Compulsion to patriotism. Rating of banks and management companies for millionaires

Moscow

Company "MANAGEMENT FINANCIAL INVESTMENT COMPANY" registered on May 29, 2014 by the local body of the Federal Tax Service - Interdistrict Inspectorate of the Federal Tax Service No. 46 for Moscow. Full official name - LIMITED LIABILITY COMPANY "MANAGEMENT FINANCIAL INVESTMENT COMPANY". The company was assigned OGRN 1147746604191 and INN 7724922838. Legal address: 117463, Moscow, Novoyasenevsky Avenue, building 32, building 1, floor 1 premises VI room 2, office 51. The main activity is: "Consulting on commercial activities and management ". The organization is also registered in such categories as: “Activities in the field of communications based on wired technologies”, “Development of computer software”, “Consulting activities and work in the field of computer technology”, “Activities related to the use of computer technology and information technology, other”, “Data processing activities, provision of information hosting services and related activities”. General Director of LLC "MANAGEMENT FINANCIAL INVESTMENT COMPANY" - Vladimir Nikolaevich Stekunov.

general information

Accounting statements, TIN 7724922838

Financial indicators of LLC "MANAGEMENT FINANCIAL INVESTMENT COMPANY" / TIN 7724922838 based on information from Rosstat for 2012-2018.

Balance sheet (asset) Revenue Net profit


Full financial report

Address and telephone numbers

Details of "MANAGEMENT FINANCIAL INVESTMENT COMPANY", LLC

1147746604191
7724922838
772801001
32470517
45000000000

All OKVED codes 2017

Activities related to financial leasing (leasing/subleasing) Activities related to the use of computer technology and information technology, other Activities related to the provision of loans for the purchase of houses by specialized institutions that do not accept deposits Provision of other financial services, except for insurance and pension services, not included in other groupings Industry lending activities Photocopying and document preparation activities and other specialized office support activities Technical testing, research, analysis and certification Wireline communications activities Other business support services activities not included in other groups Management of financial markets

Types of activities according to OKPD2

    Other advisory services in the field of entrepreneurship

    Advisory services in the field of enterprise management

    Supply chain management advisory services and other management advisory services
    This grouping includes:
    - advisory services on integrated supply chain management issues
    Integrated Supply Chain Management Consulting is a comprehensive product that includes services on logistics management, warehousing and storage and distribution, logistics management consulting services such as: logistics consulting related to inventory management , i.e. monitoring existing logistics to determine the most effective logistics requirements for the client; advice on logistics issues related to distribution and transportation, including the processes used by the client to store, transship and move goods within the organization, to deliver goods from the client to consumers; consultations on logistics issues related to warehousing and storage, including the processes of receiving, storing and issuing an item; consultations on logistics issues related to maintenance; other management consulting services not elsewhere classified
    This grouping includes the provision of complex services that combine services that require intensive use of information technology, with labor (unskilled or skilled, depending on the solution), equipment and premises to support, host and manage business processes for the client
    This group does not include:
    - consulting services in the field of architecture, see 71.11.24;
    - engineering consulting services, see 71.12.11;
    - advisory services on environmental protection issues, see 74.90.13;
    - other scientific and technical advisory services not elsewhere classified, see 74.90.19

    Business Process Management Services
    This grouping includes:
    - provision of comprehensive services combining services that require intensive use of information technology, with labor (unskilled or qualified, depending on the solution), equipment and premises to support, host and manage business processes for the client: financial business processes, such as transaction processing, credit card information processing;
    - services related to payments;
    - services related to the provision of loans to business processes related to labor resources, such as the administration of employer benefits, payroll processing, human resources management, and supply chain management business processes, such as inventory management;
    - procurement services;
    - services in the field of logistics, production planning and order processing by business processes for managing relationships with consumers, such as help desks, call centers;
    - provision of services to customers with vertical market business processes carried out by certain industries, such as the energy, chemical, oil industries, and other business processes for the client

    Advisory services on marketing management issues
    This grouping includes:
    - services to provide advisory, management and operational assistance regarding the organization’s strategy in the areas of marketing and marketing operations
    Consultations on marketing management issues can be related to one type or a combination of the following types of services: analysis and development of marketing strategy, development of consumer service programs, pricing, advertising and distribution channels, training of management staff and personnel for product sales, organization of marketing channels (sales to wholesale salespeople or directly to retailers, direct mail, special incentives, etc.), packaging design and other issues related to the organization's marketing strategy and operations
    This group does not include:
    - public relations and communication services, see 70.21.10;
    - advertising services, see 73.11

Founders of LLC "MANAGEMENT FINANCIAL INVESTMENT COMPANY"

MANAGEMENT FINANCIAL INVESTMENT COMPANY in the Unified State Register of Legal Entities
May 7, 2018 State registration of changes made to the constituent documents of a legal entity related to changes to information about a legal entity contained in the Unified State Register of Legal Entities, based on an application
- P13001 STATEMENT ABOUT CHANGES MADE TO THE ESTABLISHMENT. DOCUMENTATION
- DOCUMENT ON PAYMENT OF THE STATE FEES
- CHARTER OF THE LEGAL ENTITY IN THE NEW EDITION
- DECISION TO MAKE CHANGES IN THE CONSTITUENT DOCUMENTS
- QUIT. , APPLICATION
- POWER OF ATTORNEY FOR V. A. BADRIEV.
May 22, 2018 Change of information about a legal entity contained in the Unified State Register of Legal Entities
Interdistrict Inspectorate of the Federal Tax Service No. 46 for Moscow List of documents provided:
- P14001 STATEMENT FOR CHANGE. INFORMATION NOT RELATED TO CHANGES. ESTABLISHMENT DOCUMENTS (Clause 2. 1)
- STATEMENT 1, DECISION 1
- POWER OF POWER FOR BADRIEV V. A
October 4, 2018 Submission of information on registration of a legal entity as an insurer in the executive body of the Social Insurance Fund of the Russian Federation
Interdistrict Inspectorate of the Federal Tax Service No. 46 for Moscow

The methodology for assigning and updating ratings of reliability and quality of services to management companies is an Agency document containing a systematic approach to the qualitative assessment of management companies using a number of indicators grouped into six blocks.

These groups, in the opinion of the Agency, cover the most important aspects of the activities of management companies that affect the ability to manage investments, as well as the quality of services provided, regardless of short-term trends in the financial and operational performance of management companies.

The Agency carries out regular monitoring (ongoing surveillance) of rated entities.

  • Company and staff. The analyzed factors in this section include: the duration of the company, the influence of the owners on the development of the company, the experience and stability of the key personnel, the main development strategy and organizational structure.
  • Market positions. The analyzed factors in this section include: the scale of the company’s business, market share, areas of activity, sales network, characteristics of the customer base, product line, competitive advantages.
  • Investment process. The analyzed factors in this section include: the size and dynamics of assets under management, assessment of the quality and risks of infrastructure, investment strategy and portfolio of financial investments.
  • Management and control methods. The factors analyzed in this section include an assessment of the risk management system and its independence, approaches to risk management, the quality of corporate governance, the level of information disclosure, procedures for making investment decisions, accountability and control over the implementation of the adopted strategy.
  • Operational sustainability. Factors analyzed in this section include assessment of funding sources, operational efficiency (historical performance and trends), diversification of the revenue base, stability and diversification of the client base. The purpose of assessing the financial performance of this block is to assess the resource base necessary to maintain the stability and quality of the investment process, and the degree of its compliance with business objectives, the scale and specifics of the company’s activities, taking into account the proposed investment products.
  • Assessment of service quality. The factors analyzed in this section include: the quality and loyalty of the client base, the quality of investment products, the quality of customer service, control and reputation management, and the company’s professional achievements.

How to properly check an investment company? What does the rating of the most reliable investment companies in Moscow look like? What features does an international investment company have?

Hello readers of the online magazine HeatherBeaver! Denis Kuderin, an investment expert, is with you.

We continue the topic of profitable investments. A question that will be discussed in detail in a new article is how to choose an investment company.

The material will be useful to both novice investors and those who already have some experience in financial investments.

So, let's begin!

1. What is an investment company and what does it do?

Remember the main tenet of business - “money must work”? So, profitable investing is the most accessible and at the same time the most effective way to make finances work for you.

Money that is kept “in a stocking” is lost money. Even within a month, their real value decreases by several percent, and over the course of a year, inflation often reaches 10-12%.

Example

According to Rosstat (the main statistics department in Russia), in 2015 the inflation rate in the Russian Federation was 12.9%. And the cost of essential products increased by 15-17%.

Conclusion: capital should be invested in profitable investment instruments. Skillful investments create passive income - not only professional businessmen, but also all reasonable people ultimately strive for this type of income.

4. Rating of TOP-7 investment companies in Moscow

To make it easier for our readers to navigate the boundless financial ocean, we have compiled our own rating of investment companies for them.

The offices of the organizations presented below are located in Moscow, but this does not mean that residents of other cities cannot use the services of these companies.

Thanks to the Internet and the use of modern payment systems, you can make deposits from anywhere in Russia, as well as withdraw them to your accounts.

So, TOP 7 main players in the Russian financial market.

1) TeleTrade

A group of companies focused on various investment areas. Investors' money is managed by professional analysts, traders and brokers, making long-term and short-term investments in stocks, the Forex market, futures, and precious metals.

Among the advantages are 20 years of successful work in the investment market, training programs for clients (video lessons and traditional training), information support for investors.

2) Simex

– an investment platform focused on online deposits. Not only residents of the Russian Federation, but also citizens of other countries can become investors. A large selection of investment projects - investments in shares, existing businesses and promising startups.

The company's list of advantages includes a minimum initial investment, the ability to invest in two clicks, and earnings through an affiliate program with zero initial capital. Users can sell their shares to other participants.

3)

The company was founded in 1994. It has membership in the National Stock Association and provides users with trading and brokerage services, as well as annual and current financial reports.

Clients have access to a unique service on the Russian market - individual investment accounts. There is also the possibility of buying/selling shares to individuals on the over-the-counter market.

- profitable investments in developing sectors of the Russian economy. Cooperation with legal entities and individuals, consultations with investors, constant search for promising investment areas.

A course towards stable income for investors and direct participation in improving the economic situation in Russia. Full responsibility for the development and implementation of financial strategies for investors, insurance assistance in order to increase client safety.

A diversified investment company operating since 1992. Included in the TOP-6 largest organizations in the Russian Federation in terms of attracted capital. Winner of the Russian “Financial Olympus” award.

The list of investment products is extensive - brokerage services, online trading, trust capital management, trading in foreign exchange markets, venture investments, financial consulting.

– the company is part of the investment and construction holding E3 Group, founded in 2009. The main profile is real estate investment. Maintains a course for long-term deposits (due to the specifics of the investment instrument).

Among the advantages of the company are the opportunity to start with a small (for the real estate market) amount (from 100,000 rubles), three types of insurance for each deposit, and collective investments.

7) Golden Hills

Professional management and increase of private capital. Guarantee of 15% per annum with minimal risks for the investor. A new look at profitable investing and a new approach to financial management.

The company adopts the experience of Western investment companies and uses it on the Russian market. The list of areas for deposits includes stocks, bonds, gold, real estate, art, and direct investments.

For clarity, let us present the main characteristics of investment companies in the form of a table:

№ Companies Estimated profit Features of working with deposits
1 Teletrade Not fixedPossibility of Forex trading through intermediaries
2 Simex From 24%Focus on modern online technologies
3 From 20%Individual investment accounts for investors
4 Depends on the size and type of depositFocus on investment in the Russian economy
5 Depends on the choice of investment productLarge list of investment areas
6 25%-45% Investments in liquid real estate
7 From 15%Deposits in the Russian Federation and abroad

5. How to check an investment company - 5 signs that you are collaborating with scammers

In times of crisis, investors' risks increase. It's not just about economic instability, but also about the increase in the number of different types of scammers.

Many swindlers are eager to cash in on the trust of investors and invest their money not in profitable projects, but in their own pockets.

To protect your savings, act with extreme caution. There are signs by which one can easily distinguish dishonest “merchants” from bona fide participants in the financial market.

Sign 1. Lack of open financial statements and other constituent documents

Certificates, licenses and other documentation, without which the existence of an official legal entity is impossible, have already been mentioned above. I will add that self-respecting organizations are always ready to provide users with financial reports for the past and current periods.

If a company claims to have a department of traders who make money for investors in the foreign exchange/stock markets, it is required to present trading reports and trader certificates upon request.

Sign 2. No agreement was concluded between the investor and the company

Relations formalized in the form of a formal agreement are the basis for security and long-term mutually beneficial partnership.

Often on websites it is suggested to simply fill out an offer - check a box in the electronic document. More reputable companies enter into real contracts with signatures and seals. Such a document, whatever one may say, inspires more confidence.

The legal company "Center" provides a full range of services to support the creation of an independent management company in Switzerland.

A Swiss financial company has the following advantages:

  • The Swiss banking system is considered one of the most stable and reliable in the world, and the country itself is a recognized international financial center;
  • The creation of an investment company or management company in Switzerland will ensure increased attractiveness of the group structure for investors;
  • Compared to comparable jurisdictions in terms of image factors, for example, Luxembourg, the cost of maintaining a management company is lower. Moreover, it is cheaper to maintain a management company in Switzerland than in Russia;
  • An investment company in Switzerland has flexible regulation, which will make it possible to offer clients the widest possible range of financial services in accordance with international standards;
  • An opportunity for a company registered in Switzerland to participate in regulated activities in other jurisdictions. For example, the transparency of the structure may manifest itself as the ability to perform the functions of a trustee or manage real estate in Cyprus, BVI, Cayman Islands, Guernsey, Jersey, etc.;
  • Maintaining client confidentiality for CIS countries. A protocol providing for the exchange of information was signed between Switzerland and the Russian Federation, but so far the countries have not ratified it. An analysis of the document indicates the possibility of rejecting requests from government bodies on certain grounds. You can read more about the specifics of confidentiality and disclosure of information.

Types of activities available to independent management companies.

An independent management company can engage in the following activities:

  • play the role of a financial intermediary in placing their funds in accordance with the instructions of clients;
  • individual trust management in accordance with a fiduciary agreement or investment agreement;
  • attracting up to 20 deposits;
  • participation on one’s own behalf and on behalf of third parties in financial transactions (participation in pawn loans, provision of guarantees, loans, etc.);
  • acting as a trustee;
  • carrying out other transactions related to the provision of the listed services.

Swiss management company - main features.

  1. There is no need to obtain an official license from a government agency - instead of this procedure, registration with OAR-G (self-regulatory organization) is completed within 1-2 months.
  2. The need to comply with FINMA anti-money laundering requirements.
  3. Beneficiaries and/or managers (promoters of the management company) must have a good reputation.

The most important restrictions:

  • ban on managing collective investment structures (investment funds, etc.);
  • Only qualified investors can act as clients.

The main stages of creating a management company.

  1. Before registration begins, the authorized capital is paid in the amount of CHF 100,000. This amount is deposited into a special account opened in a Swiss bank.
  2. Establishment of a company in accordance with the requirements of Swiss law.
  3. Recruitment of personnel (at least one director will be required, who must have permission to work in Switzerland, the candidacy must be agreed with OAR-G).
  4. Preparation of the package of documents required for registration in OAR-G.

You can get answers to frequently asked questions.

Our company’s specialists are ready to provide more detailed information regarding the creation of an independent management company in Switzerland, as well as help in resolving other issues and problems that arise in your activities.

Mutual investment funds (UIFs) are one of the popular investment instruments. In order to invest money in mutual funds, you do not need any special knowledge, you do not need to take specialized courses, and you do not need large sums of money to invest. At the same time, mutual funds provide the opportunity to receive greater profits than investing in them, and this attracts many private investors to them.

However, in order to make money by investing in mutual funds, you need to choose the right fund. Otherwise, you risk losing not only potential profits, but also part of the invested capital.

In this article we will look at how to choose a mutual investment fund and what you should pay attention to first.

If you are not familiar with the concept of a Mutual Investment Fund, then first I recommend reading my other articles on this topic:

Amount, term, risk and profitability

Before purchasing a share in a mutual fund, an investor must decide on his goals. It is important to consider the following parameters:

  • how much amount are you willing to invest in the fund;
  • what is the investment period;
  • (i.e., actually how much money are you willing to lose in pursuit of greater profitability);
  • the expected income you want to receive.

You need to choose a fund taking into account all these factors, since they are all interconnected.

To choose the optimal fund, you need to decide what exactly you want. For example, if you plan to invest only a small amount and for a short period (up to a year), then it is better to choose open-end mutual funds, since the minimum investment amount in such funds is usually not very large - it can range from 1 to 30 thousand rubles.

If you are going to invest a significant amount (over 100 thousand rubles), then you should choose from closed or interval mutual funds. Such funds usually attract funds for a long period and have higher returns than open-end funds.

However, you need to be very careful here. Yes, closed mutual funds offer investments in potentially more profitable assets. However, these assets have a fairly high risk. For example, closed-end equity funds invest in shares of second-tier companies.

There is one more feature here that should not be forgotten. You can exit an open mutual fund at any time (i.e., sell your share to the fund). You can also leave the interval fund, however, at a time strictly defined by the contract. But you cannot exit a closed fund. To get the money back you will have to wait until the end of the trust management agreement.

In addition, you should always remember: the higher the expected return, the higher the risk!

Therefore, when you make a decision about the potential investment amount, you must take into account the fact that in the event of unfavorable developments, you may lose this amount. That is, you should always be prepared to incur certain losses. Therefore, when calculating the investment amount, you need to start from the amount of money you would not mind losing. True, it is unlikely that it will come to this, I mean a complete loss of money, but psychologically it is better to prepare for a complete loss of money.

In the operation of any mutual fund, the risk depends on its investment strategy. Here, first of all, you need to pay attention to what assets the fund invests the raised capital in. If so, then the risk is high. If so, then the risk is minimal.

It is more profitable to choose funds that do not work with any one type of asset, but invest in them; these are the so-called mixed investment funds, when money is invested in both stocks and bonds. Here, as a rule, the risks are balanced, and the income will be higher than when investing in bonds alone. Example in the picture below:

Choosing a management company

Now that you have determined what amount, for what period, you are ready to invest in a mutual fund, and have also chosen one that is suitable for you, you need to choose a reliable management company (MC).

Since the property of mutual funds is managed by a management company, the reliability of a particular fund directly depends on the reliability of its management company.

To make the right choice, you need to take into account several important indicators that characterize the activities of the management company. The main indicators can be found out from the official ratings of management companies, which are compiled and published by rating agencies. In Russia, the work of management companies is assessed by: “National Rating Agency” (NRA), Rating Agency “National Association of Stock Market Participants” (RA NAUFOR) and Rating Agency “Expert” (RA Expert).

It is important to pay attention to the following ratings:

  • AAA– maximum reliability;
  • A.A.– very high reliability;
  • A– high reliability;
  • BBB– sufficient reliability;
  • BB– average reliability;
  • B– satisfactory reliability;
  • CC– low reliability;
  • C– low reliability;
  • D– category " ".

All management companies included in the reliability rating from AAA to B are considered reliable. You can work with such companies. You can also work with everyone else, but these are less reliable companies.

You can view the reliability rating of Russian management companies on the official NRA website http://www.ra-national.ru/?page=raiting-uk-individual

In addition, you can compare the level of reliability of the selected company according to the rating from RA Expert, which is also regularly published on the official website of the rating agency at: http://raexpert.ru/ratings/managing/

The size of the company's equity characterizes its reliability and gives investors confidence that if the investor suffers losses due to the fault of the management company (for example, the requirements of legislation or regulatory documents are violated), then the losses will be compensated from the management company’s own funds. In addition, the greater the equity capital of the management company, the higher the quality of service in this company.

The amount of net assets shows efficiency. This value is defined as the difference between the assets available to the company and its liabilities. As a rule, in large management companies that have a large net asset ratio, there is more room for action and investments in them are less risky.

However, it is important not only to estimate the size of net assets, but also to consider their dynamics over time. If there are sharp jumps in one direction or another, this indicates mismanagement and unreliability of the company.

You can view the rating of management companies based on the size of their own assets on the website investfunds.ru on the page http://pif.investfunds.ru/funds/rate_management.phtml

This rating shows How popular is the management company among investors?, and how much money she managed to raise. However, here you should also pay attention not only to the amount of capital raised, but also to the number of clients.

For example, the participation in some funds of this management company of a small number of shareholders with large shares may lead to the fact that when one of them leaves the fund, the total amount of the company’s assets will sharply decrease. However, the fact that a management company currently has a very large number of investors also does not always indicate its reliability. It is possible that this is the result of a competent advertising campaign.

Like other indicators, the capital raised and the number of clients of each management company you are analyzing must be considered over the past few years. And the more years the fund exists, the better. Since the fund’s performance for 2-3 years is not the same as the performance for 5-10 years.

In the short term, the fund's high performance may not be entirely believable. For example, if there was an overall rise in the stock market, as was the case from the early 2000s to 2007, then it would be a sin not to show the profitability. At that time, the market was growing and there was no need to make special efforts to generate income. From 2007 to 2012, the market was unstable. In such conditions, real professionalism is needed to show good results.

In addition to the rating indicators listed above, when choosing a management company, it would not hurt to find out who owns it. If the founder of the management company is a large well-known bank or financial company, this allows us to speak about the reliability of the management company. However, such a company cannot guarantee high income, since this indicator depends only on management efficiency. And no big name can replace this.

Choosing a mutual fund

Finally, when a reliable company (or range of companies) has been identified, you can proceed to the actual selection of a mutual investment fund. Here you should also pay attention to several important parameters. Let's take a closer look at them.

Duration of operation of a mutual fund

The period of operation of a mutual fund can be called one of the most important and indicative criteria when choosing. The advantage of old funds is that you can trace the dynamics of their work and evaluate stability and profitability. That is why the high returns of the fund, which has been operating on the market for several years, can be considered reliable and can be trusted. But the high profitability of a newly formed fund does not mean anything, since at any moment such a fund can become unprofitable due to management errors.

Mutual Fund profitability

No mutual fund guarantees returns to its investors. This indicator depends on various factors, so it is considered the most controversial indicator of the reliability and efficiency of a particular fund. You cannot rely on the high returns demonstrated by the fund at the present time. There are clear examples where the leaders of this rating, seemingly very successful and reliable funds, rapidly lost their positions.

Therefore, it is necessary to evaluate profitability indicators over several years. Since you need to understand that the profitability shown by the fund now does not necessarily have to remain the same in the future.

You need to choose a mutual fund that consistently brings its investors, albeit not the maximum, but still profit, and is also regularly among the leading funds.

Of course, you can take a risk and invest in a new fund formed by a young management company. Sometimes such funds demonstrate record returns (50% or more) in their first year of operation. But in this case, you must understand that you can unexpectedly lose everything. If you are ready to take this risk, you can try to catch your luck.

let's consider example of evaluating the performance of two funds: young and old, who are among the most profitable for the last quarter, according to investfunds.ru.

  1. Troika Dialog - Infrastructure (Management Company Troika Dialog). This is a young mutual fund, operating since February 25, 2011. Full information about the fund is here: http://pif.investfunds.ru/funds/2103/
  1. TKB BNP Paribas – Russian Electric Power Industry (Management Company TKB BNP Paribas Investment Partners). A relatively old fund, operating since January 24, 2003. Full information about the fund is here: http://pif.investfunds.ru/funds/75/

Graphs of changes in the value of the share and the value of the net assets of the Troika Dialog fund - Infrastructure.

The fund has been operating only recently, however, it demonstrates a pronounced positive dynamics in the increase in the value of the unit. This is clearly visible on the graph. However, the graph of changes in net assets (NAV) shows sharp jumps, which may indicate some instability. Making long-term investments in such a fund can be risky.

Consider the following example of TKB BNP Paribas - Russian Electric Power Industry.

Graphs of changes in the value of the share and the value of the net assets of the TKB BNP Paribas fund - Russian Electric Power Industry for 3 months of 2012 and the last 3 years.

This fund has been operating for more than 9 years. The graph shows a clear relationship between profitability and changes in the value of the fund’s net assets. In 2011 there was a sharp decline and a decrease in profitability.

However, studying the indicators of the last 3 months, we can say that there is a clear upward trend, so investing in such a fund now may be profitable.

Investment fund size

The size of a mutual fund is determined by the value of its net assets in rubles. You can find out the size of each fund in the rating of mutual funds by net assets, which is regularly published on the website investfunds.ru on the page http://pif.investfunds.ru/funds/rate_sca.phtml

Experts advise avoiding mutual funds that are too small or too large. The former may not be able to cover their current expenses (staff salaries, rent, etc.), and, therefore, will offer inflated commissions and make money from their investors. The latter are less maneuverable, as they incur additional costs when selling or buying large assets into their portfolio.

Costs and payments

Before concluding an agreement with a mutual fund, find out what payments are provided, as well as how much the services of the management company cost.

First of all, find out about the commissions charged by the management company from its shareholders. There are two main ones:

Surcharge – a commission that is charged to a shareholder when purchasing a share in the fund. As a rule, it depends on the share amount (the larger the deposit, the lower the commission). It is charged immediately upon purchase and can reach 1.5% of the share amount.

Discount – commission charged by the management company upon redemption of a share. The size of the discount depends on the term of the deposit; the discount can be up to 3% of the value of the share.

These commissions are direct damage; they directly reduce your potential income, so you should definitely take their value into account when choosing a mutual fund.

For clarity, let’s take the funds discussed above.

For the Troika Dialog – Infrastructure fund, the following premium and discount parameters have been established.

Surcharge:

  • 1.5% when purchasing a share up to 1 million rubles, 1% – from 1 million to 5 million rubles, 0.5 – more than 5 million rubles. (when submitting an application to the agent of JSC Banca Intesa).
  • 1.2% when submitting an application to an agent of Sberbank of Russia OJSC, regardless of the amount.
  • 0% when purchasing a share from the management company itself.

The discount is 1%.

For the TKB BNP Paribas fund - Russian Electric Power Industry, slightly different parameters have been established.

Management premium: 1.5% when purchasing a share worth up to 50 thousand rubles, 1% - from 50 to 300 thousand rubles, 0.5% - over 300 thousand rubles.

Management company discount: 2% if the period of ownership of the share was less than 180 days, 1% - from 180 to 365 days, 0 - over 365 days.

The difference, as we see, is obvious. If you purchase a share from the management company itself, then you save significantly when purchasing a share in the Troika Dialog - Infrastructure fund.

In addition, there are also expenses that are added to the total amount of the fund and are deducted daily from the value of its assets.

This is a remuneration for the management company, payment for the services of a registrar, depository, auditor, etc.

Here is an example of one management company:

However, there is a peculiarity here. When the management company shows you the fund's profitability indicators, it is calculated after deducting these expenses.

Those. if a company's services are expensive, but it brings great profits, it is better to choose it rather than one that is cheaper to maintain, but less profitable.

Expenses should be taken into account when choosing index funds. In this case, the result of management of different companies will in principle be the same. There is simply no point in overpaying for service.

Opportunity to sell shares on the secondary market

This characteristic is important when investing in interval and closed-end mutual funds. This is not relevant for open ones. The secondary market makes it possible to sell and buy investment shares regardless of the opening time of the intervals. In fact, the circulation of shares of various mutual funds is carried out without the participation of management companies. Often, shares are redeemed by banks or financial companies that are part of the same financial group as your fund management company.

For interval and closed-end mutual funds, the presence of a secondary market for shares is a big plus. Since you can always sell your share before the interval expires.

Let's sum it up

So, when choosing a mutual investment fund, first of all you need to:

  1. determine your goals (deposit amount, investment terms, acceptable risks and desired level of profitability);
  2. choose a reliable management company by assessing the performance of several management companies that suit you over the past few years;
  3. From the funds offered by this management company, choose the most stable mutual fund that meets all your requirements.

P.S. If you want to expand your knowledge in the field of investing and get your hands on proven instructions on choosing the most attractive financial instruments with which you can get high profits, we recommend studying the training course ““.

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