2.1.15 Amount Limits for IRA Transactions

This topic provides information on amount limits for ira transactions button.

For funds in which you have allowed IRA (Individual Retirement Account) investment, you can define the transaction limits. Use the Amount Limit for IRA Transactions section in the Fund Rules Detail screen to specify the limits.

It is mandatory for you to specify the IRA Limits fund rule for funds in which IRA investments are allowed.

The following limits are specified:

• Minimum transaction amount limits for initial, additional investment, and withdrawal transactions
• Maximum transaction amount limits for initial, additional investment and withdrawal transactions.

1. Click Fund IRA Transactions button from the Fund Rules Detail screen.
   The Fund IRA Transactions screen is displayed.

   Figure 2-33 Fund IRA Transactions

   
   

   
   Description of "Figure 2-33 Fund IRA Transactions"

   
   
2. On Fund IRA Transactions screen, specify the fields.
   For more information on fields in the screen, refer the below table.

   Table 2-66 Amount Limits for IRA Transactions Button - Initial Investment

   Field	Description
   Minimum Amount (Initial Investment)	Numeric; 30 Characters; Mandatory if IRA investment is allowed for the fund Specify the minimum amount that can be contributed in the initial investment into this fund, for a plan purchased in a product for which the fund forms part of the portfolio. This limit cannot exceed the corresponding limit set for the product, the portfolio of which the fund is a part.
   Maximum Amount (Additional Investment)	Numeric, 30 Characters; Mandatory if IRA investment is allowed for the fund Specify the maximum amount that can be contributed as an additional investment into this fund, for a plan purchased in a product for which the fund forms part of the portfolio. This limit cannot exceed the corresponding limit set for the product, the portfolio of which the fund is a part.

   Table 2-67 Amount Limits for IRA Transactions Button - Subsequent Investments

   Field	Description
   Maximum Amount	Numeric; 30 Characters; Mandatory if IRA investment is allowed for the fund Specify the maximum amount that can be contributed in the initial investment into this fund, for a plan purchased in a product for which the fund forms part of the portfolio. This limit cannot exceed the corresponding limit set for the product, the portfolio of which the fund is a part.
   Minimum Amount	Numeric; 30 Characters; Mandatory if IRA investment is allowed for the fund Specify the minimum amount that can be contributed as an additional investment into this fund, for a plan purchased in a product for which the fund forms part of the portfolio. This limit cannot exceed the corresponding limit set for the product, the portfolio of which the fund is a part.

   Table 2-68 Amount Limits for IRA Transactions Button - Withdrawals

   Field	Description
   Minimum Amount	Numeric; 30 Characters; Mandatory if IRA investment is allowed for the fund Specify the minimum amount that can be withdrawn through a withdrawal transaction out of this fund, for a plan purchased in a product for which the fund forms part of the portfolio. This limit cannot exceed the corresponding limit set for the product, the portfolio of which the fund is a part.
   Maximum Amount	Numeric; 30 Characters; Mandatory if IRA investment is allowed for the fund Specify the minimum amount that can be withdrawn through a withdrawal transaction out of this fund, for a plan purchased in a product for which the fund forms part of the portfolio. This limit cannot exceed the corresponding limit set for the product, the portfolio of which the fund is a part.