Who can use this feature?
The Luno Large Cap Bundle is currently only available to customers in South Africa, Malaysia, Nigeria, and Indonesia.
The following fees apply when investing in a bundle:
Buy
A charge of 1% of the total bundle value at purchase.
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 fee 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 sell fee 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
The ability to unbundle is only available to customers verified in Malaysia. This allows you to transfer an individual cryptocurrency from the bundle into its normal transactional wallet.
This incurs a 1% fee of the amount you unbundle.
How to track your fees
To view the total amount of fees 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 payments:
-
Sign in to Luno
-
Go to Wallets
-
Select the Bundles card, then Luno Large Cap
-
Scroll down to the Transaction history section