Hi guys. I got an offer from CIMB for their unit trust fund. Basically I can invest 50% as FD and 50% for UTF and I'll earn 6.88% on the FD for 3 months. The sales charge for the UTF is 3%. This is new to me so I did some googling and found out about fundsupermart. Sales charge is only 1%! Is there any catch?

I'm thinking of placing 20k in the FD and 20k in the CIMB Principal Asia Dynamic Income fund. Even with the 6.88% 3-month FD, the 2% difference in sales charge is significant. That's RM400 I can save.

So all the sifus here, what do you think? Is there any advantage of placing directly through CIMB over fundsupermart? Is FSM reliable? Convenience in terms of placement and withdrawals?

Thanks man. Seems like FSM is pretty reputable among you guys. I know equity funds are high risk, but I think I have enough funds around to invest in riskier assets instead of the FDs I usually have. 20k is still ok for me, I think. The fund has been performing really well, but that's also part of my skeptism as well... The dip could be right around the corner.


1% is really low. I may just take this opportunity while it lasts.

Damn. The CIMB promotion is also until tomorrow only.

Anyway if I sign up as a member I still get to enjoy the 1% SC for one month from join date so its OK. At least that's what it says on the registration page.

This post has been edited by QuickFire: Jun 29 2015, 09:59 PM

http://www.exchangerate.my/promotion/CIMB-...Bundle-Campaign

To be honest its nothing that great, but just thought 6.88% for 3 months isn't bad. But when I see the SC of 1% from FSM the bundle doesn't look good anymore.