mFunds can be a great way to diversify your clients’ portfolios and put your business in control.
Advisors can now invest online in over 170 managed funds through their broker
Now you can invest in managed funds using the same platform as your shares, with your Bell Potter Online account and mFund.
mFund is an ASX service powered by the CHESS settlement system that allows you to buy and sell units in managed funds with the same security and reliability as any other ASX investments.
When you invest in mFunds, you get:
Fast and convenient online transactions
No paper, no application forms – use your existing trading account with Bell Potter Online to place fast online orders and benefit from standardised settlements through CHESS.
All your investments in one place
Track and manage your mFund investments in the same place as your share portfolio, with consolidated and easy-to-read reporting.
Advantages over wraps
Investors hold the asset in their name and only pay for the transaction in and out. There is no fee for holding the asset and no tax event when it is moved.
Advisors can construct and manage their clients’ portfolio more efficiently by accessing mFunds through their broker.
mFund is the settlement service provided by ASX to enable investors to buy and sell units in unlisted managed funds directly with fund managers via their Bell Potter Online account.
The service uses CHESS settlement system to automate and track the process of buying (applying for) and selling (redeeming) units in managed funds. Investors’ holdings in these funds are held electronically and can be linked to the same HIN used to hold other investments transacted through ASX, such as shares.
Investing in managed funds with mFund is similar to investing in equities. Simply place an order online through our Managed Funds order pad. No need to provide any additional paperwork from your clients. Funds will settle through their existing nominated bank account.
To invest in managed funds through mFund, follow these three steps:
- Research mFund products from the 'Managed Funds' page, read the fund profile and PDS
- Choose the ‘Managed Funds’ option on the Order Pad and place your order online
- New mFund units are transferred to CHESS holdings and can be seen in the respective client’s portfolio
To sell managed funds units, go to the Managed Funds Order Pad, choose the ‘Sell’ option and enter the quantity you plan to sell.
Access to mFunds must be signed off by your licensee, to find out more please contact us at firstname.lastname@example.org