VinaSIP- Systematic investment program
VinaSIP Systematic Investment Program is an effective method of implementing a financial plan by investing a fixed, regular monthly amount in an open-ended fund professionally managed by VinaCapital.
Dreams can come true if we take action and VinaSIP is an easy way to help people consistently invest in order to reach their goals.
VinaSIP is suitable for investors with stable incomes and want to save for the long-term with periodic monthly investments from VND 500,000 VND or more.
Benefits of VinaSIP
- Achieving your goals: help investors to regularly save and make long-term investments to achieve future goals such as buying a house, buying a car, education expenses, or retirement planning.
- Low average purchase price of NAV/unit: continuous investment without choosing when to invest, so the average purchase price of NAV/unit is lower when the market fluctuates.
- Compound interest: profits generated are constantly reinvested so that investors enjoy compounded returns in the long term.
- Flexibility: Investors can start or stop VinaSIP at any time, can increase or decrease the amount invested in VinaSIP monthly, and separately invest in VinaCapital’s open-ended funds with a different VinaSIP.
- Convenience: easy to set up and invest online using the MIO application on the website and by phone.
VinaSIP information
| Symbol | VinaSIP |
| Inception | 1/6/2021 |
| Funds | VFF, VEOF, VIBF, VESAF |
| Minimum investment | 500,000 VND/term/month |
| Minimum investment time | 12 months (may not invest continuously for up to 2 months) |
| Trading frequency | Every month, investors can select trading days |
| Remittance time | |
| Transaction day | The latest trading day of the participating fund, after the date when the money is transferred |
| Transaction confirmation day | (T+3) |
| Payment period for investors | (T+5) |
| Supervisory banking | Standard Chartered VN |
| Transfer agency | Vietnam Securities Depository (VSD) |
VinaSIP fee scheme for VFF
| Subscription fee | 0% |
| Redemption: calculated for each investment, according to FIFO | |
| • Less than 1 year | 2% |
| • From 1 year to less than 2 years | 0,5% |
| • 2 years or more | 0% |
VinaSIP fee scheme with VIBF, VEOF, VESAF
| Subscription fee | 0,0% |
| Redemption fee: calculated for each investment, according to FIFO | |
| • Less than 1 year | 2% |
| • From 1 year to less than 2 years | 1,5% |
| • 2 years or more | 0,5% |
Money transfer instructions
| Beneficiary name: VFF |
| Account number: 90193748004 |
| Bank name: Standard Chartered Bank |
| Branch: Ho Chi Minh City |
| Amount: _________ VND |
| Description: [Investor Name] – [Trading account number] – VFFS006 |
| Example: Nguyen Van A – 911CXXXXXX – VFFS006 |
| Beneficiary name: VIBF |
| Account number: 90341629104 |
| Bank name: Standard Chartered Bank |
| Branch: Ho Chi Minh City |
| Amount: _________ VND |
| Description: [Investor Name] – [Trading account number] – VIBFS006 |
| Example: Nguyen Van A – 911CXXXXXX – VIBFS006 |
| Beneficiary name: VEOF |
| Account number: 90228298404 |
| Bank name: Standard Chartered Bank |
| Branch: Ho Chi Minh City |
| Amount: _________ VND |
| Description: [Investor Name] – [Trading account number] – VEOFS006 |
| Example: Nguyen Van A – 911CXXX – VEOFS006 |
| Beneficiary name: VESAF |
| Account number: 90264118604 |
| Bank name: Standard Chartered Bank |
| Branch: Ho Chi Minh City |
| Amount: _________ VND |
| Description: [Investor Name] – [Trading account number] – VESAFS005 |
| Example: Nguyen Van A – 911CXXXXXX – VESAFS005 |