Vayupak Mutual Fund Initiative

While the Capital Creation Scheme is aimed chiefly at reviving dead capital in the rural sector, a complementary new initiative, the Vayupak (named after a mythical bird that sometimes lays a golden egg—but other legends depict the avian creature as half-demon[24] ) introduced late in 2003 is focused on monetizing the dead capital held by the government. Estimates are that this initiative[25] has the potential to mobilize an additional several billion $US worth of excess liquidity from the banking system. In all, it could add US$7-8 billion or an additional 10% of the market capitalization of Thailand.