For the Fixed Price Funds, the Bank will charge RM 1 of Bank Service Fee plus 8% Sales and Service Tax (SST) calculated on top of that RM 1 Service Fee for every transaction, regardless of the investment amount. These charges will be deducted from your RHB Current/Savings Account. This fee is not-refundable and is applicable to rejected transactions too. Sample calculation on the charges for ASNB Fixed Price Funds are as below:-
Investment value: = RM50,000.00
Service Charge: = RM1.00
SST Amount: = RM1.00 x 8% = RM0.08
Total Payable Amount: = RM50,000.00 + RM1.00 + RM0.08 = RM50,001.08
For Variable Price Funds, there are no service fee imposed for the transaction. However, sales charge is applicable to ASNB Variable Price Funds and it will be deducted from your investment amount.
Example:
You make a top up of RM 100 to an equity Variable Price Fund which has a Sales Charge of 2%. RM 100 will be debited from your bank account, but your net investment amount will be RM 98 after deducting RM 2 of Sales Charge.
Find out more about Sales Charge via
Amanah Saham Nasional Berhad (ASNB) - Prospectus, Product Highlights Page, Funds.