Personally I don't like this product at all.
There is a negative, your performance above a certain level us capped, as in they take above that performance. I read it somewhere on the site a few weeks back. Oh, there it is, pages 3 and 4:
http://www.liberty.co.za/our-products/investment-and-savings/Documents/evolve-brochure.pdf. So with performance above 13% (if a I read it correctly) they retain any growth above that 13% until 40%, if it goes above that you get the returns above that again as well. That's for the first 3 years. After that it doesn't work like that anymore, so you probably take a long term performance hit by losing 3 years of any growth above 13%.
Want cheap Top 40 index fund? Perhaps look at the Sygnia Top40 Index Fund,
http://sygnia.nedoweb.com/collectiv...3/10/Sygnia-Boutique-Fund-and-Fee-Summary.pdf. If you choose the Boutique option of just selecting Sygnia funds (instead of the Emporium where you can select from more funds), you will pay a annual fee of 0.40 (incl VAT) for the fund.
If I read correctly one would need a minimum R50 000 lumpsum to start and monthly minimum contributions are R1000. Someone will need to phone them to make sure if that lumpsum is mandatory.
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