facebookAm I actually paying for sales charge if the platform states 0% while unit trust fact sheet says "up to 5% initial sales charge"? - Seedly

Anonymous

07 Jun 2019

SeedlyAMA

Am I actually paying for sales charge if the platform states 0% while unit trust fact sheet says "up to 5% initial sales charge"?

My online platform says 0% sales charge for Unit Trust whereas the Unit trust fact sheet says "up to 5%" initial sale charge. Am I paying for that sales charge? secondly if these platform says 0% sales charge, 0% platform fee etc, how they make money for Unit trust then? Can anybody explain? Thanks.

AMA The Fifth Person

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Hariz Arthur Maloy

07 Jun 2019

Independent Financial Advisor at Promiseland Independent

Your platform is not charging any Sales Charge. They earn from the trailer fees given by the fund.

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