You don't pay any fees to Versa. However, there are 0.30% per annum management fees and 0.05% per annum trustee fees.
These fees are paid to the fund manager, AHAM Asset Management (formerly known as Affin Hwang Asset Management) and they will be deducted from the fund return as shown below:
- Projected return per annum (before deduction): 2.85%
- Management fee per annum: 0.30%
- Trustee fee per annum: 0.05%
Net returns received per annum: 2.85% - 0.30% - 0.05% = 2.5%
*Net returns here may fluctuate based on the fund performance. Currently, projected net return is 2.75%