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An equity fund is a mutual fund where a minimum of 80 per cent of the unit holder’s money is invested in the stock market.

Read more about equity funds

An index fund is an equity fund that tracks the movements of a stock market index, rather than trying to beat it.

Read more about index funds

A fixed-income fund is a fund that invests the money in fixed-income securities such as bonds and commercial papers.

Read more about fixed-income funds

A balanced fund is a combination of a mutual fund and a fixed-income fund. The recommended savings period depends on how large a proportion of equities you have chosen in your balanced fund.

Read more about balanced funds

We have gathered FAQs on the annual costs report for your mutual funds. See FAQs.

In most mutual funds you only need NOK 100 to start a savings scheme. You’ll go far with a fixed monthly savings scheme.

With Share savings account you can buy, sell or exchange shares and equity funds without triggering tax along the way. You only pay tax when you take out profits. Does it cost anything to open a share savings account?

Who is a share savings account suitable for?

A share savings account is suitable for anyone who is a regular saver. Here you can easily bring together all your investments in shares and equity funds.

Why do I need a share savings account?

If you save in equity funds or shares, you’ll get a better overview of the Share savings account. You only pay tax when you take out profits. You can withdraw up to the amount you have deposited in the account at any time, tax free.

You can have a savings scheme in as many funds as you want. By having savings schemes in different funds, you also spread the risk.

You can easily buy mutual funds in the Spare app or by logging into the online bank. Then select the fund you’ve decided on in the list. Choose a lump sum or a fixed savings scheme.

If you want to use the money after a while, you have to sell shares in the mutual fund. You can do this easily in the Spare app or by logging in to the online bank and going to "sell fund".

The best way to save in mutual funds is with monthly purchases. With a savings scheme, you don’t have to think about timing the market. Regular monthly purchases usually give you a good average price.

The simple answer is: because over time it’s more profitable than saving in an account. At the same time, there is also more risk involved. You should therefore save over a longer period of time in the fund, because time reduces risk. In equity funds, we recommend that you save for at least six years.

Money you need again soon should be put in a savings account

When you buy a mutual fund, we withdraw the money from the selected account within one business day. It will then take 1-2 working days for you to see the fund you bought in the overview “My mutual funds”.

If you are selling a fund, the sale is carried out within 1-2 working days. It is the price on the day of the sale that determines exactly how much you are left with.

When you exchange mutual funds, this is carried out within 1-3 working days. It is the price on the day of the sale that determines the value of the shares and thus how many shares you get in the fund you switch to.

Not necessarily – if you choose a global index fund, you’ll have a good spread across most industries and across the world. If, on the other hand, you choose to buy industry funds (for example: health) multiple funds may the right choice, so you are not as exposed to developments within a single industry.

It depends on how large your home mortgage is and what interest rate you have on the home mortgage. You should prioritise paying down the home mortgage rather than saving extra in mutual funds until it is at a "comfortable level". Ideally below 60%, which is the limit for a home equity credit line at most banks, and which allows you to get good interest rates.

If you are going to start a savings scheme, the answer is No. Historically, it’s been proven that the amount of time you are in the market is more important than when you entered the market. The best individual days have historically been in “rough periods” and if you miss these, much of the long-term return is lost.

It depends on what you’re saving for and how you will save.

For example, if you want a million kroner in 25 years, you need to save between NOK 3 000 and NOK 1 500 a month, depending on whether you’re saving in a bank account with a 1% interest rate or a mutual fund with a 6% expected return.

An index fund is also an equity fund, but it may have a slightly lower risk as it often spreads money across even more companies than some equity funds. And the more different companies you own, the lower the risk of all of them doing badly at the same time.

No, but if you save in individual pension savings (IPS), the money is locked up until retirement age. If you buy a mutual fund outside of the IPS, you can sell your mutual funds at any time and have the money back in your account within a few days. What you get out depends on how the mutual funds have done it in the period you have owned them.

That is impossible to answer.

DNB is obliged to provide customers with an annual overview of costs related to trading in mutual funds in the last year. This is for information only and you do not need to do anything. The costs have already been paid through the mutual fund’s price (NAV).

The reason behind the costs report is a new EU legislation (MiFID II) for financial markets for which the purpose is to reinforce customer protection and promote transparency around costs of trading in financial instruments.

DNB follows the Norwegian Fund and Asset Management Association’s industry standard for reporting costs. Some other providers may deviate from this standard.

The costs for all mutual funds you have owned throughout 2022, the figures only apply to the period in which you have owned the fund.

Transaction costs are costs that the mutual fund incurs from buying and selling securities, such as brokerage fees.

What affects transaction costs most is which markets the mutual fund invests in, as well as how active the fund is. For example, DNB Technology will have higher costs than the DNB Global Index, because DNB Technology makes more trades.

Costs in an individual mutual fund that are incurred if the fund performs better than its benchmark index.

Read more about results-based fees

The costs report is shown per mutual fund regardless of the type of mutual fund account (share savings account, individual pension savings (IPS) and mutual fund account).

This cost makes up the largest part of the ongoing costs in the fund. Ongoing costs are specified in the fund’s key investor information document (KIID), while annual management fees are shown in the mutual fund list and in the fund’s monthly report.

See the full price list here