How long does it take to redeem Public Mutual?
You can purchase/redeem units on any business day without charge. Redemption proceeds will be credited into your bank account on the next business day.
Redemption Proceeds Within Two Business Days
Redemption proceeds will be banked in within 2 business days upon processing of your redemption request.
Withdrawal for General Purposes
Withdrawal is allowed one year after the date of enrolment.
The PRS Withdrawal Form and supporting documents are to be submitted to any PRS Provider in which the PRS Member has an account with. For more information on the forms and procedures, please contact our Customer Service Hotline at 03-2022 5000.
It takes around 1-3 working days to get money in your bank when you redeem from mutual funds. For Liquid Funds, it takes 1 working day to get back money. There are some instant redemption schemes where you get money immediately. For Debt Funds, it takes 2 working days.
The Pay-In & Pay-Out Statement keeps track of the 'mode of receipt' of IDCW and redemption proceeds - such as cheque, NEFT, RTGS and direct credit. You can also view the paid /unclaimed status of redemption and IDCW. Please submit the form below to receive your statement via email.
In open-ended funds, you can redeem your investment at any time you want, but you may have to pay an exit load depending on the scheme. Different MF schemes may come with different exit loads, i.e. the fees you pay while redeeming your investment.
You simply have to log-on to the 'Online Transaction' page of the desired Mutual Fund and log-in using your Folio Number and/or the PAN, select the Scheme and the number of units (or the amount) you wish to redeem and confirm your transaction.
You can withdraw money from a mutual fund scheme through a broker or distributor if you invested through them. You can make contact with your broker and request a withdrawal. You must fill out and submit a withdrawal request form if you wish to make a withdrawal offline.
One should consider redeeming funds only when the objective gets accomplished. Here are 4 important questions for you to consider before redeeming your mutual fund investments so that you make the most of your money: What day is it? The settlement cycle in the case of equity mutual funds is T+3 days.
How long should I hold mutual funds?
If you are actually looking at equity funds to help you achieve your long term goals then you at least need to give yourself a holding period of 8-10 years. For debt funds, the outlook on rates should be your key driver for holding period.. Unlike equity funds, the debt funds do not really depend on long term holding.
Initial investment as low as RM100. Transact anytime and anywhere via PMO. Equity, mixed asset, fixed income, bond/sukuk & money market funds are available in conventional & Shariah-compliant series. Are You Ready to Invest with Us?
Yes. PRS Members aged 55 and above can make a retirement withdrawal anytime, in part or in full. Contact your PRS Provider or PRS Consultant to obtain and submit a withdrawal form.
When does settlement occur? For most stock trades, settlement occurs two business days after the day the order executes, or T+2 (trade date plus two days). For example, if you were to execute an order on Monday, it would typically settle on Wednesday.
If you withdraw from your equity MF units after 12 months, you will not be taxed. If you withdraw from your debt funds before 3 years, the profit on the withdrawn units will be taxed at the rate for your income slab.
Mutual Gold Public Bank Visa Platinum is a cashback credit card that rewards you an unlimited Cash MegaBonus of 0.2% for all retail purchases made locally and overseas. This Cash MegaBonus is as good as cash, and will be credited into your account every month.
How do I open a unit trust account and perform transactions such as purchase, redeem or switch my unit trust fund online? You can open a unit trust account online via CIMB Clicks and you will be able to perform transactions such as purchase, redeem or switch the unit trust fund online.
As a Mutual Gold Elite Member, you will get to enjoy all the benefits of Mutual Gold and MORE. Enjoy the benefits of the exclusive co-brand credit card* and 0.3% Mutual Gold Cash Bonus on selected retail purchases**, up to RM300 will be credited to your card account on your birthday month.
Direct Debit Authorisation (DDA)
An instruction to the bank of your selection to deduct an amount determined by you to be transferred into the unit trust fund of your choice on a periodic basis.
