frankzane was asking about declaring taxable income from dividend..just for info XD

Of course if you don't want to declare also no big deal. LHDN won't come chasing after u to give u free money! Someone will prolly spend it on diamonds/ submarines and what not

Thanks for all the answers. I shall start investing in FSM then.

One more thing, can I invest in Public Mutual via FSM when I already have my PMO? If yes, what are the difference between them?

FSM no sell PM funds..
PMO can buy/sell other FH funds?

Nope, Public Mutual funds are only distributed by their exclusive agents. Not distributed by IUTA and CUTA as far as I know

Difference of PMO and FSM?
Sales charge - 5.25% vs 2% or lower
Choice of funds - limited to PM funds vs a wide range of funds across different asset management companies and switching enabled between different asset management companies as well (some subject to charges)
User friendliness of the website - I don't know about you, I find fundsupermart much better with wide range of articles and research reports, charting tools and simulators
Fund returns - This one very hard to compare la, have to compare those from the same range etc. But when I sort morningstar results by 5 years annualised returns, PM funds hardly even show up on the first page or top 20...

Is that enough reasons for you to consider FSM?

FSM CMF vs Phillip Master Money Market Fund (PMMMF)

the thing i like about PMMMF is T+0 same day redemption while FSM CMF is T+3.
anything i overlook?

Benefits for Investment into PMMMF
Benefits as an ideal alternative cash management instrument due to the following reasons:
  1.
Tax-exempt
  2.
Aims to preserve capital
  3.
Same day redemption (T+0)
  4. Liquid underlying investment
  5.
No penalty for early redemption
  6.
Monthly distribution
  7.
Seeks for high return
Tax-exempt
Income / dividend derived from PMMMF are tax-exempted.
Aims to preserve capital
The price for PMMMF per unit of investment is fixed. Unlike Net Asset Value (NAV) based Money Market Funds. This means that although PMMMF has some investment in bonds, its investors are protected from the daily fluctuation of bond prices.
NAV-based Money Market Funds do not have fixed prices and their investments in bonds are 'marked to market'. This means that during volatile interest rate scenario or uncertainty over the direction of the interest rate (trend), investors of NAV-based Funds are vulnerable to the swings in the prices of their investment. An investor investing in such Funds will then have to monitor more closely the direction of interest rates as putting in money in such Funds at the wrong time may bring about capital losses rather than capital gain.
In general, investors investing in fixed price Money Market Funds may not need to worry about losing their capital or the fluctuations in the market value of their investment.
Same Day Redemption (T+0)
PMMMF's redemption settlement policy provides that funds must be transferred back to investors on T+0 itself (Provided the redemption submitted before 9.45AM). Although there are other Funds (NAV-based) which claim investors can redeem the investment and get back their money on the same day, this may not be possible because of the Forward Pricing methodology. Under the Forward Pricing methodology, the NAV per unit of the Fund will be determined at the next valuation point (normally after 5pm) upon which the request for redemption is received. At that valuation point, it will be too late to effect any telegraphic transfer of funds.
Liquid Underlying Investment
>90% of PMMMF's assets are in cash deposits, making it one of the most liquid funds available. Most other Funds in the market have less than 90% in cash deposits, making them more vulnerable to sudden redemptions of material/ significant amount.
In a sudden adverse change of interest rate trend, a Fund having significant investment in less liquid assets such as bonds and Commercial papers (CPs) may find it difficult to sell off these fixed income instruments at good prices. This will in return affect the Fund's ability to refund money to investors on T+0 when there are redemptions. For a NAV-based Fund, this may result in capital loss to investors who happen to be unfortunate enough to have to redeemed their investment under such interest rate change (spike).

FSM CMF vs Phillip Master Money Market Fund (PMMMF)

the thing i like about PMMMF is T+0 same day redemption while FSM CMF is T+3.
anything i overlook?

In my opinion, eunittrust is only good for those 0% service charge promos which FSM doesn't have. 

In my opinion, eunittrust is only good for those 0% service charge promos which FSM doesn't have. 

Where I can get a chart of the historical performance of it, compare to FSM ones at least !

FSM CMF vs Phillip Master Money Market Fund (PMMMF)

the thing i like about PMMMF is T+0 same day redemption while FSM CMF is T+3.
anything i overlook?

T+0 rocks, CMF totally cannot compare.

they advertise on thier main page its 3.5%.

dont know how it works as its not NAV based.

If all insist to compare (hope I will not bombarded after this  ) but this is the 5 year chart.

Orange = Philip Master Money Market Fund

Blue = RHB Cash Management Fund 2

T+0 rocks, CMF totally cannot compare.

ha-ha...T+0...haha...yes,..ROCK.....by the time the cheque reaches your house, the face will become ROCK 

yes CMF cannot compare...it goes by GIRO.... 

ha-ha...T+0...haha...yes,..ROCK.....by the time the cheque reaches your house, the face will become ROCK 

yes CMF cannot compare...it goes by GIRO.... 

Hmmm this is hitting the nail on the head.

i received a reply from phillip

Hi,


If you submit before 9:30am, you will receive the money in your account in the afternoon on the same day.

Cannot find any information on RSP, so I ask a few question about PMMMF here (hopefully wont be bombared by sifu here )

1) When you invest, how long does it appear in your holding?

2) From the previous performance chart, it seems like crediting interest to you at the end of each month rather than continuous performance like NAV.

3) If you do RSP, can PMMMF served as a platform to RSP from there to the fund you want to invest similar to how CMF function?

Cannot find any information on RSP, so I ask a few question about PMMMF here (hopefully wont be bombared by sifu here )

1) When you invest, how long does it appear in your holding?

2) From the previous performance chart, it seems like crediting interest to you at the end of each month rather than continuous performance like NAV.

3) If you do RSP, can PMMMF served as a platform to RSP from there to the fund you want to invest similar to how CMF function?