May I know izit good for us who just start work and wanna hv some investment?
Is Public Mutual good or not, and suitable for those just joining the rat race?
Yes and no.
To me, it is a financial vehicle to place my savings just like any other financial vehicle like savings account, fixed deposits, and EPF. It is a unit trust fund - a fund that pools our money to invest in financial instruments in the share market, bonds, warrants, securities, etc.
"Investment" has several connotations; as in investing in a business, or making savings. It is the latter context that would be relevant here - making savings.
We are building savings and placing them in appropriate financial vehicle to hedge the savings against inflation. It wouldn't be any good if we just keep our savings under our pillows - the monies will slowly loose their value against inflation over time.
Yes, unit trust funds unlike fixed deposits or EPF, do not have any guaranteed returns. Anyone who told you otherwise had given you false information.
To understand whether this particular savings vehicle is good or not, you will need to know your personal purpose and motive for making the savings, how much you can and want to save, and how long to build up the savings.
You should be able to get more and detail info from Public Mutual website and other investment blogs.