Does ur bank account is Public bank?
Recently, I have repurchased equity fund on 29 Mar, the money is bank in my Public account on 2 Apr. Total is 4 days including weekend.

I repurchased my PSMALLCAP and the money is being banked to my MBB within 3 working days.

Ok... I just checked my CIMB account balance... and I saw this:

25-Apr-2013, LC DEP NOBOOK.

Which part of Direct Credit is Local Check Deposit?

Now I have to wait for the check to clear. I was hoping to get the money by tomorrow.

Yeap. They're issuing cheque and depositing into your saving account.

Bond Fund New Sales Charges from 0.25% to 1.00%
w.e.f 01 Oct 2013 and New Switching Charges Table
Please check out new master prospectus for the changes.
Equity Sales Charges remain at 5.50% (CASH Investment) / 3.00% (EPF Scheme)




This post has been edited by transit: Apr 25 2013, 09:59 PM

Conclusion: Is it getting worse or better for investors?

i think worst....increase in SC

To me, it become less competitive compare to other fund houses :-(

Yes, not much different between the 2 enhanced bond funds, except one is shariah compliant. In terms of recent performance, not much difference between the 3 bond funds either. In fact with KLCI just picking up the past several week and was flat in the earlier part of the year, PSBF is the 2nd best bond fund so far to date. (Islamic Infrastructure is the top dog, currently.)

Bond funds are similar to equity funds, they too have volatility in them; their performance also depend when you buy them and at what price. They can go down just like equity funds - if the market is in decline.

So, I guess the best decision is looking into other factors aside from just their performances (which is hardly any different currently) - what is your entire portfolio? How conservative you want it to be? Then you determine how much to allocate into bond funds, and into equity funds. Like you said, pick one with the amount that would suits your allocation.

(Are you still holding onto PCSF? Maybe, switch out bit by bit into a better equity fund.)

Anyway, I think the best time to switch into equities is from June to September. Google "sell in may and go away"; there's several recent articles on it. It's a myth, but somehow I trust it will be true this year. Always buy on the dip, not when it is high.

====================

The 80 formula.

This was posted by Xuzen before. It is a general thumb rule on allocation between bonds and equities.

The formula is simple: Take 80 and minus your age.
For example, age 35. So, 80 - 35 = 45.

So, bonds should be 45% of the portfolio, and remaining 55% in equities. As we get older, switch more and more into bonds, more and more conservative portfolio... young can take more risk, but make sure can hold till the storm is over... when older, not much time left to hold. LOL.

But I would also take advantage of any bull runs in the year, (and also the given free switches); and would switch extra 10 to 30% and then cut back to the normal ratio.

Good move so that investors can flock to other fund houses.

I think u got it terbalik

E.g. 60 years old, 80 - 60 = 20% equity exposure; 20 years old, 80 - 20 = 60% equity exposure

This post has been edited by Pink Spider: Apr 25 2013, 10:41 PM

LOL. You're right. Not going to edit and correct it, mistake is obvious...

Looks like new bond/money market funds would be introduced with service charge of 1% instead of current 0.25%.
So, 2 types of 'loaded' units... 1% and 5.5%.

Or maybe current 0.25% will be increased to 1%. (Bad)

No different in the switching fees, except 1% bond units switched to 5.5% equity units will incur 4.5% service charge.

Currently, 0.25% bond units switched to 5.5% equity units incur 5.5% service charge.
After 1st Oct 2013, it will be cheaper, 5.25%. (Good)

Come to think about it, the 80 formula is too conservative. If age 20, equities is 60%. And by age 30, 50/50?

50/50 by age 45 or even age 50 looks better, since we have EPF...

The bond funds here in PM can be lower than EPF dividends... no point having too much bond funds.

Come come to AmInvest, Eastspring, Kenanga, OSK-UOB, Pheim, RHB where the sales charge for bond fund is at an all time low of ZERO sales charge.

Thank you Public Mutual for making it easier for investor to make a decision.

Xuzen.

obvious sarcasm is sarcastic

I try to think positive here;

this will encourage a personal portfolio for every investor where all unit is loaded. Then there will not much different on the SC of low loaded unit. However, by applying this will clash with rules of certain % in bond fund.

there's not much gain from having low loaded unit in PM. If we want only invest on low loaded unit, better find somewhere else.

I think PM already fell the heat where everybody not buy their equity lol!

I also heard that there will be change on limit on PII (Initial Investment) and PAI (additional Investment) on the new prospectus too.

Thinking to top up my public mutual from EPF during this GE. Any good fund to recommend? Existing I got Public Islamic Dividend and Regular Saving.

Agreed. For EPF investment, put high percentage into equity as EPF itself act as fixed income already. I maintain minimal or no bond fund just to act as buffer for opportunistic investment such as when market dip.

Don't think this will work with Malaysian focus funds. Likely for Global or US focus funds. Malaysian sector funds doesn't really track this "sell in may and go away".