How To Sell Mutul Fund??

1. Contact the adviser who sold you the fund, or someone in theircompany. If you bought directly from a mutual fund dealer, contact thecompany directly.

2. Tell them that you want to sell your units. The value of a mutualfund unit is described as the net asset value per share (NAVPS). Hereis how you calculate the NAVPS:

First, take the total value of the fund if everything were sold on that day, less any outstanding debts.

Divide that total value by the total number of units that the fund has sold to investorsExample: If a fund is worth $10 million and has sold onemillion units, the NAVPS will be $10. If you own 10 units, yourinvestment is worth $100.

3. You may have to sign a form stating that you want to sell yourunits. This stops anyone from selling your units when you don't wantthem to. For example, if you give the order to sell the units over thephone, you may be asked to fax a confirming letter.

4. Tell your adviser or the mutual fund company what you want them todo with the money you get from the sale. Options include: sending you acheque, depositing the money in your bank account, or using the moneyto buy other mutual funds.

Tip: If you want to move your money to another fund inthe same mutual fund company, you can usually do a simple exchange.Tell your adviser if you want to do this. It may save you some time andmoney.

Will I pay any costs when I sell my mutual funds?The answer is "yes" if you bought a mutual fund with a deferred salescharge. In this case, you will pay a sales fee or commission. The sizeof the fee depends in part on how long you have held the funds, andwhat company you are dealing with.

Tip: Most companies allow you to sell a certain number of units (say, 10%) for free each year.

Remember: You may pay fees to sell your mutual fund units

Find out how much before you decide to sell. Another option is toswitch to another mutual fund from the same company. If it's a goodfund, it may be a good move and it will save you money.