Pension and investment funds are required to issue an investment declaration to their depositors upon completion of the contract. It should also be some banks. Especially if they provide pension insurance services or attract funds from investors. What it is, how to compose it correctly are the main questions, the answers to which should be known not only to the fund employees, but also to those who invest their money in them.
What is an investment declaration
An investment declaration is a document drawn up by banks, investment and pension funds about which assets they invest in from investors. This paper is not only used as a newsletter for contributors. It is also used in management and accounting.
Who should fill it
An investment declaration is prepared by the financial department of the organization. The main objective of the document is to inform and attract customers by explaining the features of the fund or bank. How can an investor contribute money, what are the returns and risks of a portfolio of securities? Many clients simply do not know how investment funds work, and therefore are not in a hurry to give them their money.
Since the main sources of their income are investor money and profits from speculation on the stock and currency exchanges, the investment declaration is a document that is also used to determine the financial result and is distributed along with the financial statements of the organization.
What is needed for
The persons who compile and disseminate this document solve three problems in this way:
- They inform investors about the condition of the fund or the bank, about the direction of activity, about which sources will increase capital, what is the level of risk, etc. This document must be attached to the agreement between the investor and the pension (investment) fund.
- Activity planning. In fact, an investment declaration is an example of a business plan, since it contains the same data about the company or fund.
- Formation of financial statements. The information specified in the declaration can be used in determining the financial result and preparation of financial statements.
To solve the first and second tasks, the document can be equipped with additional materials in the form of graphs, charts, drawings. Since it is important for a simple user to see not only numbers, but also what are the prospects for the development of the company. To solve the third problem, they usually use a document drawn up in accordance with the accepted rules of paperwork. In this case, not all data specified in the declaration is used, but only those that can be valued and calculated. This is the number of shares issued, the amount of capital raised, the current value of the assets raised, etc.
What data should be indicated in the document
In the investment declaration, in accordance with Russian law, the following data should be indicated:
- Purpose. The purpose of the fund, as well as the direction of its activities. How and where will the funds received from investors be spent. How will asset growth be ensured?
- The list of investment objects. That is, this is a list of companies and enterprises whose shares will be acquired by the fund.
- Requirements for the structure of the investment portfolio. What securities can fund traders buy and which not.The investor must know how risky are the stocks and bonds included in its composition.
The form and structure of the investment declaration of the state management company shall be approved by the Government of the Russian Federation. Private foundations can be guided by the recommendations of the government, but at the same time compile it in accordance with the peculiarities of their activities.
In addition to funds and banks, enterprises that issue shares and bonds, or who receive funds from them as a contribution to the creation and development of new projects, should also provide a declaration to their investors. This is a venture capital investment. Funds also involved in attracting foreign investors should compile this document in English.
How to fill it: sample
The investment declaration is a multi-page document containing information on the investment activities of the pension fund, acceptance of deposits, procedure and amount of monthly payments. It consists of several sections. The general plan of the investment declaration, an example of filling out the sections, looks like this:
- General Provisions This section provides information about the work of the fund, its main activities. In what securities is it supposed to invest the money received from investors, what are the main goals and objectives of the fund.
- Terms and Definitions. Mandatory section. It defines all the economic terms and definitions used in the document that may not be clear to the user.
- The main conditions of the fund. In this section, the conditions for entry and exit from the investment fund, the size of the authorized capital, the physical address of the fund should be spelled out. Information is provided on how funds are distributed among investors. For what purposes are the money received spent.
- Investment policy. The structure and composition of the investment portfolio: types of securities purchased and names of enterprises that issued them, volumes, amounts and prices of these securities.
- Control. In what form is the fund created. Who carries out management, as well as what are the costs of management personnel.
- Investment risks - a description of all risks that may arise or have already arisen in the course of the organization.
- Information disclosure, reporting and financial interaction - this section provides financial statements and a report on the results of the fund. Analysis of profit and loss from the sale of securities included in the investment portfolio.
The structure of the document presented above can vary significantly. It all depends on the size of the fund and the direction of its activities. However, this sample of filling out an investment declaration is suitable as a basis for drawing up your own document.
Tax deductions
The law provides for the possibility of obtaining a tax deduction from investment activities. To do this, download the tax return form NDFL-3. The investment deduction is calculated based on the income of the fund or investor from the sale of securities.
In order to receive a deduction, it is necessary to submit documents confirming the ownership of the investment account: agreement, investment declaration and other documents confirming the existence of the account. The deduction is credited to the appropriate depositor account.
The formula for calculating the amount of deduction
The size of the investment deduction is determined as the result of multiplying the securities by 3,000,000 rubles, where the securities are the coefficient, which is calculated by the formula:
CVB = Vi * i / Vi,
where Vi is the total return on the investment portfolio, calculated in i years.
The deduction is granted in the amount of funds deposited in the investment accounts. But they should be no more than 400,000 rubles. You can automatically calculate the size of the deduction on the official website of the tax service in your personal account.
The difference between investment and tax returns
Distinguish between tax and investment returns. In the first case, this is a document in the form of personal income tax-3, with the help of which the taxpayer reports to the tax authorities on the income received. The investment declaration is issued to the depositor in a pension fund or bank and is attached to the contract. It is often published on the website of institutions in order to attract potential customers. And although the data specified in the investment declaration can be used in the preparation of the financial statements of a fund or bank, it does not contain information that is a commercial secret.