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.
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1 comment:

  1. Justin LimAugust 23, 2006 4:34 PM

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

    ReplyDelete