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I'm one of the public mutual agent since 2008 but I'm not active in it and my FMUTM license had expired since 2009. May I ask can I renew my license since it had inactive for a long period.

PUBLIC GLOBAL SELECT FUND (PGSF)
Promotion Period : 21 March 2011 to 18 April 2011


Special Service Charges during Promotion Period

Enjoy special service charges for investments into PGSF during the promotion period.

Investment amount per transaction / Promotion | Special Service Charge
RM5,000 to RM9,999 per transaction | 5.25%*
RM10,000 and above per transaction | 5.00%*
Direct Debit Instruction (DDI) submitted during Promotion Period | 5.25%**

URL: http://www.publicmutual.com.my/page.aspx?n...rls_110321_0830

I know nothing about this Mutual Fund. but, I have signed up PSDF RM 5,000

1. Is the 5.5% charges , one time charge or per annum ?
2. How can I monitor its price ? How can I pump in $$ to this fund when I wanted via ONLINE ?

thanks

This post has been edited by wsSNRinit: Mar 24 2011, 12:38 AM

1) The 5.5% charge is based on the amount you put in the fund only. There is no other service charge.

2) You can monitor the price here.

Just to add,
There is 1.5% management fee, which is deducted out from the fund NAV/price.

True, but it is already deducted from the NAV price.

For tracking, one has to simply compare it to the original NAV price (minus 5.5% charge) and the current NAV price. No further 1.5% deduction required. What you see in the current NAV price is what you will get cash-out.

In practise, the 1.5% management fee can be ignored.

the 1.5% management fee is charged annually right? the 5.5% is charged whenever u purchase additional units.

Ignore the 1.5% (or whatever) management fee - it is already built-in (already deducted) from the NAV price. The NAV price is what you see and what you get.

You are only interested in what you actually get, which is the NAV.

Yup, but the understanding of it is a must.
Without management fee, the NAV is 1.5% higher than what we see.

May I disagree?

Using the following, some sort of extreme example:

Fund Manager A): 10% management fee, 5% to me.

Fund Manager B): 0.5% management fee, 0.1% to me.

Manager B is "cheaper", but I prefer Fund Manager A.

In other words, I'm only interested in the net returns.

What I meant is not choosing based on management fee charges.
Some hedge fund charge extra-ordinary management and profit sharing if they perform.

This is not what I want to highlight.
What I want to highlight is that, there is charges being imposed on your fund constantly aka the 1.5 management fee.

I am not talking about the performance issue, unrelated, I just want to highlight so that people understanding on the fund charges issue, for the sake of education purposes.
T

Sure, understanding there is a charge. Also need to understand how the fund performs in relation to the charges. Both go hand-in-hand.

I understand your point. But I also want to point out that not low charges = good, and high (or any) charges = bad.

Your UT Agent supposed to explain to you whatever your enquiry.

Mod, please merge this thread into existing Public Mutual thread.

Is Public Select Dividend Fund a good fund ?

Is there any other PM thread other than this?
could you show the light?

When will this management fee charge?

Daily, but you will see the total charged in the annual report. The amount charged is usually quite substantial most of times equivalent to the dividend and interest received. Usually 1.5% management and other charges like offices expense, trustees, printing, audit etc will bring the fees to about 1.8% - 2.0% of asset. There are other hidden charges such as transaction fees, soft commission, brokerage etc which can bring the fees up another 0.5% -1% depending on their turnover.

This post has been edited by gark: Mar 25 2011, 09:13 AM

As the details shown below, beside the 5.5% charges, for example, I bought a fund on 1st JAN with initial amount RM1000, after 5.5% become RM945, let's say for the year the fund didn't gain any profit, the 1.56% (1.50% + 0.06%) will deduct my fund (RM945-1.56%) on 31st Dec every year?

Service Charge Up to 5.5% of NAV per unit
Repurchase Charge NIL
Annual Management Fee 1.5% per annum of the NAV
Annual Trustee Fee 0.06% per annum of NAV, subject to a minimum fee of RM18,000 and a maximum fee of RM450,000 per annum.

You're quite familiar with the charges of funds. Did you work with any fund managers before or you're one of the fund manager?