* Please take note that the fees incurred for Intra fund house switches may be lower as compared to Inter fund house. Do consider this option before you execute an Inter fund house switch.

1. Intra switch: A switch to another fund within the same fund manager.

2. Inter switch: A switch from one fund manager to another.

Switching is allowed for all payment methods.

Inter switch

Inter fund house switching is allowed only for cash investments. You cannot switch if you had invested with your savings in EPF Account 1.

You can then select the fund you want to switch out of and the fund you want to switch into.

You can then select the fund you want to switch out of and the fund you want to switch into.

Intra switching is subject to the switching fee as pre-determined. The information is stated in TRANSACTION-> FUNDS SALES CHARGES -> SWITCHING -> INTRA FUND HOUSE

Inter switch

Switching comprises of two processes: a sell transaction for the fund that you are invested in and a buy transaction for a fund that you want to invest in. Switching into a fund is not free-of-charge and investors have to pay for redemption fees, if there are any applicable to the switch sell fund, as well as the sales charge imposed on the switch buy fund. The information is stated in FUNDS INFO-> FUNDS SALES CHARGES-> SWITCHING-> INTER FUND HOUSE

All EPF Intra Switching will only be processed after FSM receives the complete documents. Switching order will be processed on the same business day if all required documents are received before 3pm. If the documents are received after 3pm or a non business day, orders will be processed on the next business day.

EXCEPTION: For fund switching under the management of OSK-UOB Unit Trust Management Berhad and OSK-UOB Unit Trust Management Berhad - Smart Series Funds, you need to submit In-house Switching form and a Master Application form.

As the switch buy order will be transacted after the switch sell order, you need to ensure that the redemption amount from the switch sell, based on the latest indicative bid/NAV price, is at least 105% of the minimum initial or subsequent investment amount of the fund you are switching into.

For example, if you want to switch out of Fund A and into Fund B, and Fund B has an initial investment amount of RM1,000, you need to ensure that the switch sell of Fund A, based on its latest indicative bid/NAV price, will generate at least RM1,050 worth of proceeds. This is so that if the actual transacted switch sell price of Fund A is lower than the latest indicative bid/NAV price, there is a buffer to ensure that the minimum initial or subsequent investment amount of Fund B can be met.

Our system will prompt you if the amount is insufficient.

The switch-sell and switch-buy orders will be transacted on the same business day the order is received before 3:00pm. Otherwise it will be transacted on the next business day.

EPF investments

The switch-sell and switch-buy orders will be transacted on the same business day the fund manager in-house switching form is received before 3:00pm. Otherwise it will be transacted on the next business day.

NOTE:

The whole process of an Intra switch (for BOTH cash and EPF Account 1 investments) will take four business days to complete after the transaction date (T) of the switch sell&buy funds i.e. T+4 business days.

The switch-buy order will be transacted based on the lag time as described in the table shown at FUNDS INFO-> FUND SALES CHARGES-> SWITCHING-> INTER FUND HOUSE. However, this lag time will be shorter than executing the sell and buy transactions on your own.

NOTE:

The whole process of an Inter switch will take four business days to complete after the transaction date (T) of the switch-buy funds ie T+4 business days.

2.You are not required to make any payment as the proceeds from the switch sell order will be used to pay for the switch buy order.