Transfer of funds
How can I transfer funds between mutual funds?
How is the transfer of investment between funds?
The transfer is a combination of two transactions - redemption and purchase of shares. Shares are redeemed (paid out) in the original fund at the exchange rate applicable on the day of application, such as Monday. As the exchange rate valid for Monday is published on Tuesday, the transfer of funds from the account of the original fund to the bank account of the new fund will take place on Tuesday. Shares in the new fund are issued on a Tuesday date when the funds were credited to the bank account of this fund (Tuesday's exchange rate is published on the next business day, ie on Wednesday).
What is the minimum amount of the transferred investment?
The transfer can be made in the amount of at least 150 Euros.
How long does it take to transfer shares between funds?
It takes 1 day to transfer funds from the original fund to the new fund.
What fees are associated with the transfer of a one-off investment between funds?
When transferring a one-off investment to any mutual fund with the exception of a monetary fund, a depository fund and a hedge fund and with the exception of a transfer of a one-off investment from a hedged fund, an exit fee of 0 % shall apply. When transferring a one-off investment to a monetary fund, depository fund or hedge fund and transferring a one-off investment from a hedged fund, a standard exit fee will be applied, according to the valid Fee Schedule.
What fees are associated with the transfer of a regular investment between funds?
When transferring a regular investment acquired through the PLUS Savings Program to any mutual fund with the exception of the money fund, the deposit fund and the hedge fund, an exit fee of 0 % will be applied. When transferring a regular investment acquired through the PLUS Savings Program to a cash fund, depository fund or hedge fund, a standard exit fee will be applied. An exit fee of 0 % will be applied when transferring a regular investment acquired through the Savings Program to any fund.
Can I continue to save in the new fund after the regular investment has been transferred?
When a regular investment acquired through the PLUS Savings Program and the Savings Program is transferred, the transferred amount becomes a one-off investment. To continue saving in the new fund, it is necessary to establish a new Savings Program PLUS (the Savings Program PLUS is also a replacement for the original Savings Program).
What happens to savings in the original fund after the transfer of a regular investment?
The savings product set up in the original fund is still active, if you do not wish to continue saving in the original fund, you must cancel the relevant standing order to this fund. Otherwise, your savings in the original fund will continue.
Do I pay income tax when transferring an investment?
As the transfer consists of two transactions (redemption and subsequent investment), if the net redemption has resulted in a net return (the share price at the time of sale is higher than at the time of purchase, taking into account any entry or exit fees), this return applies withholding tax 19%.
Frequently asked questions
- How to proceed when investing in mutual funds?
- What to prepare for when investing?
- What is the minimum investment amount and fees?
- Can I to send money to my investment savings at any time?
- How is the return on mutual fund assets paid out?
- What is the PLUS Savings Program and the Savings Program?
- Can I allow another person to dispose of my mutual fund shares?
- What is mutual fund share redemption?
- Can I invest in foreign currency?
- How are mutual fund share exchange rates determined?
- How is the return on the sale of mutual funds taxed?
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