Recently I was doing research on investment and I come across OCBC bank. It is interesting to compare different types of unit trust.
OCBC Bank in collabration with Pacific Mutual Fund Sdn berhad introduce to investor a way to invest without paying for the sales charges on investment in equity unit trust. Don't you think this is interesting!!
What's the meaning of the sales charges?Is a fee levied on the purchase of units of a fund. The sames charges is channelled to fund expenses such as marketing, advertisment and distribution of a unit trust fund. It can range from 0% to 7%.
For example, assume that you invest sum of RM 1000 in a unit trust with a sales charges of 5%. The sales charges is approximately RM 47.62 which will be deducted from the initial investment sum of RM 1000, leaving only the remaining of RM 952.38 to be invested.
The 4 funds introduced by OCBC without sales charges are Pacific ELITE Dividend Fund, Pacific ELIT Dana Aman, Pacific ELIT Dana Dividen an d Pacific ELIT Islamic AsiaPac Balanced Fund.These funds are distributed by OCBC Bank (Malaysia)Berhad and OCBC Al-Amin Bank Berhad.
So do you think to invest or not to invest in these new funds?
Comparing Pacific ELITE Dividend Fund to Public Equity Fund:
www.signalinvest.com/personal/funds/compare/table
1 comment:
Public Bank or OCBC??
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