Fund Auditor, having the necessary regulatory requirements, may audit and review the fund's accounts and documents, if the client requires.
  5. The Association of Investment Management Companies, in which every investment management company is a member, establishes the standards and best practices for the fund management industry.
  6. The Securities and Exchange Commission is a government agency established by the Securities and Exchange Act B.E. 2535 (1992) that lays out policies, regulations, guidelines and principles in its role to supervise and regulate the securities industry and its participants.
  7. Marketing Representatives service the Private Fund account belonging to each client, supplying information to the client and liaising with the investment management company. A Marketing Representative provides consultation and advice that is directly applicable to the client for the level of risk acceptable to the client.
  8. Fund Operations prepare reports submitted to the Private Fund client on a monthly basis (or as required by the client), which provides details regarding net asset values, fund performance, investment conditions, portfolio holdings, and transaction details, so that the client will be fully informed of the fund's progress.
  9. Portfolio Managers monitor the economy, investment climate, and formulate investment strategies for the fund, and reports on the past performance of the portfolio.

3

What choices of investment policies are available for Private Funds?
  1. Fixed Income Funds offer investments in cash deposits, promissory notes, treasury bills, government bonds, corporate debt and many other debt instruments, but these funds will not invest in equities. Their investment policies are low risk in nature.
  2. Balanced Funds provide a mixture of investments in fixed income, equities, and/or derivatives with clearly defined allocation weightings in equities at various levels to cater to clients' varied risk levels.
  3. Flexible Funds invest in both fixed income, equities, and/or derivatives but the allocation weightings in equities are not predetermined. The allocation between fixed income and equities is at the discretion of the portfolio manager.
  4. Equity Funds have an investment policy that focuses on equities such as common stocks, preferred stocks, and stock warrants.

4

What factors should we consider before making an investment decision?
  1. Level of expertise and understanding regarding investing
  2. Money to set aside for investment
  3. Investment objectives and targets
  4. Desired returns and acceptable level of risks
  5. Type of investment and investment horizon
  6. Tax considerations and limitations
  7. Time period expected to generate a return
  8. Personal preferences and limitations

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