REDEMPTION OF UNITS

Q
Is repurchase/redemption allowed?
A Yes, all Unit Holders are allowed to repurchase/redeem the units (partially or fully).
Q
When can Unit Holders repurchase/redeem their units?
A It can be done on any Business Day.
Q
Where can Unit Holders repurchase/redeem their units?
A It can be done at AMB office or at its respective distributor.
Q
How many units can a Unit Holder repurchase/redeem?
A Repurchase/redemption can be made either partially or at the full investment amount. Partial repurchase/redemption is subject to the minimum balance of unit in the account (kindly refer to the current prospectus for details).
Q
What are the procedures for repurchase/redemption of units?
A
  1. Proceed to AMB office (for direct purchase/subscription through AMB) or at the respective distributor (for purchase/subscription through AMB distributor).
  2. Endorse the "Request to Repurchase" Form to confirm the repurchase request. The signature must be the same as the signature on the initial Application Form.
  3. For a joint account holder, both parties must sign (unless if the signature condition states that either one to sign) and if the Joint Holder is a minor (under 18 years old), only the signature of the principal unit holder is needed.
  4. Submit a photocopy of identity card of the Unit Holder and Joint Holder (if necessary).
Q
Can an investor reserve/book the repurchase/redemption price?
A No. The repurchase/redemption price will be based on the Net Asset Value (NAV) of the Fund at the end of the Business Day subject to the following:
  1. the completed written request to repurchase/redeem is received by any respective distributor or Amanah Mutual Berhad before 2.30 pm on the Business Day.
Q
When will the repurchase/redemption monies be paid to investors?
A Redemption proceeds will be paid to investors within 10 days upon receipt of the complete redemption request form by AMB.
Q
What are the payment methods to unit holders for the redemption made?
A There are two (2) methods of payment, i.e. automatic credit to the unit holder's own Maybank account or payment by cheque (subject to terms and conditions)

If the investment plan is through EPF, redemption amount will be remitted directly into the EPF in favour of unit holder's name.