Correction.They charges 2%. 0% only when got promo. All fund house pay the seller a certain % for selling their funds.

Hear hear, I agree. The eUT is like something by-the-way kind of biz for them. I suppose they make more money doing asset management for client than being just a supermarket / platform for client.

By being the fund manager, they charge 1.5% of NAV, whereas as a platform, they only charge 0.1X%, which is one-tenth of the former.

Xuzen

Have the following funds ever been in the 0% promotions? Trying to decide whether to wait for 0% promotion or bite the bullet and pay sales charge.

CIMB-Principal Global Titans Fund
CIMB-Principal Greater China Equity Fund

No, never see before.

In fact Cimb greater china is said to non-tradeable online. Basically can't buy online.

You can consider Eastspring dinasti as a replacement for cimb greater china. In fact, their performances are very similar.

For cimb global titan maybe replace with eastspring global leader.

Would I be able to avoid the sales charge by purchasing RM5000 CIMB-Principal Asia Pacific Dynamic Income Fund - MYR, then switching to CIMB-Principal Global Titans Fund and CIMB-Principal Greater China Equity Fund?

You cannnot do that because these funds CIMB Global Titans and CIMB Greater China are not online tradeable in eUT.

Furthermore, even though CIMB Asia Pacific Dynamic Income is often on promotion, but this round of promotion, it is not on.

Somebody earlier asked about what is the catch on eUT promotions, which are so regular and almost back to back. These are some constraint. Which is why I am maintaining two sets of portfolios, one in eUT, and one in FSM.

But seriously, if you really look at the graphs and data, Eastspring Dinasti matches quite well with CIMB greater china, and sometimes it performs better.

Seems like the promo for EUnitTrust has ended and no renewal of promo for now. I guess have to buy on FSM for now.

It's not always the promo will be totally 100% back to back without any day lapse, ie usually there maybe 1/2 month or 1 month gap between each promo.

If you search the internet, you will see that almost every year they have a big merdeka promotion. I tend to think there is another grand promo on its way.

Do you own the fund if you buy from eUT or it's just like FSM?

Just like FSM. Kept under trustee. You want in your name, buy from banks/agent with 5%+ service charge

Actually even if you buy from bank as distributors, it's still nominee. I bought from UOB and Kenanga Investor Bhd before. Only when you buy funds from the asset management company like Public mutual, Affin Hwang then it's direct your name.... I think. Actually I'm not 100% sure also

EPF MIS and PRS is definitely direct under your name

This post has been edited by dasecret: Aug 24 2017, 11:25 AM

Shouldn't it be if you buy say KGF from Kenanga, it's under your name?

So weird if buy KGF directly from Kenanga and is not under your name.

She was referring to buying non-Kenanga funds via Kenanga. Competition is getting stronger, fund houses also sell others' products.

This post has been edited by puchongite: Aug 24 2017, 11:38 AM

I buy AH Select bond from Kenanga, that's why not in my name.

That explain it. I think if you had bought KGF from Kenanga, it would be under your name.

Actually, it depends on what u bought at eUT.
If u buy funds managed by Phillip Mutual at eUT, then the funds are under ur name, not nominee. 3rd party funds is under nominee like FSM.

Because, i received the original dividend slip from Phillip mutual for PMMMF every month, but didn't receive any dividend slip for Nikko Am Spore bought at eUT.

Note : Both funds declares distribution every month.

When they have promos, it's 0% service charge. So during promos, use it to topup bond funds as Phillip eUT doesn't have platform fees unlike FSM for bond funds.

You can also make use of promo to topup equities fund to get 0% service charge.

PS Topup value must be =>RM5k to be entitle for 0% service charge.

If you do not have RM5k topup during the promo period, no 0% service charge for you

Actually Philip capital need to prepare the distribution statement for you, it's held under nominee but they still need to keep you updated of the distribution and maintain their records to be sent to the asset management company

Top up time again

geeee, after viewing their T & C,...
if under RM 5000, the other competitor on line platform offer better deal.