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.

1 comment:

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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