The investment management industry joins forces to launch the "Savings Number 5" project. Invest in DCA mutual funds of not less than 500 baht/month for 12 consecutive months, reaching 5,000 baht, receive a bonus worth 500 baht, aiming to expand the user base. Hold at least 20,000 new fund units and build good financial health.
Association of Investment Management Companies Office of the Securities and Exchange Commission and the Stock Exchange of Thailand together with business operators in the capital market, including securities companies commercial bank life insurance company and securities brokerage companies participating in the project and related associations Attend the opening press conference “Savings Project No. 5” at Sukree Kaewcharoen Auditorium, 3rd floor, Stock Exchange of Thailand building. Ratchadaphisek Road The objective is to enhance knowledge and understanding about investing and mutual funds. It's an alternative to saving. Continuous investment and wealth accumulation by investors and the general public. To create good financial health for investors and encourage Thai people to have financial discipline for long-term success (Long Term Purpose)
Savings Project No. 5 has the main goal of expanding the base of new investors, especially working age people, to be ready and have the discipline to save for the future through investing in Dollar Cost Average mutual funds (DCA: consistent investment). Average cost basis) by the general public who is interested in joining the project by opening a mutual fund account. Start investing until you reach 5,000 baht and join in creating a monthly regular mutual fund investment plan (DCA) of not less than 500 baht per month. When you invest continuously for 12 months, you will receive a special gift to support additional savings worth 500 baht. baht. Business sectors participating in the project include: 22 asset management companies, 14 securities companies, 2 unit trust brokerage companies, 7 commercial banks, and 4 life insurance companies.
Mrs. Waratchaya Srimachan, Deputy Secretary-General, Office of the Securities and Exchange Commission Supporting the No. 5 Savings Project, he said that the SEC aims for people to have good financial health. By accumulating savings and investing in the capital market to meet the long-term need for money and sees that the "Savings Project No. 5" is a collaboration between the Association of Investment Management Companies investment management company Investment unit sales representatives and related business associations stock market of Thailand and the SEC is a project that can help a wide range of investors have access to investing in mutual funds. With not much investment and have the discipline to invest regularly and continuously for long-term success With fund managers professionally managing your investments, the SEC therefore supports the provision of knowledge. Including publicizing the said project widely and sincerely hope that This “Savings Project No. 5” will be an alternative for people to use in accessing investment.
Dr. Rinjai Chakornpipat, Deputy Manager, Stock Exchange of Thailand He said he supported the project. Stock Exchange It has continuously promoted the expansion of the investor base through mutual funds. For Savings Project No. 5, it is a good project. that helps stimulate Thai people to be alert Especially the new generation of working people should encourage the discipline of saving and investing regularly. Ready to support the project fully in every aspect Including disseminating knowledge and understanding about mutual funds through media, especially digital channels, and also working with the association Under the project to provide money to work through mutual funds Organize a mutual fund expo “Fund Wealth Fair” on Sunday, September 17, at the Stock Exchange building. There will be seminars and workshops on various topics related to mutual funds. and setting up a booth to provide investment advice and services by representatives from asset management companies so that interested parties can study information and be able to confidently start saving regularly with the No. 5 Savings Project.
Mrs. Chawinda Hanratanakul, President of the Association of Investment Management Companies (AIMC), on behalf of investment management companies Introducing Saving Project No. 5 that mutual funds are an appropriate tool for Thai people to save and invest for the future. However, it was found that the number of individual investors in mutual funds was only 1. 7 million people in 2022 is considered a small proportion compared to the country's population. Therefore, AIMC has initiated the project with the idea of the sufficiency of Thai people's savings. By designing mutual fund investment tools that are not complicated and easy to access with the key message "Saving money like a happy person must be "555" with the savings project number 5 that comes with a simple process. To make investing successful includes making a decision to start saving and investing that is not difficult with an initial amount that is not too high. Opening a mutual fund account is not as time consuming as you once thought. Creating discipline from saving that will lead to long-term goals and promoting morale and gifts when there is discipline to invest according to the conditions. This is if the project achieves its goals. It is expected that there will be at least 20,000 new investors, all of whom will be quality investors. Have good investment discipline This will be a new, quality saver base in the long run. 000, which will be quality investors Have good investment discipline This will continue to be a base of quality new savers in the long run. 000, which will be quality investors Have good investment discipline This will continue to be a base of quality new savers in the long run.
Mr. Pichet Sithi-Amnuay, President of the Thai Securities Companies Association stated his support for the project As a representative of a securities company One important role is to encourage investors to make long-term investments in savings securities. Saving by investing through mutual funds is an important way to support savings, especially for people who are just starting to save through the capital market. And at present, more than half of the securities companies act as selling and redemption agents for investment units. These securities companies are ready to fully support the project in various ways, such as screening and selecting outstanding funds that are suitable for long-term savings and investment. Provide advice and consultation on investing in mutual funds. or join in supporting the gift prizes Believe that saving and investing creates wealth for Thai people. and support for new investors This can be done efficiently through this channel as well.
Mr. Sara Lamsam, President of the Thai Life Assurance Association Said that long-term investment in the form of life insurance will help the Thai capital market develop and grow with quality. In the past, we have given importance to building personnel in the life insurance business to have knowledge and understanding. in capital market products Can give advice and plan investments in Investment Link Insurance Products (“ILP”), which includes investment-linked life insurance policies (“Unit Linked”) to increase savings and investment options. and provide the opportunity for higher long-term returns. It is believed that the Savings Project No. 5 will help support the growth of unit linked products and help expand with existing life insurance customer groups and reach more new customer groups.
In the field of commercial banking It is a strong mutual fund sales channel with bank branches and a mobile banking app system that can effectively reach investors.
Mrs. Kittiya Tothanakasem, Director of the Thai Banking Institute Thai Bankers Association Said that Thai commercial banks attach importance to continuous personnel development in order to recommend savings options that are appropriate for customers and their different levels of risk appetite. and has always given knowledge about savings to the public Make sure that the bank branch including investment management companies Affiliated address which has tens of thousands of investment consultants We will work together to help promote good financial health for the general public.
Mr. Choladet Khemarattana, president of the Investment Unit Brokerage Business Owners Club, said the Securities and Exchange Commission is ready to fully support the No. 5 Savings Project to achieve tangible results as well. With the strength of the Securities and Exchange Commission being able to sell mutual funds of various management companies in a single platform. There are also investment strategists who can advise on investing in mutual funds. Please help recommend a combination of outstanding mutual funds from various asset management companies to create a portfolio that meets the needs of investors with acceptable risk.
Source: Thai News Agency