My agent told me the service charge is waived, perhaps I misunderstood her then. I didnt really ask since I wasn't interested at that time

Okay, before everyone jumps with joy, this campaign is for newbies.

It is trying to copy FundSuperMart's Regular Savings Plan (RSP); where new investors can start a new fund with minimum of RM100 instead of the usual minimum initial investment amount of RM1000.

So the new investor can easily start off with just a couple or several hundreds ringgits and able to diversify into 2 or more funds at once. As mentioned in a previous post, this would be a truer DCA method instead of starting with a big amount of 1k and then DDI with a lopsided minimum of 100.

I said 'trying' to emulate RSP - because in the list of selected funds, there is only 2 funds. (Dividend Select Fund & Islamic Dividend Fund).

A good start anyway... and hopefully, but don't hold your breath waiting, there are more promotions coming.

Cheers.

maybe your agent was referring to PCDEPF (public cash deposit) fund which was launched 2 month ago where the SC is 0% but is not an equity fund.
cheers...... avms

well said

I think that was referring to PCDEPF and PICDEPF, which are Money Market Fund. ZERO S.C confirmed.

Arigato Gozaimasu!

The last day in Oct was much better than expected, thanks to the Nippon stimulus.

So, portfolio 1 ended Oct almost touching its peak level - which was in the 2nd half of July. Islamic treasure growth fund was dropped... lucky to drop it before it dropped further; and Ittikal was added during the dip.

Ittikal was among the better funds (if not the best) in the past 3 months (above 2%); while PITGF lost more than 5%.

So for now, the small cap funds is down to only 1 fund - Strategic Smallcap. The other 3 funds, PITGF aside, are closed.

In the volatility of the market during the past 3 months, some big/mid cap funds like Ittikal, PIDF and PISEF performed better; while some others like PRSF & PDSF just managed or nearly managed to recover the losses.

Lesson learnt: it pays to diversify and have a handful of funds in the same category instead of only 1 or 2.

Cheers. Stay Invested.

P.S. Though I'm posting in this Public Mutual thread and am holding their funds, it do not by any means that I am endorsing Public Mutual and their funds.

The experience and info shared is just as applicable to any other fund companies. Just that this thread is less chatty and easier to find back my own posts... sometimes it is necessary to review back what were my thoughts and how it changed.

Launch of Direct Debit Instruction Campaign -
1 November 2014 to 31 January 2015

We are pleased to announce that we will be launching the Direct Debit Instruction (DDI) Campaign for Public Dividend Select Fund (PDSF) and Public Islamic Dividend Fund (PIDF).

This campaign will enable your investors to invest in PDSF and PIDF at a lower initial investment of RM100 when they sign up for DDI from 1 November 2014 to 31 January 2015.

Please note that your investors must maintain a DDI transaction of at least RM100 a month for a minimum of 10 consecutive months to enjoy the benefits of this campaign.

When your investors sign up for DDI, they will also enjoy a special sales charge of 5.25% of net asset value per unit. The special sales charge is subject to a maximum DDI investment of RM100,000 per investor for each fund on a monthly basis.

Should you have further enquiries, please refer to the campaign flyer available at branches or contact your respective servicing branch managers.

Thank you.

*noob question

can i know what is mutual fund all about and how to invest on it?

while waiting for valuable replies...
you may read this and its links...(if you want)
Unit trust learning center
http://www.publicmutual.com.my/Resources/U...ustLessons.aspx

so mutual fund is a unit trust?

er.. given your signature tagline - "Tell me and I forget, teach me and I may remember, involve me and I learn." ― Benjamin Franklin,
i would have thought U'd have googled quite a bit already before asking such question(s)..


Value add - known as mutual funds in US, MY is unit trust.
Similar item.

Anticipated follow-up Q
Yes, unit trusts / mutual funds are also similar to ETFs (Exchange Traded Funds)
BUT ETFs are sold on stock exchanges, not through agents/banks/online agents.

Where is the Funds Not Open list now? Used to be under Announcements...

Here is a list of fund open for investment update 30102014.

 31102014_Fund_Open_for_Investment.pdf ( 91.6k ) Number of downloads: 67

Thanks for the list.

Anyway, my question was where do they (PM) publish the information now, if published at all?

Or is this going to be a source-from-agent only information?

As mentioned in a recent post, their customer service is getting poorer and poorer... which is not unexpected when an oganisation do not communicate directly (through its staff or website) with its customers but only through agents.

Yes, that list of closed funds was long gone from its website. I had to manually find out which funds are no longer available to fresh investments by going through, in its online service, each name one by one to spot which fund is not there.

Imagine a would-be potential customer, reading of a fund from Morningstar or elsewhere, and wanting to buy the fund and only to be told it was closed at the very last minute after getting through all the hoopla of setting up an appointment with an agent.

Some may be fine with it and consider another fund, but I (being particularly tired of any 'bait-and-switch' marketing tactic) will be among those who will not step into the shop again.

My complain with PM will be always be too many similar fund.

Part time agent like me cannot keep up. Haha.

PM recently announce new fund;
PUBLIC SELECT MIXED ASSET GROWTH FUND (PSMAGF)
PUBLIC SELECT MIXED ASSET CONSERVATIVE FUND (PSMACF)
PUBLIC EHSAN MIXED ASSET CONSERVATIVE FUND

More NEW FUNDS Briefing to be conducted on 25/11/2014.

Public Mutual will launch two Islamic funds, Public Ehsan Mixed Asset Growth Fund (PESMAGF) and Public Ehsan Mixed Asset Conservative Fund (PESMACF) on Tuesday.

The initial issue price of PESMAGF and PESMACF is 25 sen per unit during the 21-day initial offer period from Tuesday until Dec 15.

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

Public Ittikal Fund close for investment is it?

Yeap

if not mistaken , should be equity fund.