How to calculate sales charge for Public Mutual Fund (unit trust)?
Amount Paid = RM10,000.00
NAV = RM0.7195
Sales Charge 5% = RM521.33
Total Units = 13,173.97
Sales Charge 5.5%,
= RM10,000.00 – [RM10,000.00 x 100 / 105.5]
= RM10,000.00 – RM521.33
= RM9,478.67 / RM0.7195 per unit
= 13,173.97 units
P/S: Thanks to Mr. Voon Jan Hon (firstname.lastname@example.org) who has explained to me that how the sales charges 5.5% is calculated based on unit trust account statement in my previous post.