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Redeem Public Mutual Fund Online [ July 10th, 2014 ] Posted in » Bank & Investment, Public Bank & Mutual

Redeeming mutual fund is very easy and straightforward nowadays. You can withdraw your mutual funds on any business day without any charges. The unit trust management company will be obliged to purchase them so it comes with high liquidity whereby they can be readily converted into cash anytime.

As a unit holder, you will need to know that the NAV of the working day is applicable till 3pm or 4pm during redemption depending on which market you are dealing with. The value of the redemption will be based on the closing price of the business day in which the redemption request is received. Therefore, if you apply for redemption after 3pm or 4pm, you will receive the NAV of the next day.

Usually, it will take 4-10 working days to transfer the money to your bank account. In case you need money urgently, make sure you initiate the process at the beginning of the week to avoid the gap of a weekend which may cause delay in processing.

If you have a Public Bank account which linked to your Public Mutual Online account, then it’s much convenience for you to purchase, switch, sell back and check your units & value. Recently, I made redemption on the following funds through online:

i. Public China Ittikal Fund
ii. Public Singapore Equity Fund
iii. Public Islamic Asia Leaders Equity Fund
iv. PB Euro Pacific Equity Fund

Step-by-step on How to Withdraw Public Mutual Fund Online

1. Click on the “Make a Request” menu link

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How To Make Payment Through Maybank2U?

Time is Money. Nowadays, most of the businessman will face tight schedule problem or lack of time to do banking transaction. In order to overcome this issue, Maybank2u is a good choice for them to do online banking transaction. I believe most of you are very familiar with Maybank2u already. Am I right?

Maybank2u.com is an instant online banking service that allows the Maybank customers to access from the desktop or laptop at anytime, anywhere. Besides, Maybank2u is the first bank which offering online banking via online banking portal.

Maybank2u provides a lot of online banking features such as transferring funds and checking account balance; they also provide the facility to pay for your utility bills online (this include Astro, water bill, electricity bill, telephone bill, and TMnet).

Step By Step How To Make Payment via Maybank2u.com

1. Logon to http://www.maybank2u.com, sign in with your saving/current account’s username & password.

maybank2u1s

2. Then, click on “Accounts and Banking”.

3. Next, click on “Transfer”.

4. Now, click on “3rd Party Account Transfer”.

maybank2u1s

5. After that, key in your “Amount” to be transferred

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September 7th, 2009 | 1 Comment 21,898 views