Now every newborn at any Asiri Hospital will be gifted with an investment of Rs 5,000 in the Softlogic Money Market Fund allowing the child to look forward to a future of seamless education possibilities.
An investment in the Softlogic Money Market Fund is much like investing in a Bank Savings account or Fixed deposit but, with a better return. Also just like in a Bank Savings account (and unlike in a Fixed Deposit) you can go ahead and withdraw your money anytime without a fee. The money that is invested in the Softlogic Money Market Fund is pooled together and invested in government securities like Treasury Bills, Bonds, Commercial Papers etc. to ensure investors get a good return.
The account will be a minor account that will initially be opened jointly under the name of the Mother. Once the name of the newborn has been decided, our call center team will contact the parents and get the child’s name added to the account as well.
Your newborns’ investment goes into a bigger cash pool, which includes the investments of thousands of other
investors. The fund account is maintained at HNB bank and regulated by them and the Securities Exchange Commission of Sri Lanka. We also have an experienced Fund Management team that manages the investments in order to ensure investors get a good return on their investments.
There are several ways you can invest more and keep track of how your investment is doing:
Yes, grandparents, relatives, friends and others can invest on behalf of the newborn by using the account number as a reference number (The account number is mentioned in the Fund Certificate)
All they need to do is go to any HNB bank and do a direct bank deposit, cheque deposit or even an online transfer. Bank details are A/C number 003010534505, Hatton National Bank – Head Office Branch.
Branch Code – 003.
Since this is a minor account, withdrawals cannot be made from this account until your child turns 18 years.
However, once the child turns 18, he/she will get full access to the account and can withdraw the fund or continue to invest in it, if that’s what that they choose to do.
For more information call us on our hotline 0112 104 304 and we will be happy to talk to you!