Fund-Level fees are imposed by our fund manager partners and can encompass various costs such as audit fees, trustee fees, and management fees.
These fees have already been taken into account and are reflected in the Net Asset Value (NAV), or the unit price, of the fund.
For example, if you invest RM100 in any of Versa's Invest funds, the RM100 already includes the Fund-Level fees.
It's important to note that these Fund-Level fees only apply to our Versa Invest Portfolio at this time.
Versa Invest's fund structure consists of multiple fund managers managed by AHAM Asset Management. The structure would allow you to purchase multiple premium global funds with a single investment. The fund level fees are the fees paid to individual fund managers.
The fees charged include;
Annual Management charged by AHAM Asset Management: 1% per annum
Fund-level Fees charged by fund managers within the fund: 0.6% - 0.8% per annum
Trustee fee: 0.04% - 0.08% per annum
We do not have any sales or redemption fees.
To understand more about Versa Invest. Please refer to this article:
https://versa.com.my/investment-to-grow-wealth//