
Britam Unit Trusts Redemption Switch Form


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People also ask
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How long does unit trust redemption take?
How long does it take for my redemption order to settle? Your redemption order will be settled between 7 to 10 business days as determined by the relevant fund house and proceeds will be credited into your designated settlement account after 2 business days.
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What is redemption of units in unit trust?
Unit Trusts Redemption is another word for getting your money out. It's vital that each investor understands the redemption regime of their unit trust. Broadly speaking, you should get your money within a week of selling your unit trust, but this is always dependent on the liquidity of the underlying investment.
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What is redeem units in mutual fund?
Mutual Fund redemption is a process wherein an investor sells his/her mutual fund units back to the mutual fund company (AMC). It means they are withdrawing units (known as redemption in mutual fund parlance) to obtain returns/ principal from the mutual fund scheme.
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What is the meaning of redemption of units?
Redemption of Units refers to the process where investors convert their mutual fund units or shares in a trust or fund into cash.
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How do I send money to the Britam Money Market Fund?
In case you are trying to make a top-up, please log in to https://customerconnect.britam.com/ or dial *778# to top up your existing account. However, in case you wish to open a new account, please proceed to the next step.
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What is the interest rate on the Britam Money Market Fund?
The Britam Money Market fund helps you plan your financial goals whether it be setting up an emergency fund, saving for school fees, or saving up for a business project. With the fund, you get to earn between 8-10%* in interest as you build your savings.
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How do I withdraw money from Britam?
24/7 access via the Britam App, Customer Portal and USSD *778# for sign ups, top ups and withdrawals.
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What does redemption mean in a unit trust?
Unit Trusts Redemption is another word for getting your money out. It's vital that each investor understands the redemption regime of their unit trust. Broadly speaking, you should get your money within a week of selling your unit trust, but this is always dependent on the liquidity of the underlying investment.
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