on this...
then minimum rm 100 per month
put into south east asian fund ?
is it Public South-East Asia Select Fund ?

then in future if want to sell or buy more, no service fees ?
after 10-20 years even if sell off everything also will not be taxed ? so good ?
sell/redemption no charge, profit no tax, but I think every month RM100 will be subjected to 5.5% sales charges

cos agent said wan help me get higher returns
YES, so will the higher chances of losses too...Do remember it is your call not the agent....you are responsible for your own money.

ic, hmm but since every month also subject to 5.5% interest charge, still can earn ? since market is not so good based on news xD

reply in purple xD

This post has been edited by kueks: Oct 20 2019, 12:16 PM

the stated allocation and the holdings like DBS and Singapore allocation is NOT fixed and can be changed by the Fund Manager without notice.

you need to callup the agent to confirm the no monthly sales charges of 5.5%,...preferably thru whats app or email...so that got recorded communication.
according to the product highlight sheet...there is a sales charge of each purchase.

not sure if can still earn after the 5.5% sales charge...
but if 1 time sales charge if amortise it to 20 yrs, then very little percents only.
but if 5.5% each month on each top up of RM100.......

This post has been edited by yklooi: Oct 20 2019, 12:27 PM

Direct debit authorisation also subjected to upto 5.5% sales charge. Good idea to get black and white from agent, force him to refund your sales charge.

put in Jan 100, next 12 months Jan
Put in Feb, next 12 month Feb
so on so on

since TS mentioned 20 yrs, thus if he is 35 now, then self contributing to EPF is a better option
a simple and approximate calculation only....
if put in each month RM 100 @ 6% EPF rate = RM 106 after 12 months
if put in each month RM100 @ - 5.5% SC, his actual investment value is RM100 - RM 5.50 = RM 94.50
this RM 94.50 each month MUST make 12.2% in the next 12 months to make same as EPF.
(94.50 x 12.2% = RM 106.03)
each month, each top up of RM100 must make 12.2% in the next 12 month

with this 12.2% ROI to beat each month, i think going for FD is even better than that UT thing

This post has been edited by MUM: Oct 20 2019, 12:54 PM

Every top-up by DDA or manual will also kena 5.5%. Unless your agent so good want to refund your 5.5% every month, which some PM agent do refund certain percentage for their regular, which mean they do not take much commission then. But thus far I have never encounter agents willing to give back all the 5.5%. So think first before you put in 100 monthly.

This is how to calculate the commission or service charge...

Service charge is 5.5%, purchase amount rm100:
100 / (100% + 5.5%)
100 / 1.055 = 94.79

Purchase amount = 94.79
Service charge = 94.79 x 5.5% = 5.21

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If the investment is only over 1 year, then it would be difficult to gain back the service charge plus a decent profit. This is why each purchase has to be held over a long term of many years, preferably more than 10 years, to amortise the service charge and also to have compounded growth.

Is it a guarantee that the long term investment will be better than fd or epf? No.

But no risk, no gains.

-----------

For a new investor making his very 1st purchase, there is a cooling off period, if not mistaken, of 6 days to cancel the purchase.

I didn't saw switching charge in the product highlight sheet. Is switching allowed for this fund?.


Thus, not worth to invest by using EPF money.

This post has been edited by engyr: Nov 3 2019, 09:43 AM

Switching is not allowed.

Itseemed that those funds starting with an "e-..." must be purchased with fresh money. You can't switch from another fund into them.

That was another old post, and unfortunately it is a bit confusing with the numbers and maths to read.

Maths is logical... it would be much easier to understand using a step-by-step rationality in plain English without using any numbers.

Btw the service charge in purchases via/from EPF used to be 3.5%. And you can now make purchases using EPF's own online service, and the service charge is only 0.5%.

Doing my EPF redemption online end of Oct......losing about 7k
Give up on Public Mutual FUnd liao

Consider this as a write off. With the service charge of 5.5% and the opportunity cost of 3% assuming you put it in FD, you need the fund price to go up 8.5 % for you to just break even. If this is a long term investment or if it is intended for retirement fund, would suggest you to top up in EPF.

Yup..write off...
No choice...

Public Mutual is NOT viable for investment anymore.

Money market. Daily interest. Withdraw t+1.
No commission, that why your agent won't offer u free service.

Yes, the interest into your account daily basic. You are see your money grow daily. No need wait for maturity to redeem like fd. Fd interest burn if redeem premature

Please share the name of this unit trust fund.....

Public ecash deposit. Return roughly 3.4% p.a. based on past performance. 0% sales charge.

*I am not agent, but I am using this. The fund I trust most at PMO.

This post has been edited by engyr: Nov 25 2019, 10:47 PM

Yup, the interest rate is better than HLB fd. And the best part is interest come in daily.

How the PB money market fund compared to the FSM money market fund?