Your buy and sell orders are carried out according to the time frames specified in the “When are my buys and sells completed?”
Public holidays will cause small delays and there can potentially be other delays due to additional tasks being carried out by the fund managers – we would not expect these delays to be any longer than a few business days.
InvestNow does not provide financial advice.
Prior to investing in any Fund you should read the disclosure material and research the managed fund to ensure that it meets your specific investment needs.
We believe it is good practice to get independent financial advice, and recommend that you get this. A list of Authorised Financial Advisers (AFAs) is available on the FMA’s website: www.fma.govt.nz
Websites such as sorted.org.nz are also a useful resource. Visit their “Investing & savings guide” for helpful information.
There is no minimum amount for deposits into your InvestNow Transaction Account.
Minimum investment amount for Managed Funds purchases is $50, when part of a Regular Investment Plan, or $250 for one-off investments
Here are the steps to sell managed funds:
If you want to cancel your Sell order, you can select the “Cancel” link beside your Sell order on the Sell page. […]
To buy Managed Funds you need to have cleared funds in your InvestNow Transaction Account – you deposit money in your InvestNow Transaction Account from your nominated bank account (see FAQ for more details).
Note that the minimum investment amount for Managed Funds purchases is $50, when part of a Regular Investment Plan, or $250 for one-off investments. For Term Deposits the minimum amount you must invest differs for each bank. Please visit our TDs page for more information.
InvestNow provides each customer with a Transaction account. You transfer money from your nominated bank account, into your InvestNow Transaction account and then use this money, once cleared, to pay for managed funds.
Here are the steps to deposit money into your InvestNow Transaction Account:
InvestNow does not charge any account or administration fees (we do receive a distribution fee on Term Deposits, see FAQ here, and interest held in Transaction Accounts, see FAQ here).
Any funds you choose to invest in have fund charges associated with them that are levied by the fund manager. The fund charges for funds on InvestNow are the same as you would experience investing directly with any of our fund managers. A small number of funds also have transaction fees* that InvestNow levies, which are applied […]
You should read the Client Agreement carefully to ensure that you understand all of the terms and conditions of your agreement with us.
You should read the disclosure material for any fund before investing. We strongly recommend that you seek independent advice before making any investment.