What is the estimated time for mutual funds redemption?

Redemption before 13:00 WIB

• Redemptions will be processed on the same day and get NAB on the same day.

• Will follow the NAB on that day which will be updated at the end of the day starting at 21:00 - 24:00 WIB.

• The NAV that appears in the transaction details when you first create your redemptions transaction is the estimated NAV based on the NAV of the previous trading day.

• The final NAV used to calculate your redemptions transaction is the NAV listed after your transaction has been successfully verified.

• The NAV listed in the application when you make a redemptions transaction is the NAV of the previous trading day.

• Redemptions made on Friday before 13:00 WIB will be processed on the same day, getting the NAB on that Friday which will be updated at the end of the day at 21:00 - 24:00 WIB.

• The redemptions process will be verified by the investment manager on the next business day, and it will take a maximum of 7 business days for the funds to be transferred to your registered account. This is in accordance with the provisions of the Financial Services Authority (OJK) regulations with regulation number 23/POJK.04/2016 article 24.

Redemptions Simulation After 13:00 WIB

• Redemptions will be processed on the next trading day.

• Will follow the NAV/NAB on the next trading day which will be updated at the end of the day starting at 21:00 - 24:00 WIB.

• The NAV that appears in the transaction details when you first create your redemptions transaction is the estimated NAV based on the NAV of the previous trading day.

• The final NAV used to calculate your redemptions transaction is the NAV listed after your transaction has been successfully verified.

• The NAV listed in the application when you make a redemptions transaction is the NAV of the previous trading day.

• Redemptions made on Fridays after 13:00 WIB and Saturdays, Sundays, and national holidays will be processed on the next trading day and will follow the NAB on the next trading day which will be updated at the end of the day starting at 21:00 - 24:00 WIB.

• The redemptions process takes 2 exchange days to be verified by the investment manager, and takes a maximum of 7 working days for the funds to be transferred to your registered account. This is in accordance with the provisions of the Financial Services Authority (OJK) regulations with regulation number 23/POJK.04/2016 article 24.

Please note that the total amount you receive may differ from the nominal amount at the time of redemption if the destination bank for your mutual fund is different from the bank holding the mutual fund, due to interbank transfer fee deductions.

* Note: 

• Trading days are Monday-Friday.

• The exchange is closed on Saturdays, Sundays and National Holidays.

• An estimated transfer fee of IDR 2,500 to IDR 30,000 per transaction will be charged by the bank if you use a bank that receives the proceeds from the redemption of mutual funds that is different from the bank that holds the mutual funds.