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Fundsupermart.com v10, Double digit (portfolio) growth!
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aurora97
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 Jun 15 2015, 10:34 AM
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QUOTE(David83 @ Jun 15 2015, 10:31 AM) You're were talking about option for Distribution/Dividend. Unless you're buying directly from respective fund house, you won't be having the option for cash out. Under FSM, the working model is nominee account whereby all distribution or dividend will be automatically reinvested at NAV. So, what is so confusing? If you feel fishy about the nominee model or FSM, you can lodge a formal complain to SC or FIMM. Now we on point. Errr… I didn’t know FSM was parked under a nominee structure? |
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aurora97
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Jun 15 2015, 10:36 AM
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QUOTE(David83 @ Jun 15 2015, 10:31 AM) If you feel fishy about the nominee model or FSM, you can lodge a formal complain to SC or FIMM. Like i said, it's an interesting discussion. @Pink Spider You could have just tell me it's a nominee structure and I will just marinate on that thought. Am just having a casual discussion here, don't have to go emo. |
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aurora97
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Jun 15 2015, 10:41 AM
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QUOTE(aurora97 @ Jun 15 2015, 10:30 AM) So investors of FSM be mindful to cross-check distributions that are being re-invested to ensure that it is not subject to sales charge. Would be great if an FSM staff could clarify on this point or someone could enquire because ultimately the question i posed is for the benefit of investors.found it! Q: HOW DOES FUNDSUPERMART DISTRIBUTE DIVIDENDS FROM FUNDS? A: Distribution of income methods is pre-determined at Fundsupermart. All distribution of income (if any), on behalf of you, will be reinvested in units of the relevant Fund through the subscription by Fundsupermart except OSK-UOB Institutional Islamic Money Market Fund. Dividend (if any) for OSK-UOB Institutional Islamic Money Market Fund will be paid out by cash. You will see additional units in your fund holdings. They will be reflected under your historical transactions as a purchase. You will also receive an online statement via email with regards to the transaction. All dividend reinvestment will not result in an increase in the cost of investment. The rationale for doing so is that dividend is not an injection of new monies by the investors as such it should not increase the cost of investment. By not reducing the cost, the weighted average cost as a result decreases with every dividend reinvestment. This post has been edited by aurora97: Jun 15 2015, 10:44 AM |
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aurora97
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Jun 15 2015, 10:47 AM
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QUOTE(David83 @ Jun 15 2015, 10:31 AM) The prospectus that you read is prepared by fund house/manager and not by FSM and FSM has no right to alter any part of the this prospectus. I agree but i think i reserve my comments. Everyone is making money, why shot oneself in the foot?  QUOTE(David83 @ Jun 15 2015, 10:46 AM) Er.. so u mean FSM can pay you via cheque? This post has been edited by aurora97: Jun 15 2015, 10:48 AM |
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aurora97
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Jun 15 2015, 11:02 AM
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QUOTE(David83 @ Jun 15 2015, 11:00 AM) The CHEQUE thing is FSM problem. Apparently, they don't have much short code to use in their database/system. I didn't receive any cheque and you have already read from the FAQ section that only additional units will be credited into the fund holdings once processing between FSM and the fund house is cleared. ok thanks!  |
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aurora97
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Jun 15 2015, 11:21 AM
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QUOTE(Pink Spider @ Jun 15 2015, 10:56 AM) From now onwards, any questions that can be answered by asking FSM LiveHelp or by reading FAQs will not be entertained. Yes Sir, will read up on FAQ  I wish to also exercise my rights under the disclaimer.  QUOTE(Pink Spider @ Apr 29 2015, 09:50 PM) Disclaimer -
I am not a UT agent, nor am I employed by FSM. All my comments here are posted in good faith and with the intention to share knowledge. I am not to be held liable for any losses that may be incurred as a result of following any advice/opinion shared here. I believe the same should be applicable for any other LYN members posting here.  This post has been edited by aurora97: Jun 15 2015, 11:39 AM |
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aurora97
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Jun 15 2015, 12:03 PM
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QUOTE(dirtinacan @ Jun 15 2015, 11:58 AM) How low can it go and who/what can stop it..? Hehe. Only way is to call a snap election, the current leadership need to renew (or step down) its mandate. Rakyat also confused like lalat, what more investors. This post has been edited by aurora97: Jun 15 2015, 12:03 PM |
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