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 eUT / POEMs / Phillip Mutual Berhad UT discussion, Coz' Fundsupermart not cheapo enuf'!

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dasecret
post Apr 18 2017, 10:04 AM

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Well done, boss

Actually your wrap account is on this platform right? Any feedback other than charges?
dasecret
post Jun 22 2017, 08:40 AM

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QUOTE(puchongite @ Jun 21 2017, 09:54 AM)
Think of selling a portion of funds overlap between this promo with those available in FSM.

ie sell that in FSM to earn credit point and buy it back under promo in eUT.  devil.gif
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The only problem with that is the lag time, from intraswitch to bond fund then sell the bond fund and then buy on eUT, probably would take 2 weeks. If the price goes down you make some, if price goes up you'd lose some. Unless you have cash buffer to buy on eUT as soon as you intraswitch in FSM, then there would be no impact in pricing
dasecret
post Aug 24 2017, 11:24 AM

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QUOTE(Ramjade @ Aug 24 2017, 11:18 AM)
Just like FSM. Kept under trustee. You want in your name,  buy from banks/agent with 5%+ service charge
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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 blush.gif

EPF MIS and PRS is definitely direct under your name

This post has been edited by dasecret: Aug 24 2017, 11:25 AM
dasecret
post Aug 24 2017, 11:40 AM

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QUOTE(dasecret @ Aug 24 2017, 11:24 AM)
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  blush.gif

EPF MIS and PRS is definitely direct under your name
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QUOTE(Ramjade @ Aug 24 2017, 11:27 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.
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I buy AH Select bond from Kenanga, that's why not in my name.
dasecret
post Aug 24 2017, 03:25 PM

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QUOTE(i1899 @ Aug 24 2017, 12:48 PM)
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.
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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

 

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