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Monday, May 7, 2007

Money market fund of NTUC Income

There were some questions about the charges under the Money Market fund offered by NTUC Income.

When I put in my money previously, I was able to enjoy the following:

* no upfront charge
* annual fee of 0.25%
* there may be an annual fee, but it is quite modest
* the expense ratio is extremely low, as the fund is not actively traded

I was able to earn more than 3% per annum, at very low risk. Although the interest in the money market dropped recently, the fund was able to keep an attractive return (above 3%), at least for the time being.

It is best for you to call the business center and ask them for the current terms.

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