one day smoke less 1 stick, you get back more than the 6% GST already.

one week drink less one jug, u get back alot alot more then the 6% GST already...

There was a very dated phrase "His one cent is as big as the wheel of the bullock's cart".

Of course, every cent counts in an investment; but as said the GST is on the charge, not the purchase.

6% GST on 5.5% service charge is 0.33% additional cost, and 6% on 2% is 0.12%.

The 6% GST at first glance seems a big amount, but it is peanuts in relative to the service charge. So look at the bigger picture and consider funds with lower service charges if total cost of investment is paramount.

yeah, and since I'm using DCA method, each purchase is rm1k. If I'm willing to pay the 5.5% service charge, the additional GST cost would be rm3.30 and it will not deter the purchase. If I want to whine, it would be the service charge.

got more than that with several well timed switches on Tuesday.

PRS growth fund..until today no dividend declared. zzz

All PMB PRS Series Financial Year End is on 31 March.

This post has been edited by transit: Feb 12 2014, 12:03 PM

Dividend, if declare will reinvest into funds

depend when investor bought the fund, there a option to choose wither reinvest the distribution or receive cheque.

time to time investor can change distribution option.

why r u waiting for the dividend?

Oic...
Y want to receive cheq on yearly basis when PRS is on long term?

i'd be happy to see my investment grow..

hi,

if i have loaded units (1034.24) dd2013 and Low-load units (973.56) dd2014.

if i make partial switching to equity, let say rm1k (994 units). which unit will system move first?

loaded unit 1st.

Yes, policy of 'lesser cost'. To get around this - whether to use loaded units or low-load units as I like, I'm using different funds to separate the low-load and loaded units... a bond fund for the low-load units, and a money-market fund when switching out from equity funds.

BTW switching is only in terms of "units", not ringgit; minimum 1000 units in a switch no matter whether the nav price is 0.22 or 1.04. So, need to be careful that any balance in any fund is not less than 1000 units.

This post has been edited by j.passing.by: Feb 13 2014, 11:08 PM

so, let say if change my scenario below; will system still switch out loaded unit out first?

if i have Low-load units (973.56) dd2013 and loaded units (1034.24) dd2014

Try not to have any preconceived ideas and assumptions in your mind when processing new info. It has nothing to do with FIFO (first in first out) or LIFO (last in first out) method.

Policy of lesser cost means that Public Mutual will try to make the cost as low as possible in the switch.

If they switch out the low-load units, it will be a charge of 2.75% (if it is an EPF account) or 5.25% (normal account) .

If it is loaded units, it will be either a flat RM25 (if the units are older than 90 days) or 0.75% (and a minimum RM50 if the 0.75% is less than RM50).

So the least cost is usually switching out the loaded units as these units have already been charged the service fee; and so only paying the switching fee of RM25.

In your case, it would be better to switch out exactly 1034.24 units or do a full switch. It will simplified matter, and leaving no room for error and dispute; as switching out more units (say 1200 units) can screw up things and the switching fee may not be what you expected it to be.

If say you switched out 1000 units, and later the remaining 1007.80 units (34.24 loaded units and 973.56 low-load units). The first switch should be RM25 (if 90 days or more).

The 2nd switch of 1007.80 units could MAYBE be counted as 2 transactions. RM25 for the 34.24 loaded units; and the usual service charge (less 0.25%) on the 973.56 low-load units. (You would have saved RM25 if you do a full switch instead!)

Now, do you see my reason in not putting loaded units into a fund consisting of low-load units?

hi j.passing.by
noted with thanks. i will do a full switching...

Anyone can tell me how long is the repurchase period to banked into account ?
Thanks.

Up to 10 working days in SOP for UT.

But personal experience is 2 to 3 working days. PM to MBB.

Yes, I have done a few repurchases last year, all bank in my Public Bank account within 3 business days.

Public Mutual Private Retirement Scheme (PRS) Latest Fund Prices
http://www.publicmutual.com.my/application...sfundprice.aspx

It appears repurchases are still paid via HSE CHEQ deposited into accounts.

CHEQ? Perhaps Internet Banking might be another option?