NBG Asset Management M.F.M.C., is located at 103-105, Syngrou Avenue, 117 45, ATHENS.

Fees & Commissions

The shareholder of a mutual fund is charged with a Subscription fee in accordance with the mutual fund’s Regulation, the percentage of which appears on the subscription form. The shareholder of a mutual fund is charged a Redemption fee in accordance with the mutual fund’s Regulation, the percentage of which appears on the redemption form.

The Company as Investment Manager is entitled, in accordance with the fund’s Regulation, to a fee for its respective services. Such Investment Management fee is charged to the Net Assets of the mutual fund and is expressed as a percentage on the mutual fund’s Net Asset Value.

The Custodian of the mutual fund is entitled to a fee for its respective services in accordance with the mutual fund’s Regulation. Such Custodian fee is payable by the fund and is expressed as a percentage on the mutual fund’s Net Asset Value.

The pricing policy of the company for every mutual fund (fees & commissions) is available to the investors through the company’s web site.

Fees & Commissions table here.

Tax regime governing the operation of Mutual Funds

1. Mutual Funds are subject to taxation within the framework as specified in Article 103 of the 4099/2012 Law as amended pursuant to Article 48 of the Law. 4389/2016 which entered into force since 06.01.2016 (Article 49, Law 4389/2016). Specifically: The Mutual Fund’s incorporation, the contribution of capital to a Mutual Fund, the units subscription and redemption shall be exempt from all taxes, charges, stamp duties, contributions, fees or any other charge in favor of the State, legal entities of public law and third parties in general, with the exception of fees and contributions to the Hellenic Capital Market Commission. The provisions of the VAT Code (2859/2000 Law) shall apply to VAT.


2. The Company, acting in the name and on behalf of the Mutual Fund, must pay tax which is accounted for daily on the semi-annual average net assets of the Mutual Fund. Upon payment of the tax, the Mutual Fund and its unit holders shall have no other tax obligations.
   The tax due each semi- annual may not be less than:
   • 0,025% of the six-month average net assets in the case of money market UCITS,
   • 0.175% of the six-month average net assets in the case of bonds UCITS,
   • 0.25% of the six-month average net assets in the case of balanced UCITS,
   • 0.375% of the six-month average net assets in the case of equity and all other categories of UCITS.
   The tax shall be attributed to the competent tax office together with a statement submitted within the first fortnight of July and January of the semi-annual period following calculation. In case of change to the Reference Rate or to a UCITS’s classification, the new basis of tax calculation shall apply from the first day of the month following such change.


3. The following amounts shall be rebated from the payable tax according to paragraph 3 of this :
   • any tax that can be demonstrated to have been paid abroad,
   • any tax attributable, according to paragraph 2, and paid by other UCITS or other undertakings for collective investment in the units of which the Mutual Fund has invested.
     Any credit balance resulting from the above case shall be transferred in reduction of the tax payable with subsequent statements.


4. Subject to paragraphs 2 and 3 of this, gains in the form of dividends or other benefits under the Mutual Fund’s units, or in the form of value added from the disposal of units at a price higher than the acquisition price, received in all cases by the unit holders of a Mutual Fund authorized or operating in Greece, shall be exempt from all taxes, charges, stamp duties, contributions, fees or other charge in favor of the State, legal entities of public law and third parties in general. The provisions of the VAT Code (Law 2859/2000) shall apply to VAT. Gains in the form of dividends or other benefits under the units shall not be subject to withholding tax.


5. The provisions of 4173/2013 Low shall apply accordingy to payable tax pursuant to the provisions of this article.


6. Basis of the provisions of the decision of the Ministry of Finance 1074 / 07.06.2016 any credit balance tax was formed, until its entry as in force prior to the amendment affecting by the Article 48 of the 4389/2016 Law is transferred to deduct from the tax assets due to the following statements.


7. Taxation of income or the capital gains acquired by a Mutual Fund’s unit holders shall depend on the applicable tax legislation. If in doubt about the tax legislation they are subject to, unit holders should seek advice and/or information from their legal or tax advisor.

Information Material

Further information about the DELOS Mutual Funds copies of Regulations, of Key Information for investors the prospectus, the annual and interim reports are provided free to the Greek language from the Management Company the depositary and representative National Bank of Greece and are available on the website of NBG Asset Management MFMC.

For further information, please contact:

NBG ASSET MANAGEMENT COMPANY S.A.

Client Service Department

103-105 SYNGROU AVE.

11745 ATHENS

tel.: +30 210 9007400

fax: +30 210 90 07499

Sales Network

The distribution of Delos Mutual Funds is done by:

National Bank through its branches in Greece,

Authorized representatives

Frequency of Price Publication

Prices of Mutual Funds (net, subscription redemption) and the Net Asset Value are published to the web page of M.F.M.C. and published daily in the financial press.