Account 1 right?

Thanks for the info.
Will go through it later.

Back to Acct 1, not 2.




This post has been edited by ScooterBoi: Aug 29 2019, 01:40 AM

The question should be whether he is any good. If he is good, then gladly pay the sc.


This post has been edited by ScooterBoi: Aug 29 2019, 01:43 AM

Beg to differ. Why still wanna become full-flegded agent who is tied to one principal when in the CUTA rep can have access to multiple fundhouse instead of one fundhouse?

The reason why epf launched this is to slowly eliminate tied agent, eventually, it is fsm who wins as they are the one who developed the epf e-mis for epf. Not only that, there r other moves that they hasn't play yet. Stay tune for the next update probably by end of this year.

No use if agent is good but fund is not performing. Bottom line - the fund still need to perform. Hence the importance for customer to have choices to select a better performing funds.
If better funds is at 0% sales charge, why pay sc for lousy funds?

Epf did a good job.
I bought pb fund 8 years ago. My agent didn't contact me for past 7 years. She is enjoying carrier benefit without doing anything.

It is time to eliminate bad agents by reducing the sales charge and management fee.

My PM agent resigned without notifying me also.

That's normal. It's all about income rather than customer's benefits. Customer need to stand up for their own right

As stated in the article, through epf's i-akaun and i-invest, the full list of funds under the epf-mis scheme is available to epf members and the service charge is capped at 0.5%.

It is not tied to any one particular fund house.

As it is currently, i-invest has links to the member's epf account 1 or 55 and/or emas, and the purchases can be done without the aid of any agents (whether he/she is representing one or multiple fund houses) and without manual forms.

By 'full-fledged agent', it was meant to say that epf could, in near future, also accept cash purchases from its members... linking their i-invest to the members' bank accounts too.

Has anyone done any purchases throught EPF i-akaun?

I have registered into EPF i-Akaun today.

You can get the temporary user id from a epf kiosk... located in banks like UOB or Bank Rakyat instead of going to a epf branch office.

Make sure epf has your correct mobile number, as the temporary password will be sms to you. (The sms is quite slow, I have to wait about 2-3 minutes before receiving it.)

Then you need to activate it using the temporary id and password... at this webpage
https://secure.kwsp.gov.my/employer/employe...untactivation?0

After activation, where you change the id and password and fill in a phrase word... you login into i-akaun
https://secure.kwsp.gov.my/member/member/login

You would be asked to comfirm your mobile number by requesting a tac to be send to you.

Inside i-akuan, there are several tabs... one of them is "Investment". It will bring you to another site.

I have only explore it a bit... there is a fund selector, group by fund houses... and yes, the service charge is 0.5%.

Did not go all the way through in completing the "buy"...

=========

I would presume that if say a new fund is purchased from Fund House A, you will have an account with Fund House A.

If Fund House A has online service as like Public Mutual Online, you would then register into the online service to keep track of the fund and to switch to another fund or sell it. Switching and redemption fees will be applied as normal to that fund house.

If several fund houses are selected and the purchases were done and completed, you will have individual accounts with each fund house.

In Public Mutual, it would be safe to assume that any purchases done by epf i-akaun, if the fund is an existing fund you already have, a new account number will be created for that fund. Hence, same fund, 2 separate accounts to indicate who is the agent.

Public Mutual declares distributions of RM134m for 11 funds

It said on Friday the gross distribution for the Public SmallCap Fund was two sen per unit, Public Select Treasures Equity Fund 0.50 sen, Public Strategic Growth Fund 0.75 sen and Public Sukuk Fund 4.25 sen.

As for Public Indonesia Select Fund the distribution was one sen per unit, PB China Australia Equity Fund 1.25 sen, PB Asia Pacific Dividend Fund 0.75 sen and PB Indonesia Balanced Fund one sen.

Public Mutual said for PB Islamic Equity Fund it was 0.25 sen per unit, PB Sukuk Fund 5.25 sen amd PB Bond Fund 4.75 sen.

Read more at https://www.thestar.com.my/business/busines...cVqdE8ic4LQz.99

This post has been edited by CardNoob: Aug 30 2019, 06:28 PM

Hi all,

I recently noticed that dividend gained from our fund is now contributing to our MGQP?

Investments and distribution reinvestments for
partial-load units,
low-load units and
zero-load units are not entitled for MGQP.

Computation of Mutual Gold Qualifying Points (MGQP):
...........
...........
https://www.publicmutual.com.my/Priority-Se...ces/Mutual-Gold

Have just checked the MGQP tab, and surpirisingly, the points are higher than previously.

The increased in gold points tallys with the reinvested distribution (in RM amounts) since 01/08/2019.

(You can do an advance search to filter out the "DR" transactions.)

Thanks!

It seem like bond funds violate like equity fund.
Any comments?


This post has been edited by engyr: Sep 25 2019, 06:45 PM

Yes, the bond funds were falling since 17/9, and dropped sharply last Thursday, 19/9, with PIINFBF dropping -0.49%. and reversing its 0.43% rise on 15/8.

It seems to be back on the uptrend yesterday, with Public Sukuk +0.05%. The infrastructure bond funds would have similar increases when their nav price is known later this afternoon.

I can't relate the rise and fall to any singular market event, other then market demand in general which causes the price movements.

(BTW the above performance chart is from Public Mutual Online... within the "Fund Analytics" tab. You can select several funds for comparison.)

Were you referring to the differences between purchases done from account 1 and account 55/emas?

(Account 1 is for those yet to reach age 55. Upon age 55, account 1 and account 2 will be combined into account 55.)

Yes, if before age 55, any withdrawals will be reverted back to EPF and back into account 1. Am not sure whether you have the option to cash out the income distributions, as the default option is "re-invest". If there is option to cash out the income distribution, it will revert back to EPF too.

If the purchase of the fund is from account 55, then it is unlike account 1 and the purchased fund will not be marked as "EPF scheme".

For those age 55 and above, they can buy mutual funds directly via EPF's i-akaun instead of making cash withdrawals from EPF and then making the purchases via agents.

I can safely assume these purchases will be treated as cash purchases, and any withdrawals and 'cash-out' income distribution will be paid in cheques or into the fund holder's bank account; since when the fund holder turns 55, his "EPF scheme" funds will change and marked as "cash scheme".

My in law want to support his relative, and instend buy ut for my child. So I no idea which public fund to go. Prob is the relative still new. My in law plan is just monthly rm200 for maybe 5 years.
So any sifu suggestion.