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Mutual Funds

Rosenergobank offer to invest in the securities market by acquiring units of mutual funds.

Investing in mutual funds

Mutual fund is an efficient investment instrument, enabling to minimize expenses, save time, optimize tax payments from security gain and receive maximum comfortable and professional services. By holding a unit you automatically become a participant of the stock market as the investor, with a possibility to gain income, being headed by real professionals, which mitigates the risk.

Thanks to high efficiency of this financial instrument cash assets invested with mutual funds may return considerable interest. In 2006 unit holders of mutual funds earned up to 70 percent. This investment instruments make your idle assets work and efficiently fight inflation.

By accumulating and pooling assets of many investors the Management Company may invest assets on more advantageous conditions than independent investors may do, and with maximum possible risk diversification of the portfolio.

Reliability of investments in mutual funds is characterized by presence of several supervising institutes: Federal Financial Markets Service, special depositories, registrar and auditor, all this prevents from possible abuse of the investors' assets. Such scheme is a reliable protection against fraud, in any way no such case has been ever documented during seven years of operation of mutual funds on the Russian market.

Besides this, one of the most attractive features of mutual funds is their informational transparency. Management Companies publish information about their activity related to mutual funds' management. Open-end mutual funds publish data on unit price on a day-by-day basis.

Advantages of this investment instrument

1. Money is invested in stocks and bonds of major and most reliable Russian companies, qualified as "blue chips", i.e. tycoons of the stock market.

2. Under conditions of developing economy there's a high probability that the investment will grow.

3. Professional management of capital by specialists of the stock market considerably reduces the risks of ineffective placement of cash assets.

FAQ about mutual funds

What is a mutual fund?

Mutual fund is a form of mutual investment when the Management Company for the purpose of deriving income invests money into securities or other assets, acceptable for mutual funds and permitted by the effective Russian laws. By investing in mutual fund the share (unit) holder receives a share in the investment portfolio of the fund.
 

What is a "unit"?

A unit (share) is an uncertified security. The unit cost varies each day depending on the quality of work of the Management Company and the situation on the equity market. Unit holders may buy or sell their units on any working day; they may donate, exchange or devolve it.
 

How can I buy a unit?

For buying a unit you need to file an application at at the Moscow branch of CB Rosenergobank and the money will be credited to the fund's account. A special depository will provide you with a notice from the register of shareholders. Minimal investment is 10,000 rubles.
 

Can I ask for the unit's price on applying?

The unit price is calculated on each business day upon the results of trades of the Stock Market. The unit's estimated cost is determined on the next day after remittance.
 

How can I know the contents and the value of the individual portfolio of securities?

The mere fact that you hold a share shall be confirmed by an extract from the register of shareholder, provided to you by a special depository. It shall further calculate the unit's value and keep information about the number of units belonging to this or that person.
 

How are the units sold?

For selling your unit and receiving money for it you need to file an application for redemption of units at the Management Company or at the Moscow branch of CB Rosenergobank indicating the bank account for remitting your funds.
 

Is the income, received from increase in the securities' value, taxable?

The tax is levied only at the end of the period of possession the unit, i.e. upon its redemption. Upon disposing the share (the same applies to the sale of any property whatsoever) you need to pay an income tax at the rate of 13 percent. The income in this particular case shall be understood as the difference between the unit's selling price and all expenses associated with its acquisition. No other taxes are applicable to the transactions with units. Moreover for individuals the Management Company acts as a withholding agent, i.e. the unit holders receive the income already net of taxes.