Quick Answer: What is Satrix investment plan?

Is Satrix a good investment?

Investing in Satrix is an efficient way of gaining diversified market exposure at low costs. You are able to invest in the performance of the JSE with one simple, cost effective investment.

How much should I invest in Satrix?

Because SatrixNOW has no minimum investment amount, you will no longer have a cash account for each fund that you hold. Rather, you will see one cash balance in each of your Standard account and/or Tax Free Savings account.

Can you withdraw money from Satrix?

You are welcome to withdraw your money out of your SatrixNOW account at any time, provided the funds have settled (Ie. if you are expecting them from the sale of an investment), and are not locked up (ie. as a result of being deposited by debit order or from the redemption of a marketing / promotional voucher).

How do I invest in Satrix?

Like any other listed share, Satrix securities can be bought and sold through a stockbroker or online trading account. If the prospective investor does not have a stockbroker or online trading account, Satrix securities can also be acquired through the Satrix Investment Plan.

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What companies are in satrix top 40?

CONSTITUENT DETAILS

CODE SHARE NAME MARKET CAP
CFR COMPAGNIE FINANCIERE 948100414162.99
BHP BHP GROUP PLC 851058989753.97
AGL ANGLO 702375236551.99
NPN NASPERS -N 553150803738.38

Which bank is best for investment in South Africa?

Nedbank has the best-fixed deposit rate for 2021 offering a 10.60% interest rate, followed by Standard Bank with 10.55% with African Bank coming in third with a 10.50% effective interest rate for 60 months investment.

What is the JSE Top 40?

The Top 40 index is the 40 biggest companies on the JSE, ranked by market capitalisation, or market cap. The market cap of a company is the number of shares outstanding times the current share price.

How long does a satrix withdrawal take?

Please note: A realistic timeframe to expect the funds in your bank account is 2-3 days. We make every endeavor to make this process as quick as possible on our side, but we are to some extent at the mercy of the banking institutions with whom we deal and cannot make their processes any faster.

How do I deposit money into Satrix?

How do I deposit funds into my SatrixNOW accounts?

  1. Ensure you are logged into the SatrixNOW website.
  2. Choose the SatrixNOW account into which you want to deposit your funds by selecting that account from the Account Ribbon, just below the SatrixNOW logo.

What is SatrixNOW?

SatrixNOW is a web platform that enables you to buy and sell ETF shares (trading) directly with no minimum fees. Historically, high costs associated with share trading (platform and broker costs) have deterred some first-time investors.

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What is the difference between satrix and easy equities?

SatrixNOW is a ‘white-labelled’ site which uses the EasyEquities platform to invest. EasyEquities is a product of First World Trader (Pty) Ltd which is a Purple Group Limited Company. Purple Group Limited is a company listed on the JSE Limited (PPE).

What is S&P satrix?

JSE code: STX500 The Satrix S&P 500 Feeder Portfolio provides an investment vehicle for investors wishing to track the movement of the S&P 500 Index by investing in the iShares Core S&P 500 UCITS ETF (“underlying fund”) securities.