Redemption Conditions
- Once submitted, your redemption request may not be amended or withdrawn.
- You remain responsible for ensuring compliance with the minimum holdings or minimum redemption requirements in the prospectus. In particular, where minimum holding requirements are expressed in a dollar amount, your online redemption may be accepted and processed notwithstanding that redemption would result in non-compliance with these requirements. You are responsible for any penalty or other loss incurred by you arising from or in connection with your breach of minimum holding/redemption requirements.
- My/Our purchase / redemption instruction, if received and accepted before 3.00 p.m. (SGT) on a business day in Singapore, will be processed on the same day. Otherwise, it will be processed on the next business day in Singapore. If it is processed on a dealing day of the fund, the price on the dealing day will apply. Otherwise, the price on the next dealing day will apply;
- If all information is in order and redemption conditions are met, redemption proceeds would usually be credited to your account within 7 business days from the date of issuing the Net Asset Value price redemption confirmation advice sent to you. Please note that Credit of proceeds from redemption of funds may be delayed if there are non-business days (local or overseas) falling within the settlement period;
- For redemption of funds not distributed by DBS Bank, the settlement date of the redemption shall be determined by the fund house;
- For funds with non-daily liquidity, the redemption shall be processed on a date determined by the fund house.