---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000958030.md"
description: "Iggy’s Journal: Fund Fees Explained: Why a Small Yearly Percentage Can Take a Big Share of Your Returns Wednesday 28 Oct 2026 | Midday The Numbers A fund can charge an expense ratio of 1.5% a year whether it gains or loses. An illustration from the episode: a S$100,000 fund earns 6% a year before costs. A 1.5% expense ratio leaves 4.5% a year. A fund costing 0.3% leaves 5.7% a year. The comparison runs for 25 years. For CPF money, the CPF Board set the sales charge cap on new CPF Investment Scheme purchases at 0% from 1 October 2020. My Personal Take The expense ratio is the one number in a fund that is printed before anything happens, and it is charged in good years and bad. How far apart do 4.5% and 5.7% a year end up on S$100,000 after 25 years? And what did the 2020 change to CPF Investment Scheme charges leave in place? The episode works through the sums step by step. 📺 YouTube: https://youtu.be/OxSSPTTZAe4 Cheers, Iggy 🦖 Not financial advice. Iggy’s Forensic Compliance Standards apply. Sources: CPF Board: Reduction of CPF Investment Scheme fees deferred to 1 October 2020"
datetime: "2026-10-28T04:26:01.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000958030.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000958030.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000958030.md)
author: "[TheInvestingIguana](https://longbridge.com/en/profiles/22116548.md)"
generator: "portal-rs"
---

# Iggy’s Journal: Fund Fees Explained: Why a Small Y…


---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**