Glossary › Notice period
The notice period is the lead time by which a redemption request must reach the fund before the dealing date.
Semi-liquid funds only redeem units on fixed dates, and the request must have arrived beforehand. The period ranges from a few business days to several months. Anyone who misses it waits until the next dealing date – a quarter longer with quarterly redemption. On top of the fund’s period comes the processing time of the custodian bank, which often requires requests a few days earlier.
The notice period says nothing yet about when the money arrives. After the dealing date the fund first has to determine the net asset value and then pay out, which can take further weeks. Prospectuses also count differently: in calendar days, in business days or as a fixed cut-off. The period only becomes comparable once it is converted into calendar days.
For 85 active funds the prospectus counts the period in calendar days; there the median is 90 days, ranging from 7 to 365 days. 26 further funds count in business days, some with a fixed cut-off.
Shortest, middle and longest period (calendar days) · as at 16 Oct 2026