Yeah switching would be free if Gold...

As for the investment can't complain on average have gained 30% since 2005...

i have a question here,

if i were to top up my investment in pm funds after the initial purchase, does the 6.5% service charge still applies to the top up amount?

for example, say i top up RM100 every month, so will there be charges on this amount every month?

I have switch all my funds into PCSF too early. Now bleeing.

To breakeven, PCSF has to reach 0.2425.

Argggg....

The charge is now 5.5% for equity funds

Yes, every topup you will be charge the service charge

Yes, I would advise you to do a switching too, rather than selling.
Since you do plan to reinvest again, lock your profits by switching to a Money Market fund.
If you are worried about bonds, money market is the safest in unit trust.
The return is comparative with FD, but you don't need to pay anything for reinvestment.

Thanks for the info, will keep this for next transactions...a bit too late for the others, just sold the high gain ones. Not complaining "make good profit me thinks..."

Our market would be quite bumpy from now on. Foreign Funds Managers are selling their positions too.

Petrol price is most likely be up after GE , and would have some impact on our economy.

P/S > It should not be affecting you if you are medium term investors ( 3 to 5 years )

This post has been edited by SKY 1809: Feb 21 2008, 07:21 PM

As far as I can tell, all the Bond funds are low-load units with a service charge of 0.25%. According to the prospectus, if you switch from low-load units to Equity/Balanced funds you pay "At NAV + Service Charge".

On the other hand, if you switch from loaded units Bond funds, you don't pay service charge. But what are loaded units Bond funds? Because every fund that is >0.25% sc belong to the moderate or higher risk categories so they are not really bond funds. Can you clarify?

I've been hearing Public Mutual here and there, but i don't really know how it works. Does it work like a share or stock? does it work like a preference share? or bond? Please someone who has done or bought before, enlighten me, greatly appreciated, thanks....

This is a good one

If you started off investing in Bond Fund...which u only pay 0.25% service charge, then it is consider low load units and when you switch into Equity/Balanced Fund, you are subject to pay the service charge of euity/bal fund, i.e NAV+Service Charge (5.5%).

If you first invest in Equity/Bal fund, paying 5.5% service charge, it is already consider Loaded-units. So, when you switch from Equity/Bal --> Bond Fund, you are subjected to pay transaction fee of RM25 & the units in the bond fund you switched to, is consider LOADED, as you already paid 5.5% service charge at 1st.

Vice versa, when you switch your loaded units from a Bond fund into Equity/Bal, you just need to pay transaction fee of RM25, and not another round of extra 5.5% service charge.

So, as conclusion, LOADED UNITS is to described units that has been paid full service charge of 5.5%. LOW LOAD units is to described those units that has not been paid the 5.5%, but instead, pay 0.25% like Bond Fund.

Basically all high risk & moderate risk fund in PM is in Equity fund category...as their major % of NAV is being invested in equity.

If you sell off your funds, take out the $$, then later invest again into an equity/bal fund, you r subject to 5.5% service charge, if u buy bond fund, it will be 0.25%.

Public Mutual is a fund house for unit trust or mutual fund products. The funds being sold by PM could be either equity, bond, balanced or money market/cash funds. Some funds are invested locally while others could be invested off shore in specific regions like Far East, Asia, SEA and etc.

Unit trust or mutual fund works quite similar to share market but instead of putting all the eggs in a single basket (one counter). They'll investing in several counters; probably from the same industry or multiple industries depends on fund portfolio and exposure.

There's a upfront service charge of 5.5% for buying and topping up the funds. Minimum recommended investment period is 3 years.

More details, kindly read the PM thread or Fund Investment thread.

Some of my PFES funds were sold today,

which rate would have been used? yesterday's closing rates or ???

have not got an update from my agent yet, just confirmation it was done today.

This post has been edited by gsdev: Feb 21 2008, 10:49 PM

Today NAV which will be published tomorrow after 11am.

Thanks for the clarification.

its like i giv them my money, let them 2 manage 4 me.. either d money goes 2 share market, bond or forex..rite?

Simplied version of saying. It could be viewed in that way. Fund house "gathers" the money from unit holders and invest them in potential counters or markets.

Further classification of fund could be Shahriah or non-Shahriah compliant. Income or non-incomnd funds which is based on how on the distribution (dividend) is being payout - incidental or annually.

how bout the profit we get?how much percent will i get for 1 year investment

For further unit trust or Public Mutual discussions, please read and use the existing threads. Thank you

Unit Trust: http://forum.lowyat.net/topic/367939
Public Mutual: http://forum.lowyat.net/topic/511793

You'll gain profit (captial gain) after you have break-even. Remember that there's an upfront service charge.

Once you sell above your average unit cost price, then you could said that you'll be in paper gain or profit.

There's no guaranteed on the fund return and it's very very fund specific. Some fund that is aggressive could break even or generate profit in short term but one has to remember that it might also loss greater when market is in downward trend. Some fund is more conservative.

One shouldn't treat unit trust or mutual fund as short term investment. As per PM recommendation, the minimum investment period is 3 years. Return or profit is highly depending on market trend.