Methods to minimize the service charge

Saving at the upfront means you had successfully make the better first step compared to the others. Adding the compounding interest effect, the investment cost you save will snowball into a big chunk later. Here are five strategies:

1. Construct your own balance portfolio instead of buying Balanced Funds
   
2. Become a unit trust agent (required to pass an exam and maintain your account active with the minimum business brought in every year)
   
3. buy new fund which offer lower service charges during offer period
   
4. lock in the low service charges offer with auto debit standing instruction
   
5. buy funds from the same companies which only charge low switching fees whenever you need to do switching or portfolio rebalancing. If you buy different funds from different fund house, you would have to redeem the unit and purchase again when you are switching from Fund House A to Fund House B.