Yes, I'm reinvesting my distribution and I'm aware of that too.

Distribution - Tax = Amount reinvested

How many percentage of the tax? 25% or 26%?

I think you just keep all the distribution statements that PM sent to you (if there's any) and file everything once in that particular assessment year.

How about life insurance? Shall we file for tax relief too? Would I face the same situation as you described earlier?

kingkong81, thanks for the explaination. I'm noob in taxation.

My agent advised not to file the distribution since the amount is just petty.

This post has been edited by David83: Nov 3 2007, 10:34 PM

Both also sector funds ... not really interested on them.

But still you're selling on Friday's NAV.

Sector funds are aggressive. Risk is high especially at the current volatile market.

The official announcement is out:

Public Mutual declares distributions of up to 10 sen per unit for its funds

Public Bank's wholly-owned subsidiary, Public Mutual declares gross distributions for four of its funds. The gross distributions declared are for financial year ended 31 October 2007:

Public Equity Fund - Gross distribution of 6.00 sen per unit
Public Industry Fund - Gross distribution of 10.00 sen per unit
Public Asia Ittikal Fund - Gross distribution of 2.00 sen per unit
Public Islamic Bond Fund - Gross distribution of 4.00 sen per unit

Public Mutual's Chairman Tan Sri Dato' Sri Dr. Teh Hong Piow said Public Equity Fund and Public Industry Fund have delivered an impressive one-year return of 48.58% and 55.52% respectively for the period ended 12 October 2007 on the back of the strong performance of the local market over the same period, according to The Edge-Lipper Fund Table dated 22 October 2007.

As for Public Asia Ittikal Fund, it has generated a one-year return of 39.56% for the period ended 12 October 2007.

Public Islamic Bond Fund, on the other hand, has generated a one-year return of 4.93% for the period ended 12 October 2007, according to the same The Edge-Lipper Fund Table. The fund has outperformed its benchmark of 3.69% for the same period.

Public Mutual is the largest private unit trust company in Malaysia and it currently manages 51 funds for more than 1,350,000 accountholders. As at 22 October 2007, the total net asset value of the funds managed by the company was RM25.6 billion.

URL: http://www.publicmutual.com.my/article.aspx?id=6363

Wow ... dzi921 ... that's a great accomplishment. Congrat, pal! Hope you could share your secrets ...

Get yourself an agent first before doing anything.

The cut off time is 4pm. Before 4pm, today's NAV and after 4pm, the following day's NAV.

Which equity fund are you eyeing for?

I should have performed a switching into PCSF yesterday. Today's China and Hong Kong markets are doing good.

Not late but if compared to yesterday, it may be 2 to 3% higher since HSI gained roughly 1067 points (as of 12pm).

I have asked my agent to submit the switching form. Hope this time, he'll do it and won't forget about it.

It takes roughly 2 weeks to create a new fund account. Would it be the same for switching to a new fund account?

Got the confirmation from my agent that he submitted my switching form to PCSF yesterday (15 November).

LOL ...

HSI dropped 1000 points now.

Definitely not. Only PCSF and PBCPEF are heavily depending on HSI performance.

PSEASF is mainly influenced by KLCI, STI, Bangkok Set, Jakarta Comp and etc.


By the way, what PIASF stands for?

PIADF is focusing on Asian market. It may be investing in India, SEA, Far-east, China, Japan and etc.

But we don't know what's the percentage of PSEASF investment goes to Vietnam ...