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NAV Wholesale Fund Minimum application and additional contribution

Discussion in 'Managed Funds & Index Funds' started by artgul, 8th Jan, 2008.

  1. artgul

    artgul Well-Known Member

    Joined:
    16th Aug, 2005
    Posts:
    77
    Location:
    Sydney
    I just realised that NAV Wholesale fund had increased the minimum application to $2.5M and the additional contributions to $250k. It looks that Navra fund just want institutions in the wholesale now... what would happen with us mortals when we want to buy additional units but, can't afford Q-er of a mil increases?

    Thanks,
    artgul
     
  2. Nigel Ward

    Nigel Ward Team InvestEd

    Joined:
    10th Jun, 2005
    Posts:
    1,172
    My experience is that NavraInvest will permit lower additional investments from existing unitholders in the wholesale fund.

    Just give them a call and say you're an existing wholesale unitholder and want to make an additional investment.

    They ain't gunna say no :D

    Cheers
    N.
     
  3. Liverpool St

    Liverpool St Well-Known Member

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    21st May, 2007
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    96
    Location:
    Sydney
    Wholesale


    They did to me. I tried to place $100K in the fund and the cheque was returned...
     
  4. Nigel Ward

    Nigel Ward Team InvestEd

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    I'm really surprised! :eek:

    I think I'll give them a call wearing my concerned shareholder hat! ;)
     
  5. artgul

    artgul Well-Known Member

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    I gave them a call and they will accept it if your adviser is ok with it.

    Rgds,
    artgul
     
  6. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Location:
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    I'm wondering if they gave an explanation ? Perhaps there was something else wrong ?

    I'd be really concerned if they weren't taking people's money.