“Sanam” fund in one step of subscription
The thirteenth investment fund of Charisma Financial Group with the symbol “Sanam” will be accepted through the OTC company of Iran on Monday, February 25, 2014. “Sanam” is a tradable fund (ETF) which is a type of fund in the fund. “Sanam” Fund will be able to buy on Monday through all OTC member brokerages.
Ezatullah Taybi, CEO of Charisma Basket Company, who manages Sanam Fund Regarding the details of the underwriting, Sanam explained: “Sanam Fund is a tradable fund of the type of fund or fund of funds that allows it to invest in other funds in the market. The important point in “Sanam”, which is considered as an advantage of this type of fund and is considered a significant feature compared to funds of similar nature, should be the freedom of action of the fund manager to choose the type of asset class to invest in this fund. “In fact, according to the statute, the Sanam Fund is allowed to invest in any type of capital market fund.”
the manager Sanam Box Referring to the allocation of assets in the fund, he continued: “In Sanam Fund, it is possible to allocate up to 50% of the fund’s assets in fixed income funds and up to 15% of the assets in bank deposits. In fact, Sanam Fund can be called the most flexible investment fund in the Iranian capital market due to this remarkable feature, because it can easily change its strategy in times of boom and bust of financial markets and be safe from falling prices, while in “Other funds, such as equity funds, do not have this feature because they are required to invest at least 70% of their assets in shares under any circumstances (even in market downturns).”
Taybi continued: “In general, Sanam Fund will invest up to 85% of its assets in investment funds, including tradable, issuable and canceled funds, and its marketing will be the responsibility of Elixir Soda Fund. Subscription of this fund will be done from Monday, February 25, 2014. “The price of each unit on the day of underwriting is equal to the nominal value of 10,000 Rials and there is no limit to the purchase of each transaction code, but according to the rules, the minimum purchase through online brokerage systems is 500,000 Tomans.”
Sanam is a desirable investment tool to deal with inflation due to its remarkable features and its unique flexibility among the funds available in the Iranian capital market. Given the degree of flexibility defined within the quorum of this fund, holders Sanam Fund They can easily benefit from the growth of all financial markets and avoid falling prices when the index falls.