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How does OCF charge?
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slapPCM
Posts: 104 Forumite
I bought a fund a couple of months ago, but need to change fund now. Let's say the OCF is 0.20%.
How much will I be charged for the fund? I know the platform fee... thanks!
How much will I be charged for the fund? I know the platform fee... thanks!
0
Comments
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You wont be explicitly charged anything. The fund manager's charges are taken directly from the fund and so are reflected in reduced returns than would otherwise be the case. Any published return and price figures take account of the charges.1
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Yup the fund manager will be dipping into the fund on a regular basis taking a small proportion of the annual charge so the OCF is for information only and causes the unit prices to grow slower than without charges. You will not see any transactions or need to maintain a cash balance on your platform account for fund manager charges.1
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