What is Unit Trust Express Switching?

Making use of interest-free1 bank advance due from redemption proceeds of the redemption fund to reinvest in another fund managed by a different fund house on the same day.


Key Features
General Fund Switching Versus Unit Trust Express Switching

You can only switch to funds within
the same fund house

Switch fund A to fund Z within the same fund house

More Flexible, More Choices:
You can switch to funds in other fund houses2

Switch fund A of fund house A to other funds B, C, D, E of fund houses B, C, D, E

For cross fund house switching, you will need to complete the fund redemption before you subscribe for the new fund

It will take 5-9 working days


 

Taking long time to switch the fund

Same day dealing to follow the market closely
You can apply for fund redemption and subscription simultaneously on the same day

It will take 1 working day only3

Switch the funds quickly


Remarks:

  1. No interest will be payable by the customer in respect of the advance before the Unit Trust Express Switching settlement date.
  2. Applicable to all daily dealing funds distributed by OCBC Bank.
  3. Only applicable when the Unit Trust Express Switching application is submitted on a day which is a dealing day for both the redemption fund and subscription fund, and the application is confirmed by the relevant fund houses.
General Information
Daily dealing

Eligible Funds

  • All daily dealing funds distributed by OCBC Bank
Can ask for service at our branches or by phone

Order Channel

  • Branch
  • Phone
About subscription and redemption funds

Maximum Subscription Amount/ Advance

  • 90% of the latest market value of the redemption fund
    (if both the subscription and redemption funds are of the same currency)
  • 85% of the latest market value of the redemption fund
    (if the subscription and redemption funds are of different currencies)
About service fees

Service Fees

  • Interest Charge: Free of Charge before fund settlement date
  • Subscription Fee: according to fund subscription fee
  • Redemption Fee: according to fund redemption fee

Please refer to the "Terms and Conditions of Unit Trust Express Switching" for details.

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