mFund Settlement Service

The mFund Settlement Service enables you to buy and sell units in selected unlisted managed funds directly with the mFund issuer via a stockbroker or advisory services used to transact shares or other ASX products.

The service uses CHESS, ASX’s world-class electronic settlement system, to automate and track the process of buying (applying for) and selling (redeeming) units in these managed funds. Your holdings in these funds (‘mFunds CHESS holdings’) are held electronically and can be linked to the same Holder Identification Number (HIN) used to hold other investments transacted through ASX, such as shares.

That means you can track your managed fund investments using the same systems you use for shares and other securities.

Key features

Removal of paper-based applications
The mFund Settlement Service 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.

Automation of the process & holdings
By using CHESS, orders for units are sent electronically to the mFund. This enables progress of orders to be monitored, and at settlement for unit balances to be recorded on your HIN alongside other investments; providing greater transparency over your holdings.

ASX rule framework
The ASX rule framework supports the mFund Settlement Service by ensuring all parties, including stockbrokers, issuers and unit registrars,are accountable for their roles and responsibilities. This rule framework underpins the high level of standards expected of services delivered by ASX, providing you with greater confidence.

Benefits of the mFund Settlement Service
The mFund Settlement Service introduces a range of significant benefits for investors who use ASX to access investment options. These centre on efficiency, convenience, transparency and speed.
Investors gain a convenient and familiar way to expand their range of investments and benefit from simple, fast and familiar management processes supported by the ASX rule framework, which underpins the high standards expected of services delivered by ASX.

Key Benefits

Next steps

Learn about mFund managers

View all mFunds

Find an mFund broker