Mutual funds are an investment option that pools capital from investors and invests it in various kinds of securities, so as to obtain capital gains matching investment goals. A mutual fund management company must register funds with the Securities and Exchange Commission (SEC). The pooled capital will be sold in the form of unit trusts.
Service Details
There are 3 major types of mutual fund:
- Fixed Income Funds - Equity Funds - Balance or Flexible Funds
The investment policy of each fund is specified in its prospectus.
Customers can trade unit trusts in mutual funds of which SCB is broker at SCB branches nationwide.
Investors will receive a "Certificate of Unit Trust" showing the investor’s balance after making trades.
Service Feature
Mutual funds offer an alternative method for retail investors to gain greater returns.
Convenient investment, available via SCB branches, SCB Easy Phone (phone banking), and SCB Easy Fund (Internet banking).
Open-ended funds have high liquidity.
Benefits
Capital gains, which are profits from selling unit trusts.
Individual investors can enjoy tax-exempt capital gains.
Dividends, which depend on fund policies.
Warning
Investment involves risks. Investors should carefully study information before making any investment decision.
For more information,
please contact the Easy Call Center at 0 2777 7777 or visit any SCB branch nationwide