Axa Wealth Invest

[AhPek_Lion]

Looking to invest lump sum 10k into axa wealth invest, fundsmith equity fund.

IFA/AXA agents pm me (include the sales charge of your firm)

 

[ment0smintz]

Interesting.. I am just waiting for reply.. hopefully can make 10K to 15K in 10 years...

 

[moejoseph]

Looking to invest lump sum 10k into axa wealth invest, fundsmith equity fund.

IFA/AXA agents pm me (include the sales charge of your firm)

Depending if it is via Cash/SRS/CPF, sales charge will be different. Which are u looking at?

 

[xtwis7]

Why this particular fund out of so many?

 

[Shiny Things]

And why are you trying to buy it through an insurance wrapper? You can invest in the Fundsmith funds from their website.

 

[AhPek_Lion]

Depending if it is via Cash/SRS/CPF, sales charge will be different. Which are u looking at?

Looking to put cash

 

[AhPek_Lion]

And why are you trying to buy it through an insurance wrapper? You can buy the Fundsmith funds directly, surely.

Not possible cos its an AI fund. Only way for peasants to access it is via ILP route.

 

[AhPek_Lion]

Why this particular fund out of so many?

It's returns are one of the more stable ones with good growth potential. Do u have any good funds to share

 

[moejoseph]

Looking to put cash

For Cash/SRS sales charge will be higher (than CPF). Standard is at 5%, my team can apply at 4%

 

[platee]

Lol subtle advertisement issit??

 

[moejoseph]

For these kind of fund, individuals can also manage by themselves (if they want). The agent is more like a middleman to help bridge the link (since some are AI fund) and do paperwork etc..

 

[AhPek_Lion]

For these kind of fund, individuals can also manage by themselves (if they want). The agent is more like a middleman to help bridge the link (since some are AI fund) and do paperwork etc..

Yea I'm looking to manage on my own so looking for the lowest rate

 

[reddevil0728]

Yea I'm looking to manage on my own so looking for the lowest rate

What’s the name of the fund? Got fact sheet?

 

[moejoseph]

What’s the name of the fund? Got fact sheet?

https://documentscdn.financialexpress.net/Literature/57A6584B42CC44455AEA5E8384FB014D/154144675.pdf

 

[AhPek_Lion]

For Cash/SRS sales charge will be higher (than CPF). Standard is at 5%, my team can apply at 4%

Thank u any tied axa agent will it be cheaper

 

[moejoseph]

Thank u any tied axa agent will it be cheaper

Am a tied agent with AXA direct haha. Am cutting our own comm to give this 4% btw

P.S. This is not against MAS regulations and is allowed for certain investment plan whereby sales charge is involved. We can request for a lower sales charge for our clients and in return, we get a lower commission rate, though it is not much in the first place (2% or less).

 

[Han Shot First]

And why are you trying to buy it through an insurance wrapper? You can invest in the Fundsmith funds from their website.

How can Singapore resident buy and sell Fundsmith funds (without going through an insurance company or agent)?

 

[moejoseph]

How can Singapore resident buy and sell Fundsmith funds (without going through an insurance company or agent)?

One will need to be an accredited investor


https://dollarsandsense.sg/mean-accredited-investor-singapore/

 

[Han Shot First]

One will need to be an accredited investor

So the AI status is required by MAS to trade Fundsmith products. So one needs to obtain the AI status from Fundsmith? And that AI status is only limited to Fundsmith funds?

What is the minimum investment amount for Fundsmith funds for AI? Any idea what is the minimum subsequent investment amount?

 

[moejoseph]

So the AI status is required by MAS to trade Fundsmith products. So one needs to obtain the AI status from Fundsmith? And that AI status is only limited to Fundsmith funds?

What is the minimum investment amount for Fundsmith funds for AI? Any idea what is the minimum subsequent investment amount?

There are certain funds which are AI funds, not just fundsmith. Different fundhouse will have their own min amount, so will have to check with the fundhouses respectively. But usually the amount is quite huge