Dealing
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 SIF
- 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 |
MINIMUM 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). |
FLEXIBLE SIP
INVESTMENT FREQUENCY |
Monthly. |
MINIMUM INVESTMENT AMOUNT |
Minimum VND10,000 per month. |
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 closest dealing date after the Fund receives money for the Flexible Systematic Investment Plan of the Investor. |
* 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.
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 VLGF. |
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: VLGF 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 VLGF
|
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 |
90435575025 |
FIXED SIP |
2 |
SSIAM |
90435575024 | FLEXIBLE SIP |
3 | FINCO | 90435575026 | FLEXIBLE 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 VLGF. |
TRADING OVERVIEW
SUBSCRIPTION AMOUNT |
Minimum VND10,000 |
REDEMPTION |
02 (Two) Fund Certificates
|
DEALING DATE |
Every working day (Day T) |
CUT-OFF TIME |
14:40 pm on Day T-1 |
DEALING INSTRUCTIONS
SUBSCRIPTION ORDER
|
INSTRUCTION |
NOTES |
STEP 1 | Transfer of Subscription money from the Indirect Investment Capital Account |
Before 15:00 on Day T-1 Transfer Details: Recipient: VLGF 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 VLGF
|
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 |
90435575005 |
Benificiary name: VLGF
Benificiaty bank: Standard Chartered Bank (Vietnam) Limited
|
2 |
SSIAM |
90435575004 |
|
3 |
FINCO |
90435575006 |
REDEMPTION ORDER
|
INSTRUCTION |
NOTES |
STEP 1 |
Complete Redemption Form and submit to Distributor |
Before 15:00 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) |