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One-Two-Three Transacting with FSM!
February 11, 2010

We maintain that the FSM platform is the easiest and most convenient of methods available today to invest in mutual funds. This quick guide shows you why.


Author : FSM Content Team



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Fundsupermart focuses on making investing in mutual funds a “self-managed” affair for retail investors, thereby offering you maximum control on your portfolio. We realized that to make this possible, we will need to make it easy and convenient for you to transact in and manage your funds. This article gives you a quick run-through of the highlights of our:

  1. 3-Step BUY Transaction
  2. 3-Step SWITCH Transaction
  3. 3-Step SELL Transaction

Accessing the Transactions Module

You can access the Transactions module on Fundsupermart by clicking on the Transactions menu on the home page. The Transactions options – BUY, SELL and SWITCH - are displayed.

3-Step BUY Transaction

Your BUY process can be initiated when:

  1. You access the Transactions module and select BUY option.
  2. You click on the BUY icon for a fund on any screen throughout the Fundsupermart site. You will find these icons on all our Fund Info tools as well as the Fund Factsheets.

To  initiate a BUY process, you need to log in (if you aren’t logged in already). Now begins your 3-step BUY process.

Transactions Tab

Step 1: Select Fund

In the first step you select the fund you wish to purchase and specify the amount that you wish to invest into the fund.

Step 2: Confirm Transaction

The next step is for you to review the details of the transaction entered and confirm the BUY transaction to be placed by entering your transaction password.

Step 3: Transaction Submitted: Review and Pay

The next screen confirms that your transaction has been submitted. At this point, a transaction confirmation email is sent to your email address.

You can proceed to make the payment.

 

 

3-Step SWITCH Transaction

You can initiate a switch transaction from the Transactions landing page or the menu.

 

Understanding SwitchingConsidering the slightly different nature of a switch transaction, the first screen informs you of the basic guidelines and dos and don’ts of a switch transaction. This is important to prevent rejected trades.

Step 1: Select Switch- Sell and Switch- Buy Funds

The first step allows you to select a fund from your current holdings that you wish to ‘switch out’ from, and the fund that you wish to ‘switch in’ to.
You then specify the units or amount that you wish to sell from the switch sell fund.

Step 2: Confirm Transaction

The next step is for you to review the details of the transaction and confirm the SWITCH transaction order by entering your transaction password.

Step 3: Transaction Submitted: Review

The next screen confirms that your transaction order has been submitted. At this point, a transaction confirmation email is sent to your email address.

You can now access your holdings page to review that the transaction has been recorded.

 

 

 

3-Step SELL Transaction

You can initiate a sell transaction from the Transactions menu, or from your Holdings page.

Step 1: Select Fund

The first step allows you to select the fund that you wish to sell from your holdings and specify the units or amount that you wish to sell for.

Step 2: Confirm Transaction

The next step is for you to review the details of the transaction and confirm the placement of the SELL transaction order by entering your password.

Step 3: Transaction Submitted: Review

The next screen confirms that your transaction order has been submitted. At this point, a transaction confirmation email is sent to your email address.

You can now access your holdings page to review that the transaction has been recorded.

 

Conclusion

As the highlighted points  show, our attempt has been to make transacting in mutual funds as easy and intuitive as possible. At critical points, our system has the capability to prevent errors that would lead to rejected trades and therefore, wasted time. We believe that these features allow you to learn and become more empowered as you transact, without  fear!

Happy Investing with Fundsupermart.com!

 

 

 

 


iFAST and/or its content and research team’s licensed representatives may own or have positions in the mutual funds of any of the Asset Management Company mentioned or referred to in the article, and may from time to time add or dispose of, or be materially interested in any such. This article is not to be construed as an offer or solicitation for the subscription, purchase or sale of any mutual fund. No investment decision should be taken without first viewing a mutual fund's offer document/scheme additional information/scheme information document. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Investors should seek for professional investment, tax, and legal advice before making an investment or any other decision. Past performance and any forecast is not necessarily indicative of the future or likely performance of the mutual fund. The value of mutual funds and the income from them may fall as well as rise. Opinions expressed herein are subject to change without notice. Please read our disclaimer in the website.

 


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