No paper-based applications
mFund does not require you to complete application forms when buying new units or when selling existing units in an unlisted managed fund, saving you time. By using CHESS, orders for units are sent electronically to the managed fund and enables the progress of orders to be monitored. You are buying units from the fund manager rather than from other investors, mFund is not traded on the ASX market.
Units held on your Holder Identification Number (HIN)
mFund unit balances are recorded on your HIN alongside other investments at settlement, providing you with greater transparency over all your holdings.
ASX rule framework
The ASX rule framework supports mFund by setting out the roles and responsibilities of those involved, including brokers and issuers.