Announcement: Amendment to the Investment Guidelines of SCBCTECH

18 May 2021
       SCB Asset Management Company Limited (the Management Company) would like to notify all unitholders that the SEC has granted an approval to the Management Company on 14th May 2021 to amend the investment guidelines of SCB China Technology (SCBCTECH) with the addition of the E-channel Class for the unitholders can invest through Mobile Application and the Super Saving Class (SSF), to be an optional tax benefit investment for unitholders, details as follows:
 
Subject Amendment
Share Class Categorization

Add:
- E-channel Class (SCBCTECHE)
Suitable for investors who do the transaction through electronic channel for example SCB Easy, SCBAM Fund Click and other electronic channel that the Management Company will further determine. 

- Super Saving Class (SCBCTECH-SSF)
Suitable for investors who seek long-term savings while receiving tax benefits. Investment into the Super Saving Class can be used for personal income tax deduction provided that investors comply with the regulations, procedures, and conditions prescribed by the Revenue Department and/or the authorities.

Minimum amount required for initial subscription/ subsequent subscription/ redemption, and minimum required account balance
  E-channel Class Super Saving Class
Minimum initial subscription 1 baht 1,000 baht
Minimum subsequent subscription 1 baht 1,000 baht
Minimum redemption amount 1 baht No limitation
Minimum redemption investment units No limitation No limitation
Minimum account balance 1 baht No limitation
Minimum account balance investment units No limitation No limitation

Remark: The Management Company reserves the right to refuse subscription order and / or switching in orders. If the outstanding investment units and the net subscription and the net switching in of each the unitholders' accounts and / or unitholders of E-channel Class, total amount combined of all funds under management of the Management Company exceeds 1 million baht.

Dividend Payment

• Dividend Policy:

- E-channel Class: NO

- Super Saving Class: Yes

• Dividend payment conditions:

Dividends for the Super Saving Class can be paid out when the Fund has retained earnings, and only when the payment of dividends would not cause the Fund to accumulate losses in the accounting period.

Each payment of dividends shall be conducted according to one of the following terms:

(1) Paid from dividends or interest income from assets of the Fund;

(2) Paid up to 30 percent of the said retained earnings, or of the net profit in the accounting period based on whichever has the lower value.

Switching of Investment Units

•  Investment units of the SSF class can be switched as per the following procedures:

  • Switching of investment units between the SSF/SSF class of units of other funds under management of the Management Company.
  • Switching of investment units between other mutual funds under management of the Management Company (as specified by the Management Company) and the SSF/SSF class of units of the fund under management of the Management Company.
  • Switching of investment units between the SSF/SSF class of units of the fund under management of the Management Company and the SSF under management of other asset management companies.

•  In this regard, at the initial stage the service of switching of investment units between the SSF/SSF class of units of the fund under management of the Management Company and the SSF under management of other asset management companies is not available.

•  In the case that the unitholders instruct the Management Company to switch the investment units of (or transfer the investment of) the SSF class to other SSF/SSF class of units, the Management Company shall proceed to transfer the investment funds together with all interests within 5 business days from the date on which the instruction is received from the unitholders except otherwise approved or specified by the SEC or the SEC Office.

•  In case of fund switching upon “dissolution of the fund” which is undertaken in accordance with the conditions of fund dissolution, the Management Company shall proceed to transfer the investment of the unitholders to another SSF/SSF unit class having the investment objective or risk level similar to that of the old fund, or to the SSF/SSF class of units having the lowest risk level, etc.  The decision shall be made at the discretion of the Fund Manager and in line with the situation at each point of time.

Conditions and restrictions on the allocation and transfer of investment units Investment units of the Super Saving Class may not be sold, transferred, pledged or used as collateral.

 

       The following subjects shall be amended accordingly with the amendments above : definitions, post-IPO offerings, investment unit redemption, fees and expenses charged to the Fund and the subscribers or the unitholders, calculation methods, calculation schedule and announcement of net asset value , NAV per unit and unit price, rules and procedures for cases of investment unit value errors, and other related conditions.

       The Management Company will offer the E-channel Class to be effective from 21th May 2021 and for the Super Saving Class the Management Company will notify the effective date of the service in advance through www.scbam.com.

       Unitholders may contact Customer Relations at Tel. 0-2777-7777 ext. 0 ext. 6 during business days between 08.30 – 17.00 for any further inquiry.

       Please be informed accordingly.

 

Announced on 18th May 2021
SCB Asset Management Company Limited

SCBAM

Suggested Fund

SCBLEQ

SCB LOW VOLATILITY EQUITY FUND (Dividend)

SCBLEQA

SCB LOW VOLATILITY EQUITY FUND
(Accumulation)

SCBRMLEQ

SCB Low Volatility Equity RMF

SCBGEARA

SCB Global Equity Absolute Return Fund (Accumulation)

SCBSPICYA

SCB Mixed – Spicy Fund (Accumulation)

SCBINCA

SCB Income Fund (Accumulation)

SCBINCR

SCB Income Fund (Auto Redemption)

SCBROBOA

SCB Global Robotics Fund (Accumulation)