VNDAF is an open-ended fund investing in stock market, following a predetermined strategy. It is a product of long-term accumulation assets, capturing the growth of Vietnam’s stock market. The Fund’s assets are independently managed and supervised at BIDV Depository Bank. Fund certificate transactions are conducted via Vietnam Securities Depository VSD, under the supervision of the SSC.

Fund Management Company

IPA Asset Management (100% owned by VNDIRECT)

Custodial bank: BIDV

Distribution agent: VNDIRECT

Trading frequency: from Monday to Friday weekly

Minimum / maximum investment amount: 100,000 VND / unlimited


The investment strategy of VNDAF is to proactively manage risks in order to achieve remarkable profits compared to VN30 and VNIndex.

  • Investing in the portfolio of stocks which has largest capitalization in the market and is favored by foreign investors.
  • Having basic and strict criteria filter on enterprises’ business capacity and corporate governance capacity to eliminate stocks lacking long-term sustainable development foundation or having high cyclical and high risk factors, to minimize particular risks of Vietnam’s stock market.
  • Identifying market risks, using derivative tools to prevent risks, promoting capital preservation discipline.


Asset allocation by industry

As of 30/06/2022

Asset allocation by asset class

As of 30/06/2022

Performance indicators

As of 30/06/2022