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Provident Fund Benchmarks
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Information Month Jan - Apr 2024
Provident Fund Benchmarks (% Actual Return)

Benchmark Name		Return		Data	Download
		Year2024	Year2023	As of	Data
		Jan - Apr	Jan - Dec	09/04/2024	Archives
SET Index (?)		-1.04%	-15.15%	1401.11
SET 50 Index (?)		-1.19%	-12.93%	864.86
Average fixed-deposit rate of Baht 1 million of 4 banks received by provident Fund.		0.39	0.93	BBL:1.15 KBANK:1.15 SCB:1.15 KTB:1.225
ZRR Index (?)
	1 month	0.58%	1.68%	152.453568
	3 months	0.58%	1.67%	156.369192
	6 months	0.61%	1.54%	160.658394
	1 year	0.74%	1.15%	169.119827
	2 years	0.91%	0.85%	181.175770
	3 years	1.03%	0.52%	200.646622
	4 years	1.35%	0.17%	218.230726
	5 years	1.39%	0.27%	237.287978
ThaiBMA Government Bond Index (?)		1.75%	3.38%	319.880741
ThaiBMA Composite Bond Index (?)		1.55%	3.12%	208.098894

Benchmark Data Sources :

1 - 2 from SET Thailand
3 from Bangkok Bank Public Company Limited, Kasikorn Bank Public Company Limited, Siam Commercial Bank Public Company Limited and Krung Thai Bank Public Company Limited.
4 - 13 from Thai Bond Market Association

Reference Benchmark (?)
(% Actual Return)

Fund Classification	Indicators		Return
			2024	2023
			Jan - Apr	Jan - Dec
Equity Fund (?)	100% SET Index		-1.04%	-15.15%
Money Market Fund (?)	100% ZRR 1 year Index		0.74%	1.15%
Fixed Income Fund (?)	100% ZRR Index	2 years	0.91%	0.85%
Fixed Income Fund (?)	100% ZRR Index	4 years	1.35%	0.17%
Mixed Fund (?) (with equity allocation up to 5% )	2.5% SET Index + 97.5% ZRR Index	2 years	0.86%	0.43%
Mixed Fund (?) (with equity allocation up to 5% )	2.5% SET Index + 97.5% ZRR Index	4 years	1.29%	-0.23%
Mixed Fund (?) (with equity allocation up to 10% )	5% SET Index + 95% ZRR Index	2 years	0.81%	0.01%
Mixed Fund (?) (with equity allocation up to 10% )	5% SET Index + 95% ZRR Index	4 years	1.23%	-0.63%
Mixed Fund (?) (with equity allocation up to 15% )	7.5% SET Index + 92.5% ZRR Index	2 years	0.77%	-0.41%
Mixed Fund (?) (with equity allocation up to 15% )	7.5% SET Index + 92.5% ZRR Index	4 years	1.17%	-1.03%
Mixed Fund (?) (with equity allocation up to 20% )	10% SET Index + 90% ZRR Index	2 years	0.72%	-0.82%
Mixed Fund (?) (with equity allocation up to 20% )	10% SET Index + 90% ZRR Index	4 years	1.11%	-1.42%
Mixed Fund (?) (with equity allocation up to 25% )	12.5% SET Index + 87.5% ZRR Index	2 years	0.67%	-1.24%
Mixed Fund (?) (with equity allocation up to 25% )	12.5% SET Index + 87.5% ZRR Index	4 years	1.06%	-1.82%
Mixed Fund (?) (with equity allocation up to 30% )	15% SET Index + 85% ZRR Index	2 years	0.63%	-1.65%
Mixed Fund (?) (with equity allocation up to 30% )	15% SET Index + 85% ZRR Index	4 years	1.00%	-2.21%

Actual Return Calculating Formula

1	Fixed Income Fund
	1.1	Monthly Return (R₁)	=
				mi where m means month 1,2,3,…….,12
				mi-1 means previous month
	1.2	Year-to-Date return	=	((1+R₁)(1+R₂)(1+R₃)…..(1+R₁₂)) -1


2	Money Market
	2.1	Monthly Return (R₁)	=
				mi where m means month 1,2,3,…….,12
				mi-1 means previous month
	2.2	Year-to-Date return	=	((1+R₁)(1+R₂)(1+R₃)…..(1+R₁₂)) -1


3	Fixed-income fund (2 year duration )
	3.1	Monthly Return (R₁)	=
				mi where m means month 1,2,3,…….,12
				mi-1 means previous month
	3.2	Year-to-Date return	=	((1+R₁)(1+R₂)(1+R₃)…..(1+R₁₂)) -1
*** Fixed-income funds with 4-year duration use the same formula as 2-year duration, using ZRR 4-year index instead


4	Mixed fund (equity allocation up to X% with 2 year duration)
	4.1	Monthly Return (R₁)		=

				mi where m means month 1,2,3,…….,12
				mi-1 means previous month
	4.2	Year-to-Date return	=	((1+R₁)(1+R₂)(1+R₃)…..(1+R₁₂)) -1
*** Mixed-income funds with 4-year duration use the same formula as 2-year duration, using ZRR 4-year index instead

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