Dollardex has announced that all funds purchased under CPFIS from 8 June 2010 to 31 July 2010 on their platform will be at 0% sales charge.
This comes a few days after they conducted a poll to ask whether the current 3% cap on sales charge of CPFIS is reasonable.
Competition is getting intense with front end load on unit trusts having come down much over the years. Both Dollardex and Fundsupermart (FMS) are now locked in a fierce battle to grow and maintain their market share while trying to maintain a lid on their costs.
Consumers are smart and will vote with their feet to wherever they can find the best price and value.