Lai Lai Ramjade, specially for you....You now have a platform to talk about cheapo stuff!

Well done, boss

Actually your wrap account is on this platform right? Any feedback other than charges?

Huh? His wrap account is with iFast MY

By the way what is POEM?

All in place for you to buy UT, stocks, etf, cfd, opinions, margin trading etc
https://www.poems.com.sg/

Mega Funds Promotion 2017

13 April 2017 - 31 May 2017


https://www.eunittrust.com.my/fundInfo/promotions.asp

nice! up! maybe this will entice me. competition is good!

ee bro, their charges also 2% for normal topups ?? Only promo period is mainly FOC.
FSM is 1.75 now
Did I read wrongly ??

This post has been edited by ronho: Apr 18 2017, 11:58 AM

Yes that's right. During promo period (basically their promo period is more frequent than FSM) and provided you can meet the min topup of RM5k, you will get 0% service charge.

Good for those who want to park bond fund here because if you can buy min RM5000, you don't pay platform fees unlike FSM

Ramjade, any other annual fee, maintenance fee or misc fees? Any caveat apart from the min RM5k initial investment?

Are they the same entity / related to POEMS SG?

Regards,
Wei Lik

True.

But they have promotion quite regularly.

If I am not mistaken, this year they have 3 promos already including this one. Each promo last for +/- one month.

( Each promo the funds list under promo might not be the same.)

You guys think the rates will be cheaper than FSM if buy at promo times ?
tx

I don't know. I don't have any account with them. What I know it's excatly like FSM except that when they have promo you get to buy funds at 0% service charge. All bond funds bought from them during promo does not kena service charge. eUT memang does not charge platform fees for bond fund. They charge you 1% service charge for bond fund.

They are different. If you have account with MY side, you will still need to register with SG side if you want to invest in SG UT. They don't share database of customer despite both are same company (Phillip). One is Phillip MY, one is Phillip SG.

Hope this explains everything.

Never look at service charge. Look at discount in the market. Discount of service charge is just bonus.

Better reply here. Nanti org marah
Precisely. I cannot meet the RM5k/fund topup everytime.
Should be no problem. Interface ugly as shit. I have no account with them. As long as registered with BNM, no issue.

Never look at service charge. Look at discount in the market. Discount of service charge is just bonus.

This post has been edited by Ramjade: Apr 18 2017, 12:34 PM

So, if I were to place 5K right now, it's 0% SC during the promo period. Outside of this period if I were to top up or do DCA, I will still be charged the normal SC rate of 2%? Is this how it works?

Yes. That's why eUT good to buy bond funds only

Don't have the 5K to fully commit ATM, extra funds went to ASX/FSM already. But good to know nevertheless, can consider purchasing bond funds when the next promo rolls out.

Same here. Good thing about eUT is very frequent promo. This current promo until end of May.

Indeed FSM not cheap enough but then how many of you have account in eUT now ?

It's considered cheap for malaysian standard. For SG standard no. Why? Some banks in Singapore are charging 0.75% service charge
I will open an account with them in the future.

This post has been edited by Ramjade: Apr 18 2017, 03:22 PM

Masta xuzen your wrap account is under which platform ?

why hesitate ? why not now but future ?

I have account with eUT.

I don't do DCA. So I have equity funds with eUT. I only do non-fixed interval top ups.

Because I have no need for it now? I am in the process of moving my funds to SG. I don't need to open this account now. I need eUT to park my United bond fund money in Malaysia. Seeing that they don't have that fund for sale, I can't buy from them. Hence useless for me to open account with them at this moment.

To answer your question regarding xuzen account is on what platform of course it's on FSM (iFast is the oswner of FSM)
https://www.ifastcapital.com.my/ifast/advis...t-services.svdo



This post has been edited by Ramjade: Apr 18 2017, 03:32 PM

then this wrap account not suitable for you lor

Sweet, i would try exploring eUT's website in detailed later today and may decided to open up an account with them in the next few days with an aim of purchasing bonds in the coming months.

Though is their platform reliable ?

Sorry if I've mistaken things, but there was a debate a few months ago on the FSM thread about the reliability of eUT's website right ? Like delays in transactions etc

After using the system for a while, you will realize that their system essentially still depends on quite a bit of human operation. The web site and graphical user interface are mostly capturing data, writing logs, and then submit them for further backend operation.

That's why they could perform cancellation of order, as transaction is not performed automatically. After 3pm their staff pick up the transactions records, tally with payments and commit them accordingly.

If you are going to start using the system, getting your self familiar with transaction status and logs are important.

Their front end user interface as you might notice could be the work of some trainee programmers. LOL. Most of the error messages are harmless.

For example if you log out already and then you use back button to go back and hit the logout again, it will tell you a very scaring message '500 - Internal server error.' It is nothing.

Another common misunderstanding is on the main page is that they mentioned ' * non-tradeable online'. It means those funds ended with * are not tradeable online. It is not a foot note to say everything is not tradeable online.

This post has been edited by puchongite: Apr 18 2017, 08:57 PM

In Chinese idiom says - you get what you pay for

If i recall correctly, this year's promos were: Chinese New Year, Lipper Award, and now, Mega Promo. Between the last promo and the current one, there is just a 2 week gap. :-) So, it seems like one long continuous promo! Some of @Ramjade's favourite funds are recurrently on promo, including Manu REIT.


Actually the normal s/c for bond funds is not fixed at 1%. RHB Bond & Islamic bond are normally at 0%. AmTactical Bond is 2%.

The eUT web platform takes roughly the same number of days to update a purchase as FSM. However the eUT's email confirming a transaction is much slower than FSM, e.g. purchased on 31 Mar. 2017, email sent on 17 Apr.

Intra fund house equity fund to equity fund switching is free. So sometimes can use this scheme to buy equity funds for topping up funds from the same fund house.

For example, when Manulife Reit is under promotion, buy and keep ( as part of the investment ). And when needed can switch some to Manulife India to perform top up. This switching is not constraint by the 5k minimum.

Manulife will charge you Rm25 per switch though.

Good point. Let me check the transaction logs. I saw the exact same amount was moved over. I will check the price and nav tallies or not. If it doesn't then the administrative charge has been incurred. Right ?

How do you open account with them? Need any commissioner of oath to verify our IC, etc?

I just reconfirmed from my transaction logs, the exact figured was honoured, there is no admin charges. The nav and units multiplied together tally exactly right upto to the rounding of second decimal point. The same happens to Eastspring.

I am under the impression that such only applies to RHB dinosaur.

This post has been edited by puchongite: Apr 19 2017, 01:20 PM

I don't remember having to go to that extent. I only remember I filled up everything, signed accordingly, scanned and email to them. Maybe I also snail-mailed the hardcopies to them. Btw, I am taking about eUT. Just to make sure there is no mixed ups.

This post has been edited by puchongite: Apr 19 2017, 01:24 PM

I know since we are on eUT thread. Cause I saw some of their requirement need to get commisioner of oath
SG understand la. Malaysia takkan until that extend right. That's why need confirmation.

This post has been edited by Ramjade: Apr 19 2017, 01:27 PM

it seems that their registration troublesome
share with us once your account opening successful

You switched and Manulife didn't charge Rm25? cool

I hope you are not going to stir shit at manulife for having charged RM25 on other platforms gua ?

For all you know FSM is the one charging us

But RHB will charge, wherever you are ! I supposed they will shrink your target fund by whatever amount then only calculate units bought.

are you referring ML fund transfer to ML fund incur switching fee ?

if i'm not wrong , manulife is giving up to 6 free switching for manulife funds but i still haven't reach the quantity yet so couldn't vouch for it

maybe somebody can ask the Customer service
https://www.manulifeinvestment.com.my/Produ...nline-Switching

This post has been edited by repusez: Apr 19 2017, 02:34 PM

Yup. if my memory self me right is either 6 free switching / manu to manu no switching fee incur anymore, need to refer CIS. As last time I did from Manu China to Manu India system incur RM25, then I refer CIS they manually adjust to RM 0 due to system error.

Thanks.. that is good info. During promo time the only thing anyone will save is some time and effort though.

This post has been edited by wodenus: Apr 19 2017, 03:16 PM

What's mentioned for retail customer directly under them might be not applicable for retail customers under nominee account.

This post has been edited by puchongite: Apr 19 2017, 07:30 PM

This thread has the really damaging potential of misguiding a lot of new investors by focusing on the costs.

The best time to invest is when the valuations of the funds are considered cheap, so you can achieve the best returns.

The best time is not when the sales charges are cheap. Learn more about Unit Trusts if you don't understand that means.

Please do not just look at the sales charges and be "led up the garden path".

As always, buyers beware. Know what you are doing before you hand out your money, because you may get back a lot less.

This is a good point. Investors (whether new or old) are reminded not to just look at costs as the only factor when selecting the platform or the funds.

This information is taken from morning star :-

http://my.morningstar.com/ap/FundSelect/re...ce&Type=YTDBest

	Fund Name	YTD Return(%)
1	Areca EquityTRUST	21.01
2	InterPac Dynamic Equity	20.49
3	InterPac Dana Safi	20.05
4	Phillip Master Equity Growth	19.40
5	KAF TACTICAL FUND	19.12
6	Affin Hwang Select Asia (ex Jpn) Quantum	18.74
7	RHB Small Cap Opportunity Unit Trust	17.69
8	CIMB-Principal Wholesale Equity	16.85
9	PMB Shariah Growth	16.63
10	Manulife Investment - India	15.97

Note that Phillip Master Equity Growth fund is position 4. It's available on eUT.

Phillip Master Equity Growth Fund clinched the Best Fund Award over 10 Years in the Equity MYR category at The Edge Thomson Reuters Lipper Fund Awards Malaysia 2017 on 27 Feb 2016.

Item 1 Areca Equity YTD return of 21.01, does not seem to be available on eUT.

This post has been edited by puchongite: Apr 20 2017, 07:14 AM

When it comes to flipping property:

Lawyer fee is around 3% of the purchase price. Stamp duty is 3% Total = 6% sales charge.

When you sell, is another round of transaction cost, lawyer fee 3% = 3% exit fee or redemption fee.

Despite so high cost, nobody complain about flipping property wan ar? Strange hor? everyone happy happy pay for it.

UT I think is the only one that people want zero sales charge plus zero maintenance fee (zero platform / wrap fee) and still able to get it!

Strange but true.



Xuzen

Property flippers are a different breed leh. Many are paying the price now when they bought their property investment under the DIBS programme. Starting to service their loans now, properties still on hand, unable to flip fast enough....They are many disgruntled flippers out there but just diam diam onli .. Chinese said...want to *save face*.

This post has been edited by tensixteen: Apr 20 2017, 12:18 PM

if there are channels that are charging less for property flipping, then there will be complaints...
if there is only 1 online UT channel, then there is no comparison complaints

btw,
for those that are keen to know "What's the difference for eUT(POEM) and FSM? Pros and cons"
read post 240, page 12
https://forum.lowyat.net/topic/4268975/+220#entry87151456



This post has been edited by T231H: Nov 25 2017, 01:49 PM

I am under the impression that lawyers are governed by their professional body with respect to their professional charges. Now with GST and what not, lawyers who are willing to charge less, will be exposed to much higher risks.

What do you mean? I don't understand you lah!

Xuzen

There will be complaints as long as there are disparities of charges for something people perceive as same type of service. It's that simple.

The comparison is never between flipping properties and buying unit trust. That's chicken and duck comparison. The comparison is within the properties buyers and sellers. And among them, lawyers can't charge differently. So no complaint.

This post has been edited by puchongite: Apr 20 2017, 04:24 PM

Nav for interpacific funds for today 20th April :-

Fund name	Nav	%change
InterPac Dynamic Equity Fund	0.44	+0.89%
InterPac Dana Safi	0.46	+1.05%

Since people in FSM thread doesn't like me mentioning eUT, let me say it here.

If you are going to buy affin hwang and have > RM5k and can do lump sum (endorse by dasecret for lump sum not eUT aa she's not a fan of eUT) use eUT. Save on platform fees.

This post has been edited by Ramjade: Apr 20 2017, 10:01 PM

But i m not a big fan of bond funds. Just temporarily park in one bond fund.

If small and short term, no need bother about platfrom fees. Alternatively, can park in amanah saham. Now they have online portal for you to topup.

First few names shifting position.

	Fund Name	YTD Return(%)
1	InterPac Dana Safi	21.31
2	Areca EquityTRUST	21.29
3	Phillip Master Equity Growth	19.40
4	KAF TACTICAL FUND	18.59
5	Affin Hwang Select Asia (ex Jpn) Quantum	18.18
6	InterPac Dynamic Equity	17.95

For eUT application form, do you fill up the CKA form and submit since there's this clause below.

"(This form is applicable to all individuals who are (1) Singaporean, (2) Singapore PR or (3) Non-Singaporean residing in Singapore)"

The online chat is not of a help

This is for Malaysia part.
I just fill up. Whether you pass the test or don't doesn't matter as it's not applicable to us. Only for Singaporeans.

Here you go. They have frequent promo where if you can buy/topup min of RM5k, you won't kena charge service charge.

This post has been edited by Ramjade: May 17 2017, 01:09 PM

anybody can share their experience using eUT? positive or negative? I'm enquiring with regard to their response time, ease of switching funds, navigation of site etc. thanks.

I have my portfolio splitted between eUT and FSM.

The only positive thing worth mentioning about eUT is just the promotion rates, which comes pretty often.

Anything else are just basic, meet the purpose but nothing to shout about. One has to bend himself to suit eUT system and people, not the other way round. After you are accustomed to their people and system, then you basically get used to it. Different ways of doing things, basically.

Do you have other more specific questions ? Or this is adequate ?

I haven't open with them yet. Will use eUT to buy Affin hwang select bond fund and save on platform charges.

Still can't be classified as a user.

Personally I don't see that so significant. You will probably disagree with me.

Anyway the May mega promotion will be ending soon !!!

Just found out that they have branch at kuching here as well. Will go and check it out for more details or maybe direct register from their office there. Thinking of buy the promo Affin hwang select bond fund as well

Do think about subsequent top ups.

If you are the type who die die must practice DCA then you might find it somewhat problematic with regards to having to pay non-promo charges for top ups.

Or you just revise the top ups plans to VCA and switch to flexible timing with respect to top ups.

what kind of problematic?

Say you have 6 funds. And you topup monthly. Yoi don't want to kena 2% service charge. To get the 0% service charge promo, do you the have min amount of RM5k/fund topup?

6 fund = RM30k/month = RM360k/year.

oh that's the problem you are referring to. I though you are referring to their transaction processes.

I have said this before and I repeat:

1) FSM is a platform or a supermarket like Giant. They sell all sorts of products from all sort of vendors. In FSM case, the product offering are unit trust fund.

2) eUT main core business is Phillip Capital. They are a stock - broking firm first, UTMC (Unit Trust Management Company) second and unit trust distributor third. The Unit Trust Distribution business is more of a by-the-way business for them.

If you are in the industry, Phillip is strong for managing unit trust fund (private mandate), managed account and stock - broking (SG only).

That is why their emphasis will never be eUT.

Xuzen

Wah....I read the T&C. They don't even have internet banking ah. Really troublesome eh

What do you mean by that ? I paid to them via fpx so many times already without problem. There was once fpx was down, i paid via 3rd party transfer (intra bank).

Oh meaning their T&C at registration page is not up to date.

So fpx from any bank all ok? Btw can kindly describe your 3rd party transfer process?

Fpx should be supported by whichever banks supported by fpx.

3rd party transfer :-

Get a list of bank account number from them. Pick the one which you have the same bank account. Then log on internet banking. Transfer the money using the internet banking intra bank 3rd party transfer. After that I screenshot the (internet banking) payment slip and email to them. To be absolute sure, call them up and make sure they match the payment with the correct order.

p/s note
======
Internet banking has pre-set limits for different types of transaction. Make sure you configure you internet bank limits correctly.

This post has been edited by puchongite: May 19 2017, 06:13 PM

You bought all your fund in eUT as well? I am thinking about to open eUT account to move my fd to park there(affin hwang select bond fund) rather than chasing fd.

My portfolio is splitted between eUT and FSM. There are certain funds make better sense to me to buy at certain location. Cimb funds and TA funds are usually limited availability under promotion.

Also it makes sense to keep funds from same fund house under same distributor, to facilitate intra switching.

Mind to share what fund u bought under eUT?

Overall, my decision is based on fund availability under promotion. TA global tech, never seem to be on promotion so have to buy under FSM. CIMB china is not even available online in eUT. So FSM.

Eastspring and Manulife are normally abundant in eUT.

Affin Hwang - very seasonal.

So on and so forth.

if i'm not wrong 2-3 years ago, eunittrust will charge something like rm0.50 for the fpx transaction while fsm absorb the cost, not sure what's the case now. fund transfer via maybank2u is free.

one of the unit trust available only on eunitrust is their very own philip master equity growth.

if you purchase their promo fund below rm5k, you still get some discount sales charge like 1% or 1.5% , above rm5k it's 0%

my god. Their online registration system really . I can't even upload my scanned IC

They should just take off the attachment upload function if it can't be use. So misleading

account just activated and bought 5k for Affin Hwang Select Bond Fund. How long does it take to reflect into my account?

Around 5 working days, more or less.

Move around the system. Famliarlize yourself with Transaction->Transaction status and "My portfolio".

I already go through every tab of the system. Pretty simple and not much function.

Thanks for the info