How to invest in the fund
09.09.2010
Purchasing and redemption of fund shares
Investors can submit purchase and redemption orders for Advance Invest shares in the offices of Karoll Capital Management and other authorized locations every business day between the hours of 10 am and 5 pm. Orders are submitted personally or by a proxy. Valid ID, notarized proxy, and/or the respective company documents are required. The funds due must be either transferred to the fund's bank accounts (see information below) or deposited at the counters of Karoll. There is no minimum required amount for the investment. Orders are executed at the issue price determined on the business day following the day of order placement. Orders are filled up to the amount of the deposit divided by the issue price, and the number of purchased shares is rounded down to the lower whole integer. The remainder, if any, is returned to the investor within 3 days of the date of order execution.
Redemption orders are executed within 10 days at the redemption price determined on the business day following the day of order placement.
NAV publishing
The Net Asset Value (NAV), on which the issue and redemption fund prices are based is calculated in accordance with the current legislation, the fund's statutes and asset valuation rules every Monday and Thursday before 5 pm. The information is published in the daily press - Pari and Dnevnik, Money and other media on the next day as well on www.karoll.bg.
Forms for placing order
Every client needs to fill out and send us the appropriate form. This needs to be done before submiting any orders or making money transfers. Every form has a list of documents required from each clients in order to be registered. The form needs to be submitted via e-mail or by fax at +359 2 4008 423.
- Corporate clients
- Individual clients
In case of any questions or concerns, please see the Checklist or contact our specialists.