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Home / How to Invest

How to Invest

Buying units takes four steps. Here they are, with no small print.

Choose a fund

Based on the level of risk you are prepared to take and your time horizon. Compare all four on the Funds page or call us for guidance.

Review the documents

Before placing an order you must review at least the minimum set of documents. By signing the order form (contract) you declare that you were given this opportunity.

Transfer the amount to the fund’s account

Each fund’s IBAN is shown on its page.

Place an order

In person at the office (any business day from 9:00 to 16:30, 28 Aksakov Street) or by email (trend@trend-am.com) with a qualified electronic signature. Online submission is available only if you are already an identified client — for a first investment, please visit our office. The payment order or deposit slip for the amount paid is attached to the order form.

Minimum set of documents to review before ordering

In line with the declaration in the order form (contract), before you invest you must have the opportunity to review (in summary — the full list with direct links is on each fund’s page):

Each fund's documents are on its page and in the Documents section; paper copies are available free of charge at the office. The KID is provided free of charge in good time before the transaction is concluded.

Timeframes: purchases are executed within 7 days, sales (redemptions) within 10 days; confirmation is sent by the end of the business day following execution.
Selling: at any time, without notice, at the applicable price, which will be determined on the next business day after the order is placed — see “How to sell” on the page of your chosen fund.
Fees: shown on each fund's page and in the schedule of charges.

Investment calculator

Projected value:8 144 €
Amount invested: 5 000 €Projected gain: 3 144 €

The result is illustrative, calculated using an example return that you specify. It is not a forecast, promise or guarantee of future results and is not investment advice.

What is a contractual fund?
A common portfolio in which many investors pool their money. A professional team manages it and you own units in it. The unit value is calculated and published every business day.
The legal definition
Trend Equity Fund, Trend Balanced Fund and Trend Conservative Fund are collective investment schemes under Article 4(1) of the Collective Investment Schemes Act, established as contractual funds (Article 5(1) and (2)) — separate pools of assets investing money raised through a public offering in transferable securities and other liquid financial assets under Article 38(1) of the Act, on the principle of risk spreading.
Trend Bonds is an open-ended national investment fund organised as a national contractual fund under Article 171(5) of the same Act — likewise a separate pool of assets investing on the principle of risk spreading (Article 171(1)). Under Article 171(1), national investment funds are not collective investment schemes; nor is the fund an undertaking within the meaning of Directive 2009/65/EC.
What is the minimum investment?
For Trend Equity Fund and Trend Balanced Fund the prospectuses set no minimum purchase amount. For Trend Conservative Fund the minimum purchase per transaction is €511.29, and for NIF Trend Bonds it is €5,112.92 (applying both to an initial investment and to each subsequent top-up). The minimum redemption value per transaction is €511.29 for the Conservative Fund and €5,112.92 for NIF Trend Bonds.
Is the investment guaranteed?
No. An investment in a contractual fund is not a bank deposit — it is not covered by the Deposit Insurance Fund or by any state or other guarantee. The value of the units follows the market prices of the assets in the portfolio: it can rise, but it can also fall, and you may get back less than you invested; profit is not guaranteed. What is protected is your ownership of the units — the assets are safe-kept with the depositary bank (Eurobank Bulgaria AD), separately from the assets of the management company, under the supervision of the Financial Supervision Commission — but this protection covers the safekeeping of the assets, not their market value.
At what price will my order be executed?
The order will be executed at a price that will be determined on the next business day, after the day the order is placed. The execution price may differ from the last price announced on the website. You receive confirmation no later than the end of the business day following execution.
Do I owe any tax?
No tax is due on the redemption of units in collective investment schemes or in national contractual funds — for individuals and for legal entities alike. Income of resident individuals and of persons from the EU/EEA from the redemption of units is tax-exempt. Individuals from third countries owe a final tax of 10% on the taxable income. For legal entities, the gain on redemption of units reduces the tax financial result under the Corporate Income Tax Act (and a loss correspondingly increases it) and is not subject to withholding tax.
The legal basis
Individuals: Article 13(1)(3) of the Personal Income Taxes Act in conjunction with § 1, item 11 of its Additional Provisions — letter “b” for redemption by collective investment schemes and letter “c” for redemption by national investment funds admitted to public offering in Bulgaria. For persons from the EU/EEA — Article 37(7); for persons from third countries — Article 37(1)(12) and Article 46(1).
Legal entities: Article 44 of the Corporate Income Tax Act in conjunction with § 1, item 21 of its Additional Provisions (the same letters “b” and “c”); for withholding tax — Article 196.
NIF Trend Bonds is a national contractual fund — one of the forms of national investment fund under Article 171(1) of the Collective Investment Schemes Act — and falls within the scope of letter “c”.

The information is general, current as at this date, and is not tax advice — for a specific case, please consult a tax adviser.

Who safeguards the fund's money?
The assets are held with a depositary bank (Eurobank Bulgaria AD) — separately from the assets of the management company, under the supervision of the FSC.
How do I track my investment?
Prices are published on the website every business day with their effective date; we also publish summary information on each fund monthly.