facebookI purchase Unit Trust using SRS but I can't find it in my investment unlike purchasing Unit Trust using RSP. How can I redeem the Unit Trust purchased using SRS? - Seedly

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Anonymous

27 Oct 2020

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General Investing

I purchase Unit Trust using SRS but I can't find it in my investment unlike purchasing Unit Trust using RSP. How can I redeem the Unit Trust purchased using SRS?

Discussion (1)

What are your thoughts?

Elijah Lee

Elijah Lee

27 Oct 2020

Independent Financial Advisor at Phillip Securities (Jurong East)

Hi anon,

Perhaps you can provide more details? Which platform did you buy it on? What is your SRS agent bank?

SRS holdings are kept by the agent banks. They do take a while to show up as UTs are forward pricing. But you should be able to see it around 3-4 days after you buy (it's not immediate)

To redeem, you will just need to sell it through the same platform you bought on. Again, the crediting of the proceeds is not immediate.

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