Just a side note:

Ponzi 2.0 fund size is approaching 1.5 billion:

RM 1,470.00 million (as at January 31, 2015)

3 March 2015

The Implementation of Malaysian Goods and Services Tax (“GST”)

The Malaysian Government has announced the implementation of Goods and Services Tax (“GST”) of 6% in the Budget 2014, which will be effective starting from 1 April 2015.

GST is a multi-stage tax on domestic consumption. GST is charged on all taxable supplies of goods and services in Malaysia except those specifically exempted.

As such, we would like to inform that under the GST regime, all charges (sales charge, transfer fee, switching fee, redemption fee and platform fee) and expenses charged to the fund (annual management fee and annual trustee fee) will be subjected to GST and will be borne by investors, unless stated otherwise.

For more information on GST, please visit the Royal Malaysian Customs Department website at www.gst.customs.gov.my.

If you have any enquiries, please do not hesitate to contact us at 03-2149 0567 or 04-640 1567. Alternatively, you can email us at clienthelp.my@fundsupermart.com.

Thank you.



Yours sincerely,

Wong Weiyi
General Manager
fundsupermart.com

  WOW,  how to calculate the mgmt. fees charged.....
approximate all in 2.0% x 15000,000,xxx (how many zeros should there be?)

1 billion has 9 thrilling zeroes: 1,000,000,000

GST 

just about 30 million pa....just from 1 fund....   go buy the RHB share?...

rhb? bukan cimb?

rhb? bukan cimb?

  alamak...bought the wrong share 
(Ori post corrected!)

CIMB share not doing quite well for the past few months. Below RM 6.00 most of the time.

How come I didn't receive such email.

haha cause of the 1MDB loan I guess?

Ambank macam got more 1MDB loan~

GST 

well u can't "run" from kena GST 

er.. in a way.. possible, but not probable
... don't spend..
GST is a consumption tax - as long as we spend/consume, chick-ching!
Gov collects

coonot wor..
I good person, give gomen free money & also "help" people cari makan by buying their products / services 

If your investment amount is not significant, u might wanna consider selling and buying instead of incurring the RM25 switching fee

ONLY funds?.....if you liked other RHB OSK funds in FSM...try this (follow steps, 1,2,3,4)
you will see a long lists of funds under RHB OSK

Based on my understanding of GST, yes.

But just in case, I've dropped an email to FSM to confirm my calculations.