Here’s how to place a buy order for a product in Maya Funds
MAYA FUNDS – This article will teach you the step-by-step process on how to place a buy order for a product in this feature.
One of the new features of Maya, Maya Funds lets you invest in Mutual Funds (MF) and Unit Investment Trust Funds (UITF). Those who are not a “US Person”, have a verified mobile number, have an upgraded account, and are 18 years old or more can use this feature.
But how can you place a buy order for a product in this feature?
Below is the step-by-step process on how to place a buy order for a product in this feature:
The first step is to choose a fund on the Products page, review the product details if needed, and then tap “Subscribe”. After that, you need to read and agree to all fund statement and declarations, enter the amount that you want to invest in that product, and then tap “Checkout”.
Next, you need to read and agree to the terms of the subscription and then tap “Subscribe” in order to complete the payment. You will be asked to confirm again if the product is more aggressive than your Risk Profile.
Once the order is successful, you will receive a notification and a Confirmation of Transaction will be sent via email as well.
Keep in mind that fund transactions are not processed in real time and all bookings may be viewed in the Maya Funds transaction history. Also, the price / NAVPU (Net Asset Value Per Unit) of all booked transactions is based on the price/NAVPU of the next banking day (T+1).
The processing time may vary depending on the fund product. More details about the processing times can be found in the product suite.