Translation. Region: Russian Federation –
Source: Moscow Exchange – Moscow Exchange –
An important disclaimer is at the bottom of this article.
Moscow Exchange's Finuslugi money marketplace has launched the "Finpodushka" service, which allows automatic investing in the open-end mutual investment fund (OIPF) "Birzhevaya Kopilka" (Exchange Piggy Bank) managed by DOKHOD Management Company.
The "Finpodushki" can be replenished from the Finuslugi "Wallet" or directly through the SBP. The funds received by the service will then be automatically used to purchase shares in the "Birzhevaya Piggy Bank" mutual fund.
The fund invests primarily in money market instruments—repo transactions with the central counterparty, the NCC—enabling unitholders to grow their savings with returns close to the key rate. The fund's benchmark return is the RUONIA rate calculated by the Bank of Russia. A small portion of its assets may be invested in reliable short-term bonds.
Finpodushki is available to clients on the Finuslugi website. Initially, the service will be available to Android users, followed by iOS app users. To begin investing, clients simply top up their Finpodushki with at least 100 rubles. Buying and selling shares with withdrawal to the Wallet takes one to two days, depending on the date and time of the transaction. There is no commission for buying and selling fund shares for Finuslugi clients. Users can set reminders to help them remember to top up their Finpodushki.
The fund's profits are reinvested daily, further increasing the expected return. DOKHOD Management Company acts as a tax agent, automatically calculating and withholding personal income tax. Clients who hold shares for more than three years can take advantage of a long-term securities holding tax break. The management company's fee is 0.7% per annum.
Igor Alutin, Senior Managing Director for Retail Business and the Finuslugi Marketplace at Moscow Exchange:
"We work daily to ensure that Finuslugi clients have access to the simplest and most profitable tools for growing their capital. To this end, we launched Finpodushka: a tool that combines a conservative approach to investing, the flexibility of savings accounts, and a return close to the Bank of Russia's key rate. Depositing and withdrawing funds from Finpodushka on weekdays takes just one day without losing any accrued interest, making it suitable for both those interested in short-term investments and those looking for long-term investment."
Vsevolod Lobov, Investment Director at DOKHOD Management Company:
"When developing the fund for Finpodushki, we had conservative investors in mind, who value deposit security and the flexibility of short-term investments. The fund primarily invests in overnight repo transactions secured by liquid securities. Each investment is processed through a central counterparty with the highest reliability rating and is secured by collateral 10-30% greater than the investment amount. The fund provides access to current money market returns while maintaining full liquidity—the ability to withdraw funds at any time."
Finuslugi is a money marketplace created by the Moscow Exchange. On Finuslugi, you can open bank deposits, take out cash loans, purchase mutual fund shares, public bonds of Russian regions, as well as compulsory motor vehicle liability insurance (OSAGO), comprehensive motor insurance (CASCO), mortgage insurance, property insurance, and other products. You can top up your Finuslugi account commission-free using the Faster Payment System (FPS) 24/7. The service is available regardless of region, anywhere in Russia and worldwide. Learn more at https://finuslugi.ru.
Contact information for media: 7 (495) 363-3232PR@moex.com
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.