UOB Kay Hian has become the latest online platform provider of unit trusts.
As a promotional offer, UOB Kay Hian are charging 0.75% upfront sales charge for any purchase.
For now, their fund range is pretty limited as they only have CPFIS List A approved funds on their platform.
With more and more platforms coming on board and all of them offering promotional prices for the sales charge, will we see a day where the sales charge go down to as low as 0.25%? Definitely gone are the days where the sales charge is 5%.
Just a while back, DBS fired the first salvo by offering sales charge at 1%.