Financial Services _Çô Client Services RFC126 Chapter Notes - Chapter 8: Dollar Cost Averaging, Money Market Fund, Lump Sum
30 Dec 2017
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Day after receipt of purchase or redemption request . To get navpu of the same day, purchase or redemption request must be made before 4:00 pm, valuation date is still the next date . Date on which transaction actually clears (payment made, security delivered) . Most securities, trade day + 3 days . Methods to purchase mutual funds: single lump-sum purchases, lump sum purchase with minimum purchase amount of to. ,000: regular investment plans, automatic purchases of mutual fund units, min purchase generally required, additional contributions can be made for . Pre-determined amounts are invested on a fixed basis from pre- authorized payments from bank accounts (pre-authorized chequing. Invest same amount of money at regular intervals . When units are cheap, investors can buy more . When units are expensive, investors can buy less . Order received before time mentioned in the prospectus . Order placed by the right owner of units/shares to be redeemed .
