Difference: Singapore EQuity fund and STI ETF

Dear Mr. Tan,
What is the different of buying STI EFT and investing in Singapore Equity form NTUC?

REPLY
Both funds are invested mainly in equities.
The difference is in the upfront charges:
NTUC fund 3.5%
STI ETF 0.3%

The annual fee is also different:
NTUC fund - 0.65%
STI ETF 0.3%

You need $3,200 to buy 1,000 shares of STI ETF. You can buy the Singapore Equity fund for $100.