The only main benefit I saw with that status is the free insurance given.
The rest nothing to be glamour about.

What's the amount of sum insured or coverage for the insurance?

Besides insurance, the other benefit will be no switching transaction fee.

If use EPF money to buy equity funds, can increase the mutual point?

Switching fee is waived for unlimited switchings between all loaded funds. In addition, administration fee is also waived for requests such as transfer of units.

But if switch from Equity to Bond still charge right?

Only switching from Equity to Cash fund is FREE. Others will need to pay RM 25 switching fee.

I guess possible as I also don't know.
I guess technically it should qualify also because that's the amount you invested also...right?
I think that need to clarify.
But your last sentence I deem as wrong unless I'm wrong myself because I thought switching from equity to bond requires no charge but if to switch from bond back to equity you'll be charged.
Equity to equity you'll also be charged, but I guess with Mutual Gold benefits, this would be waived; but not sure about reentering equity once you got out to money market.

Let say if I repurchase the fund and invest in another fund with the repurchase money, will that deduct my Mutual Gold points? Sounds silly, sorry.

This post has been edited by David83: Sep 14 2007, 11:53 AM

1. the credit card is a platinum..

2. switching fee is free across both loaded & unloaded funds (only service charges varies and it's a one time thingy)

3. you really pay attention to the baskin robbin coupons eh? hehee.. there're other coupons every now and then.

4. mutual gold seminars.. are great but pay attention to the speakers. i skipped this year's session.. location & speaker wasn't ideal. soon they'll hold it in sunway.

5. mutual gold customer service? don't hope for it.. turnover was tremendously high.

yes.. your points will be adjusted accordingly when you repurchase..
but since you're buying back into a new fund(provided it's also a loaded fund).. then your points will be added back.

but it's most wasteful to do a repurchase and then follow with a purchase.. you pay a heavy service charge (X2)

The calculation of Mutual Gold Qualifying Point is based on your initial investment of equity fund only. Bond/MM funds do not count.

If you withdraw or switch to a bond fund, the points will be deducted. When you invest additional money, your points will increase by the amount of money you invested.

If you are wondering how do they provide you with all these Mutual Gold benefits ? It's from the fund annual management fee of ~1.5% (higher for foreign funds). Say you have 100k in equity fund and PM will take 1.5k from your fund every year to cover all the expenses - admin, fund managers salary & bonus, mutual gold etc

* ppst - not quite right.. (are you a mutual gold member yourself?)
** ppst - not quite right also la.. (have you worked in public mutuall before?)

This post has been edited by lwb: Sep 14 2007, 01:52 PM

This is not true. Switch from equity to bond fund the Points still remains

Well...this is something good ....i got HSBC credit cards if + Mutual Gold...damn lot discount lor


MGQP is based on your accumulation of initial/additional investment made...only deducted if you repurchase

This post has been edited by kingkong81: Sep 14 2007, 02:44 PM

for those folks who're pondering about investing through their EPF..

you've to be quite loaded as there're pre-requisite that you've to fullfill before you're considered qualify.. i'm sure our champ pm agent (aka unit trust consultant) here can advice you on this..

mutual gold insurance is RM 1/point

Gold Mutual don't come cheap. RM100k
6.5% is RM6500

Think about it, this aint cheap

I think the breakdown should be like this:

Equity ---> Bond : RM 25
Equity ---> Cash (MMF) : FREE
Bond ---> Equity : RM 25
Cash ---> Equity : RM 25

The thing I'm not that sure will be:

Bond ---> Cash : RM ?
Cash ---> Bond : RM ?

Not so familiar with Cash or Money Market Funds. Equity fund includes balanced and dividend funds.

so you should get the second part of the equation faster

hhmnn.. quite persistently stubborn despite repeatedly stating to you folks out here..
on a hindsight, i believe you're confused with the loaded(commission) charge.. by moving from a bond -> equity

switching fee is different from a commission charge. i hope you're clear with this and read more closely.
there're forumers here who really have to know their stuff with pmutual as they have their precious stakes there.

try to differentiate between an arm-chair critics and keen investor.. (i'm telling you from a point of an investor here)

you're right.. it's not a chicken-feed sum of money..

i thanked my God that, a good plan was executed in a way that i got my entire pmutual investment free of sales-charges.. that plan was hatched in 5 years.

what i saved can actually buy me a nice car.. God's plan is wonderful, that's all i can tell you..
so there's way(s) to avoid that 6.5% (heck, it was even higher last time).. but not many will walk the path that i took.

................by becoming an agent yourself?.......kekeke

Hey everyone, i am new here.

I could see there are a lot of investment pro here. HAHA!

Any recommendation on what to invest or how to make money?