Here’s how to place a sell order for a product in Maya Funds
MAYA FUNDS – This article will teach you the step-by-step process on how to place a sell order for a product in this feature.
A Maya Funds is a feature that is available in the Maya app. It lets you invest in Unit Investment Trust Funds (UITF) and Mutual Funds (MF).
But how can you place a sell order for a product in this feature?
Below is the step-by-step process on how to place a sell order for a product in this feature:
First, you need to choose a fund on the dashboard and then tap “Redeem”. The next thing to do is to enter the amount that you want to redeem and then tap “Checkout.
Lastly, you need to read and agree to the terms of the redemption and then tap “Redeem” in order to complete the transaction. Once the order is successful, a notification will appear 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 of all booked transactions is based on the price / NAVPU of the next banking day.
What to do if you haven’t received the proceeds from your redemption order yet?
You need to double check the corresponding processing timeline of your transaction and the subscription transaction should settle within the day of the Allocation Date.
What is NAVPU?
NAVPU or Net Asset Value Per Unit is the price of each unit of the fund. It is used as the price to calculate for the allocation whenever an investor books a Redemption (Sell) or Subscription (Buy) Transaction.
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