Local unit trust distributor DollarDex has recently reduced its sales charge.
Some of the changes include:
- Equity funds sale charge from 0.75% to 1.5% (depending on which client category)
- Zero sales charge on all CPF investments for Private Client+
- Maximum 0.75% sales charge on all CPF investments for Private Client
- Maximum 1% sales charge on all CPF investments for other clients
- Lower qualifying portfolio size in all client categories
Their full table of charges can be found here:
Slowly but surely, we are heading towards an era of 0% sales charge. It has already arrived for CPF investments (for certain clients).