The OTP e-start fund is a short-term bond fund that invests mostly in government bonds , and then in money market instruments and deposits with an average maturity of less than 3 years.
It also belongs to a group of open end investment funds with public offer (UCITS fund).
Denomination of the fund is in Euro (EUR), buying and selling of funds units can be carried out in EUR or HRK.
For whom the fund is intended for?
- The fund is intended for investors who are willing to take less risk and achieve a slightly higher return than in the money market by investing in assets that are low volatile and can oscillate in value on a daily basis.
- The recommended savings period in this fund is one year, which means that it is suitable for investors who are unlikely to need the invested funds within that period.
- Technical characteristics
- Fund documents
- Tabular unit prices display
|Currency of denomination :||EUR|
|First payment to the Fund:||minimum 100 EUR (a hundred euros) or the kuna equivalent according to the middle exchange rate for the euro* of the Croatian National Bank|
|Next payments:||minimum EUR 15 (fifteen euros) or HRK 100 (one hundred kunas) whereby the value of the payment in kuna is converted into the value of the Fund's share at the middle exchange rate of the CNB for the euro* (provided that the investor has not withdrawn the initial investment)|
|Commencement of the Fund:||05.02.2013.|
|Management fee (annually):||untill 30.09.2021. 0,30%; otherwise 0,95% of the total assets of the Fund|
|Entry fee:||free of charge|
|Exit fee:||free of charge|
|Deposit bank:||OTP banka d.d.|
|Deposit bank fee (annually):||0,09% of the total assets of the Fund|
*For payments before 14:00, the middle exchange rate for the euro of the Croatian National Bank on the day of payment applies, and for payments after 14:00, the middle exchange rate for the euro of the Croatian National Bank applies, which will be valid on the first following working day.
For more information on how to place a standing order in the internet banking application of OTP Banka ELEMENTA, click on the following link. For all those who do not have the ELEMENTA application activated, they can place a standing order in all OTP Bank branches.