SBI Fund Purchase Fees

[adamu]

Update: This issue is resolved - turns out I just misread the PDF and there was nothing to worry about.

Just looking at buying some 三菱ＵＦＪ国際－ｅＭＡＸＩＳ　Ｓｌｉｍ　全世界株式（オール・カントリー） on SBI and noticed that it has a 3.24% (inc tax) purchase fee. Is this competitive with others such as Rakuten? I hadn't noticed this fee before - it seems quite large to me. To quote their example, for a 1M investment, it's 32,400 yen.

https://search.sbisec.co.jp/v2/popwin/i ... 0627_1.pdf

There's also a 3% pre-tax sales fee when you sell it off too.

Compare this to buying a domestic ETF or stock worth 1M yen, which only costs 498 yen.

This seems to be a significant cost involved with choosing funds over stocks that I'd not noticed before.

edit: It seems I misread the PDF, and it's just using the 3.24% as an example calculation, but in most cases the rate is 0%. Phew.

When you actually click through to the purchase screen, under 買付手数料 it says なし。

[RetireJapan]

Phew indeed! Was about to go and check my accounts

[sytyue]

Went to check my account half way after reading the post while freaking at my desk at work. Good thing I decided to read the rest of the post while I was waiting for my page to load!

[adamu]

Haha, good point. I updated the post to include a warning in the first sentence.