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Sunday, February 15, 2015

Mutual Fund Commission fee in TD waterhouse



Mutual Fund Commission fee in TD waterhouse:
 http://www.tdwaterhouse.ca/products-services/investing/td-direct-investing/investment-types/mutual-funds/index.jsp#content4

Each mutual funds has  short-term redemption fee varying from the type of  mutual fund.
In TD waterhouse, there is an extra short-term redemption fee of 1% of redemption value or $45 (whichever is greater) for fund hold less than 30 days.  The day is counted from settle day, not trade day.  It is better to hold funds more than 1 month (for example 1 month and 5 days) from trade day.

Also the minimum purchase amount to trade through TD Direct Investing is $1,000.

When you transfer your  mutual account from TD bank to TD waterhouse, you should be aware of the above policies  difference.