Mutual Funds

While you can place your orders via our Online Mutual Funds Platform 24 hours a day, we will process all orders received before cut-off time (2:00PM Greenwich Mean Time) on the same day, otherwise your order shall be processed on the next business day. After the Bank has processed your order to the fund house, it is executed on the dealing day for the fund you have submitted the order for. The definition of dealing day is not the same across the different funds. Please refer to the fund’s offering document before order placement.

Your account will be debited within 3 business days of your submission of the order. Please keep your account sufficiently funded to ensure your request is completed. Kindly review order status to ensure your order is placed successfully.

For lumpsum orders, each fund house will have a specific minimum investment amount which will be specified on the Online Mutual Funds Platform. For the Wealth Builder product, the minimum monthly amount is USD 100, GBP 100 or EUR 100 depending on the fund currency you are investing in.

Proceeds from a sale will normally be released within 5 – 10 business days after fund house confirms the price. If the fund does not provide daily dealing, the redemption process may be longer. Please refer to the fund’s offering document for further dealing details.

You may use your Foreign Account (FEA or FCA) for settlement purposes.

Once you submit an order via the Online Mutual Funds platform, your order(s) cannot be amended. You may however cancel your order by calling our 24-hour Client Care Centre on +233-302-633398/+233-242-436387 or visit your nearest branch before your order is placed with the fund house. Any cancellation request received after order placement with the fund house will have to follow the redemption procedure which may also be made through the Online Mutual Funds platform.

Mutual funds provide adequate diversification and an investor can easily use mutual funds to spread and reduce risks on portfolio. If you choose your mutual funds carefully, they can serve as a good asset allocation tool that will help you balance your risks and maximize your returns.

Making a mistake while investing happens across all investments, and Mutual Funds are no different.

Some of the common mistakes while investing in Mutual Funds are:

1. Investing without understanding the product: For example, equity funds are meant for the long term, but investors look for easy returns in the short term.
2. Investing without knowing the risk factors: All Mutual Fund schemes have certain risk factors. Investors need to understand them before making an investment.
3. Not investing the right amount: Sometimes people invest randomly, often without a goal or plan. In such cases, the amount invested may not yield the desired result.
4. Redeeming too early: Investors sometimes lose patience or do not give the requisite time for an investment to provide the desired rate of return, and hence redeem prematurely.
5. Joining the herd: Very often, investors do not exercise individual judgement and get carried away by the buzz in the ‘market’ or ‘media’, and thus make the wrong choice.
6. Investing without a plan: This is perhaps the biggest mistake. Every single rupee invested needs to have a plan or goal.

Every individual investor is unique. Not only with regards to investment objectives but even in approach and view of risk. This is what makes Risk Profiling absolutely crucial before investing.

A Risk Profiler is essentially a questionnaire that seeks an investor’s answers to questions about both “ability” and “willingness”.

It is highly recommended that investors contact their Mutual Fund distributor or an investment advisor to complete this task and get to know their Risk Profile.

Yes, It is mandatory to have an existing bank account to invest in a mutual fund.

• Mutual funds provide investors with an easy way to diversify their portfolio and reduce risks as the fund can be invested in many different stocks or bonds
• It provides a low-cost option of investment as it enables investors to hold a wide array of stocks without paying transaction fees for each stock held
• With the use of mutual fund, investors benefit from the insights of seasoned and experience investment managers who set the fund’s strategy and conduct research to monitor the performance and make trades

Mutual funds are one of the investment offerings offered by the bank and this can be purchased with funds online through SC mobile app. For Portfolio Management, the bank performs periodic review of an existing portfolio and will recommend best solutions to meet the needs and objectives of the investor as part of advisory services offered.

Systematic Investment Plan (SIP) are designed to overcome some risks of mutual funds such as market falls by allowing you to invest small amounts periodically. This enables you buy more units when the indicative NAV is low and vice versa thus averaging out the effect of the market volatility on the investment in the long term.

There is no penalty for missed SIP payments, however you may accumulate lower than expected wealth if the payments are too irregular.