QUOTE(contestchris @ Dec 23 2016, 01:17 AM)
Guys, if I put in RM1000, RM30 which is sales charge and so RM970 is the net initial investment.
How should I calculate my returns after one year? Do I minus 3% from the 1-year performance of the fund (for example, let's say it is 5%)? From second year onwards it is easy - my returns is the same as the returns quoted by FSM/Bloomberg etc. But I'm just wondering about first year returns since it has sales charge.
what is shown on the web is the "performance" of the fund for a certain period.
if you want to see or measure the performance of the fund, you don't minus the SC.
if you want to see or measure your returns of invested amount, you have to minus the SC
Thus lower cost of SC can have an impact on your money....but this impact will be diluted as years goes by......
QUOTE(contestchris @ Dec 23 2016, 03:45 AM)
To confirm, does repurchase charge mean the fee you need to pay when you want to sell off your stake in a unit trust? Is it the same thing as redemption fee?
"If an investor wishes to redeem RM10,000.00 from a Fund which imposes a repurchase charge of 1% of the NAV per Unit (which is the Repurchase Price per Unit of the Fund or the amount intended to be redeemed from the Fund), the repurchase charge will be:......"
http://www.midf.com.my/index.php/asset-man...rges-a-expensesThis post has been edited by T231H: Dec 23 2016, 06:46 AM