the so called 0.2% p.a. career benefit on the loaded funds i guess is from the 1.5% annual management fee.
some funds even charged up to 1.75% annual nanagement fee. PM charge high SC and annual management fees due to:-
a) leverage on they are the biggest private mutual fund company and have among the best managed funds in the country
b) security commision has the closed door policy to foreign fund managers, so less competitions.

i just take Franklin Templeton Fund Management as example. This company has > 100 years experience in fund management,
i) the service charge for their funds is just 2% for equity fund if u buy thru the right channel
ii) Annual management fee is lower, like 1.25% for equity fund and 0.5% for fixed income funds.
iii) most of their funds do not pay dividend, so the dividend will be accumulated and reflected in the fund price, thus investor do not need to pay tax, mutual fund need to pay 25% tax on the investment incomedeclared b4 distributing to the investors, and it already taxed once when the invested company declared the tax and paid to the mutual funds.

Many ppl do not see the signicant difference on this charges, one can calculate the difference in ROI, if assuming you invest RM10k in day 1, and after 10 years how much u will get if both fund generates annual returned of say 15%. Calculation, as comparison, therefore will be based on
a) initial SC of 5.5% vs 2%
b) Annual fee of 1.75% vs 1.25%
c) 25% tax on dividend declared vs No tax elements