you only can transfer money in and not see how much is inside?

All my funds are auto-reinvest and get taxed every year. Public mutual send me the tax voucher every year as well

---

Added on March 24, 2010, 11:05 pmI moved to fsm.sg, most of the funds there does not pay dividend, furthermore dividend is tax free in sg.

This post has been edited by gark: Mar 24 2010, 11:05 PM

What you meant by see how much is inside?

[quote=gark,Mar 24 2010, 11:03 PM]
All my funds are auto-reinvest and get taxed every year. Public mutual send me the tax voucher every year as well

it is normal..


if you work in malaysia,
then u can claim some "tax adjustment" as well.

play it well...
you might not get tax at all or minimum tax when you declared your Income Tax every year!

My income tax bracket is already max, so i do not get any more tax adjustment.....

This post has been edited by gark: Mar 25 2010, 08:35 AM

I thought one way to avoid tax is to reinvest the dividen? how come you get taxed?

The reinvest amount is after tax if I'm not mistaken.

imax80,

Don't get conned by your consultant. ALL distributions from unit trust funds are taxed at the source. It means that the distributions will be taxed whether it reaches your hand or not.

Yep, Jordy's right, Reinvestment = Dividend - Tax.

i found out that ETF (Exchange Traded Fund) which is traded directly in KLSE is very much similar with UT in term of risk and return. Some more the fees involved is much lower and can trading online via M2U.

I also read somwhere that if ETF expanded in KLSE it might beat UT industry.
appreciate comment from expert here?

1. ETF is very cost effective - plus point
2. ETF offering in Malaysia small choice - minus point
3. ETF volume is thinly traded - minus point
4. ETF mostly tracks the benchmark, won't do better or worse - Neutral point
5. ETF is passive investment not active - plus or minus depend on your standing

Overall ETF in malaysia is minus point. If you want to play ETF you must venture out of Malaysia stock market.

This post has been edited by gark: Mar 26 2010, 07:52 PM

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I wish in M'sia there are more low load index fund/ETFs.

My wish is to have low load index fund or ETF for the different indices.

Xuzen

Damn, my UT dropped again. Maybe it is the right time to sell. Thanks david for the info.

OOT: You seems to be watching a lot of drama series. How on earth you have so much time?Btw, for anime try watching one piece

The price of UT has been swinging in between the current NAV for few weeks since the Greece debt problem. Seems like it won't go up that much.

OT: Those are my collection for years. I also got One Piece but didn't update my siggy.

This post has been edited by David83: Mar 28 2010, 03:25 AM

I wan to invest in U.T, below are my calculation for total units,service charge,dividen and total investment after distribution. The figure use is for example calculation only.


Fund A
Price per unit = RM0.2500
service charge = 5.5%
Total Investment = RM5,000

Total Units = RM0.2500 X 5.5% = RM0.0138
RM0.0138 + RM0.2500 = RM0.2638
RM5000/RM0.2638 = 18,953.75 units


Total Service Charge = RM0.2500 X 18,953.75 = RM4738.44
RM5000 - RMRM4738.44 = RM261.56


Let say on distribution day
NAV = RM0.30
Dividen = RM0.05 per unit
18,953.75 units X RM0.05 = RM947.69
Total investment = RM4738.44 + RM947.69 = RM5,686.13


Let say after distribution day
NAV = RM0.25
Reinvest dividen = RM947.69 / RM0.25 = 3790.76 units

so,
total new total units = 3790.76 + 18,953.75 = 22,744.51 units
total investment after distribution = 22,744.51 X RM0.25 = RM5,686.13



is my calculation above correct? appreciate any comments

Best Regards

Almost correct.

The calculation used in PM....

5.5% s.c., rm5000 cap, unit price 25sen

Amt after s.c = 5000/1.055 = 4,739.34

s.c paid = 260.66

amt of units = 4,739.34/0.25 =18,957.36 units

avg cost price per unit = 0.2637/unit

--- Dividend is paid to you without you needed to top up your capital.

therefore, the dividend given should not be counted into your total investment. So, your total investment remains at rm5000

0.05sen dividen x 18957.36 units = RM947.87 (gross dividend before tax)

Reinvest at 0.25 = 947.87/0.25 = 3,791.48 units

total units = 18957.36 + 3,791.48 =22,748.84 units

avg cost price per unit after distr reinvestment = 5000/22,748.84 = 0.2198/units


Something extra:
Capital gain before distr = (0.30 - 0.2637)/0.30 x 100 = 12.1%
Capital gain after distr= (0.25 - 0.2198)/0.25 x 100 = 12.8%

not much difference, & do bear in mind that the distribution is calculated as gross distribution before tax

Sad. I wonder how on earth the economy situation in Greece has to do with our economy. It's not like that it is a big country either. Economy recovery in other countries (singapore, US, Japan etc) should be more than enough to negate the impact. Economy looks more and more like rocket science~

+1 for the above calculations. One question though, what's the difference between using the avg cost price per unit to calculate capital gain and converting the unit into RM (minus our initial RM investment) to calculate the profit?

any one can comment on tis particular ut PB CHINA PACIFIC EQUITY FUND?

kinda a disappointed !

invested for 3 years still losing

now @ rm0.17 only.

my 1st UT investment but making me phobia 2 go 4 other liao.

3 years eh? You invested at the top of the market in 2007, what can you expect? That is why you need to diversify your holdings over sectors and time period Be patience because if you cash out now you will make a loss, give it a year or two, and hopefully it will be back at where you started.

This fund is concentrated with 76% in china holdings, so far it has slightly lagged the index, but not too bad. Looking at the holdings this is a very high risk fund. Anyway china has not been doing quite well for the last 6 months, due to bank policy tightening but there is potential if you are patience enough.

I also play a pure china fund, but only with 5% of my holdings. So far it's doing ok.

Don't be discouraged, take the potential loss as a tuition fee for your investment knowledge.

This post has been edited by gark: Mar 28 2010, 05:16 PM