Request for Withdrawal of Units

WITHDRAWAL OF UNITS

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Withdrawals can be made from the Fund by completing a withdrawal form and sending it to UTOF. There is no restriction on the frequency of withdrawals except for Children Investment Plan.  

 

No unit holder shall be entitled to realize part of the unit holding if such realization would result in reducing the balance less than the required number of units.  

 

Processing of Withdrawal 

 

The unit withdrawal form which is received before 11am will be processed on the same day using the prevailing exit unit price. The withdrawal form received after 11am will be processed at the next trading  day. Incomplete forms will not be processed until UTOF has received all the necessary information.  

 

The withdrawals of units will be processed within 30 days.

 

Important Note

 

The bank details are compulsory since the same bank account will be used to remit the withdrawal funds.

 

The Customer Service Officer will verify the records and will email the  system generated withdrawal form for your signature.