How to invest in stock exchange funds?

According to Tejaratnews, real estate funds in the stock market can be considered as real estate financiers. On the other hand, by investing in these funds, albeit small ones, we can protect our capital against inflation to some extent.

Mona Haji Ali Asghar, a capital market expert, told Tejarat News: “In the real estate fund, it is possible only in the first underwriting after the establishment of the possibility of transferring real estate to the fund as an investor at a price determined by the fund’s expert board based on documents.” In the land and building fund, which is initially established, the fund units are issued to the property owner based on the expert price set.

The CEO of Parto Aftab Kian Investment Consultant states: When buying and selling mutual funds, a group of three members evaluates its assets and investments. The number of official experts is determined by the total infrastructure or the number of housing units. Also, if the project units are administrative and commercial, a specific expert will be added for each of them.

Dividend distribution of stock funds

He explains: Dividends and fees are less than a year in the real estate fund. At least 90% of the income received from renting real estate, as well as the interest received on deposits and securities, can be divided after deducting the fund’s expenses. Payment of profits from the sale of real estate is possible with the proposal of the manager and the approval of the assembly related to the review of financial statements.

This capital market expert goes on to say: Real estate sales can be individual, one-off, or gradual. The sale of cash or installments, leases subject to ownership through auction, negotiation or a combination thereof, must be approved by the Assembly.

Haji Ali Asghar states: The cancellation of the real estate fund has its own process. But this is not the case in the Land and Building Fund. In the real estate fund, it is possible to cancel the units after one year of the fund’s activity after the approval of the assembly.

Referring to the issue of cancellation of the fund, he said: The fund manager is obliged to predict and approve the cancellation process, the maximum number of cancellable units and the place of payment or clearing of investment units requested for cancellation with the real estate owned by the fund. Assembly.

The CEO of Parto Aftab Kian Investment Consultant explains: This program should be such that after the mentioned period and up to the third year of activity, a maximum of one third of the normal units of the fund will be canceled every year. The number of investment units requested for cancellation should not be less than the minimum number of declarations announced by the fund manager by each investor and more than the maximum number of declarations by the fund manager.

This capital market expert continues: There is no pre-defined letter of intent for this fund, and the fund manager is required to prepare and submit the letter of intent to the organization with the announced topics. While for land and building funds, like other funds, the letter of intent is designed and presented by the Exchange and Securities Organization.

How do the funds end?

The CEO of Parto Aftab Kian Investment Consultant states: Liquidation, liquidation or termination of the activity period for the land and building fund practically after the completion of the fund’s activity, including construction and sale of the project and transfer of ownership documents to buyers, or if approved or recognized The organization continues to operate the fund for reasons such as failure to raise funds is not possible.

The capital market expert continues: If at the request of any of the investors or the fund’s pillars and the approval of the organization, each of the pillars does not perform its duties and a replacement person is not selected, the fund will be canceled. In the real estate fund, the end of the period is announced due to the end of the fund’s activity period and non-renewal, the approval of the fund assembly with the consent of at least two thirds of the voting right holders present in the assembly, provided that it is not less than half of all voting rights. . In both funds, the fund terminates with the revocation of the fund license by the organization or the issuance of a competent authority order terminating or dissolving the fund.

Finally, Haji Ali Asghar says: “Studies show that these tools should be reviewed and implemented more with the presence of people active in the field of construction and the capital market.” The vacancy of these funds is felt in the stock market and their number should increase.