U can return it to ur agent & get the new form from him...but the old form usage will b ceased on 29th APr...starting 30th Apr onwards, all should use the new forms.

as reminder, the forms stated are:
1)New Cash Investment Application Form
2) EPF investment Application Form

Dun think you need an agent as this is PB product...you should find the bank officer there.

To start off, you have to buy 20g Gold 1st....

The best thing is to get the clarification from your agent. If it is true that the agent made the mistake/buy other funds without your permission, you can file a complaint to CIMB or directly to the FMUTM.


For cooling off period...usually it is only available to those 1st time investor in that particular investment bank/company. But there is certain day for you to exercise this right...

for example, for PMutual, it is 6 business days from the day of submission...if still within this 6-days, you can ask for full refund without charges....if after the 6-days, u cannot exercise this right & will have to sell-off your units & lose out in the service charged paid as well as lost incurred through daily trading that affects the price.

for CIMB i'm not too sure wat is their cooling-period, so u might wan to check it out

---

Added on April 30, 2008, 2:24 pmDECLARATION OF DISTRIBUTION FOR FINANCIAL YEAR-ENDING 30TH APRIL 2008



PIDF 2.00 sen/unit
PFEBF 1.75 sen/unit
PIADF 0.40 sen/unit


This post has been edited by kingkong81: Apr 30 2008, 02:24 PM

Yes...Cherroy is totally right on this.

As the investor still holds the right to determine how they wan their $$ to be invested.
The role of an agent is as an advisor to provide information & recommendation on the best way to manage the investor money. But the investor will stills be the one to do the decision & agent have no right to manage the investor's $$ without their consent & knowledge.

EPF Investment Fund is those Unit Trust Funds that are eligible to use savings in EPF to invest in.

However, EPF only allows their members to withdraw their money from Account 1 to invest in local unit trust funds. (i.e. funds that is investing 100% in Malaysia)

There are some withdrawing criteria which is based on age and the maximum withdrawal is 20%, with a minimum of RM1,000.

for example....

Case 1
at age 22, Mr. ABC has RM8,000 in his Account 1 (EPF)

The minimum savings required in Account 1 for Age 22 is RM5,000.

The withdrawal amount = (8,000 - 5,000) X 20% = RM 600

Therefore...MR ABC is not eligible to withdraw his money from his Account 1 to invest in unit trust.

Case 2
at age 25, Mr. DEF has RM22,000 in his Account 1 (EPF)

The minimum savings required in Account 1 for Age 25 is RM9,000.

The withdrawal amount = (22,000 - 9,000) X 20% = RM 2,200

Therefore...Mr. DEF is eligible to withdraw up to a maximum of RM 2.2k or a minimum of RM1k to invest in unit trust.

----

Besides, the withdrawal can only be done once every 3 months & any profit (capital growth / distribution) will go back into EPF...

So far EPF have managed to give out about 5.5% p.a. It is a safe place to keep your money.
But if you want your money to grow more, unit trust will be one of the investment vehicle that is available for you to do that. But in any case, investment comes with risk...same with unit trust, just that the risk is less than direct share investment.

FD is definitely another safe place to keep your $ and a puny interest of 3.75% p.a. which i doubt that it can hedge against the inflation. But i dun think u can take your $$ from EPF to put in FD though.

If you want your money to grow...investment will be one of the best way...Unit Trust is one of the easy one....
There are others as well like share trading, properties..etc.

This post has been edited by kingkong81: May 1 2008, 10:26 PM

Yes...you can buy other PM Unit Trust Fund from another agent.

But your new agent cannot help you monitor the previous funds bought under the old agent, as d database will only be visible to the agent's own clients. But the new agent can still help you to look into it by getting a statement printout fr PM branch.

Sometimes it might oso b good to get 2nd opinion fr other agents, especially if you r not happy wif the previious agent.

yeah, it might be quite tedious too look back one page by one.
Maybe u can try to filter out using some keywords to help on find the relevant discussion.

With more ppl getting interested in Unit Trust Investment...i do hope that this is a sign that more people are aware on the needs to have a proper financial management plan for their future.

The distribution payout was affected by the recent market downturn. Therefore, the PM can't announce a higher distribution for this PIADF. As the fund started of in early May 07 where most of the stock prices are surging up, the downturn later in the year will definitely affect it more. In this period of times, all the funds are affected.

In terms of percentage of return from the dividend...a simple calculation based on the 25sen initial offer price..the distribution payout is about 1.6% or so.

The fund seems to move up much slower compared to other older funds (2yrs above)...might be bcoz its fundamental is not as strong as those olders one. It is definitely quite a dissappointment when its performance on the early part of the year is quite promising.

Since u mentioned u bought it in Aug 07...i suppose during that time d price is quite high (between 0.27+?). If you plan to sell/switch out now, u might b losing quite a bit. I personally still think that this funds has it own prospect in coming years. Therefore, the best thing to do might be to do some constant small amount of top-up to average down your cost price. Else, you might wan to consider switching out to another fund with a better growth prospects.

Get in touch wif your agent and hav a discussion wif him/her

This post has been edited by kingkong81: May 6 2008, 10:05 PM

In this case...you can try have a look at a few funds like PFEDF ( ), PRSF or PITTIKAL. These few have been giving quite a constant & considerable annual distribution returns.

To me, i will give PIADF until this year end to see how it is going to fare before deciding to switch out. As i'm still quite confident in Asia market growth...then i'll see how the Fund Manager going to manage it till end of the year

Juz another point...the funds' prices might b way above its offer price last time, like PITTIKAL is at RM1+/unit. But the price is not wat we are looking at...it is the percentage of growth that the fund can brings in. Fund Manager will constantly give out distribution as well as unit split to investors in a way to make the price lower & more attractive to other new investors. So, dun only look at the price