Krungsri Asset Management Co., Ltd. (the “Management Company”) would like to notify you of amendment to the Fund Project of 7 mutual funds under management which has been approved by The Securities and Exchange Commission as particularly described below.
1. Addition of Service for Trading of Unit Linked Insurance Funds to expand the service for investment transactions – totaling 6 funds: Krungsri Star Plus Fund (KFSPLUS), Krungsri Star Multiple Fund (KFSMUL), Krungsri Star Equity Fund (KFSEQ), Krungsri Value Stock Fund (KFVALUE), Krungsri Oriental Flexible Fund (KF-ORTFLEX) and Krungsri Greater China Equity Hedged Dividend Fund (KF-HCHINAD) with the amended material content as follows:
(1) An investor who intends to acquire a unit linked may subscribe to these funds in conjunction with their life assurance policy. Simply contact your life assurance company or an agent of the life assurance company. Acquiring a unit linked may be subjected to specific terms and conditions that differ from a straightforward subscription of unit trusts on its own.
(2) The life assurance company is obligated to deliver the redemption amount to customers within 5 business days following the date of the calculation of net asset value, net asset value per share, and unit price. Proceeds from redemptions will be paid according to the methods prescribed by the life assurance company as described in the unit linked.
(3) In addition to normal redemptions described above, the life assurance company may set an automatic redemption feature by instructing that redemptions take place every month to obtain funds to cover various costs such as life assurance coverage, operating expenses, and administration of the life assurance plan. These costs may be lower than estimates stated in the project.
(4) Potential customers who intend to purchase unit linked are advised to review the details of the unit linked plan including all sales documents related to the plan before subscribing.
2. Amendment to the Minimum Value of Subscription of Krungsri Collective Global Income Fund (KF-CINCOME). The Management Company reserves the right to grant exemption for minimum value for subscription or switching in (if any) in the first transaction to certain life insurance companies whose names are specified in the “Fact Sheet” and the "Mutual Fund Prospectus". Investors who subscribe to unit-linked insurance funds of life insurance companies exempted from the above requirement must be high net worth individual whose assets in combination with the spouse’s assets meet one of the following criteria:
(a) having net asset value of 50 million Baht or more excluding the property used as his/her permanent residence;
(b) having annual income of 4 million Baht or more;
(c) having direct investment in securities or derivatives of 10 million Baht or more.
The aforementioned amendments to the funds will be effective 1 June 2016 onwards.
If you have further inquiries, please contact your account manager or our Customer Relations officer at 02-657-5757 Press 2, or via E-mail at krungsriasset.clientservice@krungsri.com
Please be informed accordingly.