Should your Satrix ETF or Unit Trust fund make a distribution payment, you can choose for this amount to be:
- automatically re-invested or
- paid into your SatrixNOW cash account
You can view and update your choice at a profile level under Account Preferences menu option (as per the image below).
Please login and make sure that you are happy with your selection.
You can also set a different distribution preference for each individual Satrix fund you are invested in.
You can do this by selecting the Dividend Payout Preference option for that specific fund by clicking on the cog icon for that fund on your account overview page (as per the image below).
Note on Tax Free Savings Accounts: Any distributions in your TFSA that are automatically re-invested do not count toward your annual limit of R33 000.