Lower Unit Trust Sales Charges

It seems like, for Employees Provident Fund (EPF) contributors, there’ll be a discount for them if they decide to invest in unit trusts. They’ll be paying lower unit trust sales charges of not more than 3%. That’s a steal!

I reckon that this is a really good move if we want encourage people to invest their money. It gives people an incentive to invest in a high-yield asset rather than just leave their money in their EPF accounts earning a rather low rate of return.

Anyway, how about the rest of us mortals with no EPF accounts? Will we still be paying the same 6.5% for equity funds? Any unit trust consultants out there to answer this? 🙂

Also, does this mean less commission for the unit trust consultants? 🙂

Here’s the full news article at The Star. Thanks to Sebol for sharing the news.

About nadlique

This blog is about the journey of a 28-year-old Malaysian towards financial freedom. This blog was started back when the blogger was 21 years old. However, his journey towards financial freedom had begun way before that. Materials such as investing, business, entrepreneurship, equities, and real estate are presented. The author also posts his thoughts and observations on life in general.

Comments

  1. cant wait my account 2 EPF to reach 55K to invest in Unit Trust

  2. my hubby will be using his account 2 for downpayment of our future house. that means, my own account 2 will be untouched. hmm, gotta keep myself updated on how much i’ve got so far…wahahaha, and I only work for 1 1/2 years. Sigh, time time time

  3. Ici: I guess youngies like us, time is our biggest asset. Slow and steady is key 🙂

    Good luck with your wealth-creation journey 🙂

    Kate: Good job you’re doing there. And.. stop “enjoying” life so much. Hehe. Just kidding! 😛

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