Is this the time to buy kenanga growth fund?
Fundsupermart.com v11, Grexit or not, Europe will sail on...
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 Jul 23 2015, 08:10 AM
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#1
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Junior Member
19 posts Joined: Jul 2015 
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Sep 30 2015, 09:54 PM
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#2
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Junior Member
19 posts Joined: Jul 2015
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Sifus , newbie here.
Assume I purchase a unit trust with nav 0.8 with RM1k Out of sudden the next day it drop to 0.6. So my 1k now prev I can hold 800 shares now become 600 shares? Is it that mean? |
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Sep 30 2015, 10:31 PM
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#3
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Junior Member
19 posts Joined: Jul 2015
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QUOTE(xuzen @ Sep 30 2015, 10:24 PM) Buy UT A today at NAV RM 0.80 per unit for RM 1K. Total number of units (not share) bought = RM 1,000.00 / RM 0.80 = 1,250 units Wow noted. Thank you very much.If tomorrow UT A NAV drop to RM 0.60 per unit; the total value is RM 0.60 x 1,250.00 units = RM 750.00, i.e., you lost RM 250.00. Xuzen  BTW I read that the salary for the fund manager is 1% from the fund I'm holding which means if it up to 0.9 from 0.8 for nav that means I am not getting full profit of 1250 x 0.9? And also have to deduct the agent fees of 1%? |
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Sep 30 2015, 10:48 PM
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#4
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19 posts Joined: Jul 2015
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QUOTE(T231H @ Sep 30 2015, 10:43 PM) for the mgmt. fees and etc.... Does it mean that the nav that we can see is already deduct the salary for the fund manager? If yes then I get it. That means we don't have to separate out to deduct ourselves. But for the UTMC is exception right?read post # 1 point # 4 4. Annual Management Charge, Trustee Fee and NAV pricing... some funds has "redemption/exit fees", which is stated in the fund fact sheet... Sometimes referred as repurchase charge. This fee represents a deduction by the UTMC from the proceeds of disposal of an investor |
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