Wonder if anyone knows is there a cost and limit to switch one fund to another?

Thanks for the suggestion. But, I don't think I can switch fund from my existing Public fund to PB fund.

HOW ABOUT PM VS CIMB WEALTH FUND CURRENT SITUATION???

What u meant by current situation?

which one fund better to invest?

what is your target? How many years do you willing to invest? U want low risk or high risk?

1.) What kind of risk taker are you?

2.) What is your objective by investing? Pay loan? Buy House? Buy car?
If you are for paying loan, maybe you can opt to take up some performing bonds, so that after a period of time, you can pay back one big lump of money. Bond are rather conservative and save, less risk exposed compared to equity linked fund. So your money invested will be exposed to lesser risk, and you will still be able to pay up those loan from the bond fund that you had invested in case when the market turnaround, as the prices are more stagnant, and less volatile.

If you are for buying cars, house.. Maybe you can opt to go for some moderate to aggressive risk's fund. As house and car is for future plan, you would hope to use a tool that can help you to grow your money more so that you can get your dream house or dream car with a habitual saving plan. The reason i suggest/promote equity linked is because buying a new house/car is not so top a priority if compare to loan. Loan is an obligation to repay, therefore, the tools being used should not put you into more trouble, which is capital loss.

3.) What kind of investor are you? short, medium or long term? Here in mutual fund, we are talking at least 3 years investment to be able to see result.

4.) Are you a one time off investor? Or you will invest consistently (Allocating money each month for investment)?
If you are a one time off with big amount of money (More than 10k), probably you would like to diversified into a few other fund to reduce risk. And get updated with the market condition from time to time, so you can know when is the good time to switch, exit, enter again.

For standing instruction (monthly basis), just invest.. probably some switching in between when market is down, or just continue to get more unit to maximize the ringgit cost averaging. Market down, cost per unit cheaper, so can get more unit with the same amount of investment. Market up, unit cost more expensive.

Anyhow, above is just a simple assessment to understand your own, and to select a correct investment vehicle according to your character, and ability to tolerate on the risk.
Remember, if you do not feel comfortable investing, don't invest at all. Invest only if you are comfortable to do so.

Yes, it is covered in the Master Prospectus. Page 35 and 36. It is summarized in table form for easier understanding.
You can actually get the PDF version at Public Mutual website.

Depends.. If you switch within 3 months after purchasing the fund, fees will be higher.

If you switch after 3 months, switching to Money Market fund will be free, but switching back to other fund from money market fund will have some minor charges.

For more info, ask your consultant about it

the fund is reopen? can please clarify? thank you=)

If not mistaken, it is already closed back, too much 'heat' . Anyone can confirm?

Please supply a link, or any other source of official PM information which states this 3-month/higher-fees condition.

I don't think there are any links from the official PM website.

Well, actually I cannot say that within 3 month, switching will be more expensive either.. My bad. Because it depends on where do you switch to, and the value of the switching.

My initial reply was based on value more than 10k. That is why I say more expensive if you switch within 3 month.
After 3 months, most switching fee are fixed or free if go to money market fund.

Minimum switching is 1000 unit per switch.

PIN Bond minimum will need 1million unit as minimum switching quota.

Within 90 days

Recipient Fund -----------Equity/Balanced---------Bond/Fixed Income------------M.Market
______________________________________________________________________

Switch out from

Equity/Balanced----------0.75%--------------------0.75%---------------------------0.75%

Bond (Loaded)------------0.25%-------------------0.25%----------------------------0.25%

Bond (Low Load)---------Up to 5.5%--------------0.25%----------------------------0.25%

M.Market (Loaded)-------RM50----------------------RM50----------------------------RM50

M.Market (Low Load)-----up to 5.5%--------------RM50-----------------------------RM50



After 90 days

Recipient Fund -----------Equity/Balanced---------Bond/Fixed Income------------M.Market
______________________________________________________________________

Switch out from

Equity/Balanced----------RM25---------------------RM25------------------------------Free

Bond (Loaded)------------RM25---------------------RM25------------------------------Free

Bond (Low Load)---------up to 5.5%---------------RM25------------------------------Free

M.Market (Loaded)-------RM25---------------------RM25-------------------------------Free

M.Market (Low Load)-----up to 5.5%---------------RM25------------------------------Free



Hope this helps a lot..

This post has been edited by Bonescythe: Jun 16 2011, 12:02 AM

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I invest Mutual Fund using KWSP under 1 of the agent, if I would like to invest again after 3 months, can I use another agent???

In short, yes.

In details, pls refer to http://forum.lowyat.net/topic/1299169/+1591

Am I right that we can claim income tax rebate from the unit trust fund dividend payout? Which figure to fill in the income tax form?
I never aware of it only until recently.
Thanks.

This post has been edited by milentechie: Jun 17 2011, 07:54 AM

Heheh - U want to claim income tax rebate from dividends of Public Mutual funds?

I thought the single-tier tax on dividends that stocks payout (thus to PM holding the stocks, and thus to U) are already taxed at Company level and public cant get back that $ even though their tax rate is lower.

My bad if U are talking about bond funds. Itu binatang lain, no idea on tax schemes.

This post has been edited by wongmunkeong: Jun 17 2011, 12:53 PM

Recently P Small Caps and P Islamic Opportunites doing badly. For those who pump in substaintial amount of money when P Small Caps reopen for subsription in short period, lost big time.

PEF is good..