FundSuperMart v16 (FSM) MY : Online UT Platform, UT DIY : Babystep to Investing :D
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 Dec 20 2016, 10:22 PM
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#1
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Senior Member
4,717 posts Joined: Jan 2003  
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hi all,
just a simple question, for PRS Fund, is it correct that FSM does not have any sales fee? i see from their website, shown 0% sales charge, then only 1.5% management fee, the management fee is annual right? Thanks! |
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Dec 21 2016, 10:10 AM
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#2
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Senior Member
4,717 posts Joined: Jan 2003
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FSM agent also reply and confirm this with me...
Got such thing as free lunch in this world? If FSM charge 0% sales charge then how they earn? Or really they do charity for PRS fund? QUOTE(T231H @ Dec 20 2016, 10:34 PM) yes, 0% SC as per their website.... for other fees,...they are charged by the PRS providers and these charges are reflected in the daily NAVs...which means you don't see it. except the yearly PPA fees (if there are transaction for that year)...where they will deduct the money from yr a/c. for more details abt the charges.... http://www.ppa.my/prs/joining-prs/fees-charges/  |
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Dec 21 2016, 11:04 AM
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#3
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Senior Member
4,717 posts Joined: Jan 2003
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Yup... for normal UT... i know they still got lower sales charge... but looks like they really don't earn anything from PRS fund though....
QUOTE(Avangelice @ Dec 21 2016, 10:15 AM) do note that they get their monies from investors like us who purchase equities into our personal portfolios and everything is Do-it-yourself in fsm. All they do is help us process the buy and sell of our funds unlike agent based commissions. regards. |
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