I just added the investment fund today, am I entitle?

This post has been edited by datolee32: Jun 23 2020, 10:15 PM

If your transaction made before 4pm today, you should be entitled for it since the ex-distribution date is 24/6/2020

it doesn't really matter entitle or not, it's still the same NAV except lower down NAV and pay u distribution or add into your units

for ur case, they will follow today NAV and buy according to how much units you gonna get

eg
22/6 NAV = RM1.761
if no change
23/6 NAV = RM1.751 + RM0.01 distribution

u will get 1005.71102 units rather than 1000 units based on RM1.751, not RM1.761

Ok, thanks for explanation. By lowering down the fund price through distribution, i think there's more higher potential gap for the price to go up, instead of fluctuating at high price. Please correct me if i am wrong.

It's a bond fund.
You won't have very exciting story with it.

By giving distribution is an exercise to
1. Lower down the fund price.
2. To distribute income for big investors who want a consistent payout.

The lower price is just a misconception from people that lower price means more worth it to enter. Unit trust shouldn't be the case, as the return especially for Fixed income fund is consistent and stable, so the return is steady.

For example,

RM 1.0000 price if up by 1% = RM 1.0100

RM 2.0000 price if up by 1% = RM 2.0200

it is still 1%. if you buy in at RM1 with RM 1000 means you will have 1000 units. if buy in at RM2, you will have 500 units.
If the fund return goes up by 1%, regardless of what, your money value will also be up by 1% to 1010.

1000 units * RM 1.0100 = RM 1010
500 units * RM 2.0200 = RM 1010

Hope this explain well to you.

for UT it is all about NAV....
get the correct definition right and then i hope that can helps to shed some light to your conception/misconception..

Thank you for all the valuable sharing, now I am more understanding about it.

NAV as of 23/6/2020

IPF: 1.0761
SIPF: 1.0328

Planning to renter in next month!

Are you sure?
How about tax? No need pay tax?

No need.
Distribution received is nett distribution after tax under single tier taxation.

Capital gain is not taxable under personal income tax.

This post has been edited by GrumpyNooby: Jun 24 2020, 01:48 PM

Yes, that is its already been taxed only give back to investor so that investor will not be tax again.
At the end of the day it its been taxed.

err...

For Opus Funds seem to be tax exempted, i received the past distribution tax voucher, there is no tax amount at the Malaysian Tax or Foreign tax column.

Other type of funds may be will have tax, but I think tax is still subject to those tax expert to explain, different people different tax treatment and bracket.

no. no tax on bond in malaysia.

http://rmbond.bnm.gov.my/portal/server.pt/...n%20Malaysia%20.

NAV as of 24/6/2020

IPF: 1.0663 (distribution of 1 cents per unit)
SIPF: 1.0220 (could be due to distribution)

This post has been edited by GrumpyNooby: Jun 25 2020, 09:12 AM

Yes, 1.1c for SIPF

Why MPF is not yet declare dividen?

just now had received the tax voucher