本帖最后由 lkwah86 于 4-1-2015 10:25 PM 编辑
Step 1 of 4 : Introduction
- This module allows you to switch between funds of the same fund manager.
- Switching is allowed for all payment methods.
- You may only switch from 1 fund to another. Switching from one fund to multiple funds in a single switch order is not allowed.
- The minimum initial investment amount will apply if you are switching into a fund which you do not currently own. Otherwise the minimum subsequent investment will apply.
- Switching will be in the form of a switch sell order and a switch buy order.
- For cash investment: The switch-sell and switch-buy orders will be transacted on the same business day the order is received before 3:00pm. Otherwise it will be transacted on the next business day.For EPF Account 1 investment: The switch-sell and switch-buy orders will be transacted on the same business day the fund manager in-house switching form is received before 3:00pm. Otherwise it will be transacted on the next business day.
- You are not required to make any payment as the proceeds from the switch sell order will be used to pay for the switch buy order.
- As the switch-buy order will be transacted after the switch-sell order, you need to ensure that the redemption amount from the switch-sell, based on the latest indicative bid/NAV price, is at least 105% of the minimum initial or subsequent investment amount of the fund you are switching into.For example, if you want to switch out of Fund A and into Fund B, and Fund B has an initial investment amount of RM1,000, you need to ensure that the switch-sell of Fund A, based on its latest indicative bid/NAV price, will generate at least RM1,050 worth of proceeds. This is so that if the actual transacted switch-sell price of Fund A is lower than the latest indicative bid/NAV price, there is a buffer to ensure that the minimum initial or subsequent investment amount of Fund B can be met.
Our system will prompt you if the amount is insufficient.
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