Units purchased will be allocated at the issue price (entry fee of 0%) prevailing on the next valuation following receipt of the remittance. A contract note will be issued within one week of the date of the transaction.
As allowed by the Trust Deed of the NIT Unit Trust, no certificates will be made available on allocation of units and only statements will be produced to confirm trades.
What if I need to sell my units?
A unit holder may request the Company to purchase back his/her units by completing and signing a Repayment Request form and sending it to us together with a copy of his/her ID card. The Fund is under the obligation to repurchase the units at the repurchase price (exit fee 1%) prevailing on the next valuation day following receipt of the request. Cheques relating to repurchase are available for collection within a maximum of five working days of the valuation date at which the transaction has been made.