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.
To make a withdrawal, a unit holder needs to:
Complete and sign the Transaction Form – Redemption & Switching. Please ensure that the Transaction Form – Redemption & Switching 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 – Redemption & Switching together with all the necessary attachments to Pheim Unit Trusts Berhad at:
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. PUTB will pay the proceeds to the unit holder within 7 business 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.