You can find the trading conditions connected to a specific mutual fund by clicking on > Trading rates or Costs.
Ongoing Charges (Total Cost)
The Ongoing Charge represents the total costs you can reasonably expect to pay as an investor from one year to the next, covering all the costs of operating the fund. The cost is embedded into the price and deducted daily, so regardless of when you invest, you are treated equally and you only incur costs equal to the holding period of the investment.
The main component of the ongoing charges is the management fee. This is the costs investors pay for management and administrative services over the fund's fiscal year.
Portfolio transaction costs
You also pay portfolio costs, which are an estimate of the transaction costs incurred when the fund buys and sells the underlying investments. The amount you pay may change depending on how much the fund manager buys and sells.
Retrocession
A portion of the Management Fee is potentially paid to the distributor of the products as Retrocession. Retrocession is the revenue that the distributors generate from selling the product to end clients. This fee is not an additional cost for you, but part of the price you already pay to invest in a product. Read more about retrocession.
You can also read more about costs, pricing, and more related to mutual funds in our terms and conditions for trading mutual funds.
Example
1. Ongoing Charges = 1.55 % (Total Cost)
2. Portfolio transaction costs = 0.0858%
3. Retrocession = 0.625% (part of ongoing charges)