No charge because you're switching your loaded units to an equity fund. Correctly me if I'm wrong.

Meaning that, if I switch RM 5k worth of NAV from PAIF to PISBF i need to pay RM 25 and when I switch back RM 5k worth of NAV from PISBF to PAIF its free? Sorry coz asking so many question. Need to be clear in this.

Yes, provided is the same loaded units

same loaded unit = in term of amount of unit when switch

or

same loaded unit = in term of NAV value when switch?

Loaded units mean units that has been charged for 6.5% service charge.

You may not able to switch in the exact amount since the price are different. You may left some loaded units in your bond fund. Let say, 5 or 10 units depending on the NAV.

Sorry bro, not quite understand.

So switching is in term of 'unit' and not NAV. Let say i switch 10k unit of PAIF (loaded unit worth RM5k NAV) into PISBF, then when i switch back to equity the MAX amount is RM5k worth of NAV of PISBF?

Sorry for confusion ... let's forget about the number of units.

Just tell your agent to perform a switch of units worth RM 5k of NAV. They will do all the appropriate calculation for equivalent number of units.

Yeah, I also think easier like this. Thanks for all the replies.

Low price maybe you get 1% more or lower service charge.

In conjunction with the introduction of new SEA fund from PM. PM has prepared a nice article on SEA potential growth.

Riding on ASEAN's Growth Potential

It's a two-page article and available at http://www.publicmutual.com.my/article.aspx?id=6306

Happy reading.

have a question,hope the bond fund senior can answer me,are bond fund and money market fund's distribution also subjected to the 28% goverment tax?

Official release on PM PSEASF:

http://www.publicmutual.com.my/page.aspx?name=pseasf

wait.. it's not free for switching to and fro..
remember.. you'll still have to fork out the $25 ticket each time you hop onto the switching bus..

so "free" is only on the perspective of sales commission/charges.

if only you manage to accumulate to a mutual gold status.. then each switching bus ride is free (for now)

dividend/distribution on a unit trust should be the least of your concern.. because of 2 factors
1. ex-dividend/distribution price equalization
2. dividend/distribution is already nett of tax for unit trust

alot of folks don't get the price-equalization concept right.. i've seen lots of them treating it like real stocks/shares and opt for redeeming their distribution/dividends unit.. it's a bad move actually.

No. Switching from loaded bond into equity does not need to pay RM25. I have done this few times for the past few weeks

are you absolutely sure? (it's a rapid kl style..? round trip ticket?).. i'd like to confirm that the next time i make a call to pmutual.. (did you find out from the officially?)

My agent is keep saying that my switching from PSBF to PFEPRF will impose RM 25 fee.

I'm a little confused now.

I am now outstation till weekend. I have left my statement at home. Will double confirm with you guys. But if memory and eye sight is right, it should be correct

no,i am not mix,just i think,if bond fund's distribution need to pay goverment tax like equity fund,then i will invest in bank and insurance company's saving plan instead,28% tax on distribution is high.

have already provided you the answer.. read carefully. the keyword was "nett"