A unit holder may withdraw all or part of his/her units on any business day subject to a minimum redemption amount of at least 500 units. If a unit holder wishes to withdraw all of his/her units, the minimum redemption amount above will not apply.
If a unit holder wishes to withdraw part of his/her units, he/she is advised to always maintain an account balance of 1,000 units. Pheim Unit Trusts reserves the right to levy an Account Maintenance Fee of RM10 in the event the Units of a Fund held by a unit holder are below 1,000 units.
To make a withdrawal, a unit holder needs to:
Complete and sign the Transaction Form (Redemption/Switching). Please ensure that the Transaction Form is signed in accordance with the signing instructions given to Pheim Unit Trusts Berhad to avoid any processing delays.
Mail or hand deliver the Transaction Form together with all the necessary attachments to Pheim Unit Trusts Berhad at:
Pheim Unit Trusts Berhad (545919-A)
For immediate processing, please fax a copy of the said documents to Pheim Unit Trusts Berhad at (603) 2141-9199 followed by the submission of the original documents at a date no later than 2 weeks.
Processing of Withdrawals
A valid request for withdrawal before the cut-off time on any business day will be processed on the same day using the price set at the close of the business day (forward pricing). If the said request for withdrawal is received after the cut-off time, the request for withdrawal will be processed on the next business day using the price set at the close of that business day. If the application is received on a non-business day, the withdrawal will be processed on the next business day using the price set at the close of that business day. Pheim Unit Trusts will pay the proceeds to the unit holder within 10 days of receipt of complete withdrawal documentation.
For more information about our withdrawal process, please do not hesitate to contact our Customer Service Consultants at (603) 2142-8888.