Distribution information merged
What you definitely need to know about buying fund units
General information on the distribution of investment units
Units of OTP Fund Management Ltd.’s open-ended, public, continuously traded securities funds may be bought and redeemed at OTP Bank’s distribution outlets – branches dealing in securities distribution, OTP InternetBank and OTPMobilbank – on any distribution day during the cash desk hours of each distribution outlet.
In the designated branches of OTP Bank
You can buy and redeem individual funds at OTP Bank branches during banking hours specified in the fund management rules (Mon–Fri:
7.45–17.00). For information on other cash desk hours, please contact the branches participating in the distribution. You
can select the address and phone number of the branches using the search module on our Distribution Locations page.
OTP InternetBank and OTP MobilBank
Orders placed online during the online period (Mon–Fri: 7:45–17:00) are carried out immediately. The online period corresponds
to the banking hours set out in the management regulations. Orders placed during the so-called offline period outside of banking
hours will be recorded and executed during the online period of the next banking business day.
There is no limit on the value of the transactions; units in OTP Fund Management Ltd.’s open-ended funds can be purchased in any amount and the investment can be increased or decreased by any amount.
Fees and commissions related to distributionOn the purchasing commissions, redemption commissions and other fees and commissions of investment funds, such as
- fees for intra- and extra-bank transfers related to investments,
- fees for opening and maintaining a securities account,
- cash withdrawal commissions,
- transfer fees for units of investment funds,
you can read more in the Announcement including the fees for OTP Bank’s securities business services.
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Please note that OTP Fund Management Ltd. does not distribute investment units.
Distribution partnersSettlement information
The financial settlement of unit transactions relating to the public open-ended funds of OTP Fund Management Ltd. can be carried out in several ways, as described in the following section.
Financial settlement takes place on the day of the transaction.
In the simplest case, the financial settlement is done on the day of the transaction, i.e. you will receive the consideration
for the units immediately upon redemption within the daily trading period, and you can also request the amount to be credited
to your current account or transferred to another bank. And if you invest in an investment fund, the number of investment
units purchased is immediately credited to your securities account.
You can buy or redeem units in T-Day settlement funds on each trading day at the net asset value (price) per unit on that day. The purchase price must be paid or transferred to the distributor immediately upon purchase. In the case of bank transfer, the settlement will be made at the exchange rate applicable on the day of receipt of the purchase price. When you redeem within the daily trading period, you will receive the consideration immediately, and you can also request the amount to be credited to your current account or transferred to another bank.
T+3 days settlementFinancial settlement takes place on the third trading day following the transaction.For most of our funds, the financial settlement and the crediting of the units will take place on the third trading day following the transaction. You can also place an order to buy or redeem units in these funds on any bank business day (T-Day). However, the net asset value (exchange rate) per ticket on which the transaction is based is calculated on the basis of the stock exchange prices on the next day (T+1). This exchange rate will be published the following day (T+2). Financial settlement takes place on the third trading day (T+3) following the order. When buying an investment unit, the amount intended for purchase must be paid on the day of the order; in the case of payment by bank transfer, the day of the order is the day of receipt of the purchase price.
When you redeem, you can receive the full value of your investment on the day of the order, provided that you wish to redeem up to 90% of the units in your account. If you want to redeem more than 90% of your units, the amount to be redeemed must be indicated in units, not in exchange rate value, and the full amount will be paid on the day of the financial settlement, i.e. the third banking day after the order is placed.
T+4 days settlementFinancial settlement takes place on the fourth trading day following the transaction.You can place an order to buy or redeem units of this type of fund on any distribution day (T-Day), which will be executed on the fourth distribution day (T+4) following the order, at the net asset value per unit (price) calculated on the basis of the market prices on the second day. Financial settlement takes place on the fourth trading day following the order. When you buy a unit, you must ensure that the amount intended for purchase is available to the distributor on the day of the order in your bank account linked to your consolidated securities account. You can redeem the amount you wish to redeem on the day of the order, provided you wish to redeem up to 70% of the units in your account. If you wish to redeem more than 70% of your investment units, the amount to be redeemed must be in units, not in exchange rate value, and the full amount will be paid on the day of financial settlement, i.e. the fourth trading day after the order is placed.
Where can you buy our investment units?
Please note that OTP Fund Management Ltd. does not distribute investment units. You can buy units from our distribution partners.
At OTP Bank
In the Internet Bank and Mobile Bank
You can also buy our fund units online if you have a securities account with OTP Bank and Internet Bank access.
Buy online
In person at OTP branches
Find a branch selling securities near you and book an appointment.
Book an appointmentAt our distribution partners
Need more information?
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