Managed Funds Why two Navra Australian funds ?

Discussion in 'Shares & Funds' started by hillsguy, 20th Jun, 2007.

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  1. Glebe

    Glebe Well-Known Member

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    I'm just glad I got into the wholesale fund when I did.

    Now if I sell down to pay off the PPOR I'll at least keep $1 worth of units!
     
    Glebe, 25th Jun, 2007
    #21
  2. Simon Hampel

    Simon Hampel Founder Staff Member

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    Actually the minimum balance is $100K
     
    Simon Hampel, 25th Jun, 2007
    #22
  3. seaview

    seaview Well-Known Member

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    Hi,

    This raises 2 questions for me:

    1. To avoid a whopping tax bill next year I going to sell some Navra wholesale in a few months and buy it back in my daughters name. (The buy/sell fee was cheaper than a transfer fee). But now I am loathe to sell any of the WS fund and wonder if they will permit me to transfer it to someone else instead?
    It would be a real shame to have to swap to the Retail Fund and pay a higher MER, but it would be a bigger shame to pay lots of tax. So I am in a pickle.:cool:


    2. Does anyone know if existing WS fund holders can still add to their holdings, either directly or via savings plan/ reinvestment of dividends?

    Thanks
    Seaview
     
    seaview, 25th Jun, 2007
    #23
  4. gazza

    gazza Well-Known Member

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    Seaview

    I got the impression that existing wholesale fund holders cannot add to existing holdings (unless you are investing over 2.5 mill of course :)

    Gazza
     
    gazza, 25th Jun, 2007
    #24
  5. hillsguy

    hillsguy Well-Known Member

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    We have up until last quarter re-invested part of our dividends each quarter back into the WS fund. I have not been notified that it will be any different next quarter.
     
    hillsguy, 25th Jun, 2007
    #25
  6. Simon Hampel

    Simon Hampel Founder Staff Member

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    If that were the case, they would have had to re-issue the prospectus, because we invested based on what was specified in that document.

    There has been no such notification, so I wouldn't consider that to be correct.
     
    Simon Hampel, 25th Jun, 2007
    #26
  7. gazza

    gazza Well-Known Member

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    I stand corrected. Maybe it was if for example I as an existing unitholder , wanted to open an account in my wife and my names (as opposed to the existing account being in my wife's name).
     
    gazza, 26th Jun, 2007
    #27
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