Krungsri Asset Management Company Limited (the “Management Company”) would like to inform you of the amendments to the fund project of Krungsri India Equity Fund (KF-INDIA) which have been approved by the Office of the Securities and Exchange Commission. The material details of which are as follows:
1. Change of “Fund Code” as follows:
| Old Fund Code |
New Fund Code |
| KF-INDIA |
KFINDIA |
2. Classification of Investment Units: Change from originally “No classification of investment units”
to “The investment units are classified into 3 share classes, i.e., Accumulation Share Class, Dividend Share Class and Institutional Share Class, in order to provide investors with more alternatives.” as follows:
| Share Class after Amendment of Fund Project |
Description of Share Class |
| Krungsri India Equity Fund-A (Fund code: KFINDIA-A) |
Accumulation Share Class:
Suitable for general investors who want to earn capital gains and accumulative total return. |
| Krungsri India Equity Fund-D (Fund code: KFINDIA-D) |
Dividend Share Class:
Suitable for general investors who want to receive regular income from dividend payment. Juristic person/institutional investors are entitled to tax privileges upon compliance with the rules/conditions set forth by the Revenue Department. |
| Krungsri India Equity Fund-I (Fund code: KFINDIA-I) |
Institutional Share Class:
Suitable for investors who are juristic persons, investors who purchase unit-linked insurance policy, investor groups, and/or institutional investors as specified by the Management Company, who want to earn capital gains and accumulative total return. |
In addition, the Management Company has also made amendments to the fund project in other aspects related to classes of units including dividend payment, redemption of investment units, fees and expenses, liquidity risk management tools of the fund, calculation method, calculation period, announcement of net asset value, unit value and unit price, the voting rights to make the amendments of the fund project or amendments to the management method, restrictions on holding of investment units, and restrictions on exercise of voting rights. All the afore-mentioned amendments
will have no impact on the investment policy and/or the investment portfolio of the Fund and will not affect the rights of unitholders of the existing classes of unit at all.
3. Adding an investment service through a unit-linked product to enhance investment transaction coverage.
An investor who intends to purchase an investment unit linked may contact your life assurance company or an agent of the life assurance company. 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 policy.
The above amendments will be in effect on
23 April 2024 onwards and the Management Company will commence selling Institutional Share Class (KFINDIA-I) on
23 April 2024 onwards.
The existing unitholders of KF-INDIA whose name appears on the Unitholders’ registration book before 23 April 2024 shall be regarded as the unitholders of the Accumulation Share Class (KFINDIA-A) only. Besides, the unitholders who already have a passbook of the existing fund can use the original passbook for making trading transactions of the investment units as usual. In the Case that the Institutional Share Class of investment units have been open for subscription by the Management Company, the Unitholders can request a new passbook for trading of the Intuitional Share Class of investment units from any branch of Bank of Ayudhya nationwide or the relevant selling agents.
Should you have any queries, please contact your account manager or our Client Service at 02-657-5757 press 7 for English and press 2 or via email at krungsriasset.clientservice@krungsri.com.
Please be informed accordingly.