Investment guide

At the bank, we strive for a wise choice of investments and give our clients a detailed understanding of mutual fund investments and related conditions and costs.

Licensed professionals make sure clients get products suitable to their wishes and needs.

Investor profile

Define your attitude to risk.

It serves as a guideline for suitable investments.

The basis for doing business with mutual funds (also in Bank@Net and mBank@Net).

Advantages of investment in mutual funds

Easy access to financial markets.

No strings attached.

Great dispersion.

Liquidity.

How to successfully save in mutual funds

Our commitment

	Expertise.
	Professionalism.
	Transparency.
	Adaptability.
	A selection of the highest quality foreign and Slovenian management companies.
	Digital solutions.

Your commitment

	Choose a fund suitable for your profile.
	Define your goals and when you want to achieve them.
	Invest now and regularly.
	Invest for the long term.
	Stay true to your investment goals.
	Track your investments in Bank@Net and mBank@Net.

Everything you need to know about mutual funds investment

What is a mutual fund and how does it work? 

A mutual fund is a pool of assets of small and individual investors with the purpose of investing in securities such as shares, bonds, derivative financial instruments, and other forms of investment (raw materials, money, deposits, etc.). The management of the fund is always per the fund's investment policy, which is described in the rules of operation and the extract from the prospectus of the individual mutual fund.

Mutual funds are managed by professional and experienced asset managers.

Assets of mutual funds are managed by investing in shares, bonds, short-term securities, bank deposits, and other investments, depending on the type and investment policy of the individual mutual fund. The owners of mutual funds are investors who invest money in them and thereby buy units of the mutual fund. By paying into the fund, the investor becomes the owner of a proportional part of the mutual fund's assets. The company manages the fund exclusively for the benefit of the fund owners or investors.

What is meant by diversification of investments in mutual funds? 

The mutual fund consists of investments in securities of various issuers. DZU allocates the funds of the mutual fund in different types of investments. Considering that the assets of the mutual fund consist of a large number of investments, the impact of one unprofitable investment on the assets of the mutual fund is very small.

A greater number of investments in the securities of companies with a high credit rating and the appropriate diversification of these investments thus ensure greater investment security.

A mutual fund could theoretically fail if all issuers of securities (companies, state institutions, banks, etc.) in the fund's portfolio fail at the same time.

What is the return on mutual funds? 

The profitability and level of security in mutual funds depend on the type of mutual fund chosen.

Bond funds (government investment and/or corporate bonds) generally achieve a lower annual return and at the same time offer a higher level of security (a lower volatility).

As a rule, equity funds achieve a higher long-term (recommended minimum investment period is 10 years) average return and are more volatile at the same time.

Mixed funds are a combination of the above-mentioned types of mutual funds and generally offer a combination of returns and safety.

The profitability of mutual funds is not guaranteed, as mutual funds depend on the movement of securities on the stock exchange.

What is DZU? 

DZU is an abbreviation for a management company. DZU is an independent legal entity with separate assets from those of investors (mutual fund assets).

DZU is the company that manages the fund's assets.

Investors need to know that in case of bankruptcy of the company, this does not affect their assets in mutual funds. In this case, another DZU will take over the management of the funds.

How do investments in funds affect social transfers? 

Little or nothing for the vast majority of investors.

How do investments in funds affect child allowance, state grants, and kindergarten subsidies?
The short answer is: for the vast majority of investors, little or nothing.
The state understands that the family creates and needs assets and savings.

The rights are determined based on income and assets.
The right to child allowance, state scholarship, and kindergarten subsidy is determined on the basis of the family's income in the previous calendar year and the family's assets.
If the amount of the family's monthly income has changed significantly (for example, for at least three months in a row, the parent receives a lower salary than in the previous year), the general income of the family is taken into account based on such a changed inflow.

Income is generally everything that is subject to income tax.
Investments in mutual funds are considered family assets.

Many assets are NOT considered:

apartment or a house in which a person actually lives and which does not exceed suitable square footage - for example, for a family of two, 90 m², for a family of four, 130 m²
a personal vehicle worth up to 10,781.14 EUR and personal vehicles adapted for the transport of disabled
an asset that is paid off on a lease
assets that are a source of income for the family, for example, business premises, machinery, land (agricultural, forest, and water) that provide income
funds in the voluntary supplementary pension insurance account
money in the account from an unused home loan

When making a property value assessment, which is taken into account when deciding on the rights, the family is entitled to a reduction in the amount of 48 times the basic amount of the minimum income, which is currently 18,852 euros.
Therefore, if the family's assets do not exceed 18,852 euros, it has no effect on the right to child allowance at all.
If the family's assets exceed this amount, the difference in assets is taken into account as providing a fictitious annual income comparable to fixed deposits over one to two years - currently 0.40%.

Let's look at an example of the influence of a family's assets on the amount of the basis for determining the child allowance, state scholarship, and/or subsidy for kindergarten.
In a family of four, both parents are employed with an average monthly salary in Slovenia, so they can absolutely apply for child allowance, state scholarship, and kindergarten subsidies. They are concerned about how the family's assets will affect the amount of rights or subsidies.
The family lives in an 85 m² apartment (it is not included in the assets, because it is less than 130 m²), and has a one-year-old car, which is worth another 12,500 euros (only the difference from the exemption is included in the assets), and another car, 8 years old (it is not included in the property, because it does not exceed the value of 10,781.14 euros).
Each family member has a savings deposit at the bank, where the parents each have 8,000 euros and the child 500 euros each, and the mother also has 3,000 euros in mutual funds.

Owner	Type of property	Amount in €	Considered value in €
Father	Savings in the bank	8.000,00	8.000,00
Father	Personal car	12.500,00	1.718,86
Mother	Savings in the bank	8.000,00	8.000,00
Mother	Securities - fund	3.000,00	3.000,00
Child 1	Savings in the bank	500,00	500,00
Child 2	Savings in the bank	500,00	500,00
Together		32.500,00	21.718,86
Decrease in property value	48 basic amounts of minimum income		-19.304,64
The total amount of assets taken into account			2412,22
Fictitious income from the amount considered	0,40%		9,65

Therefore, this family's assets increase the amount for the assessment of entitlement to child allowance, state scholarship, and/or subsidy for kindergarten by 11.46 euros per year.

The system is explained in detail in Act on the enforcement of rights from public funds (ZUPJS)
It is also explained on the page Ministries of Labour, Family, Social Affairs and Equal Opportunities.

Warning: The Nova KBM is not competent to calculate the basis for determining the rights of the family, the centers for social work are responsible for this on the basis of the Application for the exercise of rights from public funds. The article is prepared on the basis of current legislation and explanations on the website of the competent ministry with the aim of outlining the system for determining the basis for rights. A detailed explanation is available in the Act on the enforcement of rights from public funds.

Can I buy, sell and transfer funds between mutual funds myself? 

After the first visit, when your investor profile has been prepared and we have the appropriate documentation for you - the application form, which you prepare in our branches, you can arrange investments in mutual funds in all our branches, and now also by yourself through Bank@Net and mBank@Net.

Online and mobile transactions (buying, selling, and transferring) with mutual funds Sava Infond and Raiffeisen Capital Management are available. For the time being, Triglav Funds are available to view and purchase existing mutual funds.

What types of funds do we know? 

 Umbrella fund – Sava Infond and Triglav Funds

An umbrella fund is a fund that has sub-funds under its umbrella (equity, mixed, and bond funds). The advantage of an umbrella fund is that transitions between sub-funds are free and not taxed. The investor can switch between different sub-funds and thereby optimize his investment.

 Fund of funds – Raiffeisen Capital Management (RCM)

For funds of funds (Sicherheit, Ertrag, and Wachstum) it is considered that there is a greater number (up to 20) of funds in the investment portfolio itself. The difference between an umbrella fund and a fund of funds is that the investor has no influence on which funds are in the portfolio and what ratio. Experienced and professional asset managers take care of the range of funds and the relationship between them.

 Equity mutual funds

Equity mutual funds invest in shares of various companies. In these funds, the investor is expected to generate higher returns in the long term. Such investments are subject to higher volatility and are more dependent on economic conditions. They are suitable for investors who have an investment period of 10 years or more.

 Mixed mutual funds

Mixed funds invest in equity and bond investments. The purpose of this type of fund is to reduce exposure to only one investment class. Mixed (balanced) funds are intended for investors who want to have balanced exposure to both investment classes. Namely, debt securities (bonds) offer a lower yield (a lower volatility), while equity investments offer a higher yield (higher volatility). The recommended investment period is 8 years and more.

 Bond mutual funds

Bond funds invest their assets mainly in government and corporate bonds. These types of funds are less exposed to volatility and, as a result, bring lower returns. They are especially suitable for investors who want a calm investment with lower returns. The recommended investment period is 5 years and more.

What is VEP and how is it calculated? 

VEP is an abbreviation for the value of a unit of property. It tells us how much one unit of the fund's assets is worth on a given day.

VEP is calculated for business days by deducting liabilities and provisions from the fund's total assets and dividing the resulting difference by the number of all assets in circulation. The number of units in circulation increases or decreases depending on deposits and/or withdrawals of funds from the fund.

Where can I monitor deposited funds? 

In our bank, we provide all investors with a 24-hour view of the value of deposited funds in the online and mobile bank. A condition for access is signed consent (Sava Infond).

You can also inquire about the status of your investment from investment experts in all Nova KBM branches.

Who are mutual funds suitable for? 

In mutual funds you can a wide variety of profiles upload funds:

natural and legal persons,
young and old,
experienced investors and investors who are encountering investment in mutual funds for the first time,
conservative and dynamic investors,
investors with large assets and individuals who want to save with monthly payments.

What is capital gains tax? 

Investors in the Republic of Slovenia are obliged to pay capital gains tax in case of a payout:

Investment period	Amount of tax on capital gains
0 – 5 years	25%
5 – 10 years	20%
10 – 15 years	15%
over 15 years	no capital gains tax

How do I activate Bank@Net and mBank@Net? 

The login information is the same for both channels. You need a tax number and a mobile phone, a payment card, then you can register yourself in just 1 minute (the process is the same if you do it via phone or computer). See how simple it is here.

Do not overlook:

 BEFORE INVESTING IN MUTUAL FUNDS

 SELECTION OF MUTUAL FUNDS AND METHOD OF PAYMENT

 DURING THE INVESTMENT

 UPON PAYMENT

 BUSINESS THROUGH BANK@NETA AND MBANK@NETA

 BEFORE INVESTING IN MUTUAL FUNDS 

Investment period and objectives.

Long-term or short-term investment?

Payment options.

Brochure of the Consumers' Association of Slovenia and the Association of Management Companies.

 SELECTION OF MUTUAL FUNDS AND METHOD OF PAYMENT 

Proper portfolio structure

One time payment

Monthly payment

Combination of one-time and monthly payments

 DURING THE INVESTMENT 

Investment flexibility

What to do if exchange rates fluctuate?

Exchange between funds

Entry and management fee

Where can I track my investment?

 UPON PAYMENT 

Capital gains tax

Exit costs

How do I withdraw my savings?

 BUSINESS THROUGH BANK@NETA AND MBANK@NETA 

After completing the first declaration of accession and creating an investor profile, which you edit in the branch, you can then do business with mutual funds Sava Infond and Raiffeisen Capital Management yourself (buy, sell, or transfer fund units). For the time being, Triglav Funds are available to view and purchase existing mutual funds.

If you are not yet a Bank@Net or mBank@Net user, activate it yourself in just 1 minute.

ESG investments

Investors who are aware of sustainability and social responsibility can choose from such funds managed by RCM, Sava Infond, and Triglav Skladi.

Manager	Title of VP	Website
RCM	Nachhaltigkeit Rent	https://skladi.nkbm.si/rcm-skladi/AT0000689971
RCM	Nachhaltigkeit Mix	https://skladi.nkbm.si/rcm-skladi/AT0000785381
RCM	Nachhaltigkeit Momentum	https://skladi.nkbm.si/rcm-skladi/AT0000A20EY5
RCM	Nachhaltigkeit Europa Aktien	https://skladi.nkbm.si/rcm-skladi/AT0000785225
RCM	Nachhaltigkeit US Aktien	https://skladi.nkbm.si/rcm-skladi/AT0000764766
RCM	Nachhaltigkeit Emereging Markets Aktien	https://skladi.nkbm.si/rcm-skladi/AT0000497268
RCM	Raiffeisen Health and Wellbeig-ESG-Aktien	https://skladi.nkbm.si/rcm-skladi/AT0000A1TB59
RCM	Nachhaltigkeit Aktien	https://skladi.nkbm.si/rcm-skladi/AT0000677927
RCM	Nachhaltigkeit Mega Trends ESG Aktien	https://skladi.nkbm.si/rcm-skladi/AT0000A28LJ4
SAVA INFOND	Družbeno odgovorni	https://www.infond.si/infond-druzbeno-odgovorni
TRIGLAV	Zeleni	https://www.triglavskladi.si/triglav-zeleni

 WARNING TO INVESTORS

 WHAT DO YOU NEED?

 GENERAL INFORMATION

 WARNING TO INVESTORS 

Infond mutual funds are managed by the company Sava Infond, družba za upravlenje d.o.o., mutual funds Raiffeisen Capital Management (hereinafter: RCM) are managed by the company Raiffeisen Kapitalanlage - Gesellschaft mbH, BNP Paribas funds are managed by BNP Paribas Investment Partners, funds Allianz Global Investors Fund are managed by the company Allianz Global Investors Luxembourg SA, Deka Investmentfunds funds are managed by Deka International SA, Luxembourg.

The companies Allianz Global Investors Luxembourg SA and Deka International SA, Luxembourg have decided to deregister all their mutual funds in Slovenia.

Marketing, distribution, and payments of Infond funds and RCM and BNP Paribas funds in Slovenia are carried out by Nova KBM d.d.

Mutual funds are not a banking service and do not provide guaranteed and guaranteed returns. Investments in mutual funds are not covered by the deposit guarantee system, which applies to deposits of individuals and small legal entities in transaction accounts, savings deposits, cash deposits, and cashier's notes, which are registered in the name, and collected at banks and savings banks.

A prospectus with included management rules for each Infond fund or The Sales Prospectus, Key Information for Investors, and Annual and Semi-Annual Reports are available free of charge on the websites of the Infond Funds, RCM Funds, and BNP Paribas in the Mutual Funds section, at the headquarters of Nova KBM dd and all branches of Nova KBM d.d.

Due to fluctuations in the exchange rates of securities and currencies, it is possible that the investor will not get back all the funds he invested in the mutual fund during the investment period. Data on changes in the value of RCM and BNP Paribas mutual fund units are published daily in the newspaper Časnik Večer. Entry fees or the distribution fee for individual funds is mostly between 0 and 3 percent of the amount paid. There is no exit fee, the management fees of individual funds can be seen on the websites of Infond funds, RCM funds, and BNP Paribas.

The information on this website is not an offer, a recommendation to buy or sell, nor an investment analysis, and does not constitute investment advisory services, but is informational only.

To obtain information on the suitability of an individual investment and accurate data regarding investment in a mutual fund, the investor or the potential investor contacts his financial advisor or the enrollment office.

 WHAT DO YOU NEED? 

Natural persons:

valid personal document (identity card, passport, or new driver's license),
certificate of tax number,
personal account number (we recommend an account with Nova KBM for faster transfer of funds).

Legal entities:

an extract from the court register, which is not older than three months,
tax number of a legal entity,
business account number,
personal document of the legal representative,
tax number of the legal representative,
form with data on natural persons who have at least 25% of the management rights in the legal entity.

For more detailed information on the arrangement of contractual documentation for legal entities, we are available in the Investment Banking and Custodial Services Department.

 GENERAL INFORMATION 

You can use different payment methods to save or invest funds in mutual funds:

individual or one-time payments,
monthly payments (an option of concluding a permanent loan/direct debit),
a combination of both options (you pay the larger amount once, but you also enter into a monthly recurring/direct debit).

We do not charge a fee when paying into mutual funds with a payment order at Nova KBM branches.

Stories from our customers

Nova KBM

Saving for retirement

"When I was younger, I never thought about retirement because retirement seemed so far away."

MATJAŽ'S STORY

When I was younger, I never thought about retirement because retirement seemed so far away. However, after 15 years of work, I calculated what kind of state pension I can expect.

I only started thinking about it when my parents retired and I saw the amount of their pensions.

A minimum percentage is set for the assessment of old-age pensions. Considering the downward trends of the latter and the increase in working years for calculating the pension base (40 years), it was clear to me that the pension base is gradually decreasing.

With the help of an investment professional, I did the math based on my income and found the following. With a net pension base of 1,000 EUR (calculated on the basis of my actual income of EUR 1,200 - including travel expenses and lunch), the calculation showed me that I would have a state pension of 635 EUR.

ADVICE FROM BANKING EXPERTS THAT BENEFITED ME:

Based on the calculation of the expected amount of the pension, taking into account the currently valid pension legislation, we suggest saving in mutual funds, as it offers potentially higher returns and thus more saved funds at retirement.

Considering the cost of living, which is anything but low, I have estimated that this is, unfortunately, insufficient for my needs. In the long run, I would like to ensure at least an approximately equal income between the working period, i.e. my net salary, and my pension.

I checked the range of mutual funds on Nova KBM's website and decided on this type of investment, which will help me achieve my goal - to live a decent life even in retirement. I would definitely not want to be a (financial) burden to my children. At the same time, I think it is important to ensure a good basis for a quality life even when we are no longer working.

After meeting with an investment professional, I found the following. Mutual funds offer me a transparent and transparent way of monthly savings. At any moment, I have insight into the state of my saved funds (online and mobile bank). At the same time, it is a very cost-effective saving, as the entry fee is only 1.5%.

An investment expert and I calculated:

If I set aside 100 EUR per month for saving for the next 25 years, I will save 57,929.91 EUR at an estimated annual return of 5%. This means that I will be able to pay myself an additional pension of 346.59 EUR in retirement and thus make up for the pension gap.

Nova KBM

Saving for children's education

"Parental responsibility for me is primarily that my partner and I ensure long-term family financial stability."

A MINORITY STORY