While it is prudent to take some money off the table when the market is high, it has to be cost effective since there are transaction costs such as switching fee. 3 things need to be aware of: the minimal fee, the minimum number of units allowed to switch, and whether the fund is more or less than 90 days since its purchase.

The minimum acceptable number of units to switch is 1000 units.
If the unit price is about rm0.30, then rm500 translate to about 1666.67 units.
If the unit price is about rm1.00, then rm500 or about 500 units is not enough to switch.

The unit price in a bond or money market fund is normally around rm1.00. So you may not be able to switch it back out after switching in.... 

Within 90 days of purchase, the minimal switching fee out of equity/bond fund is RM50.

Within 90 days, switching out of the following funds:
a) equity funds 0.75% or minimal RM50
b) bond funds 0.25% or minimal RM50
c) money market funds RM25.

After 90 days, switching out and into the following funds:
a) equity funds RM25
b) bond funds RM25
c) money market funds RM0.

At the present, there are a couple of bond funds that are performing worse than the money market fund... money market fund has lower returns than fixed deposits in a bank...

Switching into money market fund is like free money to Public Mutual... while the switch in cost is zero, switch out cost is RM25... which I think it is a bit excessive after giving PM "free" money. 
This distribution 'profit' has been well discussed a few months ago... 

The daily unit price or NAV price is a fluctuating price; unlike a fixed price fund like ASB.

NET as in Net Asset Value (NAV) means that all the operational costs, management fees, etc. has been taken into account when calculating the unit price every working day.

So it does not matter whether you purchase or sell after or before the financial year-end... if there is a distribution, no doubt the price will drop, but there is extra distributed units to even out the fall in price... the total value (number of units x unit price) is the same.

Yes, it is a flat RM25; if it is out (of any funds) and into a bond/equity fund.
Cost for 1000 units or 100,000 units is the same.

And if switching 100,000 units - most likely it is free as the investor would likely to have more than RM100k invested (I believed it has increased to 120k recently), and would have 18 free switches a year.
Its price jump 1.04% from Friday to Monday.
Monday was 1st day back to work for many people...
Wong Sifu, thanks for the advice. Switched in early last month... up nearly 5%, with help from monday's jump... dropped back 0.27% today (Tuesday's price)... intending to go heavy back into equity this year.

Portfolio was 60% bonds, 40% equities... planning to switch slowly by mid of the year to 20% : 80%... with 40-50% in real estate/property fund (currently about 30%).

Hope the snake will bring more luck this year. LOL. 

PFSF look good. But one question, u buy under EPF? As I know, PSBF should be closed for normal investment.

PSBF = Public select bond fund?

you plan to reinvest back from PSBF to equity fund after the General Election?

Yes, public focus select fund, it just outperform my favorite Smallcap fund.
If you switch from EPF, should choose pb islamic bond fund (the best bond fund for public and only can invest thru EPF now).

Public mutual no gud,they got no guaranteed return.my parents was bought 2years ago,but the agents told my parents sure earn money!!!but few month ago when I check for them their bal r negative!!!!

For PRS related discussion, you can raise at the dedicated PRS thread.

did not thoroughly checked them out but it seemed like some of the them piggyback on other (existing) funds... so the potential/risk should be the same.

yes, good for the tax relief, and only if wanted to start another portfolio... half here, half there would not be good; can't play around and do switches between them...

to earn the tax relief, need to put up the money first, then request tax refund the next year?!!!

beware of the penalties of early exit... don't think you can bluff hasil by cancelling the PRS after taking the tax relief.

the tax relief is only for 10 years... we don't know whether it would be extended or not... it would be better to take advantage of it every year instead of skipping some years; maybe switch to a more conservative scheme if you think the market is at a level too high?

just as there are some series of steps in building savings, ie. savings account, fixed deposit, ASB (if eligible), then unit trusts... if solely to have more tax relief, another way is to request boss to readjust salary and pay more EPF on the employer's portion - it is usually 12%, some (enlightened) companies contributes 15%, but it is allow up to 19%. And employer contribution into EPF is non-income and not taxed.

say, current salary rm5000/mth, and employer's epf is 12%.
readjust it to rm4746 and employer's epf to 18%.
Employer is paying out same total amount (salary + epf)... but now, there is less rm254 x 12mths = rm3048/year and had reduced taxable income by same amount.

1. Slightly lower salary = slightly less epf payment from you, net savings (and going into epf) is rm226 every month.
2. You can take out from epf for investment into unit trusts. So your money is not really stuck there. And if into PM, enjoy paying lower service charge...

http://www.kwsp.gov.my/pv_obj_cache/pv_obj..._Berhad_Eng.pdf

or

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FYI
PISEF already closed for cash investment with effect from 01/08/2013.
PISEF will however remain open for EPF investments.

You may click on this link: http://www.publicmutual.com.my/OurProducts...FundReview.aspx

Then go to "3rd Quarter Fund Review". You may view each available fund details as well as their financial year end. 

Started investment in PBond in 2010
Lately the performance is pathetic
Is it advisable to hold on or dispose?