Procedures
Investors who are interested in investing in Aberdeen Asset Management (Thailand) Limited's range of funds can access our reader-friendly step-by-step guide on the procedures. Please refer to the guide below for more details.
New Investors
Open an account
For account opening details please kindly contact Client Service at 02-3523388 or e-mail client.services.th@abrdn.com
Subscription Process
All investors need to complete the B-Pay form (which replaces the “Pay-In Slip”) and deposit cash or cheque at any one of the 4 banks as follows: Bangkok Bank, Bank of Ayudhya, Siam Commercial Bank and Kasikornbank.
If investors don’t apply for FastTrack Application, you must submit the Subscription order form to abrdn (Email client.services.th@abrdn.com or Fax +66 2352 3389) by 3.30 pm of the transaction day.
You can make a payment by cash deposit by 3.30 p.m. or by bank draft or cheque by 1.00 p.m. on the transaction day. Any applications received after these times will be invested on the next working day.
Conditions of minimum subscription
To subscribe by cash or cheque, the minimum is 1,000 Baht per transaction for every fund.
To subscribe by Krungsri credit card, the minimum is 1,000 Baht per transaction for the following funds.
- Aberdeen Standard Smart Capital – Retirement Mutual Fund (ABSC-RMF)
- Aberdeen Standard Asia Pacific Equity – Retirement Mutual Fund (ABAPAC-RMF)
- Aberdeen Asset Management (Thailand) Limited reserves the right to reject subscription via credit card where it views that the purpose of investment is not exclusively for tax purposes
For Monthly Invest Plan (MIP), minimum initial investment amount of only 1,000 Baht.
Existing Investors
After you subscribe to abrdn's funds, you will receive the following documents:
- Confirmation Note which will be sent to you within 5 business days after execution date
- Monthly Statement
In order to provide investors with current information on the movement of Net Asset Value (NAV) of funds under management, we publish a daily NAV report in newspapers, such as The Nation, Krungthep Turakit or Manager. In addition, we also provide 24 hours online service through e-avenue.
Redemption Process
To redeem investment units, investors should complete the redemption order form and submit to abrdn (Email client.services.th@abrdn.com or Fax +66 2352 3389) by 1.00 pm on the transaction day. Investors will receive their proceeds within 5 business days depending on your invested fund.
Switching investment units
To switch investment units, investors should complete the switching order form and submit or fax it to us (Fax +66 2352 3389) by 1.00 pm on the transaction day. We will use the NAV on the transaction day to calculate the number of units to be switched.
The minimum of fund switching balance is 1,000 Baht per transaction.
Note: For all transactions that are submitted to the company by fax, investors are requested to mail the original copy of the transaction order form to the company.
Downloadable forms
For investors who wish to invest in Aberdeen Asset Management (Thailand) Limited's range of funds, the forms for abrdn's fund transactions can be found here. Please click on the links to download the forms.
FAQ
At Aberdeen Asset Management (Thailand) Limited, we believe it is important for investors to understand what they are investing in. As such, we have links listed below to answers for frequently asked questions, which may address your immediate queries.
B-Pay is a new mode of making payment for unit trusts through the Bill Payment system provided by banks. B-Pay is available through 4 channels: 1. Bank’s counter 2. ATM 3. Phone banking and 4. Internet banking. For the unit-holder who does not use the FastTrack service (please read Question 2), upon making payment for unit trusts using the B-Pay form, the unit-holder must send in the Subscription Order form to the Company within 15:30hrs of the payment date.
The FastTrack service is a service to execute a Subscription Order form on behalf of the unit-holder to make the subscription process more convenient. The unit-holder could authorise the Company to execute a Subscription Order form on the unit-holder’s behalf without having the need to send a Subscription Order form to the Company ever again provided that the unit-holder must pay for the unit trusts via the B-Pay system before 15:30hrs.
B-Pay is a mode of payment for subscribing unit trusts. In case of payment at the bank’s counter, the unit-holder must only use abrdn’s B-Pay form. B-Pay is not a Subscription Order, therefore the unit-holder must send in a Subscription Order form to abrdn within 15:30hrs. for the subscription of the unit trusts to be executed on the same day.
The FastTrack service is a service to execute a Subscription Order form on behalf of the unit-holder to make the subscription process more convenient, in which does not require the unit-holder to send in a Subscription Order form to the Company. To be able to use the FastTrack service, the unit-holder must first authorize the Company to execute a Subscription Order form. If the unit-holder intends to subscribe unit trusts, the payment for the unit trusts must be made through the B-Pay channels before 15:30hrs.
The unit-holder must send in a duly signed Power of Attorney (FastTrack) and E-Avenue Application form together with a certified true copy of an ID card or passport (in case of a foreigner). The unit-holder would be informed of the service activation by SMS and a letter by post to the mailing address given within 4 working days after the Company has received and verified correct and complete documents.
At present, there are no other expenses charged.
B-Pay is a mode of payment for subscribing unit trusts. In case of payment at the bank’s counter, the unit-holder must only use abrdn’s B-Pay form. B-Pay is not a Subscription Order, therefore the unit-holder must send in a Subscription Order form to abrdn within 15:30hrs. for the subscription of the unit trusts to be executed on the same day.
The FastTrack service is a service to execute a Subscription Order form on behalf of the unit-holder to make the subscription process more convenient, in which does not require the unit-holder to send in a Subscription Order form to the Company. To be able to use the FastTrack service, the unit-holder must first authorize the Company to execute a Subscription Order form. If the unit-holder intends to subscribe unit trusts, the payment for the unit trusts must be made through the B-Pay channels before 15:30hrs.
Please read the details of the Bill Payment Manual at B-Pay manual
Client Services would contact the unit-holder at the telephone number stated in the Contact Details in the Master Account Opening form or in the corrected Contact Details given after the unit-holder’s account has been opened.
