How does Public Mutual fund work? A guy at work wants me to get in on it, but I'm not sure.

If I put in say 10k into a mutual fund account, the bank will buy some shares in certain industries for me, and hopefully the price per share will go up after a few years/10 years?

What then? How do I sell the shares I have? Can I just go to the bank and say "hey I don't want my account anymore, please give me all my money", and I'll get the all the money + the interests I've earned right away?

while waiting for more value added responses...
try read this to have an idea.....hope it helps...
http://www.publicmutual.com.my/Resources/U...ns/Lesson1.aspx
http://www.publicmutual.com.my/Resources/U...ustLessons.aspx

regarding this..." and I'll get the all the money + the interests I've earned right away?"
well, there is a possibility of losing all or part of it too.....
yes, you can sell/redeem them right away...but the monies will come within a few working days...
unlike ATM machine...can draw money on the spot.


This post has been edited by T231H: Aug 2 2015, 10:22 PM

First of all, there's no direct shares and bank involved.

You're actually buying or investing into a fund. The fund manager will buy certain counters in the exchange based on his/her research/strategy. You have no control over what or when the fund manager is going to buy or sell.

When you buy a fund with a certain amount, what you get is number of units of that particular fund.

Should you choose to hold or to sell, it depends on solely on but once you buy into a fund, you have to pay for the service charge. Public Mutual charges up to 5.5% for equity fund. Therefore, if you choose to hold for number of years and sell it then, what are you gaining is the fund price (NAV) appreciation plus what so ever dividend/distribution that they declared (reinvestment option).

I'll suggest you to sit with one of the agent and understand on how unit trust/mutual fund works first before committing into any purchase.

Hope a nice day. Good night!

Good you ask question..but you need do more homework.

UT is not a guarantee you can gain profit there involve of risk.

UT have 3 type of fund category : equity , balance and bond.

You can find this at 101 Basic Unit Trust.

If you want seminar you can go PM UT product launching..

Or you can go PRS they organize every month of PRS seminar which include basic understanding UT. Repeat every month..good for beginner. Food provide also 1/2 day talk at Securities Commissioner. Not everyday ppl can walk inside.

They are professional and certified trainer in financial institution .
www.ppa.my/ppa/information-centre/seminars-events/2015-5/

You ask here, you can't see all the big picture.


Or someone from PM agent will contact you to explain for you.
.

This post has been edited by felixmask: Aug 3 2015, 12:18 AM

"Public Mutual is launching a new fund, Public Select Treasures Equity Fund (PSTEF), on 22 July 2015. The Fund is positioned to achieve high capital growth over the medium- to long-term period by investing in a portfolio of investments comprising medium- and small-sized companies in terms of market capitalisation from diversified economic sectors."

http://www.publicmutual.com.my/LinkClick.a...MHQ%3d&tabid=87

Launch period: 22 July - 11 Aug 2015.
Financial year end: 31 August
Distribution Policy: Incidental
Benchmark:
70% FTSE Bursa Malaysia Mid 70 Index;
20% FTSE Bursa Malaysia Small Cap Index; and
10% 3-Month Kuala Lumpur Interbank Offered Rate.

===================

In comparison to 4 other funds, of which the 1st two are closed.

1) PUBLIC ISLAMIC OPPORTUNITIES FUND (PIOF) - closed to new investments.
Benchmark: TSE Bursa Malaysia Small Cap Shariah Index
YTD performance (31st July 2015): 9.70%
Benchmark YTD: 8.38%

2) PUBLIC ISLAMIC SELECT TREASURES FUND (PISTF) - closed to new investments.
Benchmark: customised index based on the constituents with market capitalisation below RM6.0 billion within the FTSE Bursa Malaysia EMAS Shariah Index.
YTD performance (31st July 2015): 11.71%
Benchmark YTD: 10.06%

3) PUBLIC STRATEGIC SMALLCAP FUND (PSSCF)
Benchmark: FTSE Bursa Malaysia Small Cap Index
YTD performance (31st July 2015): 6.26%
Benchmark YTD: 6.89%

4) PUBLIC FOCUS SELECT FUND (PFSF)
Benchmark: FTSE Bursa Malaysia Mid 70 Index
YTD performance (31st July 2015): 4.92%
Benchmark YTD: -1.65%

==================

Comments:
The new fund, PSTEF, is comparable to PISTF as the target on small- and mid-cap stocks. And maybe to fullfil demand for a small & mid-cap fund as PISTF is closed.

Hi PM agents, last time PM agents told me PM cannot accept standing payment from other banks. Has this been improved ? It is a real pain as i need to maintain a public account back account which mostly inactive.

hello,

for those gold member- you attend their Gold Seminar got free stuff? interesting or not?

this sept 5th got one... thanks

I have been using Maybank for monthly SI since 2011

Some are interesting, some are not. If you really have free time, attend. Else, it's more like marketing talks.

TS are you an employee of Public bank? What are the types of mutual fund offered and the promised ROI?

- No, I'm not associated with Public Bank or any other banks.
- See their official website and look under "Our Products" http://www.publicmutual.com.my/
- In any investment, it does not matter what the promises were. The more important point is whether to believe in the promises.

Browse through the 1st 6 pages of this thread, it can give a rough idea what unit trust is about...

I just invested with my EPF!
great consultant i can recommend if you dont have one..

how many consultants had you experienced before?
how do you know he/she is great?
what do you mean great?
what must he/she do to be great?

Hi guys,

Got a noob question here, if have been answer before, please point to me the right place.

Let's say the fund I invested have distribution, can I know
- How does it works? The calculation and pay off etc.
For example if the distribution is 1 cent for the financial year end.

- After distribution, the NAV value will be affected and adjusted right? (From what I read from the fund report)
If the fund was @ 0.2590 before distribution, after distributions will be adjusted 0.2490?
So if I bought the funds @ 0.2590, after the distribution is @ 0.2490, does it means I lose 1 cent on NAV?
Or does it increase my holding units instead?

Appreciate for the reply.

Sorry if I can explain myself clearly.

This post has been edited by poi2005: Aug 13 2015, 10:31 AM

So if I bought the funds @ 0.2590, after the distribution is @ 0.2490, does it means I lose 1 cent on NAV? Or does it increase my holding units?

If you choose reinvestment, after distribution is exercised, you'll get additional new units in accordance to distribution amount reinvested at the NAV.

This post has been edited by David83: Aug 13 2015, 10:25 AM

Thanks for the reply.

So for example, is something like this right
If I originally have 1000 units in hand @ 0.2590 = RM259, after 1 cents distribution 1000*0.2600 = RM260
After distribution, it become RM260/0.2490(adjusted NAV) = 1044 units.

Please do correct me if I am wrong.

If I cents is the nett distribution, then you're correct.

Some fund houses may still using old distribution mechanism.

Understood, just assuming the 1 cent is net distribution, easier to calculate

Thanks for the explanation. Greatly appreciate.

I printed my epf stmt recently n it showed amt deducted pmt to public mutual fund in yr 2003..I visited their office there is no record in their system of my investnent!My money just dissapear thru thin air?..Anyone can enlighten?

this involves your monies, EPF and PM...best is that you contact their customer services directly to get a clear resolve...