Retirement Mutual Funds (RMF) are designed to encourage long-term savings for retirement, with the condition that investors must hold their investments continuously every year or alternate years for at least five years. Additionally, investments can only be redeemed when the investor reaches the age of 55. For those considering RMF investments but unsure which fund to choose, here are the recommended Krungsri RMF options for 2024 to simplify your decision-making.
4 Recommended Krungsri RMF Funds for 2024
Here are standout RMF funds from Krungsri Bank, curated to help you find the right fit based on your risk tolerance and investment goals.
Krungsri Active Fixed Income RMF (KFAFIXRMF)
This fund focuses on investments in domestic and international fixed-income instruments. It offers a flexible, well-diversified portfolio that includes government bonds, deposits, or equivalent instruments issued by governments, state enterprises, financial institutions, and private sectors. The risk level is rated at 4, indicating moderate to low risk.
Krungsri Global Smart Income RMF (KFSINCRMF)
This fund invests primarily in foreign fixed-income instruments via the PIMCO GIS Income Fund (Class I-Acc), allocating no less than 80% of its net asset value (NAV) annually. The portfolio is diversified across multiple countries and sectors, including government and corporate bonds. The risk level is rated at 5, indicating moderate to high risk, making it a viable option for those seeking higher returns.
Krungsri Dynamic Equity RMF (KFDNMRMF)
This equity-focused fund invests in stocks listed on the Stock Exchange of Thailand, the Market for Alternative Investment (MAI), and pre-IPO stocks. The fund emphasizes high-potential stocks with promising growth prospects, with at least 80% of its NAV invested in equities annually. The risk level is rated at 6, indicating high risk.
Krungsri Global Brands Equity RMF (KFGBRANRMF)
This fund invests in global equities via the Morgan Stanley Investment Fund – Global Brands Fund (Class Z), allocating at least 80% of its NAV annually. It targets stocks of world-renowned companies with strong track records of success. Despite its high-risk level (6), the fund offers opportunities for substantial and sustainable long-term returns.
Benefits of Investing in RMF Funds in 2024
Building Wealth for Retirement
The primary goal of RMF funds is to promote long-term investments for retirement. By consistently investing each year, your principal amount grows over time, leading to compounded returns. However, the funds can only be redeemed upon reaching the age of 55, making them a disciplined savings tool for retirement.
Tax Benefits
Investors can enjoy tax deductions of up to 30% of their annual income, capped at 500,000 baht, combined with other retirement savings plans and funds.
Diverse Risk Levels
RMF funds offer a variety of asset classes and risk levels, ranging from low to high risk. Whether you prefer conservative or aggressive investment strategies, you can find a fund that suits your needs.
Flexibility to Switch Funds
RMF investments allow fund switching within the RMF portfolio, providing flexibility to adjust your investment strategy based on changing economic conditions or personal preferences.
Conclusion
Before deciding which Krungsri RMF fund is right for 2024, investors should thoroughly study each fund’s details and plan their investment strategy carefully. Aligning your RMF investments with your retirement goals can help ensure financial security and freedom in the future.