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Sale of fund units
Via Internet or Mobile Banking
You must be a Banca Transilvania customer and have the BT24 Internet or Mobile Banking service active.
Select from the menu Finance -> Investment funds.
Here you will find information about the amount invested, the current value of the investment and the number of fund units held. Sending a redemption order is quick and easy, in just a few steps.
THROUGH ANY BT AGENCY
Or at BT Asset Management headquarters
Payment is made according to the Prospectus within a maximum of 10 business days from the date of registration of the redemption request, but usually this process takes 2 business days.
If you request redemption, you only need to specify the amount you want, the number of fund units sold being calculated by the management company on the business day immediately following the registration of the request (the value of the fund unit reflects the assets on the day the redemption request was submitted). All redemption operations from BT Asset Management funds are carried out in the bank accounts of the holders of the investment accounts, opened with Banca Transilvania. Redemption orders registered in the distribution network of Banca Transilvania are transmitted to the investment management company, BT Asset Management SAI, through the IT applications implemented between the two entities. Redemption orders can be registered personally by investors in Banca Transilvania's internet banking application.
Taxation of investment fund gains
- by applying a rate of 1% to each gain on the transfer of securities which have been acquired and disposed of within a period of more than 365 days, inclusive, from the date of acquisition;
- by applying a rate of 3% to each gain on the transfer of securities which have been acquired and disposed of within a period of less than 365 days from the date of acquisition;
Read more about taxes due here.
Do you need assistance from us?
If you would like to become an investor and buy fund units, fill in the form below and we will get in touch with you.