Open navigation

Why do I pay a bundle fee?

The bundle fees are charged to cover the ongoing management of each bundle and are charged in the following manner: 

1.Initial Bundle Fee: is a once-off fee payable in advance when you first invest in a particular Bundle for the ongoing management of each Bundle you hold and accrues at the beginning of each calendar year (1 January). Where you invest in a Bundle after 1 January, this fee will be reduced proportionately according to the number of days left in that calendar year.

2.Bundle Renewal Fee: is an annual management fee payable each calendar year on the first day of the year for the ongoing management of each Bundle you hold.

Bundle fees are charged as a percentage of the total Rand value of the investment and will range between 0.15% (15 basis points) and 2.0% (200 basis points) depending on the bundle invested in. 

Did you find it helpful? Yes No

Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.