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Home page › Useful information |
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The Mutual Fund is collective investment schemes, which brings together the money of many investors, investing in different securities and have won by the scale of these investments. Investment may be shares, bonds or a combination thereof. Money in contractual funds is professionally managed and each investor owns a proportional share of the portfolio, according to the given amount. |
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Basic principles of business |
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Portfolio managers target the funds as ordered buy and sell securities from the fund portfolio. Depositary bank controls the entire investment process and monitors the correct assessment of the portfolio. Owners of shares of mutual fund investor realized gain / loss / promotion / decrease / value of the securities to the fund owns. |
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Types of mutual funds |
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Depending on the type of securities, which invest in and the level of risk you assume, mutual funds are several types. In general can be divided depending on the degree of risk - low, high and balanced. The main difference between them is the structure of the portfolio and the ratio of shares, bonds and other securities. These characteristics form the so-called basic characteristics of the respective investment strategies. |
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Tax treatment |
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Under the provisions of the Law on Corporate Income Tax (CITA) and the Taxation of income of individuals (ZODFL) are not taxed received from local and foreign legal and natural persons income from transactions in shares of collective investment schemes, carried out on a regulated Bulgarian securities market - as income on the sale of shares and income under repurchase them in the management company.
For taxable persons within the meaning of Parliament in the formation of the tax financial result, the result of trade in shares of collective investment schemes involved, according chl.44 of Parliament, taking account financial result is reduced by profit and increased the loss from disposal of shares. According to Art. 196 of Parliament are not subject to withholding tax income from disposal of shares of collective investment schemes, where the disposition was made of Bulgarian regulated securities market.
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Investors should keep in mind that the value of the units of Invest Active Mutual Fund, Invest Classic Mutual Fund, Invest Diversified Fund Mutual Fund (former name MF Conservative Fund), Invest Next Mutual Fund (former name MF Green Fund and MF Bonds) and their income may decrease, profits are not guaranteed, and investors take the risk of not recovering their investment in full. Investments in units of Invest Active Mutual Fund, Invest Classic Mutual Fund, Invest Diversified Fund Mutual Fund (old name MF Conservative Fund), Investment Next Fund Mutual Fund (old name Invest Green Fund) Fund” and MF “Investment Bonds”) are not guaranteed by a guarantee fund established by the state or in any other way. The previous results of the activity of each of the Mutual Funds have no connection with the future results of its activity. |
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