Just as a quick recap, any investment orders you place in your Dodl account are bulked and go through to the market after 3pm, or the next working day if you place your order after 3pm.

Funds have their own daily cut-offs for buying and selling, which is typically between 11am-1pm on any working day. This means that if you place an order to buy a fund at 9am and the fund has a cut-off time of 11am, because Dodl orders don’t reach the market until after 3pm, your order won’t reach the fund until the following working day.

It’s worth bearing in mind that funds use something called forward pricing, which means whenever you see the price of a fund in the app, you’re seeing the previous day’s price. You won’t know the exact price you’ll pay for a fund when you place your order as you’ll get the price at the next valuation point once your order reaches the market. Funds typically update their price once per day.

Most funds available through Dodl suggest they should be held for the long-term, typically 5 years or more. Always check the key investor information document (KIID) before you place your order, you’ll be able to do this each time you place a fund order in the app.

Just a note: if you’re looking to withdraw your cash and you’ve recently sold a fund, you’ll need to wait for this cash to clear before it can be withdrawn. You can find this date by tapping into the sale in your account activity, then ‘view more details’.

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