Caruso enables fund managers to efficiently transfer units between investing entities.
Step 1: Start the Transfer
Navigate to the relevant investing entity
Open the Holdings tab
Click the ellipses (...) icon next to the holding you want to transfer
Select Request Unit Transfer
Step 2: Enter Transfer Details
In the Transfer Units window, provide the following information:
Transfer date – the effective date of the transfer
Recipient investing entity – select the entity that will receive the units
No. of units - Enter the number of units you would like to transfer
Tags (optional)
Related party (NCBO) – use this tag when there is no change in beneficial owner.
Related Fund - use this tag when the transaction or investor relates to a different but connected fund.
Click Next
Note: Tags will appear in Admin App reports that show transactions, including all Holding Movement Reports and Fund Holding Movement Reports. This helps you filter and include or exclude tagged transactions.
Step 3: Confirm the Transfer and Set Notifications
Carefully review all details before confirming.
Understanding Transfer Dates:
Transfers with a past date update holdings immediately.
Transfers dated today’s date update the following day.
Notification Options:
Email Notification – Sends a confirmation email to both the transferor and transferee.
Click Confirm to submit the transfer request.
Buyer Example Email
Buyer Example Email
Seller Example Email
Seller Example Email
Step 4: Approve and Finalise the Transfer
After confirming, the order will move to a Requested state.
Scroll right in the Holdings tab and click the ellipsis (...) icon.
If you need to make changes, select Edit to update the transfer details (similar to Step 2).
Once reviewed, click Confirm to finalise the transfer.
Notification Options:
Email Notification: Sends a confirmation email to both parties once the transfer is complete.
System Statement: Generates a Unit Transfer Notice, saved under both entities’ Documents tabs, with the option to publish it to the Investor Portal.
Buyer Example Email
Buyer Example Email
Seller Example Email
Seller Example Email
Click Confirm to complete the transfer.
Step 5: Review the Transfer
The completed transfer will appear in the Transactions tab of both entities.
Investors can access the Unit Transfer Notice if published.
Fund managers can download reports that reflect the updated holdings.
If you have any questions or need help at any stage, please contact our Caruso Support team either by email or live chat.