Want to invest in mutual funds with zero entry fee? - Hallo sahabat Finance Inspiration, Pada Artikel yang anda baca kali ini dengan judul Want to invest in mutual funds with zero entry fee?, kami telah mempersiapkan artikel ini dengan baik untuk anda baca dan ambil informasi didalamnya. Mudah-mudahan isi postingan Artikel Investment, Artikel Mutual Fund, yang kami tulis ini ada manfaatnya. Baiklah, selamat membaca.
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People are starting to get financially educated and a handful are already investing in paper assets such as in the stock market and mutual funds.
To further enhance the financial literacy of Filipinos and encourage more people to invest, through IMG's new membership platform and financial education program, one can invest in mutual funds with zero entry fee!
What is an entry fee?
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| Want to invest in mutual funds with zero entry fee? |
An entry fee or normally called as sales load is a deduction on your investment amount that pays for certain charges such as taxes and agent's commission.
It ranges from 2 to 5% depending on the fund and the investment amount.
Example:
If you invest 10,000 at 3.5% sales load.
Then, 350 is the entry fee and the difference of 9,650 is the investment amount.
Some would say, "350? Oh never mind that!" But mind you, what if you constantly invest 10,000 per month for the next 12 months. Then that would total to 4,200 of sales load!
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Want to invest in mutual funds with zero entry fee?
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