Hye... i have some extra money in the bank which i don't want to use up and my sister, who has already invested in public mutual trust fund advised me to do the same. my friend who is working with CIMB wealth advisors advised me to invest in DALI. is this wise? any opinions welcomed and greatly appreciated

This post has been edited by shikuzika: Apr 14 2008, 06:35 PM

NEED HELP FROM ANYONE WHO KNOWS ABOUT CIMB WEALTH ADVISORS

I recently signed up for th DALI equity fund. I started with 10k. My confirmation statement has arrived, and here's what it stated:

CIMB ISLAMIC DALI EQUITY GROWTH FUND
Gross Amount (RM) 5,000.00 / Charges (%) 0.00 / Charges (RM) 305.16 / Net Amount 4694.84 / Unit Price (RM) 1.0398 / Units Credited 4,525.14 / Balance of Units 4,515.14


CIMB ISLAMIC DALI EQUITY THEME FUND
Gross Amount (RM) 5,000.00 / Charges (%) 0.00 / Charges (RM) 305.16 / Net Amount 4694.84 / Unit Price (RM) 0.2549 / Units Credited 18,418.36 / Balance of Units 18,418.36



How come in the Charges (%) it says 0.00 but in RM it states 305.16???
What is the difference between growth fund and theme fund?
I only agreed to purchase the RM0.2549 units. Why did my (what do I call the agent?) signed me up for two separate funds???
Is there any negative or positive effects to all this? Help!!!

This post has been edited by shikuzika: Apr 30 2008, 12:31 PM

being conned or the agent trying to be clever - This is exactly what I thought.
And it was all very unprofessional. They even spelled my name wrong!!! I looked at the website, still no clear explanations between the two funds. I think I'm going to call the care line and find out what's happening... Haih, these people, really taking advantage of amateurs like me...

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

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...