Mutual Funds

Mutual Fund

A varieties of mutual funds from 18 asset management companies to choose from,including tax-deductible funds, foreign equity funds, mixed funds, fixed income funds,and alternative asset funds such as gold, oil, etc.

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Mutual Funds with KS?

Convenient for buying, selling, and switching funds.

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Portfolios carefully selected and managed by investment experts.

Expert fund selection, portfolio construction, and insightful analysis — delivered by our experienced team.

Access 18 asset management companies.

A wide selection of mutual funds from 18 asset management companies — all in one place, with no extra fees.

18 Partner AMCs

Implication & Recommendations from KS

Investment Plan

10-14 November 2025

KS ASSET ALLOCATION

Investment Summary: Buying Opportunity Amid Macro Concern & China Reality Check

Global stocks (ACWI) saw a correction in early November, driven by Fed's Hawkish tone and policy uncertainty, alongside the prolonged 6th week of Government Shutdown which reduced liquidity and delayed key economic data. The market is also monitoring the Supreme Court ruling on Trump's tariff authority and warnings of a 10-20% market correction in the next 1-2 years from Goldman Sachs and Morgan Stanley.

Growth Sell-off, but Unique Catalysts Remain
US indices, especially Nasdaq (-3.04%), fell sharply due to selling pressure in tech and growth sectors following Palantir's soft growth guidance. However, positive firm-specific catalysts persist for Microsoft (Cloud-Nvidia deal), Amazon (OpenAI using AWS), Google (Apple AI deal, Data center investment), and AMD.

Global Markets and China
-Asian markets (Japan, Korea, Taiwan) declined, tracking the global tech sell-off.
-Chinese equities (+0.82% to +1.08%) edged up, supported by banks and the semiconductor sector after Beijing banned state-funded data centers from using foreign AI chips (Nvidia, AMD, Intel), favoring domestic suppliers.

China Earnings & Investment Outlook
This week, US macro data remains scarce (Shutdown); the market will focus on progress in government reopening talks and potentially Hawkish Fed rhetoric. For China, investors await key economic data and earnings from Tencent, Alibaba, Meituan, serving as a "Reality Check" on earnings quality versus valuation.

Strategy: We maintain a positive long-term view, as US 3Q25 earnings are strong (11.8% growth, better than expected) and increasingly broad-based. We recommend using this market dip to accumulate positions in K-GSELECTU-A(A) (Core), US Tech (KKP TECH-UH), Japan (K-JP-A(D)), and India (MNDIA), which is expected to outperform next year.

Tailored Portfolio Allocation

CONSERVATIVE MODEL

BALANCE MODEL

AGGRESSIVE MODEL

KS Top Picks

November 2025

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K-GSELECTU-A(A)

6

ระดับความเสี่ยง

K Global Select Equity Unhedged Fund-A(A)

K-JP-A(D)

6

ระดับความเสี่ยง

K Japan Equity Fund-A(D)

UGISFX-N

5

ระดับความเสี่ยง

กระจายการลงทุนในตราสารหนี้หลายประเภททั่วโลกเพื่อสร้างผลตอบแทนที่สม่ำเสมอ

กองทุนเปิด ยูไนเต็ด โกลบอล อินคัม สตราทีจิค บอนด์ เอฟเอ็กซ์ ฟันด์ หน่วยลงทุนแบบปกติ

KKP TECH-UH

7

ระดับความเสี่ยง

ลงทุนในหุ้นเทคโนโลยีชั้นนำของสหรัฐฯ

กองทุนเปิดเคเคพี EXPANDED TECH - UNHEDGED

MINDIA

6

ระดับความเสี่ยง

Invest in India stocks good quality and reasonable prices.

MFC India Select Equity Fund

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Tax Station

รายการลดหย่อนภาษีปี 2568

ปี 2568 นี้ ใครอยาก “ลดหย่อนภาษี” ห้ามพลาด! เพราะนอกจากจะได้ออมเงินเพื่ออนาคตแล้วยังได้สิทธิลดหย่อนภาษีสูงสุดถึง 1,400,000 บาท
1. RMF
2. Thai ESG
3. Thai ESGX (เงินลงทุนใหม่)
4. Thai ESGX (สับเปลี่ยนจาก LTF เดิม)

แจ้งกรมสรรพากรเพื่อลดหย่อนภาษี

Mutual fund's Recommended Video

THE SYNERGY EP.11

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Global Satellite EP. 10

Frequently Asked Questions

Q1: What is a Mutual Fund?

A Mutual Fund is a pooled investment vehicle. It's a structure where money from many different investors is collected and entrusted to a professional known as a Fund Manager. This manager then invests the total pool of money in various assets (like stocks, bonds, or real estate) according to the fund's specific investment policy. The goal is to generate returns, which are then distributed back to the individual investors in proportion to the amount they initially invested.

Q2: How many types of Mutual Funds?

There are 8 main types of mutual funds, categorized by their Risk Spectrum (from lowest to highest risk).

Risk Level 1: Domestic Money Market Funds
These funds primarily invest in domestic deposits, bills of exchange, and debt instruments with an average maturity of less than 1 year. They carry the lowest risk and are suitable for investors who are very risk-averse or who need a temporary holding place for their cash.

Risk Level 2: Foreign Money Market Funds
Similar to Level 1, these funds invest in deposits, bills of exchange, and debt instruments with an average maturity of less than 1 year, but they may hold some international assets. This introduces currency exchange risk, though these funds typically employ foreign exchange hedging.

Risk Level 3: Government Bond Funds

These funds focus on investing in government debt instruments, such as treasury bonds or state-enterprise bonds, which mostly have an average maturity of more than 1 year. This longer duration makes them more volatile than Money Market Funds.

Risk Level 4: Fixed Income Funds

These funds invest in both government and corporate debt instruments (e.g., government bonds, corporate debentures). They can hold short-term (average maturity ≤ 1 year) or long-term debt (average maturity > 1 year). They suit investors who can tolerate low risk, seek steady returns, and want to diversify their portfolio.

Risk Level 5: Mixed Funds (or Balanced Funds)

These funds can invest in various asset classes including deposits, fixed income, and equities (stocks). The specific asset allocation is detailed in the fund's investment policy. They are appropriate for investors with a medium to high risk tolerance and those who lack the time to frequently adjust their portfolio during market volatility.

Risk Level 6: Equity Funds

These funds primarily invest in stocks (equities), both domestic and international. This category includes specific tax-advantaged funds like SSF and RMF that focus on equities. They are best for investors seeking potentially high returns who also have a high risk tolerance, or those who want to invest in stocks without managing the investment themselves.

Risk Level 7: Sector Funds

These funds focus their investments on stocks within a specific industry, such as banking, telecommunications, or healthcare. They carry higher risk than general Equity Funds (Level 6) due to this concentrated investment. They are suitable for investors with a high risk tolerance who possess a deep understanding of that particular industry.

Risk Level 8: Alternative Funds

These funds invest in assets outside of traditional categories, such as gold, oil, or commodities. They are for investors with the highest risk tolerance and those seeking further portfolio diversification. Investors should conduct extra research and understand the specific details related to these alternative asset classes.

Q3: What is NAV?

NAV stands for Net Asset Value. It is the total net worth of a mutual fund on a given day, calculated by taking the fund's Assets minus its Liabilities ( $Assets - Liabilities$ ). The NAV represents the fund's true market value at that point in time.

Q4: How do I open a Mutual Fund Account?

You can open an account through the following online channels, with approval typically granted within one business day

New Customers/Online Application: Apply directly via our secure online platform: https://www2.kasikornsecurities.com/ksao
Existing KS Customers: If you are already a client of KS, you can open a mutual fund account through the "My Service" menu within the KS ONE application.
Other Channels: If you wish to open an account through other methods, please contact the KS Contact Center at 02-7960011.

Q5: What are the various fees associated with Mutual Funds?

Mutual funds typically involve two main types of fees:

1.Fees Charged Directly to Unitholders (Transaction Fees)

These fees are calculated based on the transaction value and are collected when you buy, sell, or switch units. They include: Front-end Fee: Sales charge (collected upon purchase). Back-end Fee: Redemption fee (collected upon selling/redeeming). Switching Fee: Fee for moving investment from one fund to another.

2.Fees Charged to the Fund Itself (Operating Expenses)

These recurring annual expenses are deducted from the fund's assets before the NAV is calculated:

- Management Fee (ค่าธรรมเนียมการจัดการ): The fee for the professional management of the fund, calculated as a percentage of the fund's net asset value (NAV).

- Trustee Fee (ค่าธรรมเนียมผู้ดูแลผลประโยชน์): Paid to the Trustee who safeguards the fund's assets and ensures the Fund Manager operates according to the approved policy. The Trustee must meet criteria set by the SEC (Securities and Exchange Commission).

- Registrar Fee (ค่าธรรมเนียมนายทะเบียนหน่วย): The cost for maintaining the register of unitholders and handling transactions.

- Other Expenses (ค่าใช้จ่ายอื่น ๆ): Miscellaneous operational expenses not covered by the fees above (e.g., auditing, legal, or fund marketing costs).