Bangkok--5 Oct--TMB
TMB and ING Funds challenge status quo by offering Thailand’s first-of-its kind 100%-capital protected fund with target return Available exclusively at TMB during IPO period of 8-12 October
TMB breaks the industry norms to Make THE Difference to customers by collaborating with ING Funds (Thailand) to offer a first-of-its kind 100%-capital protected fund, with target return objective and attractive annual return while the initial investment value is fully protected, Kanchana Rojvatunyu, TMB Head of Retail Marketing.
Exclusively available only at TMB branches nationwide, “ING Thai Capital Protected Click 5% Fund” is a new open-end fixed income fund which will invest in the Thai government bond and/or state enterprise bond guaranteed by the Thai government, the Bank of Thailand bond, bill of payment, commercial bank deposits and/or other low-risk assets. The fund’s one-time subscription is open during the initial public officering (IPO) period from 8 to 12 October, at an offering price of 10 baht per unit, with a minimum investment of 2,000 baht. The highlights of the Fund include 100% initial capital protection, expected return of 3% per year throughout the 3-year lifespan of the fund and a target return of 5% where automatic redemption will take place within five days after the net asset value (NAV) hits 10.50 baht. Moreover, the return on this investment is tax-free for non-juristic customers.
Mrs. Kanchana said, “TMB is customer-centric. We seek to thoroughly understand our customers and strive to meet customer needs for better benefits. Under the theme ‘transactional banking that connect you to your community’, we have set out to provide financial products and services which are hassle-free, easy, quick and value for money to create value for our customers. We innovate to stay ahead of customer needs and serve them with what they would realize afterwards that they can’t live without. In term of capital investment, we aim to design and select the right investment products to connect our customer to the investment community.
“Based on our latest in-depth study with deposit customers and those who have never been exposed to mutual funds before or the low risk appetite group, the key factor which could influence them to invest in a mutual fund for the first time is ‘capital protection’ feature. However, TMB sees that we could Make THE Difference to our customers by offering an opportunity to even gain higher value from a capital protected low risk fixed income mutual fund which is optimized with the target return feature. ‘ING Thai Capital Protected Click 5% Fund’ is just the right response to the needs. The Fund is a good choice of investment for the customers who believe the deposit interest rate is on a downward trend and want to benefit from higher return in such event whilst their initial funds remain fully protected. The minimum possible return of the fund is also considerably higher than what the traditional deposit products yield especially with the effect of tax on interest earned on term deposits,
Interested investors may subscribe for “ING Thai Capital Protected Click 5% Fund” only at TMB Bank. Subscription is open once only during the IPO period of 8-12 October. For enquiries, contact TMB branches nationwide or ING Funds (Thailand) on 02 688 7777 Ext. 2.