http://www.publicmutual.com.my/CampaignsPr...enCampaign.aspx

I want to know from your experience. How many days did EPF take from the time of application submission to UT account created with the unit purchased?
I am exploring the EPF UT investment option.
Thanks.

Sharing one article .

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http://www.fundsupermart.com.my/main/resea...?articleNo=1592

Public ITTIKAL Sequel Fund launch on Tuesday

KUALA LUMPUR: Public Bank's wholly-owned subsidiary, Public Mutual is launching a new Islamic fund, Public Ittikal Sequel Fund (PITSEQ) on Tuesday.

PITSEQ is an Islamic equity fund that seeks to achieve capital growth over the medium- to long-term period.

Public Mutual's Chief Executive Officer Ms. Yeoh Kim Hong said "The Malaysian economy is expected to show resilient growth of 4.8% and 5.3% in 2011 and 2012, supported by sustained consumer spending and growth in the services sector.

"Investing in PITSEQ gives you the opportunity to participate in the growth potential of the equity market through Shariah-compliant equity investments in a diversified portfolio of index-linked companies, blue chip stocks and companies with growth prospects that are listed on the Bursa Securities."

She added: "PITSEQ comes with free takaful coverage on Group Term Life with Total and Permanent Disability plus Group Personal Accident for unitholders aged between 18 to 59 years with a minimum net asset value (NAV) of RM5,000 at any point of time. Terms and conditions apply."

To achieve increased diversification, PITSEQ may invest up to 30% of its NAV in selected foreign markets.

The foreign markets which the fund may invest in include Singapore, Taiwan, South Korea, Japan, Hong Kong, China, Thailand, Indonesia, Philippines, India, Australia, United States of America and other permitted markets.

The equity exposure of PITSEQ will generally range from 70% to 98% of its NAV.

PITSEQ is suitable for aggressive investors who wish to participate in the medium- to long-term growth potential of primarily Malaysian Shariah-compliant equity investments.

The initial issue price of PITSEQ is RM0.2500 per unit during the 21-day initial offer period from 11 October to 31 October 2011.

The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100.

During the offer period, special promotional service charges as low as 5% of initial issue price per unit are extended to the purchase of units of PITSEQ.

Investors who opt for Direct Debit Instruction with PITSEQ during the offer period will enjoy a special promotional service charge of 5.25% of NAV per unit for as long as the Direct Debit is active. Terms and conditions apply.

PITSEQ is distributed by Public Mutual's unit trust consultants. Interested investors can contact any Public Mutual unit trust consultant or call its Customer Service Hotline at 03-6207 5000 for more details of the fund.

Public Mutual is Malaysia's largest private unit trust company with 90 funds under management.

It has over 2.5 million accountholders and as at 29 August 2011, the total net asset value of the funds managed by the company was RM42.4 billion.

Can someone confirm this? I think it is illogical.

Thanks. Now, that makes sense. Initially, I thought the fee applies at fund level i.e. the 500 units are also subjected to < 90 days charge if there are new units bought < 90 days.

Hope PM can provide units < 90 days and > 90 days in our statement or PMO. That will help us to identify the cost of switching.

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Added on October 14, 2011, 11:48 amYes, you can invest in new fund without having an agent but sales charge is still applicable. Select "None" at Agent field. I believe it will automatically assigned to PBB (PMB).

This post has been edited by milentechie: Oct 14 2011, 11:48 AM

You may submit your investment application directly to any of our Public Mutual branches or through our registered Unit Trust Consultant (UTC). If you wish to submit your investment without going through our UTC, your investment will be processed under our management code and there will be no servicing agent for the account.


This is the response from CS when I inquired about EPF investment. I can't confirm if it applies to cash investment via PMO.

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Added on October 14, 2011, 12:17 pmI would prefer PM provides me a summary report. Thanks for the pointer anyway.

< 90 days xxxx units
> 90 days yyyy units

This post has been edited by milentechie: Oct 14 2011, 12:17 PM

Some agents attitude are more like a salesman than a consultant/advisor.

Buy this buy that. If I follow their whim, I would have ended up with > 50% of the funds managed by PM.

When a fund is not performing, asked you to leave it there and invest into another new fund.


If you know unit trust well, you can do everything by your own. Advise that you sign up PMO.


Of course, there are many good agents out there. No offense to them.

This post has been edited by milentechie: Oct 17 2011, 07:39 AM

b4 4pm, Oct 18 NAV

after 4pm, Oct 19 NAV

I think it is also subjected to how fast the money transferred from MEPS FPX. I use Public Bank account for immediate transfer.

Advise that you call up CS to clarify on this matter on FPX.

By paying with PB account, the transaction is also put under floating transaction. However, it uses the NAV on the day when the transaction was made (for b4 4pm scenario). It usually takes 2 days to see the new units appear in the fund account.

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Added on October 20, 2011, 8:25 amFor me, it is just another bond fund. Low risk low reward. I switched my profit into this fund while waiting for switching back to equity fund.

This post has been edited by milentechie: Oct 20 2011, 08:25 AM