fsm sg is trying to kill all the small fishes. now the sales charge for equity or balanced funds are at 0.5% min $10 means top up $100 = $10 sales charge (10%). however prospectus capped it at 5% max means $5 =5% sales charge if you top up $100. as if we can top up in thousands everytime and every fund.

any comment from sifus here?

confirmed through live chat, prospectus capped it at 5% therefore $5 sales charge for $100 investment

if dont want sales charge then go for RSP 0%, debit every month on 8th

Hi,

The recent announcement of lowering sales charges is truely a joke. With 0.5% sales charge for equity and balanced funds, capped at minimum of $10, it would mean if i top up $200 on existing funds, my sales charge will be 5%. It means those small investors can go away, FSM only wants to deal with those rich ones.

I know your reply will quote 0% SC on RSP but why do you want to limit your investors to RSP every month at 8th while they can decide on their lucky day to invest with SC 1% is still acceptable.

A small investor like me does not agree on the new pricing structure which will ultimately eat me up through the sales charge no different than Public Mutual.

Dont reply me quoting RSP kind of BS which i already know, saving on paperwork and drive away small investor are your ultimate goals.

Thank you for upsetting your customer.

Xxxxx


My email to them

It may just be a matter of time before they introduce it in Mys

RM500 cannot buy timing

2k? as if you only hold 1 fund lor, they really ki siao

red sea does not happen all the time mar, hahaha

i think you can also send feedback to them. give them some pressure

clienthelp@fundsupermart.com

i think i quoted the wrong person

anyway, for those potential customers can also send feedback to them. they are driving away all the ikan bilis

opening account in FSM MY is much easier compare with FSM SG. FSM MY 1 day gao dim already all through electronic

foresee red sea coming?

means it will continue to rally right since most likely they wont stop QE due to weak reports

lol, i have submitted my form. see how long do they need to get approval.