You know we are slowly heading towards a zero (or close to zero) sales charge environment for unit trusts when fund distributors start selling funds at 0% sales charge.
From 1 February 2011 to 31 March 2011, all funds purchased at dollarDEX under CPFIS will be at 0% sales charge. This promotional price excludes switching and is for new investments only. Their normal sales charge is 2%.
Gone are the days when distribution of funds were monopolised by banks and consumers pay a sales charge of 5%.