Each mutual fund has a corresponding holding period per fund. Redeeming your shares before the aforementioned holding period will result in an early redemption fee.
Holding periods start once the order has been completed. If you will add an additional subscription to your existing fund, the holding period will not accumulate. The additional shares bought will have a separate holding period. This means that a new holding period will apply for each time you buy shares.
To illustrate, for example a fund has a holding period of 3 months:
January - bought 100 shares (hold until April)
March -bought 100 shares (hold until June)
The total of 200 shares will have different holding periods.
When you sell shares that are still under the holding period, there will be a pop up message on screen that will tell you how many shares will be charged with an early redemption fee. You may instead, choose to only sell the shares that will not incur the early redemption fee.
Sample:
To check the minimum holding period per fund, you can navigate to FUND INFORMATION and type in the fund code. The minimum holding period can be found in the information that appears on the right side.
You can check the date that you bought your shares under VIEW ORDERS>VIEW HISTORICAL ORDERS
Just set the date and click REFRESH:
