Wealth Management Product Fees & Charges
Bank of China Malaysia act as third-party distributor for wealth management products to collect Fees and Charges imposed by Fund Houses (UTMC)/Bond Dealer/Custodian Bank listed below:
Product & Description |
Fees & Charges (subject to Government tax, if applicable) |
Unit Trust: |
|
Sales Charge |
• This is an upfront sales charges directly incurred by investors upon Unit Trust subscription. • Please refer to maximum Sales Charges allow as stated in the Fund’s Prospectus issued by Unit Trust Management Company. . • Effective from 1 Sept 2025 (or such other date as may be determined by the government), Sales Charge applicable to customers for purchase of unit trust fund is subject to 8% Sales and Services Tax. |
Annual Management Fee |
• The Annual Management Fee is charged to the respective funds, which is not directly incurred by investors. • Please refer to respective Fund’s Prospectus issued by Unit Trust Management Company for detail calculation. |
Trustee Fee |
• As stated in the Fund’s Prospectus issued by Unit Trust Management Company. • The Trustee Fee is charged to the respective funds, which is not directly incurred by investors. |
Service Charge of Foreign Currency Account* |
• Credit from Foreign Currency Account for Unit Trust, namely Subscription = Waived • Debit into Foreign Currency Account for Unit Trust, namely Redemption (in respective currency):
|
Bonds: |
|
Custodian Fee |
• Custodian fee is charge by Custodian Bank appointed by Bond Dealer whom provides custody service on bond paper. • Custodian fee is charge at 0.1% per annum based on bond holding period, accrued on daily basis and due on quarterly basis. • The deduction will be made from upcoming coupon payment, maturity payout and/or settlement amount of Bond Sell order (when applicable). • The formula of the custodian fee is calculated daily as follows: Total nominal value x (0.10/100/12/Number of days in the month). • Effective from 1 Sept 2025 (or such other date as may be determined by the government), custodian fee is subject to 8% Sales and Services Tax. |
Service Charge of Foreign Currency Account* |
• Credit from Foreign Currency Account, namely Bond Buy Order = Waived • Debit into Foreign Currency Account, namely Settlement Amount of Bond Sell order, Coupon payment and Maturity Payout (in respective currency):
|
* "Service Charge of Foreign Currency Account" is charge by Bank of China Malaysia for any debit/credit transaction into/ from the Foreign Currency Account. (Refer to Home Page > Information > Service Rates & Tariffs > Accounts Rate)
