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There are fees associated with mutual fund investing which you should be aware of. The following are transaction fees that may incur when you purchase Scotia® Mutual Funds through Scotia Securities Inc.
Transaction Fees
There are no transaction fees to buy or switch between Scotia Mutual Funds.
Short-Term Trading Fee
- A short-term trading fee of 2% of the amount you sell or switch may be charged if you sell or switch your units within 31 days of buying them.
- This fee does not apply to cash equivalent funds.
- The fee may be waived.
Withdrawals
Scotia RSP, LIRA or LRSP Accounts
- There is a $50.00 fee for each eligible withdrawal you make from your Scotia registered savings account.
- There is a $50.00 fee for each transfer you make from your Scotia registered savings account to a financial institution that is not a member of the Scotiabank Group of companies.
- All transfers you make to companies within the Scotiabank Group are free.
Scotia RIF, LRIF or LIF Accounts
- All regularly scheduled payments from your Scotia registered income account are free from bank fees.
- One free cash withdrawal per year may be made from your Scotia registered income account.
- Each additional cash withdrawal incurs a $50.00 fee.
- There is a $50.00 fee for each transfer you make from your Scotia registered income account to a financial institution that is not a member of the Scotiabank Group of companies.
- All transfers made to companies within the Scotiabank Group are free.
- There is a $50.00 fee to close your Scotia registered income account.
Non-Registered Accounts
There are no fees associated with making a withdrawal from a non-registered Scotia Securities Inc. account.
Management Expense Ratios (MER)
Scotia Mutual Fund MERs can be found by reviewing their respective profiles.
Convenient ways to invest in Scotia Mutual Funds:
Scotia Securities Inc. is the principal distributor of Scotia Mutual Funds and is a wholly-owned subsidiary of The Bank of Nova Scotia.
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