YTD performance of some Malaysia equity funds:
PUBLIC DIVIDEND SELECT FUND 1.52%
PUBLIC FOCUS SELECT FUND 4.87%
PUBLIC GROWTH FUND 1.38%
PUBLIC ISLAMIC DIVIDEND FUND 0.99%
PUBLIC ISLAMIC OPTIMAL GROWTH FUND 2.28%
PUBLIC ISLAMIC SELECT ENTERPRISES FUND 2.14%
PUBLIC ITTIKAL FUND 3.48%
PUBLIC OPTIMAL GROWTH FUND 3.21%
PUBLIC REGULAR SAVINGS FUND 1.86%

Selected comparisons:
Kenanga Growth Fund 12.40%
AMB Unit Trust 9.83%
Hwang Select Dividend Fund 8.07%
Manulife Equity Plus Fund 6.77%
Pacific Dividend 4.90%
Hong Leong Dividend Fund 2.96%
TA Growth 2.34%
RHB-OSK KLCI Tracker Fund 2.22%

I have enrolled cash investment on PSSCF since nov 2013 by DDI. If I want to invest another one more fund, any recommendation from sifu here?

If it is your 2nd fund, maybe go for a large/mid cap fund. Below are 3 funds, which are also components of my portfolio model (look it up in this thread), and rated 4 stars by Morningstar.

Public Optimal Growth Fund
Public Islamic Select Enterprises Fund
Public Regular Savings Fund

Cheers.

PISEF is only opened for EPF Scheme Investment (New Cash Investment is no longer available) - FYI

yeah, thanks for the reminder.

Keeping in mind which funds are EPF-approved funds can saves a bundle in service charges if using both cash and EPF investments. Reserves the cash investment for non-EPF funds... which are mainly the small-cap funds, and foreign funds.

Looks like this year PM not preforming that good

If you have tracked PM fund for the past many years, you'll realise that their fund is at best mediocre. Their best performing fund when compared to peers is ranked like No 10 on the list (Check our Morningstar or Lipper). And they have the gall to charge 5.5% SC some more.

Xuzen

Do monthly DDI (Direct Debit Instructions) have its merits?

There was a short discussion on DCA (Dollar Cost Averaging) versus Lump-Sum investment in another thread in this forum. Which got me thinking about the merits of DCA when you average out the investment too fine. And DDI is essentially a monthly DCA.

Mind you, lump-sum investment has nothing to do with the size or how large is the investment; not to be mistaken lump-sum for large-sum. Both methods (DCA and Lump-sum) is regarding timing. The former is spread out the investment over a period of time, while the timing of the latter is more immediate.

In other words, if you buy $100k of a variable-priced Fund A today, and then another $100k next month into the same fund, this is DCA. You have spread and "average" your investment into 2 lots. (You can get an average from a minimum of 2 numbers.)

Say, if you have $100k to invest, and you invest 20k into Fund A today, 20k into Fund B next month, 20k into Fund C in August, and so on, it is lump-sum investment. Each investment into each fund is NOT split and NOT average.

With the definitions cleared, let's go back to their merits.

Lump-sum was considered more favourable to DCA since it is immediate and there is no time wastage. In the long term of years or decades, the short term market trend of either going up or down in the next few days or weeks or next couple of months would faded into relatively an insignificant percentage whether it was up or down in the short term, while it is generally a long term uptrend.

DCA was considered more favourable since investors can be new to the game, and can be emotional when the market dips, and then pull out at the lows. This is going against the mantra "buy low, sell high". DCA allows these investors to maintain and hold the fund, by having consistent investments whether the trend is up or down.

Now back to the main question: Is there any merits to DDI or monthly DCA over a number of years?

It is good to have a monthly budget for regular investments as it can helps to develop a saving habit. And adhering to the 'don't waste time' opinion, monthly DCA has it merits when you are fresh into you career and starting to save as you earn.

Other than this, IMHO, I don't see any merits of DDI. Monthly DCA over a number of years could be over-averaging the splits. Either lump-sum or limited DCA over several months would be a better option.

Cheers.

PS. As usual, what you read in forums, are 'opinions'; and above is mine. And I take all opinions with a grain of salt even from long term resident posters and experts and sifus. Would recommend that you do the same.

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Another advantage of DDI is that when the fund is closed (like Public SmallCap), you still can add in new investments with DDI. But you can also develop tunnel-vision and obscure you from considering another fund.

why during that period?

I also enrolled EPF investment on PDSF nov 2013. I noticed this fund is growing slow, do you think that I should switch to PISEF ?

If switching is FOC.. and you think PISEF can do better, why not

What happened in the past had already past; you may use it to project into the future, but it is still a projection. Every projections into the future is speculation. Your own opinion and speculation into the future is as good as any financial or economy experts.

(And this is mutual funds we talking about... the fund manager can change its underlying stock holdings anytime, and any report of its holdings is already dated by the time it is published. Any deep insight you have in any particular share does not help...)

I would look into the bigger picture on the total financial plan (if any) and how the entire portfolio should be before arriving at a decision.

In the 1st place, I would not invest too much into any fund that I, will later on, feel the pressure to down-size it. Much had been said on building a portfolio in this thread and elsewhere... look them up.

If there is a fund that is consistently ranked number one year in year out, then go for the champion. Unfortunately, (from my amateur observations), funds in the same asset category tend to be ranked differently each year. Some years they performed better; other years, they underperformed.

Me, I buy both! I was restructuring the portfolio to have more local funds this year... switched some into PISEF in early Feb after it dipped in Jan, currently gaining 6.6%.... switched some into PIDF early this month after it dipped in May, now up 0.99% in less than a month. Yeah, enjoying some short-term fun... long term, who knows?

Cheers.

hi guys, currently i have some cash is the public bond fund for about 4 years now, and the return rate is about 5 percent per year only.

now i plan to sell this fund and put the cash in a more agressive equity fund which is the public asean dividen fund as the return rate of this funs is about 11% per annum

do you guys think the choice im making is a wise choice or not? of no, please give the reason why i should just maintain in the bond fund. aos the baNK OFFICER TOLD ME THE BOND FUND IS ALREADY FULL and they dont accept new investment anymore, so once i cash out the fund, theres no turning back..

do advice,,thank you in advance

1st of all, you must get the lingo or some important words correct. "Switch" and "Sell and buy" are 2 different meanings.

A) In "Switching" from one fund to another fund, there is a switching fee, which is RM25.

B) "Sell" or "Cashing out" of a fund and then "buy" another fund, means that you are getting out of a fund, selling all the units and having the money by cheque or debit directly into your savings account. Then use the money to purchase another fund. This means you are paying the service charge again when purchasing the new fund. This is alright if the service charge is zero. But this is Public Mutual, and the service charge is as high as 5.5%.

So please note the difference between (A) and (B).

Secondly, you must get the names of the fund correct. There is no fund such as "Public Asean Dividend Fund". They are either "Public South-East Asia Select Fund" or "PB Asean Dividend Fund".

"Public" and "PB" are 2 separate series of funds. You may "switch" from a "Public" fund to another "Public" fund, but NOT from a Public fund to a PB fund.

To transfer from a Public fund to a PB fund, you will need to "Sell and Buy" (as in method B), and pay the service charge again. This I would not recommend; as it is, paying the service charge once is already costly enough, to repeatedly pay the service charge again and again is idiotic!

Yes, Public Bond Fund is closed; new investment is no longer accepted.

As in previous posts, recommendation on whether to hold or switch into another fund would depends on your overall financial plan and how you want to build the portfolio.

This post has been edited by j.passing.by: Jun 22 2014, 08:02 PM

Ok..its the pb asean dividen fund and need to sell and buy..and I plan to leave the money for a minimum of 5 years and I dont mind paying the service fee again as its a long term investment plan..so how bro? What u recommend and any advice? I put in the bond fund for nearly 4 years now and about 5% return rate each year. Thats why I plan to put in the pb sean dividen fund which has a return rate of about 11% every year

This post has been edited by Arvinaaaaa: Jun 22 2014, 08:10 PM

actually the EPF investment on PDSF is recommended by the agent. is there any charge if switch between fund under EPF investment?

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I'll take that those units in the bond fund are low-load units (paying service charge of 0.25%), so it's not paying high service charge again...

One question I often wonder myself is what is short term? How long is a long term? Short term is 3 years, and 5 years is long term?

Another question some of you might be wondering is why I am still here in public mutual?
Simple reasons: a) I'm already here, and had paid the service charges; a long time ago. b) I'm in for the long term, and long term meaning 'forever'.

Think about this 'forever' long term.

If you are investing correctly into mutual funds, and getting good returns, do you want to exit and put your money back into a savings account or FD? Or do you mean you intend to cash out and invest into another investment tool like a condo or house or commercial property and get regular rental income? When you are older and in retirement, with less brain cells and maybe getting a bit senile? Not me. A bird in the hand is worth 2 in the bush.

Recommendation: See above excellent advices. Otherwise tell us what's so special about this Asean fund that you have to have that you don't mind paying 5.5%.

Cheers.

PS. Please note that what is expected from any fund in the near future is a speculation. If the fund goes up 11%, it can also go down 11%. ok, every thing is fine and dandy when it goes up. If goes flat (which is not the worse case scenario), there's the opportunity cost for the 5 years, and 5.5% down in the pocket.

IMHO, short-term play is trading... go to a less costly place to trade, and emerge with bigger winnings.

RM25.

If the fund is less than 90 days old, there is a penalty of 0.75% or a minimum of RM50.

Registered for Public Mutual Online, and do the switches online at your convenience... do it before 4.00 pm for same day NAV pricing.

This post has been edited by j.passing.by: Jun 22 2014, 09:37 PM

Ok bro..I plan to put this cash for long term like more than 5 years..so ill put in the pb asean dividen fund.
.ill consider going to fsm when im older and actually working after graduate for short term trading..
thanks for the advice

ps reason I want to have the asean dividen fund is I have a ampunt of cash in for about 3 years now..and the return rate have been good so far and higher than my bond fund..

I think you miss my point that anything that is not forever is short-term.

5 years, 7 years, 10 or 20 years, is not forever. And not 'long' term.