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Fundsupermart.com v7, DIY unit trust investing
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Jenny87
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 Nov 17 2014, 01:48 PM
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Getting Started
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QUOTE(Pink Spider @ Oct 24 2014, 09:08 AM) Introducing... Ninja RSP Trick™  » Click to show Spoiler - click again to hide... « MOST funds are under "RSP Special" E.g. u got RM3K only or u only want to start with RM3K and u wanna have a portfolio with the following 4 funds in these proportions: A: 50% B: 15% C: 15% D: 20% Go subscribe for RSP for these 4 funds in the following amounts: A: RM1500 B: RM450 C: RM450 D: RM600 These RSP buys will be transacted on next 15th, say, 15th November After these RSP buy transactions are completed, CANCEL THE RSP SUBSCRIPTION IMMEDIATELY!Voila! U just started a portfolio with just RM3K  Hi all, Would like to ask about the RSP strategy mentioned above. Example (Kenanga Growth Fund): 1) NAV price : 1.0477 2) Minimum Initial Investment (Cash/EPF) :RM 1000 3) Min RSP investment : RM100 4) Minimum Holding : 500 units So I can get approximately 95 units under the RSP plan (RM100) without needing to fork out the initial investment of RM1k. But from the factsheets, it says minimum holdings = 500 units. So, does it mean the RSP strategy is not applicable for this fund? Thanks and appreciate any feedback  This post has been edited by Jenny87: Nov 17 2014, 02:00 PM |
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Jenny87
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Nov 17 2014, 01:55 PM
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Getting Started
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QUOTE(Pink Spider @ Nov 17 2014, 01:49 PM) U quote me for what  Sorry...hit the add reply button too fast before editing the post..  Could you have a look at the above post again and provide your feedback? thanks in advance This post has been edited by Jenny87: Nov 17 2014, 01:57 PM |
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Jenny87
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Nov 17 2014, 02:03 PM
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Getting Started
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QUOTE(Pink Spider @ Nov 17 2014, 01:59 PM) 1st, the NAV price published is the NAV for preceding business day. U just won't get to buy/sell at that price. And, DON'T BOTHER about the NAV price and the units that u might get, just bother about how much VALUE u invest and how much VALUE u get after X no. of years. Funds on the "RSP Special" list, if u subscribe/buy thru RSP, will override the minimum holding rule. Just check whether the fund(s) u want is under RSP Special list.  Noted. Thank you for the prompt reply and useful info! Great to know that RSP will override the minimum holding rule. Thanks and appreciate your help This post has been edited by Jenny87: Nov 17 2014, 02:04 PM |
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Jenny87
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Nov 17 2014, 02:08 PM
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Getting Started
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QUOTE(Pink Spider @ Nov 17 2014, 02:05 PM) But...in order not to get FSM into trouble with the fund house and/or cause the Ninja RSP rule to be spotted and then prevented by FSM in the future... Make sure u slowly top up more over time and fulfil the minimum holding rule Noted |
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Jenny87
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Dec 10 2014, 05:26 PM
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Getting Started
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QUOTE(David83 @ Dec 10 2014, 02:38 PM) Yes because PRS fund is directly under your name. All your PRS details are tied to your PPA account. How about if i bought it from bank and would like to top up the same fund using FSM. Is that possible? |
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Jenny87
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Dec 11 2014, 08:25 PM
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Getting Started
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QUOTE(David83 @ Dec 10 2014, 06:02 PM) That one I'm not sure. It's better you ask FSM CIS. I had clarified with FSM CIS and yes, we are able to do so. We are able to topup the PRS fund using FSM platform that we initially bought directly from the investment bank. This post has been edited by Jenny87: Dec 11 2014, 08:26 PM |
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