RetireJapan

Hi, could someone please explain the fees involved when buying low cost index funds / mutual funds and stocks through SBI.

Application fee up to 4%,( 4.32% including tax) ?
And then an annualised trust fee of maximum of 3.1%?
And each mutual fund has it's own fee?

Are there any other ongoing fees associated with holding these funds through SBI?

Also when buying US stocks it says 0.45% of contract price and minimum fee 5 dollars and maximum fee of 20 dollars? What is the min/max fee based on?

Thanks.

Hi Kitkat, welcome to the forums.

That's a lot of question marks.

Kitkat wrote: ↑Thu Dec 06, 2018 11:28 pm Application fee up to 4%,( 4.32% including tax) ?

I don't know what application fee this is talking about. iDeCo? Could you link to the original Japanese information?

Kitkat wrote: ↑Thu Dec 06, 2018 11:28 pm And then an annualised trust fee of maximum of 3.1%?

Same for this, maybe depends on the fund? Easier to understand if you provide the original info.

Kitkat wrote: ↑Thu Dec 06, 2018 11:28 pm And each mutual fund has it's own fee?

Yes, usually listed in the prospectus. But it's deducted from the funds assets, so you don't pay it yourself directly, rather it lowers the value of the investment.

Kitkat wrote: ↑Thu Dec 06, 2018 11:28 pm Are there any other ongoing fees associated with holding these funds through SBI?

No, I don't think so (except maybe iDeCo has a platform fee? I don't use iDeCo so don't know. Don't think it's fund specific though).

Kitkat wrote: ↑Thu Dec 06, 2018 11:28 pm Also when buying US stocks it says 0.45% of contract price and minimum fee 5 dollars and maximum fee of 20 dollars? What is the min/max fee based on?

Assuming your figures are correct, it's based on the purchase price. The fee is 0.45% of the purchase price. If the fee works out less than $5, the fee is set to %5. If it works out more than $20, it's set to $20. Plus 8% consumption tax. Exception: There are no fees for buying US ETFs in a NISA (but you're better to buy Japanese mutual funds to avoid US withholding tax, which is charged on US funds even in a NISA).

Thanks for the help.

That's a lot of question marks.

Need that printed on a T-shirt, got a lot more questions than answers at the moment

Trying to figure out all the costs and fees asscociated with buying stocks and mutual funds through SBI or any other Japanese Brokerage for IDECO and NISA.

From the Fees section on the SBI website, and a little help from Google translate.

Mutual fund
Equity investment trust etc.

Application fee (up to 4.0% (4.32% tax inclusive) against the base price)
Trust fee (maximum annual rate 3.1% (3.348% tax included) against total net asset value)
Retained amount of trust property (up to 0.6% against the base price at the time of purchase, up to 3.5% against the base price at the time of cash) (tax exempt)
For other details please check the prospectus of each product.
The fee of the mutual fund (fund) varies depending on the fund.

MMF denominated in foreign currency

free
Our exchange rate spreadIt opens in a new window. is required for foreign exchange transactions .
MMF · Medium-term government bond fund

free

https://www.sbisec.co.jp/ETGate/?_Contr ... &getFlg=on

Kitkat wrote: ↑Mon Dec 10, 2018 10:49 pm
From the Fees section on the SBI website, and a little help from Google translate.

Mutual fund
Equity investment trust etc.

Application fee (up to 4.0% (4.32% tax inclusive) against the base price)
Trust fee (maximum annual rate 3.1% (3.348% tax included) against total net asset value)
Retained amount of trust property (up to 0.6% against the base price at the time of purchase, up to 3.5% against the base price at the time of cash) (tax exempt)
For other details please check the prospectus of each product.
The fee of the mutual fund (fund) varies depending on the fund.

MMF denominated in foreign currency

free
Our exchange rate spreadIt opens in a new window. is required for foreign exchange transactions .
MMF · Medium-term government bond fund

free

https://www.sbisec.co.jp/ETGate/?_Contr ... &getFlg=on

That seems to be the general max fees for the site. To understand what you'd actually pay you need to look at the individual funds. Start with 'no load' funds, which don't charge purchase or sell fees.