Unique OTP Podviynyi product from OTP Group: combination of bank deposit and mutual fund
OTP Bank and OTP Capital are offering a joint promotional product - OTP Podviynyi, which combines a 3-month deposit from OTP Bank and a 12-month mutual fund from OTP Capital. Client’s investment is divided into two equal parts between these components. This hybrid product enables a client to receive an increased deposit rate and additional income from investments in financial market instruments.
OTP Podviynyi provides a fixed interest rate on the deposit, which is 15% per annum, as well as the opportunity to earn additional income from participation in the fund that invests in a popular and reliable instrument – Ukrainian government bonds. Currently, such bonds bring in about 17% per annum. An additional benefit is twice lower tax on income from the fund, which is paid in the form of dividends and is taxed at a rate of 9% (+1.5% of military tax). Thus, clients can annually receive dividends on the results of the previous period and continue their participation in the fund for another year or collect their funds.
“We are trying to spread the practice of investing in securities among our clients just like in other European countries. For many, OTP Podviynyi hybrid product is a successful start for further ongoing work with mutual funds,” said Vitaliy Dyshlovy, Head of Sales and Marketing Department of Asset Management Company “OTP Capital”.
The product offer will last until October 4, the total amount of the offer is limited.
To learn more about funds under management of OTP Capital please contact one of OTP Bank branches, visit web site www.otpcapital.com.ua or call 044 492 34 69.
Asset management company OTP Capital was established in July 2007 and became the second after OTP Bank representative of OTP Group in Ukraine. The company provides a wide range of high quality investment services to both individuals and corporate clients and is one of the leaders of the collective investments market. AMC OTP Capital manages 7 public mutual funds, 7 venture funds, reserves of insurance companies
and 3 non-government pension funds. Total assets under management: UAH 2 bln.
Public joint stock company OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The Bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard. Its absolute owner is the largest Hungarian Bank OTP Bank Plc.
Note: the profitability of investments made on financial market can increase or decrease. Fund performance results in the past do not guarantee the same performance results in the future. The state does not guarantee the profitability of investments in mutual funds. AMC OTP Capital LLC does not guarantee returns of investment instruments mentioned in this material.