STEP 1: PLACING REDEMPTION ORDER
Investors complete the redemption form provided on websites of MB Capital & Distributors, and send the original to Distribution agents before closing time of order book.
Investors may place order to sell fund certificates wholly or partially, but must guarantee that the minimum number of fund certificates registered to redeem is 100 fund units, and not make the remaining amount after such transaction be less than 100 fund units. The number of fund units to be sold may be an odd number in decimal format, and up to the second decimal place.
If the redemption order is executed partially making account balance lower than the minimum, the remaining amount shall automatically be sold on the following trading day. The remainders of redemption orders (including orders from switching activities) which has not executed will be cancelled. Investors who want to sell must register to redeem on the following trading days.
Total redemption value = Number of certificates registered to be sold * Net Asset Value per fund unit as of trading day * (1 – Redemption fee (%).
Investors will receive the redemption amount after subtracting all taxes stipulated by prevailing laws and wire-transfer fees.
STEP 2: GETTING TRANSACTION CONFIRMATION
Confirmation of transaction will be sent to investors by the distribution agent within three (03) days of the trading day (excluding holidays).
STEP 3: RECEIVING PAYMENT
Payment of selling certificate will be made within seven (07) days of the trading day (T+7) (excluding holidays).
PARTIAL REDEMPTION ORDER
The Fund Management Company may partially satisfy a redemption order in situations as follows:
– Total value of all redemption orders minutes total value of all subscription orders as of the trading day exceeds 10% of the Fund’s NAV; or
– The implementation of all of the investor’s redemption orders leads the Fund’s Net Asset Value to fall below VND 50 billion; or
– The redemption order cannot be implemented in whole because of the following reasons:
+ Market liquidity is low
+ One (or more) securities in fund’s portfolio is/are suspended.
In case the redemption order is only satisfied partially, the Fund Management Company shall apply the same proportion principle: all redemption orders (including orders from switching activities) are merged together to be executed, ensuring the same proportion between the processed value and the registered value to ensure the fairness for all investors.
If the redemption order and switching order are executed partially making the investor’s account balance lower than the minimum balance of 100 fund certificates, the remaining amount shall automatically be sold on the following trading day.
The remainders of redemption orders (including order from switching activities) which has not executed will be cancelled. Investors who want to sell must register to redeem on the following trading days.