Dealing

SSI SUSTAINABLE COMPETITIVE ADVANTAGE FUND
32,013.55
-335.64 (-1.04%) Updated at 22/09/2023

Dealing

WHAT IS SYSTEMATIC INVESTMENT PLAN (SIP)?

SIP is a periodical investment plan, in which investors will transfer a pre-determined capital amount (monthly or quarterly) to purchase fund shares.

BENEFIT OF SIP

  • Exemption of subscription fee
  • Maximize of long-term capital return
  • Maintain investment discipline
  • Investor’s average cost of investment per Fund Unit is lower than average selling price, regardless of the fluctuations of fund certificate price

Quarter

Price (NAV/Fund Unit)

Amount Invested

Number of Fund Certificates distributed

1

10,000

3,000,000

300

2

12,000

3,000,000

250

3

15,000

3,000,000

200

4

11,000

3,000,000

272.72

Total

 

12,000,000

1022.72

Investor’s average cost of investment per Fund Unit is: 12,000,000/1,022.72 = 11,733 VND/Fund Unit

Average Selling Price/Subscription Price= (10,000 + 12,000 + 15,000+ 11,000)/4 = 12,000

SIP OVERVIEW

FIXED SIP

INVESTMENT FREQUENCY

Monthly or Quarterly

INVESTMENT AMOUNT

Minimum VND10,000 per month or VND30,000 per quarter.

MINIMUM INVESTMENT DURATION

Minimum of 12 continuous payment period for monthly SIP or 4 continuous payment periods for quarterly SIP*

CUT-OFF TIME

5:00 p.m. on the tenth of every month (for monthly SIP) or on the tenth of January, April, July and October (for quarterly SIP). If the tenth day falls on a public holiday, the payment deadline will be at 5:00 p.m. the working day preceding the tenth (for monthly SIP) or the working day preceding the tenth of January, April, July and October (for quarterly SIP).

DEALING DATE

Dealing date is the closest dealing date after the 10th of each month (monthly SIP) or on the 10th of January, April, July and October (quarterly SIP).

 

*  If Investor discontinues SIP before the minimum investment duration, when selling the Fund units or switch to other funds, Investor shall pay an exit fee of 0.75% of the redemption amount or the switch-out amount in addition to the normal Redemption Fee/Switching Fee.

 

FLEXIBLE SIP

INVESTMENT FREQUENCY

Monthly 

INVESTMENT AMOUNT

Minimum VND10,000 per month and not required to pay a fixed amount each period. The Investor can invest any amount equal to or larger than the minimum requirement. The amount can be changed at any period.

MINIMUM INVESTMENT DURATION

No participation duration.

CUT-OFF TIME

Date of payment could be any working day of the month.

DEALING DATE

Dealing date is the nearest date after the Fund receives money for the Flexible SIP of the Investor (thus, every dealing date could be a SIP date).

 

*  Note: - Amount of order allotment  is one (01) order/ month, alloted on the nearest Dealing date (after the money is credited to the Fund's account) for the total amount the Fund receives up to that date.

             - The Flexible SIP is discontinued after three (03) months since the last subscription transaction of investors.

 

INVESTMENT GUIDE FOR FOREIGN INVESTORS

 

INSTRUCTION

NOTES

STEP 1

Apply for Securities Trading Code

Application submitted to Vietnam Securities Depository (VSD) – contact SSI Securities Corporation (SSI) for assistance.

STEP 2

Open Foreign Indirect Investment Capital Account

Application submitted to any commercial banks in Vietnam

STEP 3

Open an open-ended fund trading account

At SSI or any designated distributors of SSI-SCA.

 

SIP SUBSCRIPTION ORDER

  INSTRUCTION NOTES
STEP 1 Transfer of SIP Subscription money from the Indirect Investment Capital Account

Monthly or quarterly. Make sure investment capital is transferred to the Fund’ designated account before 17:00 on the 10th of each month (monthly SIP) or on the 10th of January, April, July and October (quarterly SIP)

Transfer Details:

Beneficiary: SSI-SCA

Bank account: in accordance to each Distributor’s

At Bank: Standard Chartered Bank (Vietnam) Limited

Transfer amount: The registered SIP subscription amount

Description:

[Investor Name][Open-ended Fund Account Number] buy SIP SSISCA
STEP 2

Complete SIP Subscription Form and submit to Distributor.

Before 14:40 on Day T-1
STEP 3 Receive transaction confirmation Within 03 working days after Dealing Date (Day T)

FUND BANK ACCOUNT AT SUPERVISORY BANK

Investor transfers SIP investment capital to the bank account associated with the Distributor at which their open-ended fund trading account was registered.

 

DISTRIBUTOR

ACCOUNT NUMBER

 SIP TYPE 

1

SSI

90275350212

FIXED SIP

2

SSIAM

90275350214

FLEXIBLE SIP

3

VCBS

90275350215

FIXED SIP
4
 
MAS
 
90275350220 FIXED SIP
5 FINCO 90275350223 FIXED SIP
6 TVS 90275350222 FIXED SIP

INVESTMENT GUIDE FOR FOREIGN INVESTORS

 

INSTRUCTION

NOTES

STEP 1

Apply for Securities Trading Code

Application submitted to Vietnam Securities Depository (VSD) – contact SSI Securities Corporation (SSI) for assistance.

STEP 2

Open Foreign Indirect Investment Capital Account

Application submitted to any commercial banks in Vietnam

STEP 3

Open an open-ended fund trading account

At SSI or any designated distributors of SSI-SCA.

 

TRADING OVERVIEW

SUBSCRIPTION AMOUNT

Minimum VND10,000

REDEMPTION

2 Units

DEALING DATE

Every working day (Day T)

CUT-OFF TIME

14:40pm on Day T-1

 

DEALING INSTRUCTIONS

 

SUBSCRIPTION ORDER

 

INSTRUCTION

NOTES

STEP 1 Transfer of Subscription money from the Indirect Investment Capital Account

Before 17:00 on Day T-1

Transfer Details:

Recipient: SSI-SCA

Bank account: in accordance to each Distributor’s

At Bank: Standard Chartered Bank (Vietnam) Limited

Transfer amount: The registered subscription amount

Description:

[Investor Name][Open-ended Fund Account Number] buy SSISCA

STEP 2

Complete Subscription Form and submit to Distributor.

 

Before 14:40 on Day T-1

STEP 3

Receive transaction confirmation

Within 03 working days after Dealing Date (Day T)

FUND BANK ACCOUNT AT SUPERVISORY BANK

Investor transfers investment capital to the bank account associated with the Distributor at which their open-ended fund trading account was registered.

 

DISTRIBUTOR

ACCOUNT NUMBER

BENIFICIARY NAME AND BENIFICIARY BANK

1

SSI

90275350203

Benificiary name: SSI-SCA
Benificiaty bank: Standard Chartered Bank (Vietnam) Limited

2

SSIAM

90275350205

3

VCBS

90275350204

4

ACBS

90275350206

5

HSC

90275350207

6

MBS

90275350208

7

VNDIRECT

90275350209

8

BVSC

90275350211

 
9
 
CSI 90275350216

10

FINCO

90275350218

11
 
MAS
 
90275350219
12 TVS 90575350221

 

REDEMPTION ORDER

 

INSTRUCTION

NOTES

STEP 1

Complete Redemption Form and submit to Distributor

Before 14:40 on Day T-1

 

STEP 2

Receive Trading Confirmation

Within 03 working days after Dealing Date  (Day T)

STEP 3

Receive Redemption Payment

To Investor’s Indirect Investment Capital Account within 05 working days after Dealing Date (Day T)

 

TAXES APPLIED FOR FOREIGN INVESTORS

Investors

Tax on Investor arising from

 

Dividend payment

Redemption Fund Unit

Gift/Inheritance

Residential individuals

5%

0.1% of transaction value (1)

10% of securities value higher than VND 10 million

Non-residential individuals

5% (1)(2)

0.1% of transaction value (1)

10% of securities value higher than VND 10 million

Foreign Institutions

- Exempt if distributed dividend are after tax-profit

- 22% from 1/1/2014 and 20% from 1/1/2016 if tax-profit has not been deducted (1)

0.1% of transaction value (1)

0.1% of transaction value (1)(3)

(1) Tax withheld at source.

(2) An individual is not required to pay personal income tax when receiving dividend of stocks/fund units but shall pay the income tax for capital investment and securities transfer when transferring these stocks (Point d, Clause 2, Article 11 Circular 111/2013/TT-BTC).

(3) There is no specific regulation on taxation of foreign institutional investors receiving gift/inheritance in the form of securities. However, giving gift/inheritance shall result in the transaction of securities transfer. Under the Decision 218, tax rate of 0.1% of the securities transfer value shall be applied. Accordingly, Investors may have to pay for the tax rate of 0.1% transaction values when receiving gift/inheritance.

SSI