If you do the same calculation with a NAV of RM 25, it will be the same figure, as long as the percentage is the same.  The NAV makes no difference. The chance to climb higher is NOT affected by the dividend payment, it is based on the market. Basically dividen in UT is NOT an earning, it is merely a distribution. You are merely taking money from your left pocket and put in your right your other pocket, does that makes you feel richer? 

Lets say your calculation above, You have invested RM 1000. If RM 0.02 dividend was paid (and reinvested & assume no tax) as you mentioned above, your total earning is now 4286 * 0.28 = RM 1,200 (20% earnings), and if dividend is not given then 4000 units*0.3 = RM 1,200 (20% earnings), can you tell me what is the difference? Is it because you have more units with cheaper value, you can feel better? 

Again if the UT earnings rise by 10%, the UT price (after dividend) earning will be 0.28*110%= 0.308*4286 = RM 1320, if the UT did not distribute dividend then the UT price will be  0.3*110% = 0.33*4000 = RM 1320. Again no difference. 

Don't be fooled by the agent's sweet talk.  Also if you noticed, dividend is taxable, hence you LOSE money. If no dividend is given you are not taxed.

Just sign up with an agent, and minimum investment is RM1,000.

Based on past performance, the CAGR (Compounded Annual Growth Rate) for most local equities are above 5%.

5% is a safe rate of quoting CAGR, but top performing funds in Public Mutual are around the range of 10~15% CAGR 

There are indeed underperforming funds, but most of them are newly launched funds which are not able to perform now, but that doesn't strike out the possibility of them performing in the near future. A good example for this scenario is Public SmallCap Fund.

And by the way, the first thing investors usually ask will be which are the performing funds, and as an unit trust consultant, my job is to highlight those top performing funds to them.

i prefer unit split rather than the dividend income, due to the tax implication.

It will be a double tax situation, when the individual stocks declared income distribution its already tax once b4 paying out to mutual fund, and then when mutual fund declared dividend to their investors, there will be another round of tax....

I dont understand why must mutual fund in Msia like to declare dividend, some other foreign mutual fund like Franklin Templeton, Fidelity never declare dividend even their company is registered in tax heaven country. that is why a mutual fund initial offeringf price of USD10/unit could grow to as good as USD50 over time. So when investor encash their investment, can have 100% capital gain, without paying tax twice.

1.yes, it depends, sometimes when the fund manager sees some opportunity in market, he may decide to increase the fund limit. and off course not overincreased it as it may dilute earnings
2.i think what he meant was(just what i think), if the fundamental investment of a unit trust fund is good & strong, u may just enter @ any time by means of applying DCA or other methods. As, a good fundamental fund will recover overtime when it drops. And, it's hard to time the entry into market, so in the long run, u wil gain regardless when the NAV purchased @ high/low time, off course u would have "gain" even more when the NAV drops