Public China Select Mutual fund is a shit fund, until now still no dividend.

Really?

"The price will drop"...(the price here mean "NAV" (net asset value) right?
if yes, it means the NAV affected right?..but you just mentioned "there is no effect on the NAV" 

  OOps,...i thought NAV only mean
"An investment company calculates the NAV of a single share (or the "per share NAV") by dividing its NAV by the number of shares that are outstanding. For example, if a mutual fund has an NAV of $100 million, and investors own 10,000,000 of the fund's shares, the fund's per share NAV will be $10. Because per share NAV is based on NAV, which changes daily, and on the number of shares held by investors, which also changes daily, per share NAV also will change daily. Most mutual funds publish their per share NAVs in the daily newspapers.

The share price of mutual funds and traditional UITs is based on their NAV. That is, the price that investors pay to purchase mutual fund and most UIT shares is the approximate per share NAV, plus any fees that the fund imposes at purchase (such as sales loads or purchase fees). The price that investors receive on redemptions is the approximate per share NAV at redemption, minus any fees that the fund deducts at that time (such as deferred sales loads or redemption fees)."

worse, you now pay tax to the government. Better don't have redistribution.

of course he understand. he is the famous Uncle Looi of FSM thread...     

Give u an example, the figures are not realistic, just to illustrate the principle of imputation

ABC Berhad profit before tax RM100
Pays tax RM20 (20%)
Pays out RM80 as NET dividend to shareholder, Mr Bintang Malam

Mr Bintang Malam receives RM80 dividend, the RM20 tax is IMPUTED to him
Declares GROSS dividend of RM100 in his income tax submission
Mr BM's tax rate is 10%, tax on dividend is RM100 x 10% = RM10
He will receive refund of RM10 from government

But nowadays more and more divvies are single-tier tax exempt already

Next year no more imputation (Section 108)

So, divvy or not does not matter anymore

Its use current birthday. If buy insurance, then will use next birthday.

Since Public Smallcap Fund still closing. I don't think you can get away from this SI (Maybank). For Closed Fund, once you terminate your SI, unitholder no longer can submit a new SI anymore. n_n

Alternate solution is to stop this fund SI and move to it's successor - PSSCF. (still opening) This time you may consider to using PBB to do monthly SI and it's FOC for the direct debit fee.

For a long term invester like me, 1% sc still acceptable. But the platform fee is forever there.

maybe related....
Q&A ON BOND FUND PLATFORM FEE
In this Q&A section, we address some questions that investors have on the bond fund platform fee.
http://www.fundsupermart.com.my/main/resea...?articleNo=3892