Selling Agent is a financial services company, whether in the form of a bank, securities company or a certain company to sell mutual funds, including mutual fund’s selling business activities as referred in Peraturan Otoritas Jasa Keuangan Nomor 39 / POJK.04 / 2014 regarding Securities Selling Agent Mutual Funds.
The mutual fund Selling Agent is NOT the party that issuing the mutual fund, but the one who contracts the cooperation with the investment manager to sell the mutual fund product managed by the investment manager.
Subscription fee is a cost which charged to the investor when investors buy the units of mutual fund
Switching fee is a fee which charged to the investor when the investor transfers the units of mutual fund that they have to the other mutual fund.
Stock exchange is a party that organize and provide a medium to bring together selling and buying securities between parties for the purpose of trading securities among those parties.