For Phillip Mutual unit trust, the order is generally processed once they receive the completed form and payment, and units are issued only after that receipt is confirmed.

A practical way to think about it:

  • Your application is not usually “done” the moment you click buy.
  • It moves to processing after Phillip Mutual gets both the form and proof/payment.
  • The exact timing can depend on the fund’s cut-off time and whether your submission is complete, so same-day submission is not always same-day processing.

What this means

If you submitted it before the relevant cut-off and everything is in order, it may be processed on the same business day or the next working day, but Phillip Mutual’s own documents mainly state the condition for processing rather than a fixed public turnaround time.

Best check

If you want the exact timing for your specific fund, the safest place is the transaction status in your Phillip Mutual account or their customer service, because processing can vary by fund and submission time.

In short: the order is processed after Phillip Mutual receives your completed application and payment, not immediately at the moment you place it.