Fund Fee
Comparison

TER is the fund's total annual cost expressed as a percentage of your invested capital. It includes management fees, administration costs, and other ongoing expenses. A fund with 1.5% TER costs 1,500 kr per year for every 100,000 kr invested.

The fee is deducted automatically from the fund's value – you won't see a separate charge, but it reduces your return every year.

A lot. A 1 percentage point difference in fees can cost hundreds of thousands of kronor over 20–30 years due to compounding. The fee doesn't just reduce this year's return – it reduces the base that grows next year, and the year after that.

For example: 5,000 kr/month for 30 years at 7% return gives about 1 Mkr more with a 0.2% fee compared to 1.2% fee.

Fee is the single most reliable predictor of future performance. Research consistently shows that low-cost index funds outperform most actively managed funds over long periods.

That said, specialised funds (emerging markets, small caps) naturally have higher costs. Compare within the same category, not across different investment strategies.

Index funds (passive) aim to replicate a market index like OMXS30 or the global MSCI World. They buy and hold every stock in the index in proportion, with minimal trading. Because there is no research team making decisions, costs are very low, typically 0.05%–0.30%.

Actively managed funds have a team of analysts who pick stocks trying to beat the index. This expertise costs money, so fees run 0.8%–2.0% or more. After fees, roughly 80–90% of active funds underperform a comparable index fund over a 10-year period. The ones that do beat it are hard to identify in advance and rarely repeat their outperformance.

For most Swedish savers, a global low-cost index fund covering MSCI World or a broad equity index covers the core of a long-term portfolio efficiently. Use the calculator above to compare your current fund against a low-cost alternative.

Swedish savers typically encounter these fund types:

Globalfond (global equity) – the most common choice for long-term saving. Tracks a broad world index. Typical fee: 0.05%–0.30% for index versions, 1.0%–1.8% for active versions.

Sverigefond (Sweden equity) – focused on Swedish companies. Typical fee: 0.10%–0.50% index, 1.0%–1.5% active.

Räntefond (bond fund) – lower expected return, lower volatility. Used to reduce risk as retirement approaches. Typical fee: 0.10%–0.60%.

Blandfond (mixed fund) – combines equities and bonds. Watch for high fees, as the bond portion lowers the gross return, making fee drag proportionally larger.

Hållbarhetsfond (ESG/sustainability) – screens for environmental, social, and governance criteria. Many low-cost ESG index options now exist alongside expensive active ESG funds.

Premiepension is the 2.5% of your pensionable income that you invest yourself via fund choices through Pensionsmyndigheten. It is part of your allmän pension and grows until you start drawing it.

Because the state negotiates volume discounts, many funds in the PPM system have lower fees than their retail equivalents. A fund that costs 1.0% at a regular broker may cost 0.4% inside PPM. If you have not made an active choice, your money sits in AP7 Såfa, the default fund managed by Sjunde AP-fonden. It has low fees and has historically performed well.

For most Swedish savers the choice is between an ISK (investeringssparkontos) at a broker, a KF (kapitalförsäkring), or a pension account. The wrapper determines how gains are taxed, which matters as much as the fund fee itself.

ISK is the most common choice for general savings: a schablonskatt applies to the whole account value each year, and gains are not taxed on withdrawal. Low-fee brokers popular in Sweden include Avanza and Nordnet, both offering a wide selection of index funds. Some brokers also offer proprietary index funds at very low fees (0.00%–0.10%) not available elsewhere. The ISK vs pension comparison and compound interest calculator help model the after-tax outcome for each wrapper.