Hi all.. i just want to ask something regarding the CIMB unit trust. i redeem some amount from my unit trust account on 26th July via CIMBcliks & this is the 1st time i redeem my unit trust. On the status enquiry, the selling transaction has been approved by CIMB but until now i didn't receive anything. How long it will be taken for them to credit the amount redeemed to my account? 

A normal unit trust redemption would normally take about 10 days for it to be disburse into your account.

Hi all.. i just want to ask something regarding the CIMB unit trust. i redeem some amount from my unit trust account on 26th July via CIMBcliks & this is the 1st time i redeem my unit trust. On the status enquiry, the selling transaction has been approved by CIMB but until now i didn't receive anything. How long it will be taken for them to credit the amount redeemed to my account? 

10 days or 10 working days?

It depends on the valuation cycle, if you sell just after the valuation cycle you have to wait until the next cycle to sell. But overall about 2 weeks.

A: For Cash Investments:
The following redemption period for redemption proceeds to reach you applies:

T+2 business days for OSK-UOB Cash Management fund and OSK-UOB Money Market Fund,
T+3 business days for Opus Cash Extra Fund and Opus Shariah Cash Extra Fund,
T+5 business days for ASM Investment Funds, TA Investment Funds and Pacific Cash Fund,
T+6 business days for Pacific A.I.R Fund,Amanah Mutual Funds, Hwang Investment Global Funds and Aberdeen Islamic Funds,
T+7 business days for Eastspring Investments Foreign Funds and Maybank Global Bond Fund,
T+11 business days for Opus Dynamic Income Fund,
Generally T+4 business days for all other unit trusts.
'T' date is the day where your sell order is transacted. You will be notified of this via an email. There are three methods for us to credit the proceeds to you:

What is that? 

Fyi, unit trust NAV is changing/adjusted daily and it can be redeemed at any business day.

http://www.fundsupermart.com.my/main/faq/faq.svdo?id=8278#4

Not all company has daily valuation, when I sold my CIMB units they only do valuation twice a week or once a week, maybe now they do it daily.

You can do redemption everyday, however the actual transaction based on the next available forward pricing. After which the payment is sent to the customer.

There is no such thing of "CIMB unit", it depended on what specific unit trust you owned, aka CIMB ABC fund, CIMB xyz global fund etc.

Also there is no such thing of last time do twice a week, then now become daily.
When the fund set up time, it already stated clearly how it NAV being adjusted daily, and how long the redemption period is etc.

Most equities/bonds fund out there is daily valuation.

Of course no such thing as CIMB unit, I was just mentioning it generally, actually it is called CIMB Max InvestSave, PSSIA-i

Goto http://cb.cimbislamic.com/index.php?ch=ci_...t=cimb_islamic# and refer to Latest RIV and Key Dates tab, check the Historical RIV pdf file, you will see the price is weekly basis.

Hi all.. i just want to ask something regarding the CIMB unit trust. i redeem some amount from my unit trust account on 26th June via CIMBcliks & this is the 1st time i redeem my unit trust. On the status enquiry, the selling transaction has been approved by CIMB but until now i didn't receive anything. How long it will be taken for them to credit the amount redeemed to my account? 

*edited

10.17 A management company should–
(a) pay the unit holder in cash the proceeds of the repurchase of
units as soon as possible, at most within 10 days of receiving the
repurchase request; and
(b) maintain adequate arrangements to enable it to meet any
repurchase request within the stated period of time.

Not all company has daily valuation, when I sold my CIMB units they only do valuation twice a week or once a week, maybe now they do it daily.

You can do redemption everyday, however the actual transaction based on the next available forward pricing. After which the payment is sent to the customer.