hi sphiroth!

money market fund dont need account. as long u are investor wif that company, u can switch from any funds to any other funds. If your investment is cash, you get FREE 2 times switching (equity to equity or equity to bond). I assume this is first time switching from equity fund this year? if yes then switching to money market fund is FREE. Wait till election lor.. after election quickly switch out to lock in profit.

When market reaches 1380, there might be correction. Temporary but with election coming, market still got potential. After that, better be safe & lock in profits ya hehe

just my 2sen worth hope it helps

cash investment u can also switch to overseas fund. But if u invest in local funds, yes u gotta be ready for the election thingy

in one year, investor are entitled to 2 FREE switching (equity to equity or equity to bond/MMF cos when u invest in equity u already paid 6.5% sales charge)

so in one year, after the FREE 2 times switching.. the 3rd time onwards will be charged switching fee of RM25.

If the first time u invest in bond, then u wanna switch to equity, then will kena 4.5% sales charge.

Always check with the comp or ur agent about these charges.. cos these are borne by investors.

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Added on October 7, 2007, 1:10 amyes. if u invest in overseas fund, even if KLCI crash, the fund not so badly affected. Unless the regional got correciton lor.

Cash investment can invest in overseas funds, and can do switching between local funds and overseas funds. New ruling is that EPF cannot invest in overseas funds nor perform switching from local funds to overseas funds. So there are a little difference between EPF and cash investment

This post has been edited by nissin: Oct 7 2007, 01:10 AM

hi david83!

yes. this applies for all UT companies. EVery year investors get FREE 2 switching. per fund per year. This is stated clearly in every fund prospectus.

u are rite about bond have to bear 4.5% if switch to equity. This only happens if in the first place u invested in bond cos u only pay 2%.

whereas, if u invest in equity in the first place, and wanna switch to another equity fund, there is no sales charge involved. And this is first FREE switching in the year alone. RM25 is charged as switching fee, not part of sales charge involved in switching between funds.

Switching fee is different from sales charge.