It is not 2 categories but rather a2 separated fund, name might be appeared quite near, but it is 2 individual separated fund.

Yup, only his/her agents can answer the question.

Already called the hotline, they too asked me to speak to my agent. But they also explained that 'dividing' is a common practice in order to protect from any loss. So I called my agent and he explained pretty much the same thing to me. I have already scolded him and told him to explain to me if any changes were to be made in the future and to fix my name!!! Haih... I'm still sticking with the investment anyway as I am quite confident with CIMB.

And thanx for all the feedback

They cannot do it like that, it is violating the rules big times, agents cannot be try to clever. If the client wants ABC, UT company or agent cannot give ABC and ABCD.
Otherwise, next time, they can simply put your money elsewhere. It is serious stuff, don't take it lightly. It is scary to hear also. Your money being contolled by others without your knowledge and consent. Next time, then park it to where also don't know.

You can complain to BNM or FMUTM.

Hope your problem fixed and if can kind to share with us, why it is done in this way.

Cheers.

This post has been edited by cherroy: Apr 30 2008, 02:38 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.

Well, I'm not sure if this is the case, but it is just my opinion by reading your post.
It could be that your agent "misinterpreted" what you said, because you mentioned "DALI equity fund", without specifying if it's Growth or Theme fund. Your agent is unprofessional because he should have asked for clarification.

Actually, cooling-off period is for all fund (new and existing), but only applicable to first-time investors in the company.
Since shikuzika has received the statement, it should have been more than 6 business days, which is the usual timeframe for cooling-off.
So, there is no choice now but to stick with it and ride the flow

well... hi! TS, i think this is the most suitable thread to write here

just read on 1st page and now i wanna start investing but stock exchange is not the idea bcoz it need some knowledge and experience (read it at other thread)
then now i wanna put my money in unit trust. is unit trust something like stock exchange whereby got share go up and down
i think of PB mutual, how many funds do PB mutual have inside
thanks,
regards

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Added on May 1, 2008, 5:29 amoh! ...and also which is the best

This post has been edited by ! Love Money: May 1 2008, 05:46 AM

Thanks.... your information is very fast..

Well, the lady who answered my call at the customer care hotline didn't say anything about complaining. Plus my agent is my friend so I really can't complain. But I have really told her off and told her that if it happens again, I'm switching to another agent for future investments and will advice against her to my friends who are also interested in investing. I doubt she misinterpreted what I said, since she only promoted the theme fund to me in the first place. She said nothing about the growth fund.

So finally after getting two other opinions, from another friend and the hotline lady, I decided to stick with the two separate funds. I signed up on the 15th, my transaction date is the 21st, the statement was dated 24th April, but only reached me on the 30th This is really shabby for a company which claims to be the top investment plan in Malaysia... But maybe it's my agent again... Haihhh...

Hi, it is very true that in stock market, you not only need the knowledge and experience, but you need a lot of time to monitor too.
Most unit trust funds invests in stocks, which are called equity funds, and the value will go up/down according to the shares that they hold.
For Public Mutual, we have around 60 funds to choose from, which are divided into PB or Public series. You can refer to newspaper under the unit trust section in business. It lists all the funds available in Malaysia.
There are no guaranteed best funds, because their performance will depend on the investments they hold. The best fund for today could be the worst for tomorrow, so we do not guarantee anything. Unless you are asking about Public Mutuals's best fund based on history, I would say Public Ittikal. It has won the most awards under the Islamic funds for years.

'best' can mean different things, but a place where you can get info about different fund managers and compare fund performance is http://www.invest.com.my/personal/funds/price You need to subscribe to get access to the additional features, but it looks like that's only to help you keep track of your investments - something that you can also do on a PC.

Another site which compares across Fund Managers is http://www.osk188.com/unit_trust_index.jsp

Past performance is of course no indication of future performance. But you should also be cautious about funds with a history of bad performance.

Frankly speaking, there are a lot of limitations in investing into the local stock market.

Some of them are political in nature, government policies towards Business, Foreign Funds' perception of our market, and the quality of stocks concerned. The second board companies, many are of low quality would be soon merged ( promoted to ) with the main board.

On the other hand , it is not easy for a starter to invest directly in oversea markets. Also if you do, the capital is quite big. There could be tax on capital gain which you may not aware of and currency risk too.

Therefore, investing through unit trusts if there are potentials in oversea markets seems to be a good choice. Of course there are risks too.

Just my 2sen opinion. Not promoting unit trusts here.

This post has been edited by SKY 1809: May 3 2008, 10:09 AM

Invest in Fund. You paying and feeding those fund managers.
Go and learn how to invest yourself.

For investment purposes : Buy good stocks like Visa and ETF or Long 2 years Options.

For Trading : stocks, options, forex, etf, so many...

Here are some info about how good Visa is..
http://investmentaction.blogspot.com/2008/...ard-ipo-39.html

lazy read newspaper 1 day go and ask
@ jordy
wat is EPF investment fund, like TS i plan to take my money from EPF to put in FD
possible any alternative to make my money grow more

But not everybody wants to do investment themselves.

Some don't have the time, some don't have the level of knowledge, some are just not interested, and some don't consider reading blogs to be the same thing as "learn how to invest yourself". If those blog writers know how to pick good stocks consistently, they would not be writing blogs and telling you about it.

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

thanks for ur time to help me. i will consider


This post has been edited by ! Love Money: May 2 2008, 09:09 AM

To know how much you can invest using EPF, just logon to KWSP website and it will shows you your max investment yo can afford to take out for UT investment.

Hi all...wanna ask i hv start buying Public mutual fund last yr with an agent tat is still newbie and even i ask something regarding the fund,she still cannot answer me definitely....so if nxt time i wan buy another PM fund..can i buy with other agent?

thanks...

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.

Oh..that's good!! thanks for ur reply....

If nxt time i interested on any PM Unit trust Fund,isit can find u?

TQ!