Bangkok--16 Jun--Bualuang
The Bualuang Thanarat 8/49 Mutual Fund is now on offer at Bangkok Bank branches nationwide until June 21, 2006. The eighth mutual fund in the Bualuang Thanarat series this year offers Baht 3 billion of investment units that will automatically redeem at a minimum rate of 4.85 percent per annum.
Bangkok Bank Vice President Suyanee Puripanyawanich said mutual funds in the Bualuang Thanarat series offered investors secure, short term investments that carried low risk, offered a better return than deposit rates, and were exempt from personal income tax.
Bualuang Thanarat 8/49 invests in government debt instruments, such as treasury bills, government bonds, and bonds issued by the Bank of Thailand. Investment units are priced at Baht 10 apiece with a minimum purchase of Baht 10,000. The fund can be extended by another Baht 450 million if it receives strong interest.
Bualuang Thanarat 8/49 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.
The Bualuang Thanarat 8/49 Mutual Fund is managed by BBL Asset Management (BBLAM) and distributed by Bangkok Bank. Investors can purchase the Bualuang Thanarat 8/49 Mutual Fund at any Bangkok Bank branch nationwide. For further information, investors can also contact Bualuang Phone 1333, or BBL Asset Management on 0-2679-6400, or at www.bblam.co.th .