Investment Conditions for ThaiESGX

Invest in ThaiESGX in accordance with related terms and conditions to gain full tax benefits

Investment Conditions for ThaiESGX
Investment period	For new investments Investment units must be held for at least 5 full years from the date of investment. For units switched from existing LTF holdings Investment units must be held for at least 5 full years from the date the LTF units are switched into ThaiESGX.
Investment Continuity	There is no requirement to invest continuously every year. The investment period and related conditions shall be in accordance with the criteria prescribed by the Revenue Department.
Annual Minimum Investment	There is no set minimum investment.
Annual Maximum Investment	For new investments Investment in the Thai ESG / Thai ESGX fund is limited to no more than 30 percent of taxable income per year, with a maximum of 300,000 Baht (starting from 2026, new/additional investments in Thai ESGX will be the same limit as the Thai ESG fund). This limit does not include retirement funds, such as Retirement Mutual Fund (RMF), Provident Fund/Government Pension Fund (GPF), and Annuity Life Insurance. Investors must hold the funds for at least five full years from the investment date. For units switched from existing LTF holdings For tax year 2025, all LTF investment units held across all funds and all asset management companies must be switched into the Thai ESGX fund. The tax deduction is available up to a maximum of THB 300,000. For tax years 2026–2029, any amount exceeding THB 300,000 may be claimed as an equal portion in each year, capped at THB 50,000 per year. However, if any LTF units are redeemed or switched (including switching into another LTF) on or after 12 March 2025, the investor will not be eligible for the tax benefits.
Breach of Investment Conditions	Any capital gain from the sale of investment units limited to the portion that does not qualify for a tax deduction, or gains arising from a non-compliant redemption shall be treated as income in the year of redemption and must be included in the personal income tax calculation, even if the investment units have been held for more than five full years.
Excess investment over the eligible limit	In the event that ThaiESGX investment exceeds the eligible limit (the portion exceeding 30% of taxable income or exceeding THB 300,000) 1.The purchase amount attributable to the excess portion is not eligible for a tax deduction. 2.Any capital gain arising from the redemption of investment units attributable to the excess portion will be treated as income in the year of redemption and must be included in the calculation of personal income tax, even if the investment units have been held for more than 5 years.
Practices in case of breach	1. Capital gain from non-compliant redemption is deemed as taxable income in the year of redemption. KASIKORN ASSET MANAGEMENT shall deduct a withholding tax from the gain of not less than one Baht, based on the personal income tax rate. 2. The entire amount of tax exemption must be returned to the Revenue Department, plus a surcharge of 1.500% per month on the amount of exemption, starting from the month of April of the year when the exemption was requested to the day the tax payment is made.
ThaiESGX Investment Manual Ministerial Regulation No. 398	The tax benefits applicable to the ThaiESGX Fund shall be in accordance with the criteria prescribed by the Revenue Department.

Investment Conditions for ThaiESG

Invest in ThaiESG in accordance with related terms and conditions to gain full tax benefits

Investment Conditions for ThaiESG
Investment period	Investment units must be held for at least 5 full years from the date of investment.
Investment Continuity	There is no requirement to invest continuously every year. Investments made in any year may be claimed as a tax deduction in that year. (Eligible period for claiming the tax deduction: 21 November 2023 – 31 December 2032.)*
Annual Minimum Investment	There is no set minimum investment.
Annual Maximum Investment	•Not exceeding 30% of taxable income per year and notexceeding THB 100,000 (for investments made during 21 November 2023 – 31 December 2023). • Not exceeding 30% of taxable income per year and not exceeding THB 300,000 (for investments made from 1 January 2024 onwards).*
Breach of Investment Conditions	• In the event of a breach of the investment conditions, or if the investment units are redeemed before the completion of the 8-year holding period* (calculated from the date of purchase of the investment units – for investments made during 21 November 2023 – 31 December 2023). • In the event of a breach of the investment conditions, or if the investment units are redeemed before the completion of the 5-year holding period* (calculated from the date of purchase of the investment units – for investments made from 1 January 2024 onwards).*
Excess investment over the eligible limit	In the case where an investment in Thai ESG exceeds the eligible limit [i.e., the portion exceeding 30% of taxable income or exceeding THB 100,000* (for investments made during 21 November 2023 – 31 December 2023) / THB 300,000* (for investments made from 1 January 2024 onwards)]: 1. The purchase amount attributable to the excess portion is not eligible for a tax deduction. 2. Any capital gain derived from the redemption of investment units attributable only to the excess portion shall be treated as income in the year of redemption and must be included in the calculation of personal income tax, even if the investment units have been held for more than 8 years (for investments made during 21 November 2023 – 31 December 2023) / 5 years* (for investments made from 1 January 2024 onwards).*
Practices in case of breach	1. Capital gain from non-compliant redemption is deemed as taxable income in the year of redemption. KASIKORN ASSET MANAGEMENT shall deduct a withholding tax from the gain of not less than one Baht, based on the personal income tax rate. 2. The entire amount of tax exemption must be returned to the Revenue Department, plus a surcharge of 1.50% per month on the amount of exemption, starting from the month of April of the year when the exemption was requested to the day the tax payment is made.
ThaiESG Investment Manual Ministerial Regulation No. 395	*Note: The tax privileges applicable to the ThaiESG Fund shall be in accordance with Ministerial Regulation No. 395 (B.E. 2567).