Bualuang fund Part 8
The Bualuang Thanarat 8/49 Mutual Fund is on offer at Bangkok Bank branches nationwide until Wednesday.
The eighth mutual fund in the Bualuang Thanarat series this year offers Bt3 billion of investment units that will automatically redeem at a minimum 4.85 per cent per annum.Bangkok Bank vice president Suyanee Puripanyawanich said mutual funds in the series offered secure, short-term investments that carry low risk, gave a better return than deposit rates, and were exempt from personal income tax. The fund invests in government debt instruments, such as treasury bills and bonds, as well as bonds issued by the Bank of Thailand. Investment units are priced at B10 apiece with a minimum purchase of Bt10,000. The fund can be extended by Bt450 million if it receives strong interest. The fund, managed by BBL Asset Management, has a maturity of 11 to 12 months and individual investors will receive the return investment in full as it is exempt from personal income tax.
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