Stock trade

- Ha full kontroll over dine investeringer

What is a security?

A security is a proof of ownership, and includes shares, currency, derivatives, options, bonds and warrants.

A share is a fraction of a company, and the company is owned by its shareholders. When you purchase shares, you become part-owner of the company you invest in.

A derivative is a financial instrument that derives its value from an underlaying entity. An example of a derivative is an option on a share in which the value of the option is tied to the value of the share.

An option gives you the right and opportunity, if wanted, to buy or sell something at a set price or at a scheduled time. You can read about option trading here.

A bond is an instrument of indebtedness under which the issuer is obliged to pay the holder a specified interest (the coupon) over a given period of time.

You can read about warrants here.

Handle verdipapirer

Mutual funds trade

- Enkel, trygg og tilgjengelig sparing

What is a fund?

An investment fund is a collective investment scheme that pools money from multiple investors and invests in several securities in the market. It is a separate legal entity, owned by the shareholders and operated by a holding company with a license from the governemt.

Why you should invest in a fund with Netfonds?

It's simple!
Funds are operated by a professional fund manager who carefully choose what securities to invest in.

It's safe!
Consumer protection in the investment market is regulated by governmental imposed laws and control.

It's easily accessible!
Everyone is eligible to invest. As a shareholder you may cash in your shares whenever you choose; the sales rate will always match the market price at the moment of sale.

The funds market may seem complex and difficult to navigate. With Netfonds, you can easily compare and quickly find the mutual funds that match your objectives.

Start investing in funds

Different types of investment funds

Stock funds
A stock fund invest at least 80 percent of the fund capital in the stock market

Money market funds
Invest in money market instruments, which are securities with a short term binding contract of interest rate (less than one year)

Bond funds
Invest in bonds with more than one year fixed interest.

Combination funds
Invest in both the stock marked and bond market.

Other mutual funds
Includes funds that invest in derivatives and use credit. The risk level in these funds could be high.

Index funds - Passive Management
Index funds follow share indexes. The idea behind this approach is that in the long run, few people are able to perform better than the general market, and the chances to perform well enough to cover the additional costs of finding the winning shares are low. Index funds passively invest your capital, therefore you eliminate the risk of poor analytical decisions as well as the need for expensive financial analysis. Index funds only trade shares when the constituents of indexes change, and the cost of brokerage is usually relatively low. Furthermore, low transactional and managerial fees makes index funds highly attractive.

Exchange traded funds (EFT) - stock exchange listed funds
These funds can be traded as typical shares throughout the stock exchange trading hours. Most listed inder funds represent a portfolio of shares that correspond to a specific sector index, international index funds or broader index funds. The fee structure for purchasing exchange traded funds are the same as for purchasing stocks.

Foreign funds
You may trade foreign funds through Netfonds. Many foreign fund managers have their funds registered at the national financial department, and these can be bought the same way as funds managed by Norwegian fund managers

Choosing the right fund

There are several factors you might want to consider when choosing a fund:

For how long are you able to keep your capital invested in a fund?
You can take a higher risk the longer you can keep your money invested in a fund.

Can you withstand fluctuations in value?
You can take higher risk the more comfortable you are with fluctuations in value.

Which fund managers have performed well in the past?
It is safer to invest in funds by fund managers who have proven to perform well in the past.


Risks in fund trade
In the funds market, the value of your investment can fall as well as rise, so there will always be a risk of getting back less than you invested. Investment risk is presented by a number used as an indication of the relationship between a fund and the corresponding marked index. Most frequent is the use of «standard deviation»; a high standard deviation means a high risk.

Goes both ways
With high risk, you will have a high potential return on investment. At the same time, you will have a possibility of high loss.

Chances of losing everything?
As there will always be a risk of loosing money when investing in funds, theoretically there will also be a risk of loosing all of the money you invest. However this is highly unlikely. In order for this to happen, all shares owned by the fund must loose all of its value. Laws and regulations on fund trade impose funds to responsible spread capital investment across stocks, to better ensure consumer protection.

Fees and provision

Netfonds is not a beneficiary of trade fees
Netfonds does not charge you for buying or selling shares of funds.

Fees applicable to specific funds
Most funds charge an annual management fee, and some funds charge additional fees upon purchase and sale. Whilst there are both cheap and expensive funds, the fees and costs may determine the actual value of the funds you purchase. We urge you to take all costs and fees applicable to a purchase into account when evaluating the total value of any potential investment. Netfonds posts details about fees connected to all mutual funds available to you.

Management fee
The management fee is calculated daily by using a percentage part (1/365th of the funds yearly management fee) of the amount managed by the fund each day. The management fee is stated as a monetary value that is entered in the funds' accounts as a guarantors of management fees. The management company subtracts this management fee before calculating the net fund share value. The amount of shares you buy remain unchanged, it is the value of the shares that are adjusted for the management fee.

Fund trade with a Netfonds account

Where can I see my fund portfolio?
You can find your holding portfolio on the account overview page once you have logged in.

How do I trade funds through Netfonds?
When you have decided which fund you wish to purchase/sell, simply click the applicable fund to get directed to the order placement form. Fill out the amount you wish to invest, or the number of shares you would like to sell.

How do i cash in my shares?
When you wish to cash in your shares, the applicable fund manager will match the market value of your shares the moment your sales order is received (given that the order was received within a potentially given deadline). The settlement of the sold shares is usually paid to your Netfonds-account within two working days after the order is initiated.

How will I know that my order has been received?
You receive a sales note from Netfonds to confirm every order you complete.

Concerning funds obtained prior to November 1st 2009
Early on, funds where registered in your private VPS-account. If you hold funds purchased through Netfonds prior to November 1st 2009, or you somehow transferred fund shares to your VPS-account, these holdings will be shown separately at the holdings site. When selling early holdings, the settlement will be transferred directly from the fund manager's account to your bank account (not to your Netonds account). A note of change is sent to you by the fund manager, usually per mail. Mailing hours are not fixed, however, the customer usually receive the note of change approximately one week after the transaction is initiated.

Invester i fond

Stock savings account

- Fleksibel konto med gunstige skatteregler og rapportering

Transitional scheme
In order to transfer your existing share and fund portfolio into your Netfonds account, without triggering tax on profits, a transitional scheme was approved by the national financial department in 2017. It was only approved temporarily, and is suggested to apply for 2018.

Collect all your funds and shares in your Netfonds portfolio
You may transfer all of your shares and funds to your Netfonds portfolio without triggering tax on profits.

Shares and mutual funds
The scheme applies only to shares and mutual funds. Funds are required have a shareholding of minimum 80% to be included in the scheme. This means that combination funds, bonds, interest funds and similar fixed income securities are to be excluded. Only listed shares, ETFs and funds registered in the EEA will be transferable to the account.

Tax deferral
Positive returns from share and bond investments in an ASK account will not be taxed before the revenue is withdrawn from the account. Revenues and losses will be balanced, so that the tax will only be based on the net revenue associated with the account. Deposits placed on the account can be withdrawn (except a standard deduction associated with the account movements) without being taxed. Once the total deposit and basis of deduction associated have been withdrawn, any further withdrawals will be subject to taxation. You will be given a tax associated deduction on the deposited amount. This tax associated deduction will be set as the lowest deposit in the account over the fiscal year, plus unused deduction from previous years. This means that few and large deposits are more favorable from a taxation point of view, versus many smaller ones. Revenue from shares and bonds on the account will be taxed annually. It is possible to have cash deposited. Authorities have decided that you cannot have any interest on deposits. ASK accounts being transferred between providers need to be transferred in their entirety. Exchanging parts of the accounts inventory is not permitted.

You can find our price list applicable to share savings accounts here.

Tax reporting
Netfonds will perform tax reporting applicable to your share savings account on your behalf.

Borrowing and credit
You may borrow credit with your share savings account as security.

Can I create a share savings account?
As a private person you may create a share savings account with us.
Note that companies may not create a share savings account

Open an account

Individual pension savings

- En ny løsning for pensjonssparing som gir deg skattefordeler

Det forventes at IPS vil lanseres i løpet av 2019.

We are currently working on the launch of our new individual pension saving solutions. Unfortunately it seems that you may have to wait until autumn 2018 to start saving with us.

Note that it will be possible to transfer your IPS balance from another provider if you already wish to start saving. The customer has a right to change provider free of charge. Netfonds will soon offer pension savings accounts with the possibility to compose your own shareholder portfolio or invest in one of our active management funds (NetfondsXtra).

Asset management

NetfondsXtra - porteføljer forvaltet av Roger Berntsen


It is our pleasure to offer NetfondsXtra - because it enables us to forecast long term-trends, and short-term fluctuation and recession. Our investment decisions are complex and time-consuming. When we apply great changes to our portfolios, it is well thought through and considered over time, which means it does not happen often. All our decisions are based on our understanding of fundamental value analysis, company leadership, and long-term trends (megatrend). We see this as our second most important asset; our greatest asset is our ability and stive to keep management fees extremely low. Low costs and fees is, and will always be, the most important asset of our business.


Netfonds offers three different portfolios by active management, suited for longterm investors:

NetfondsXtra Norge Bred

NetfondsXtra Norge Spisset

NetfondsXtra Skandinavia Spisset

The structure
Your portfolio is not structured as an ordinary fund, but rather as an active management product. This is to optimize cost saving, flexibility and transparency in our way of trade.

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Capital insurance

- Sparekonto med et lite element av forsikring

Netfonds Capital insurance account comes with a small element of life insurance: 101% of savings are paid to the dependents in case of death. Capital insurance does not cover your insurance needs however, it is a way of saving.

Netfonds Livsforsikring AS
Capital insurance account is offered by Netfonds Livsforsikring AS.

Delayed taxation of positive return
Taxation of positive return is postponed until you withdraw money from your account.

Netfonds manage all the equations and keeps your accounting on your behalf.

Each individual account owner manage their own capital, and holds the risk of own investment.

Shares and funds
Netfonds capital insurance account may be used to hold and trade shares and funds.

Netfonds capital insurance account does not offer shot-sale.

See our PDF on risk associated with trade of financial instruments.

No binding contract
You are not bound to your capital insurance account by contract, nor by withdrawal restriction.

Withholding tax
There are a few foreign companies that may automatically withdraw withholding tax on dividend.
The withholding tax will not be refunded automatically, however it may be possible to demand tax deduction (RF-1147).
Contact the Norwegian Tax Administration for questions regarding withholding tax and tax deduction.

Closing account and withdrawal
If you liquidate your account or make a withdrawal, a current tax rate will be added to your positive return on capital. If your capital has a negative return, a tax deduction will be granted. Taxes are calculated for every withdrawal from your account, relative to deposit and portfolio value.
You can find an overview of estimated tax rates here.
Netfonds will provide you with an estimate, however it is the customers responsibility to pay the actual withdrawal tax.
The capital in your account is taxed in accordance to wealth tax (without valuation discount), tax deduction is discharged. Netfonds Livsforsikring AS holds the formal ownership of the capital held in its customer accounts, however the rights to the value of capital remains with the customer.


No subscription fee

Yearly administrative fee of 0,1% of the amount of saving (10 NOK per 10 000 NOK)

Risk-reward of approximately 0,0036%* of the amount of saving (0,36NOK per 10 000 NOK) applies yearly. This secures 1% of extra payout in case of death. (*The risk-reward may vary based on age and gender).

Commission is charged for stock trade. See our price list.

Fees are withdrawn from capital you hold in your savings account.

You may compare our fees to other companies fees at

Management costs apply when you trade funds. It is charged in addition to the price of the fund and is withdrawn from the funds' capital. Fees may vary, so we urge you to investigate the management fees for every fund.

When choosing the right pension provider, it is important to compare the administrative fees to hold an account with the different providers. In the long run, administrative cost has notable effect; you are likely to expect lower returns whenever there is high administrative costs. Netfonds Livsforsikring offers a capital insurance account with low administrative fees, as the account is based on automated and self-service solutions.

Open an account