Basically you can sell your fund at any time. The recommended holding period for the investment funds of Erste Asset Management, ERSTE-SPARINVEST, and Ringturm is based on the "Synthetic Risk and Reward Indicator" (SRRI, see also Fund Glossary). This risk indicator is calculated according to the regulations issued by the European Securities and Markets Authority and forms an integral part of the key investor information documents (also referred to as KIID). You can find the recommended holding period in the overview of the respective fund or in the fund fact sheet that can also be downloaded. The minimum recommended holding period for a fund with an SRRI of 1 or 2 is three years, while it is five years for a fund with an SRRI of 3 or 4, and seven years for a fund with an SRRI of 5, 6, or 7. The minimum recommended holding period of an equity fund is seven years, for example.