Unit Split and Distribution is just meaningful for the fund managers/fund houses but not for the investors. The NAV is still reflecting the real value of the funds. Once distribution, NAV will go low. Unit Split actually just to increase the number of unit that you're holding, but same in value.

Showing your IC and sign the redeemption form, then you can get the cheque around 1 week time. If you buy the funds using direct debit from your saving account, then when you sell, the money will be credited into your saving account automatically.

This is my experience with OSKUOB...

maxwoo,

As you said, if banks in Msia bankrupt, mean the banking system already screwed. I think, before the banks bankrupt, more than 90% of the listed companies already bankrupt and even unit trust companies also bankrupt. Means, no matter what investment you do, you also loss money...so, FD is still the safest investment.

Jayen,

Currently, there is no online distribution of unit trust in Msia (except additional investment). The service charge of buying from agent and buying from bank is same now.

If not mistaken, I read from Personal Money, there will a new financial portal offering unit trust with very low service charge. Just wait for it, should be out by end of this year.

Having this kind of company, I think the traditional players might reevaluate their service charge and fee. Important is, this benefits investors.

Agree with Dreamer...don't invest in something you do not know.

If Im not mistaken, what I understand from the personal money, Tune Money will launch their own funds, mean they are a new unit trust company. CIMB is cooperating with them, but not really directly involve in the unit trust offered.

Their feature is, everything done online with a low charge and fee.

Most probably you can get it in 2-3week time.

What maturity you're talking about? Unit trust has no maturity date.

If it's a capital guaranteed fund, your capital is protected. Means, if you invest 5k, at least you can get back your 5k after maturity.

Only capital guaranteed funds have certain maturity date, and other funds don't actually have maturity date. When it's matured, I think unit trust company will send you a cheque. So, you do not need to redeem it at that time. When maturity, it should be automatically redeemed. (Correct me if Im wrong)

Normally, capital guaranteed funds may have lower return than others, as they need to invest in some fixed income securities which can secure at least your capital.

Correct, unit trust performance depends on the investment strategies, but not new or old. Some of the old funds perform much better than new funds.