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The Stock Exchange of Thailand (SET), together with the Association of Investment Management Companies (AIMC) and asset management firms, will hold the "Let's save tax and invest for retirement through LTF&RMF" fund fair on during December 18-21 in Bangkok to promote tax-incentive funds, consisting of long-term equity funds (LTFs) and retirement mutual fund (RMFs), in order to attract the target groups to higher yields and long-term investment, while beating inflation.
SET President Kesara Manchusree said SET and AIMC have held the event for 10 consecutive years this year with an aim to continue attracting individuals to invest via mutual funds as an alternative tool. Evidently, LTF and RMF have gained increasing popularity among investors at our previous and recent events due to the long-term investment feature with added tax benefit. Most LTF and RMF investors were young up-and-coming working people aged between 20-29 years, compared to previous years’ 30-39 average age. LTF and RMF were also a good starter investment for those investors who would later be looking for further investment in other equity funds, providing decent returns, dated back five years at 24 percent. The various types of mutual funds offering in the event would cover bond funds, equity funds, property funds, balanced funds, exchange traded funds and foreign investment funds.
AIMC Chairman
Worawan Tharapoom said, “As of November 28 this year, the fund industry had THB 3.84 trillion of net assets under management from the total of 1,572 funds inclusive of 131 RMFs worth THB 159.87 billion and 53 LTFs worth THB 256.49 billion. The number of unit holders has increased continuously, rising 6.02 percent from end-2013 to 4.04 million accounts (as of November, 2014). Statistically, from the investment behavior of LTF and RMF holders with tendency to crowd their purchases at year-end, we expect a substantial investment rise this December. Strategically, we suggest investors to gradually buy fund units throughout the year and take into consideration both risks and long-term returns, not only tax benefits. LTF returns dated back five years was at 25.87 percent (as of end-November, 2014).
The "Let's save tax and invest for retirement via LTF &RMF" fair will be held at Central World shopping center, downtown Bangkok, with more than 1,400 funds offering LTF& RMF workshops and 15 leading asset management companies giving advice tax calculation service for investors. For more information about the event, please visit www.thaimutualfundnews.com or www.facebook.com/thaimutualfund.
