Announcement: Amendment to the Investment Guidelines of SCB CHINA A-SHARES FUND (SCBCHAFUND)

30 April 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 28th April 2021 to amend the investment guidelines of the above mentioned Fund with the addition of auditor' s name lists and the Super Saving Share Class (SSF), to be an optional tax benefit investment for unitholders, details as follows:

Subject Amendment
Share Class Categorization

• Share Class Category :
  - Super Saving Class for Tax Benefits  (SSF)

• Additional Information (Share Class Categorization)
Add : Super Saving Class (SCBCHA-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

Super Saving Class

Minimum initial subscription

1,000 baht

Minimum subsequent subscription

1,000 baht

Minimum redemption amount

No limitation

Minimum redemption investment units

No limitation

Minimum account balance

No limitation

Minimum account balance investment units

No limitation

Dividend Payment

• Dividend Policy :
-  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 Investment Units
  • The investment units of the Super Saving Class can be switched with other investment units according to the following conditions :
    - Switching investment units between the Super Savings Funds and the Super Savings Class of other funds under management of the Management Company;
    - Switching investment units between other funds under management of the Management Company (as specified by the Management Company) with the Super Savings Funds or the Super Savings Class under the management of the Management Company;
    - Switching investment units between the Super Saving Funds or the Super Savings Class under management of the Management Company and the Super Savings Funds under management of other management companies.

During this initial period, switching investment units between the Super Savings funds or the Super Savings Class under management of the Management Company and the Super Savings funds under management of other management companies is not yet possible.

  • In the event that the unitholder submits an order to switch (Investment Transfer) investment units of the Super Savings Class to the Super Savings Funds or other Super Saving Class, the Management Company will proceed to transfer the investment units together with all benefits within 5 business days from the date of  the order received, with the exception of the case in which the Board of the SEC or the Office of the Board of the SEC has announced otherwise.
  • In the event of "Termination of the Fund,” the unitholder’s investment units shall be transferred in accordance with the conditions for the termination of the Fund to another Super Saving Fund or Super Savings Class with similar investment policy and/or risk level, or to another Super Saving Fund or Super Savings Class with the lowest risk level, depending on the discretion of the Fund Manager and the market condition at the 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.
Name lists of the Fund’s auditor Adding name lists of the Fund’s auditor 
- Miss Rathapat Limsakul

 

         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 notify all unitholders of the service commencement date for the Super Saving Class 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 April 30, 2021
SCB Asset Management Co.,Ltd

SCBAM

Suggested Fund

SCBSE

SCB SELECTS EQUITY FUND (Dividend)

SCBSEA

SCB SELECTS EQUITY FUND (Accumulation)

SCBGSIF

SCB GLOBAL STRATEGIC INVESTMENT FUND (Accumulation)

SCBINCA

SCB Income Fund (Accumulation)

SCBINCR

SCB Income Fund (Auto Redemption)

SCBNK225

SCB JAPAN EQUITY FUND (Non Dividend)

SCBNK225D

SCB JAPAN EQUITY FUND (Dividend)

SCBMSE

SCB Mid/Small Cap Equity Fund (Accumulation)