I sold all my Malaysian bonds already.

Can somebody explain to me whether or not there are fees to be paid for switching? Say, I switch from Affin Hwang Select Balanced Fund to Affin Hwang Select Opportunity Fund. Can I switch between the two every now and again with zero fees?

How long does the switching process takes? If say it takes 7 days, will the initial fund continue running for those 7 days, or will it be taken out/removed and then for a few days in between you don't have any active funds collecting gains/losses?

So it appears most funds from most companies have no switching fees...is that correct? I am reading the prospectus of certain funds, like those from CIMB, and they contain this extremely ambiguous line:

"Since switching is treated as a withdrawal from Class MYR and an investment into another
class or fund, you will be charged a Switching Fee equal to the difference (if any) between the
Application Fees of Class MYR and Application Fees of other class or fund. Switching Fee will
not be charged if the class or fund to be switched into has a lower Application Fee. In addition,
the Manager imposes a RM100 administrative fee for every switch made out of CIMB-Principal
Funds. The Manager also has the discretion to waive the Switching Fee and/or administrative
fees."

What does CIMB mean by that?

Also, if there is no switching fee on FSM for a certain fund, would it be the same on other unit trust management platforms such as M2U?

If there are switching fees involved, is it solely the responsibility of us to find out (by reading prospectus etc), or will the fees be stated on whichever platform you do the switching (FSM, M2U etc)?

Guys, if I put in RM1000, RM30 which is sales charge and so RM970 is the net initial investment.

How should I calculate my returns after one year? Do I minus 3% from the 1-year performance of the fund (for example, let's say it is 5%)? From second year onwards it is easy - my returns is the same as the returns quoted by FSM/Bloomberg etc. But I'm just wondering about first year returns since it has sales charge.

To confirm, does repurchase charge mean the fee you need to pay when you want to sell off your stake in a unit trust? Is it the same thing as redemption fee?