FAQs 2018-09-17T08:06:10+00:00

Frequently asked
questions

Coronation is running this offer to celebrate our 25th birthday. Click here to view the Terms & Conditions of the offer.

If you are in doubt about the validity of this offer, please contact our client service team on 0800 22 11 77 or on clientservice@coronation.com

Yes. For the month of September, Coronation is waiving its minimum once-off investment amount for investments made through this website, and accepting investments from as little as R1.

For first time Coronation investors who invest in September through the Becauseitsyourmoney.com investment process, Coronation will top up your investment by 10% of the invested amount up to a maximum top-up of R250. The top-up contribution will be made by end of the first week in October 2018.

A unit trust fund is an investment product that pools the money of many investors to invest in assets like shares, bonds and listed property. Instead of having to pick individual investments yourself, a unit trust offers you exposure to a range of assets, which are selected and managed by investment professionals. It is an easy and convenient way to invest your money.

Yes, your money is invested in the Coronation Market Plus Fund, a regulated fund. Coronation manages money on behalf of millions of South Africans and we take this responsibility very seriously. Coronation Asset Management is an authorised financial service provider, and Coronation Management Company is a licensed manager of collective investment schemes. Note that the Coronation Market Plus Fund has a recommended investment period of at least five years as it invests primarily in growth assets. The value of your investment will fluctuate depending on the prevailing market prices of the underlying investments in the fund.

No, you can choose to withdraw your money at any time, at no cost. It usually takes 1-2 business days to withdraw your money.

If you elect for Coronation to collect the investment amount from your bank account by way of a once off debit order (electronic collection), we will apply a restriction on your ability to withdraw these funds for the first 40 days as debit orders can be reversed within 40 days. If you elect to do an EFT, there is a 14 day clearance period. This protects both you and us from fraud.

You can withdraw the full value of your investment at the value which is calculated daily.

No, the value of your investment may go down as well as up and Coronation does not provide any guarantees with respect to the protection of your capital or a specific rate of return. What we can guarantee is that our investment professionals will manage your money with due care and to the best of their ability. Your money will be invested in shares, listed property and other yielding assets listed in South Africa and on stock exchanges around the world. If you want to learn more about the suitability of this fund for you, its historical return and risk profile and other important information regarding this investment, please refer to the comprehensive fact sheet.

You only pay one annual fee for the management and administration of the fund. For the Coronation Market Plus Fund, this fee depends on performance and will be between 0.75% and 2.4% (excl. VAT).

If the fund’s net return (after fees and costs) is less than its benchmark’s over the preceding 60 months, a fee of 0.75% is charged. If the net return is in line with the benchmark, a fee of 1.25% is charged. We share in 20% of performance above the benchmark +2% up to a maximum total annual fee of 2.4%. The fund benchmark is a composite of local and international market indices (70% shares; 30% bonds and cash).

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