Fundsupermart - Invest Globally and Profitably, Discussion on investment through FSM
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 Aug 24 2012, 09:01 AM
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Senior Member
16,872 posts Joined: Jun 2011  
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QUOTE(Amanda85 @ Aug 24 2012, 08:28 AM) i tried buying AmDynamic Bond today, but unable to do it. Reached approved fund size limit. Closed for purchasesdoes the bond already sold up or something?  This post has been edited by Pink Spider: Aug 24 2012, 09:02 AM |
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Aug 25 2012, 07:59 PM
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Senior Member
677 posts Joined: Jul 2012
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hey anyone bought unit trust through this fund supermart before? Just want to check with u guys it is safe? or this fund supermart is a scam or skim cepat kaya?? pls advise, thx...
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Aug 25 2012, 08:53 PM
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All Stars
15,192 posts Joined: Oct 2004
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QUOTE(ckinsg @ Aug 25 2012, 07:59 PM) hey anyone bought unit trust through this fund supermart before? Just want to check with u guys it is safe? or this fund supermart is a scam or skim cepat kaya?? pls advise, thx... surf this thread for more and you will know. |
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Aug 25 2012, 09:32 PM
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Senior Member
2,991 posts Joined: Jun 2007
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QUOTE(Pink Spider @ Aug 23 2012, 06:10 PM)  Just chat with FSM Singapore...seems that its better to have a SGD bank account to facilitate processing...now how can I get one without physically going across the Causeway  |
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Aug 25 2012, 09:43 PM
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Newbie
2 posts Joined: Mar 2011
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So far Fundsupermart is pretty ok. They have been around a long time and regulated by Singapore government and MAS.
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Aug 25 2012, 09:57 PM
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Senior Member
16,872 posts Joined: Jun 2011
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QUOTE(simplesmile @ Aug 25 2012, 09:32 PM) My friend went to Singapore for a holiday, and even then also could not open a bank account in Singapore. Require proof that you're living in Singapore, or something like that. How about opening a SGD deposit account with a Malaysian bank? Maybe with one of the Singapore banks like UOB or OCBC...will it save me some of the transaction cost? Added on August 25, 2012, 9:58 pm QUOTE(ckinsg @ Aug 25 2012, 07:59 PM) hey anyone bought unit trust through this fund supermart before? Just want to check with u guys it is safe? or this fund supermart is a scam or skim cepat kaya?? pls advise, thx... FYI I'm still broke  FSM is just a unit trust distributor... This post has been edited by Pink Spider: Aug 25 2012, 09:58 PM |
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Aug 25 2012, 10:04 PM
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Senior Member
2,991 posts Joined: Jun 2007
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QUOTE(Pink Spider @ Aug 25 2012, 09:57 PM) How about opening a SGD deposit account with a Malaysian bank? Maybe with one of the Singapore banks like UOB or OCBC...will it save me some of the transaction cost? Probably won't save you the transaction costs.But may save you the FX conversion costs though. |
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Aug 26 2012, 02:35 AM
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Senior Member
8,259 posts Joined: Sep 2009 
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QUOTE(ckinsg @ Aug 25 2012, 08:59 PM) hey anyone bought unit trust through this fund supermart before? Just want to check with u guys it is safe? or this fund supermart is a scam or skim cepat kaya?? pls advise, thx... It is not a scam.. |
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Aug 26 2012, 10:33 AM
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Senior Member
677 posts Joined: Jul 2012
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QUOTE(Kaka23 @ Aug 26 2012, 02:35 AM) It is not a scam.. so i if buy unit trust thru fundsupermart, where is our investment going in? Under fundsupermart or respective fund house?Do i get monthly statement or anual statement? Is the statement issued by fundsupermart or directly from the fund house? Pls advise. Thx. |
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Aug 26 2012, 02:50 PM
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Senior Member
8,259 posts Joined: Sep 2009
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QUOTE(ckinsg @ Aug 26 2012, 11:33 AM) so i if buy unit trust thru fundsupermart, where is our investment going in? Under fundsupermart or respective fund house? Fundsupermart is like a distributor for all those fund houses. It is like if you buy funds from investment house A from OCBC bank, uob bank, Cimb bank..Do i get monthly statement or anual statement? Is the statement issued by fundsupermart or directly from the fund house? Pls advise. Thx. You pay to fundsupermart.. Then they will buy for you. No monthly statement.. But you can view your summary of portfolio from the Internet.. |
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Aug 26 2012, 03:14 PM
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All Stars
14,990 posts Joined: Jan 2003
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QUOTE(ckinsg @ Aug 26 2012, 10:33 AM) so i if buy unit trust thru fundsupermart, where is our investment going in? Under fundsupermart or respective fund house? They have a FAQ, it might be a good idea to read it Do i get monthly statement or anual statement? Is the statement issued by fundsupermart or directly from the fund house? Pls advise. Thx.  |
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Aug 26 2012, 04:30 PM
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Senior Member
677 posts Joined: Jul 2012
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QUOTE(Kaka23 @ Aug 26 2012, 02:50 PM) Fundsupermart is like a distributor for all those fund houses. It is like if you buy funds from investment house A from OCBC bank, uob bank, Cimb bank.. Let say if i buy kenanga growth fund, is my investment recorded in kenanga investment berhad?You pay to fundsupermart.. Then they will buy for you. No monthly statement.. But you can view your summary of portfolio from the Internet.. |
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Aug 26 2012, 04:39 PM
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Senior Member
16,872 posts Joined: Jun 2011
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QUOTE(ckinsg @ Aug 26 2012, 10:33 AM) so i if buy unit trust thru fundsupermart, where is our investment going in? Under fundsupermart or respective fund house? Do i get monthly statement or anual statement? Is the statement issued by fundsupermart or directly from the fund house? Pls advise. Thx. QUOTE(ckinsg @ Aug 26 2012, 04:30 PM) Let say if i buy kenanga growth fund, is my investment recorded in kenanga investment berhad?  U buy thru FSM, pay to FSM All FSM account holders' investments are parked under iFast Nominees Sdn Bhd Like in your example, Kenanga Investment Berhad won't know who you are FYI, even my UT investments bought thru EON Bank (now Hong Leong Bank) are parked under a nominee account, HLB Nominees (Tempatan) Sdn Bhd If I'm not mistaken, most UT distributors uses a nominee account structure except for Public Mutual and CIMB Wealth Advisors, as this structure is easier and less costly to administer. QUOTE Fundsupermart.com (FSM) Malaysia is the online unit trust distribution arm of iFAST Capital Sdn. Bhd. ("iFAST Capital"). iFAST Capital is a subsidiary of iFAST - OSK Sdn. Bhd., which owns 86.5% of iFAST Capital. iFAST - OSK Sdn. Bhd. is an investment holding company and is a joint venture between Malaysia's OSK Investment Bank Berhad and iFAST Corporation Pte. Ltd. ("iFAST Corp"). iFAST Capital is a holder of a Capital Markets Services Licence (CMSL) and is licensed by the Securities Commission to conduct the following regulated activities: - To deal in unit trusts - To offer investment advisory services iFAST Capital is also registered with the Federation of Investment Managers Malaysia (FiMM) as an Institutional Unit Trust Adviser (IUTA). http://www.fimm.com.my/contents.asp?sid=10...0058&zid=100009 iFAST Capital is part of iFAST Corp, a Singapore-based company with subsidiaries in Malaysia, Hong Kong and India. The company was incorporated in Singapore on 10 January 2000. iFAST Corp, via its wholly-owned subsidiary iFAST Financial Pte. Ltd., is Singapore's leading online distributor of unit trusts as well as the leading operator of an investment platform for financial advisers and financial institutions. It carries the Capital Markets Services (CMS) and Financial Adviser (FA) licences issued by the Monetary Authority of Singapore (MAS), and is also one of three appointed Central Provident Board (CPF) Investment Administrators. iFAST Corp has two corporate shareholders. They are SPH AsiaOne Ltd, the Internet arm of Singapore Press Holdings, Singapore's largest media group, and DMG & Partners Securities Pte Ltd (51% owned by OSK Investment Bank Berhad and 49% owned by Deutsche Bank). In recent years, iFAST Corp has been expanding beyond local shores. In 2007, iFAST Corp launched its first overseas business, Fundsupermart in Hong Kong and in 2008, it launched Fundsupermart in Malaysia. Also in 2008, iFAST Corp entered into a joint venture agreement with Deutsche Bank's asset management division to expand its unit trust distribution business in India in the first half of 2009. http://www.fundsupermart.com.my/main/home/aboutUs.tpl Lucky u post this on a Sunday, plenty of time for me to write an appropriate reply Added on August 26, 2012, 4:43 pm QUOTE(Kaka23 @ Aug 26 2012, 02:50 PM) Fundsupermart is like a distributor for all those fund houses. It is like if you buy funds from investment house A from OCBC bank, uob bank, Cimb bank.. Wooi Kaka, got monthly statement lar...but not in paper form, FSM already stopped mailing out statements, they do it thru e-mails instead.You pay to fundsupermart.. Then they will buy for you. No monthly statement.. But you can view your summary of portfolio from the Internet.. Thru FSM, u can view your current statement anytime. Monthly statements are produced and can be viewed from FSM website. It's in PDF format. This post has been edited by Pink Spider: Aug 26 2012, 04:43 PM |
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Aug 26 2012, 05:08 PM
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Senior Member
8,259 posts Joined: Sep 2009
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QUOTE(Pink Spider @ Aug 26 2012, 05:39 PM) Added on August 26, 2012, 4:43 pm Wooi Kaka, got monthly statement lar...but not in paper form, FSM already stopped mailing out statements, they do it thru e-mails instead. Thru FSM, u can view your current statement anytime. Monthly statements are produced and can be viewed from FSM website. It's in PDF format. |
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Aug 27 2012, 09:15 AM
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Senior Member
2,232 posts Joined: May 2006 From: Petaling Jaya
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QUOTE(wongmunkeong @ Aug 24 2012, 08:30 AM) AmDynamic Bond is closed for additional investments from what i read earlier in this thread. is it still possible top up when someone sell off their units? |
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Aug 27 2012, 09:37 AM
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Junior Member
458 posts Joined: Mar 2010
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guys, I'm studying unit trust now, hoping that someday i'll put some money on this part of investment.
looking at the price of most unit trust avail in fundsupersmart, it's very not encouraging imo to start 'saving' now due to the high price/high klci index. am i correct? another thing is unit trust solely depends on the price of the unit trust (higher price = higher profits) only with no dividend play at all. am i right >.< |
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Aug 27 2012, 09:46 AM
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Senior Member
8,259 posts Joined: Sep 2009
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QUOTE(Amanda85 @ Aug 27 2012, 10:15 AM) is it still possible top up when someone sell off their units? Not possible anymore.. unless they decided to re-open it for sales, which I think unlikely..Added on August 27, 2012, 10:13 am QUOTE(Nama saya Amad @ Aug 27 2012, 10:37 AM) guys, I'm studying unit trust now, hoping that someday i'll put some money on this part of investment. Bro.. you have your own investment blog which explains some UT basics. You still asking here? Pulling our legs is it?looking at the price of most unit trust avail in fundsupersmart, it's very not encouraging imo to start 'saving' now due to the high price/high klci index. am i correct? another thing is unit trust solely depends on the price of the unit trust (higher price = higher profits) only with no dividend play at all. am i right >.< Added on August 27, 2012, 10:57 amWong see food... you already transfer in? This post has been edited by Kaka23: Aug 27 2012, 10:57 AM |
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Aug 27 2012, 01:15 PM
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Senior Member
16,872 posts Joined: Jun 2011
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QUOTE(Nama saya Amad @ Aug 27 2012, 09:37 AM) guys, I'm studying unit trust now, hoping that someday i'll put some money on this part of investment. Yes, KLCI is peaking, but there's always bond funds...mind u, the bond funds under my portfolio delivers IRR of 8%++ looking at the price of most unit trust avail in fundsupersmart, it's very not encouraging imo to start 'saving' now due to the high price/high klci index. am i correct? another thing is unit trust solely depends on the price of the unit trust (higher price = higher profits) only with no dividend play at all. am i right >.<  High or not, depends on the underlying stockholdings of the fund, the fund NAV price alone tells no story. |
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Aug 27 2012, 01:22 PM
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Elite
5,608 posts Joined: May 2011 From: Here, There, Everywhere
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QUOTE(Kaka23 @ Aug 27 2012, 09:46 AM) Added on August 27, 2012, 10:57 amWong see food... you already transfer in?  I suspect i'd need 2 solid days' focus - to reconstruct my plans (programmatic + opportunity investing for cash & EPF with overall Asset Allocation arcing controls)  ..AND LOTS OF COFFEE (oo reminds me.. i'm running out of tongkat Ali coffee  )This post has been edited by wongmunkeong: Aug 27 2012, 01:32 PM |
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Aug 27 2012, 01:28 PM
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Senior Member
16,872 posts Joined: Jun 2011
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Wong Seafood, I just finished my UT worksheet yesterday...thanks for intro me to this magic XIRR fungsi
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