Purchase
Investors may, on any business day, purchase new shares through a Purchase/Redemption form in the PLF by writing to or calling in person at the Share Registry. The price will be based on the valuation immediately preceding the day on which the application is received by the Fund. The price is based on the Net Asset Value of the Fund. There is no service charge except for 1% of exit fee which is charged if the shares are disposed within one month of purchase. Payment in cash up to Rs 50,000 may be accepted. Otherwise payment may be made by cheque or bank transfer. Shares will be alloted only where full payment is received. For payment made by cheques, shares will be alloted when the cheques are cleared.
Redemption
A shareholder may redeem his shares by sending a Redemption Form to the Share Registry, together with his relative share certificate(s). The redemption price is based on the valuation (NAV) immediately before the Redemption Form is received. The payment period for the redemption shall be as follows: within 10 days for number of shares up to 50,000 units and within 30 days for number of shares above 50,000 units. All payments will be made by cheques.
Large Redemption
Where the Fund receives requests for the repayment of shares representing more than five per cent (5%) of the total Fund on the Request Date, the Company acting on recommendation of the Manager reserves the right to repurchase the shares at the Repayment Price determined by a successful sale of the requisite assets. In such cases, the same price shall apply for all shares transacted on that day. In selling the requisite assets, the Manager shall give due consideration to the interests of the shareholders as a whole.
Click here to download Purchase/Redemption Form
Disclaimer
Please note that investment involves risks. The value of your initial investment may increase or decrease according to market performance. Past performance is not an indicative of future returns. You are requested to seek professional advice before investing.
What is the Monthly Investment Plan (MIP)?
The Monthly Investment Plan is brought to you by Port Louis Fund Ltd. It enables you to invest in the Fund on a monthly basis with a minimum amount of Rs 500.
How do I subscribe to the Scheme?
The investor fills in a MIP Application and a Bank standing order forms. These should be deposited at the Registry along with copy of ID and a copy of your recent utility bill (less than 3 months old).
Click here to download MIP Application Form
Are there any additional costs?
There is no additional cost involved. The monthly bank transfer fee is paid by the Company. A list of eligible banks is at section 6 of the Terms and Conditions of the MIP.
Why should I choose Port Louis Fund Ltd MIP Scheme?
Port Louis Fund holds a multiple asset class portfolio consisting of locally listed shares, foreign equities and fixed income instruments.
How will shares be allocated to me?
The monthly subscription money will be used to buy shares of Port Louis Fund Ltd at the end of the month. This buying pattern will result in an average buying price paid over the period of investment.
How do I benefit?
Regular small investment made over a long period of time will result in a big amount. Dividend is also payable at the end of each financial year.
Why should I invest in Funds rather than fixed income and savings?
Historical analysis has shown that investment in shares has outperformed other asset classes, like savings and fixed income securities, over the long term.
Why the Monthly Investment Plan?
The MIP can be used to meet long term plan such as education, housing and retirement plan. The investment horizon should be the long term. The MIP is the ideal investment vehicle to participate in the portfolio of Port Louis Fund Ltd, which exceeds Rs 2.3 bn.
Click here to download the MIP Terms and Conditions
Disclaimer
Please note that investment involves risks. The value of your initial investment may decrease according to market performance. Past performance is not an indicative of future returns. You are requested to seek professional advice before investing.
