Anyone has the detailed agent bank service and transaction fees breakdown charged per calendar year for CPF-OA investment? For DBS or OCBC. Assuming only 1 fund invested through Endowus.
Someone asked before b it ocbc posb or uob, so long by cpfis, same charges by these major banks
It depends on what u r buying instead
Some uses it to buy stocks
If funds ref to:
https://www.uob.com.sg/web-resource...cial/cpf-investment-account/CPFIS-charges.pdfOct 2020, Removal of CPF Investment Scheme Sales Charges alrdy…. In the past we need to pay such exorbitant expenses to banks or brokers
Since u brought this up-
Less is alwys more:
When Endowus first offered its CPF investment offering in October 2019, Endowus was already compliant to the new structure, by not imposing a sales charge and charging a low 0.4% p.a. wrap.
Endowus also enables access to better performing funds into the CPFIS investable universe. The Infinity US 500 fund and the Infinity Global Stock Index Fund are exclusive to Endowus.
(Less is more alwys rem)
https://endowus.com/insights/content/images/2020/10/CPFIS-most-diversified-funds-comparison-1.PNG
As seen from the above table, the Endowus exclusive funds are more diversified, through greater number of underlying holdings and lower concentration in the top 5 holdings. Over a long investment horizon, greater diversification can bring in higher returns and lower volatility.
Endowus lowers CPF investment costs with trailer fee rebates
Fund management activities are not innately expensive; it is the cost invovled with the distribution of funds that are expensive. The total expense ratio of retail share class of CPFIS products have an in-built trailer fee. These fees are deducted from the investors’ fund assets to pay the distributors (fund platform, financial advisors and banks). By rebating trailer fees and only charging a wrap fee of 0.4% p.a., investing in Endowus is even lower than DIY investing platforms.
