Investment funds is a strategic method for diversifying investment portfolios, but knowing how to efficiently exit those investments is equally crucial. Tiger Trade provides a seamless and straightforward process for fund redemption, allowing investors to liquidate their holdings when needed. This blog will guide you through the fund redemption process on Tiger Trade, explaining the key steps and timing so you can manage your investments effectively.
How to Redeem Funds on Tiger Trade
Navigating to Fund Redemption
Redeeming funds through Tiger Trade is designed to be a user-friendly process:
- Access Your Portfolio: Start by opening the Tiger Trade app and navigating to 【Portfolio】.
- Select the Fund: Browse through your investments and click on the fund you wish to redeem.
- Initiate Redemption: Tap on 【Redeem】to proceed with the redemption process.
Completing the Redemption
- Enter Redemption Units: Specify how many units of the fund you want to redeem.
- Confirm Redemption: After entering the units, click on 【Redeem】again.
- Enter Transaction Password: As prompted, input your transaction password to authenticate and finalize the redemption.
Understanding the Timing of Fund Redemption
Order Timing and Processing
The timing of your redemption order is crucial as it affects how quickly the transaction is processed:
– Orders Before 11 AM (Singapore Time): If you place your sell order at or before 11 AM on a business day (day T), the order is accepted on the same day. The net selling value and shares are typically confirmed by day T+1 or T+2, with the complete order finalizing between T+4 and T+10. Upon completion, the redemption proceeds are automatically deposited into your Tiger Prime account.
– Orders After 11 AM (Singapore Time): Orders placed after 11 AM are accepted on the following business day (day T+1). The confirmation for these orders occurs on day T+2 or T+3, and the completion of the order spans from T+5 to T+11. Similar to earlier orders, the proceeds are automatically transferred to your Tiger Prime account.
Note: The exact confirmation and order completion times can vary depending on the fund. Additionally, if an order is placed on a non-business day, the processing will be delayed to the next business day.
Conclusion
The fund redemption feature on Tiger Trade from Tiger Brokers is an essential tool for investors looking to manage their fund investments actively. It provides a straightforward and efficient method for liquidating fund positions, ensuring that investors can access their capital when they decide it’s time to exit an investment. With features like these, Tiger Brokers continues to enhance the investing experience, making it easier for investors to manage their portfolios effectively and with confidence. Whether you are adjusting your investment strategy or need to liquidate assets, Tiger Trade’s fund redemption process is designed to support your financial goals smoothly and efficiently.
