Who can use this feature?
Bundles are currently only available to customers in South Africa, Malaysia, Nigeria, and Indonesia. The types of bundles you can invest in differ per country.
The following costs apply when investing in a bundle:
When buying a bundle
A cost of 1% of the amount you’re investing.
Tracking
2% per annum.
You’ll pay a portion of this 2% fee once every quarter when the bundle is rebalanced — it’s automatically deducted from your bundle balance. This fee is calculated daily based on the total value of your bundle, so if you sell before the end of the quarter, you’ll only be charged the daily accrued amount at the point of sale.
Sell
A combined cost of 1% of the total amount being sold, and a 2% per annum rebalancing fee which is calculated pro-rata for the period since the last rebalance.
Note
When you sell your bundle, this transaction cost is combined with the rebalancing fee. So you’ll pay 1% of the amount being sold, plus whatever portion of the 2% rebalancing fee has accrued by the time you sell.
Unbundle
“Unbundling” allows you to transfer an individual cryptocurrency from the bundle into its normal transactional wallet. The ability to unbundle is currently only available to customers verified in Malaysia.
A 1% transaction cost will be deducted from the amount you unbundle.
How to track your fees and transaction costs
To view the total amount of fees and transaction costs paid so far:
- Sign in to Luno
- Go to Wallets
- Select the Bundles card, then Luno Large Cap
- Scroll down to the Profit and Loss section to see the total fees paid
To view each of the individual fee or transaction costs:
- Sign in to Luno
- Go to Wallets
- Select the Bundles card, then Luno Large Cap
- Scroll down to the Transaction history section