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。
SBI Fund Purchase Fees
SBI Fund Purchase Fees
Last edited by adamu on Tue Sep 03, 2019 4:27 pm, edited 4 times in total.
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Re: SBI Fund Purchase Fees
Phew indeed! Was about to go and check my accounts
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eMaxis Slim Shady
eMaxis Slim Shady
Re: SBI Fund Purchase Fees
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!
Re: SBI Fund Purchase Fees
Haha, good point. I updated the post to include a warning in the first sentence.