Are there any charges and fees when I invest into BoostMyMoney?
Yes, there are some fees associated with investing in BoostMyMoney:
- Annual Management Fee - up to 0.5% per annum of the Nett Asset Value (NAV) of the fund, calculated and accrued on a daily basis.
- Trustee Fee - Up to 0.04% per annum of the NAV of the Fund, subject to a minimum of RM6,000 per annum, calculated and accrued on a daily basis.
- If your account is dormant for more than one year without any transactions, a RM8 fee will be imposed to the account. Make at least one transaction within the year to maintain the account active. This fee is currently waived until further notice.