SWITCHING

Q
Is switching between AMB families of funds allowed?
A Yes, all Unit Holders are allowed to switch from one fund to another fund (partially or fully) subject to terms and conditions. Kindly refer to the current prospectus for details.
   
Q
When can Unit Holders switch their units?
A It can be done on any Business Day.
   
Q
Where can Unit Holders switch their units?
A It can be done at AMB Office or the respective AMB distributor.
   
Q
How many units can a Unit Holder switch?
A This facility enables Unit Holders to convert Units of one Fund to Units of other Funds managed by AMB. Units switched are transacted at the Fund’s NAV. The minimum investment that can be switched per transaction is 1,000 Units.
   
Q
What is the procedure for switching 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. Confirm all the details of the unit trust account and a “Request to Switching” Form will be printed from the system.
  3. Endorse the “Request to Switching” Form. The signature must be the same as the signature on the initial Application Form.
  4. 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).
  5. Submit a photocopy of identity card of the Unit Holder and Joint Holder (if necessary).
  6. Submit the completed “Request to Switching” Form together with supporting documents (eg: passport, IC etc).
  7. An administration fees is charged per transaction and this amount will be deducted automatically from unit balance. Units switched are transacted from the Fund’s NAV per Unit. The conditions for switching are set out below:

To Recipient Fund Switching
Equity
Bond
Balanced
Equity
RM25 per
transaction
RM25 per
transaction
RM25 per
transaction
Bond
Up to 5% of
amount switched
RM25 per
transaction
Up to 1% of
amount switched
Balanced
Up to 1% of
amount switched
RM25 per
transaction
RM25 per
transaction

Notes:

  1. Switching facility is not available for PNB SIF and AMBDAQ-CP.
  2. Distribution Units of Conventional Funds cannot be switched to Shariah Funds within the AMB Family of Funds. However the principal amount of Conventional Funds is allowed to be switched to Shariah Funds.
  3. Unit holders who invest under the EPF Members Investment Scheme are not allowed to switch to AMBDTF.