The redemption or sell order proceeds may be lower than the customer’s initial investment, depending on the current NAVPU of the fund.
Moreover, the actual redemption/sell order proceeds credited to the customer’s GCash wallet may not be equal to the redemption/sell order amount entered by the customer, depending on the NAVPU applied.
Redemption or Sell Order Processing
The NAVPU applied for all orders are the one on its allocation date.
Please see the schedule of redemption or sell order transactions for each fund on GInvest below
Additionally, only one redemption or sell order order can be placed at a time per investment fund. Should you wish to place another redemption or sell order, you must wait for your earlier placed sell order to be confirmed first.
Moreover, proceeds which will not be creditable to a user’s wallet due to the GCash wallet balance or transaction limit will be processed as follows:
- For wallet balance limit-breaching redemption or sell order proceeds – user must free up his/her GCash wallet by at least the amount of the proceeds for it to be credited to his/her wallet
- For wallet transaction limit-breaching redemption or sell order proceeds – user will receive the fund 1 banking day after the initial crediting