facebookRecommendations for best platform to purchase mutual funds? I am more familiar with analysing funds (part of my job scope). Also know how costs erode the returns which is why the platform to buy from plays a part too? - Seedly

Anonymous

10 May 2020

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General Investing

Recommendations for best platform to purchase mutual funds? I am more familiar with analysing funds (part of my job scope). Also know how costs erode the returns which is why the platform to buy from plays a part too?

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As to "eroding costs" mutual funds (unit trusts) surely are to avoid.

better stay with passive indexing ETFs.

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Apart from those that listed by Gabriel, there is also dollarDEX which is said to be of $0 Sale Charges, Switching Fees And Platform Fees. However, they do earn a portion of the annual management fee which is already embedded to the cost of the unit trust / fund. You can read more on https://www.dollardex.com/SG/index.cfm?current=...

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I personally prefer FSM as i find their rates very competitive.

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Their improved web interface makes the user experience better and they are rather upfront on their cost.

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Besides, they carry quite a wide range of funds, although they are more Asian-focused I feel.

Brandan Chen

02 Aug 2018

Financial Planner at Manulife Singapore

Fund supermart is a good place to consider. As Warren buffett recommends. You might want to try an o...

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