Fundsupermart lower sales charge! But still not good

Just got email from Fundsupermart.com, that with effective from 24th May 2011, upfront sales charge for all unit trusts will be 1% or lower. [Read New Pricing Structure]

This should be a piece of good news, but still no good enough, because the platform fee still remain. This mean that investors still have to pay up-to 0.05% platform fee per quarter or 0.2% per year for non-CPF funds.

Many unit trust brokers already having on-going 1% sales charges for long times. They don’t charges platform fee at all.

I would be happy to stay with Fundsupermart.com if no platform fee were charged.

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