1. General

Benefit

Rebalance your portfolio in line with your goals and risk tolerance.
Flexible execution on business days, subject to fund terms and cut-off times.

Access Point

ASNB Branches & Bank/Pos Malaysia Agents – transfer and switching at the counter.
myASNB – selected transfer/switching features available via the portal/app (subject to policy).
i-Invest (EPF-MIS) – switching for EPF-MIS funds (availability subject to announcements/temporary suspension, if any).

Cut-off Time

Switching requests must be submitted before 4:00 pm on business days. Requests after the cut-off are processed on the next business day; for variable-price funds, units are switched at the forward-priced NAV per unit.

Type of investment eligible for switching/transfer

Switching (between funds): Performed by the same unit holder when moving holdings from one fund to another, subject to fund fees and terms.
Transfer (between unit holders): Transfer of units of the same fund from Holder A to Holder B, subject to unit availability (especially for fixed-price funds) and applicable fees/terms.
EPF-MIS (i-Invest): Switching/redemption subject to EPF guidelines and feature availability on i-Invest.

Transaction limit

Generally, there are no specific limits on amount or frequency for switching/transfer (subject to current policies and unit availability for fixed-price funds).

Minimum transaction allowed

No limits are imposed on the amount or frequency of Transfer & Switching transactions. However, these facilities are subject to existing unit balances and the features of the respective unit trust as stated in the Master Prospectus and any Supplementary Master Prospectus, including minimum balance requirements, eligibility criteria, individual investment limits (if any), and other applicable terms.

Documents required

Registered unit holder’s identification (or Registered Guardian) and ASNB membership number.
Official transfer/switching form (for counter transactions).
Additional documents if acting on behalf of another party (e.g., Power of Attorney).

Will these services affect the income distribution or bonus?

Taking into account the movement of unit trusts during the execution of transfer and switching facilities, the income distribution calculation method is identical to that of additional investment and unit repurchase transactions.
The income distribution calculation is based on the existing calculation methodology

Different*

Transfer	Switching
Move units of the same fund from A → B (two different holders). Subject to unit availability and transfer fees (up to RM15 per transaction, depending on the fund).	Move between funds by the same holder (A switches from Fund X to Fund Y). Switching fees vary by fund; e.g., switching into a fixed-price fund may involve a sales charge differential, with a minimum fee of RM25 for certain funds.

* Despite that, the transfer or switching is subject to availability units for subscription of the unit holders. For variable price funds, the transfer or switching is subject to the NAV during transfer or switching request.

2. Service Charge

1. Transfer

Fund Type	Fees based on Channels
Fund Type	ASNB branches & agents’ branches	Online
Variable Price Funds	RM 15	RM 5
Fixed Price Funds	Nil	Nil

2. Switching

a) Through ASNB branches & agents’ branches

Switch From	Switch To
Switch From	Variable Price Funds	Fixed Price Funds
Variable Price Funds	The difference in sales charges between the fund switched out and the fund switched into, subject to a minimum charge of RM25 per transaction.	Nil
Fixed Price Funds		Nil

b) Through online channels

Switch From / Switch Out	Switch From / Switch Out
Switch From / Switch Out	Variable Price Funds	Fixed Price Funds
Variable Price Funds	The fee is based on the difference in sales charge between Switching from funds with lower to higher sales charges. No switching fee is charged for Switching from a higher to a lower sales charge fund.	Nil
Fixed Price Funds	Sales charge of the Variable Price Funds	Nil

Please refer to the Master Prospectus and any accompanying Supplemental Prospectus(es) for more information of the unit trust funds.

Note : Service Tax (SST) of 8% will be imposed on relevant fee charge, where applicable.