Saturday, August 19, 2006

Reduced annual charges

NTUC Income is reducing its annual charges for the following funds from 1 July 2006:



New Charges Old Charges
Singapore Equity 0.65% 1.00%
Growth Fund 1.0050% 1.0575%
Balanced Fund 0.9375% 0.9725%
Conservative Fund 0.8700% 0.8875%



The reduced charge mean more return to our investors.

The largest reduction is for our Singapore Equity fund, which is also one
a top performing fund.

4 comments:

Truth Seeker said...

finally, yes this is a piece of good news. hopefully the performance will reflect it. however, annual charge should never be the sole decision factor in selection of any funds.

Dayspire said...

Great news Mr Tan. I am glad that Income has further reduced the costs and allow me to maximise my investments.
Thanks & pls keep up the good work!

VivaRevolution said...

Good.

Justin Lim said...

I applaud NTUC Income for keeping their management fee low. Hope this would put pressure on other fund houses to follow suit.

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