The minimum initial investment amount will apply if you are switching into a fund that you do not own. If you already have units of the fund that you are switching to, the minimum subsequent investment amount will apply.

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 NAV price, is at least 105% of the minimum initial or subsequent investment amount of the fund you are switching into. This is to ensure there is a buffer to the minimum initial or subsequent investment amount. Our system will prompt you if the amount is insufficient.

Example:

An investor wants to switch-sell of Fund A and switch-buy into Fund B, and Fund B has an initial investment amount of MYR 1,000.00. He or she needs to ensure that the number of units sold out from Fund A sums up to at least MYR 1,050.00 worth of proceeds.