Fundsupermart Malaysia

If you have been reading my posts about mutual fund, you must have known about Fundsupermart Malaysia. You also know that I highly recommend it. What is so great about this platform?

If you have not read any of my articles regarding mutual fund, I shall let you know what is Fundsupermart now. It is basically a platform for purchasing mutual funds. It offers more than 230 unit trusts from 20 over fund houses; extensive research analyses on funds and global markets and portfolios; and fund analysis tools on the website and mobile applications.

Pros of Fundsupermart Malaysia

Nothing impressive so far, you will say. I agree too. What makes it special is its low sales charge. Compared to the sales charges asked by the fund houses themselves, this platform charges a maximum of 1.75% only. Let me put this into perspective. Let’s take CIMB Islamic Small Cap Fund as an example. From its official website (Link), the sales charge (or application fee in its own term) is 6.5%. But in Fundsupermart, the charge is just 1.75% (Link).

If this is not enough to convince you, let’s take another example. The chosen one this time is RHB Big Cap China Enterprise Fund. From its January 2018 fund fact sheet from RHB, the sales charge is 5.5%. Contrast this with again, 1.75% in Fundsupermart (Link).

The sales charge is even lower for bond funds. It is 0%. Wow! Too good to be true, don’t you think so? Though the sales charge is waived, we will have to pay a platform fee of 0.05% per quarter. It translates to 0.2% per year. Let’s use Affin Hwang Bond Fund as an example. On its website, the sales charge is 1% (Link). CIMB’s sales charge is even higher, at 2%. But keep in mind that the platform fee is deducted based on the account holdings on a quarterly basis. Thus, it is not a one-off charge but recurrent. If you purchase the fund through EPF, platform fee is not applicable. So, is Fundsupermart better? I can’t really give you the answer. But I am using this platform for my bond fund too.

Besides that, the more that you invest, the more discount you will get for the sales charge. Below is the illustration:

Cons of Fundsupermart Malaysia

Now we shall move on to its drawback. The only disadvantage is Fundsupermart does not offer every fund in Malaysia. Even from the fund houses that are present on the platform, not every of their funds is available. One prominent fund house, Public Mutual, is not present. Nonetheless, I think that the fund range is pretty wide already. We can always find a fund that suits us, at least for me.

Extra benefit

By the way, Fundsupermart has a referral programme. If you refer someone successfully, you can get a token to reduce the already low sales charge.  For every successful referral, you will receive a 1% sales charge token. However, this charge cannot be totally waived (except bond and money market funds which at 0%). The sales charge can only be reduced to as low as 0.5%. Nonetheless, you must go to their website to refer your friends through email in order to enrol in this programme (Link).

What do you think of this platform now? If you are interested, you can visit them now by clicking here and open an account (Link).

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