From my exp, PMMMF buy order completes on T date, and is reflected as ur holding on the next working day.

For PMMMF, the profit is credited on the 1st day of month (include non working day/ public holiday) in distribution form.

If you redeemed ALL in the previous month (lets say April), the prorated distribution will be added to PMMMF holding on 1st May.
Then, you withdrew all distribution in May, the prorated distribution for the distribution of May will be added to PMMMF holding on 1st June and so on.

Thus, there is always some leftover in PMMMF unless u redeem ALL amount on the 1st of each month, provided it is a working day.

I personally treat it as combined saving account with 3.5% p.a. , for fund transfer between Bank, no IBG fee

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.

Top up time again

Yup, depends on how much u wanna topup. If >5K, eUT is better deals, If <5K go to FSM loh.
eUT is suitable for big fish, not ikan bilis

Yup, yup, yup.

The FSM monthly promotion of 1% is not able to attract platinum investor to put fresh money to FSM anymore. Because with a 0.75% reward discount from normal service charge 1.75%, platinum investors are paying 1% sc with or without promotion.
0.57% Fsm merdeka also caanot attract platinum investor as there is always cheaper choice at eut, at the same time.

Fsm is more concern on ikan bilis. FSM's promotion is the promotion for ikan bilis, not a promotion from big fish's point of view.

This post has been edited by i1899: Aug 29 2017, 08:35 PM

Procedure of Transfer In:
+=======+========

Please be informed that you are not able to transfer your holdings (Cash/EPF) from eunittrust.com.my into Fundsupermart.com as they do not have transfer out facility. Nonetheless, you may consider to redeem the funds in eunittrust.com.my and thereafter purchase other fund in our platform at 0% sales charge up to your redemption amount with the previous distributor.

You may follow the steps below :

1. First, you are required send us the redemption slip as supporting document for record purpose.
2. We will offer you 0% sales charge for the same redemption amount.
3. We will offer you 1 month buffer period (from the redemption date) to move in the funds.
4. This offer is applicable to all funds except for All Affin Hwang Asset Management Berhad wholesales funds.
5. When you want to utilize the offer, kindly send email to notify us to adjust sales charge manually after placing order online before 2:30pm.

Please be reminded that your final units may be different (less or more) depends on your selling price and buying price in different days.

We hope this clarifies.

Please feel free to contact us should you need further assistance.

Best Regards,
Hui Ching
Client Help, Your Friendly Fundsupermart Manager
Hotline:+603 2149 0567 (KL), +604 6401 567 (PG)
Fundsupermart.com - Invest Globally And Profitably

Yes, u can do it, but should u do it?
If it is ur first time purchase the funds of cimb, you can exercise the cooling right off right. FSM will return 5K total amout that u have paid, inlude sales charge n gst, to ur account in redemption instruction, on T+n.
It wll be a bad decision if:
- the repurchase nav is 1.75% higher than ur initial purchase nav.
- promotion ends when the money are refunded to ur bank account.

Beware..

Seems like a lot of problems with the new website...
Is anyone success to register the existing account at the new website? I did not receive the sms of security code after waiting for 10 mins.

The detail of promotion is accessible from their website worh.
https://www.eunittrust.com.my/Home/Fund_Promo

What u expect them to do? They already send us an email in advance, publish the detail on website on 23/10 (1 day before the promotion). Enough already lah.
What else leh?

Just redeemed some $ from PMMMF, and had a look on new web site, In fact, i think the web site was improved significantly compared to the old website, adding many useful information.

just my 2 cent, Some useful information that i found:
- Once transaction had been submitted, Go to "online transaction history" then click "search". You can see the detailed status of trnx under 'Transaction Revision History' by clicking trnx ref number.
- Once the transaction had been done, transaction move to 'transaction history'. Last time, you can only see tranx month by month; now u can select the time frame and filter by type of tranx (dividend, buy or sell)
- The receipt of buy/sell/switch is 2 full page of PDF, more like a receipt.


Good

Base on my experience, for non money market fund, the purchase trnx will be completed by the end of T+2.
Ur holding should be updated by tomorrow morning.

If intra switching, tranx will be completed on T+2. 2 days faster than FSM.

Intra-switching means switching within the same fund house, right?
Yes.

What if it's switching between different fund houses?
It depends on what are the switch sell fund and switch buy fund. You can always call them for confirmation, if u want.

From my limited experience, if perform EXTERNAL switching from non money market fund to a non money market fund by today before 3pm (Transaction day).
- Switch sell fund will be priced as NAV on T day.
- Switch buy fund will be priced as NAV on T+2.
- Holding will be reflected at the end of (T+2) +2.

If perform EXTERNAL switching from PMMMF to a non money market fund by today before 3pm (Transaction day).
- Switch sell fund (PMMMF) will be priced as NAV on T day.
- Switch buy fund will be priced as NAV on T day.
- Holding will be reflected at the end of (T) +2.

Seems cannot void.
But, if u haven't paid, the transaction wont be executed, so not need to void actually.

Being an investor with FSM since 2011 and an investor with eUT since May 2017, let me try to answer your question.

1. Transaction Cycle : eUT is better : time is money
a) Reinvestment of distribution : in eUT, distribution is reflected as ur holding in the morning of 3rd business day after the reinvestment day, but FSM generally needs 2 weeks more (or more ) to do the same thing.
b) Buying Cycle (non Money Market Fund) : in eUT, the new purchase is reflected as ur holding in the morning of 3rd business day after the purchase, but FSM needs 2 more business day to do the same thing. Applied to External switching too.
c) Buying Cycle (Money Market Fund) : in eUT, the new purchase is reflected as ur holding in the morning of NEXT business day after the purchase , but FSM needs 2 more business day to do the same thing.
d) Selling Cycle (Money Market Fund) : in eUT, the money will be received on the SAME day , but FSM needs 2 more business day to do the same thing.
d) Selling Cycle (non Money Market Fund) : in FSM, the money generally will be received on the T+4 days, but eUT generally needs 1 more business day to do the same thing.

2. Cost : eUT is better especially for higher incomer or during rebalance of portfolio
a) In eUT,
No Platform Fee.
if no promotion, sales charges of all Fund (bond & equity) is at 2%.
During promotion, sales charges of all promoted Fund (bond & equity) is at 0% for >RM5K , 1% for <RM5K. (include external switching from other fund house/ money market fund)
For internal fund house switching, ZERO sales charge will be applied at any time.
PRS 0% sales charges.
b) In FSM,
0.2% pa Platform Fee for most of the bond fund.
if no promotion, sales charges of all EQ Fund is at 1.75%, sales charges of all Bond Fund is at 0%,
During promotion, sales charges of all promoted Fund (bond & equity) is at 1% to 0.57% (include external switching from other fund house/ money market fund)
For internal fund house switching, credit system is applied, which is not as straight forward as eUT.
PRS 0% sales charges.

3. Platform interface: Tied
After latest update of eUT website, i do think the eUT website is slightly better/ user friendly/ informative than FSM's

4 Customer Service: FSM wins, but do u need frequently?
if u write an email to eUT, 99.99% of chance u won't receive any reply from them by email. u have to call them to have an answer. I didn't try their live chat.
Meanwhile, the Customer Service of FSM is really good , they will reply the email / give u a call to explain within the same day. While, i don't like their live chat because CIS keeps going to ask me to wait, may be they handle too many customers at the same time.

5. Fund Choice/ Investment mode
As my last check, wholesale fund and non MYR fund are not available in eUT while FSM do sale many wholesale fund and non MYR fund.
eUT do not accept EPF investment while FSM do.

======================================================================
Now, I have 6 digit investment with eUT (15% of my total portfolio), but i didn't pay single cent for sales charges so far, it saves me > RM2K.
Therefore, i prefer to invest fresh fund with eUT during promo, but use FSM to buy the wholesale fund and maintain the old portfolio with them.

This post has been edited by i1899: Nov 25 2017, 01:18 PM

https://www.eunittrust.com.my/Home/Fund_Promo

Had experience with PBank, OCBC & CIMB.
Pbank & OCBC - 4pm same day.
CIMB - 9pm same day

According to the info in their web-site, the normal sales for most of bond funds is 2%.


I switched several time from bond funds to EQ, & it was absolutely free.
if sale charges of bond fund is 1%, why they are willing to offer us FREE unlimited switching between Bond to EQ fund?

I still can top up a bit phillip master equity growth fund with 0% sc last week.

Give u one tips, switching from bond fund or money market fund with 0% sc (such as pmmmf, ebf, kbf) to 2% equity fund (kgf, pmegf, egems), is totally free.