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Growth Investments Ltd
Frequently Asked Questions
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What supporting documentation is required?

Is there a minimum or maximum investment amount?

Can I top-up my investment, and if so, what is the minimum amount?

How can payment be effected?

What are the charges?

Schedule of Charges
Who do I contact for further information?
 
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Schedule of Charges - Direct Clients


A. Standard Charges.

Fidelity Funds:

 

Equity/Asset
Allocation Funds

Bond Funds

Balanced Funds

Cash Funds

Initial Charge

3.00 %

2.00 %

2.00 %

0.00 %

Redemption Fee

0.00 %

0.00 %

0.00 %

0.00 %

Switching Fee

1.00 %

1.00 %

1.00%

0.00 %

Bank Administration Charges

EUR 10(Lm 4.29)*/ EUR 20(Lm 8.59)*

EUR 10(Lm 4.29)*/ EUR 20(Lm 8.59)*

EUR 10(Lm 4.29)*/ EUR 20(Lm 8.59)*

EUR 10(Lm 4.29)*/ EUR 20(Lm 8.59)*


The initial charges on Fidelity Funds and Fidelity MultiManager SICAV are only available for investments undertaken directly through Growth Investments Limited.

The initial charge and the switching fee are based on the net investment amount.

There are no exit fees due on redemption.

A bank charge per currency of EUR 10 (Lm 4.29)* is levied for all currencies other than USD, JPY, and AUD for which the charge is EUR 20 (Lm 8.59)* per currency. The charge applies to purchases and redemptions but not to switches.

The switching fee is 0% (nil) for switches into cash funds.

When switching between any Fidelity equity fund, bond fund, balanced fund or asset allocation fund, via a cash fund, a maximum switching fee of 1% is charged on re-entry.

Switching from sub-funds in Fidelity Fund to sub-funds in Fidelity MultiManager SICAV, or vice versa, constitutes a normal redemption followed by a purchase. In such cases, a maximum switching fee of 1% is charged.

Where investors have already paid the full initial charge on their shares to be switched, the charge will not exceed 1%.

The minimum holding in any one fund is EUR 1,000 (Lm 429.30)* or foreign currency equivalent.

There is no minimum withdrawal amount for investors in Malta.

Other administration charges levied by Growth Investments Limited are as follows: Stock transfer fee: EUR 20 (Lm 8.59)* per fund; Pledging of holdings: EUR 10 (Lm 4.29)* per pledge per fund. The stock transfer fee and pledge fee are subject to a maximum charge of EUR 120 (Lm 51.52)*

All other charges are described in more detail in the latest copy of the Prospectus.

Amounts shown in Maltese Liri are for information purposes only, converted at the irrevocable rate of EUR 1 = Lm 0.4293

B. Loyalty Scheme Charges:

Fidelity Funds:

Funds under Management 0<10K 10K<25K 25K<50K 50K<100K 100K+
Initial Charge:          

Equity & Asset Allocation Funds

3.00 %

2.50%

2.25%

2.00%

1.75%

Bond & Balanced Funds

2.00%

1.75%

1.50%

1.25%

1.00%

Other Benefits:          

Switching Fee (%)

1.00 %

0.80%

0.60%

0.50%

0.30%

Bank Charge Waiver

n/a

50%

50%

100%

100%

Notes:

• The applicable rate is determined by adding the current valuation of holdings in Fidelity Funds and Fidelity MultiManager SICAV, purchased through Growth Investments Limited, and adding there to the proposed gross investment amount. The rate will be determined according to the band in which this total falls.
• The Scheme only applies to investments in shares purchased directly from Growth Investments Limited. Shares purchased through an intermediary do not form part of the Scheme.
• In the above table, K = EUR 1,000 (Lm 429.30)
• Amounts shown in Maltese Liri are for information purposes only, and are converted at the irrevocable rate of EUR 1 = Lm 0.4293

 

 
 
 
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Fax (+356) 2122 6429
Email growth@msvlife.com
  Growth Investments Ltd
Customer Service Centre
Pjazza Papa Giovanni XXIII,
Floriana, FRN 1420, Malta
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