Each fund has different redemption terms, but oftentimes you can sell some or all of your investment on a quarterly basis, assuming no lock-up periods apply. Your share class may determine when you can sell, and your investment balance may determine how much you can sell. For example, products may have minimum investment holdings. If you submit a redemption request that brings down the value of your holding below the minimum investment amount, your request may be rejected.
Sidekick has implemented a minimum sell amount of £1000.
Funds may have dealing cut-off points. This means if your application to buy or sell shares in the fund were received after the cut-off point, your request will be processed in the next applicable trading cycle.
The fund in question may also defer or suspend redemptions, which would affect how many shares you can sell at once and when you receive payment. In addition, each product or share class you are invested in may have different redemption terms and holding periods, so please refer to the product information documents for more information on implications for selling your shares.
Sidekick will look to bring forward all these selling conditions to ensure customers are aware of the nuance across products.