What fund is this?
How long have you been keeping it?

It's not a fund. It's Employees' Share Purchase.

Bought April 2007.

Oh... ESOS ah? Which company?

It's a US based MNC.

This post has been edited by David83: Oct 9 2007, 10:23 PM

Did you check with telemutual on your balance units..?
This is serious if the amount is substantial..

Not true, some are profitable..
As markets are breaking new record highs, so will the fund..
Funds with NAV in the 0.9xxx range don't show a lot of upside because they generally give out hefty distribution to sustain the NAV..
The service charge on these funds are higher, and the management fees are also higher..
That's why buy cheaper funds to cut down on these..

The amount is not substantial in general.

Well, I still don't have telemutual. Have ask Penang PM branch to mail me the application form. Still waiting to arrive at my doorstep.

Well, you still need to check over the counter to clarify it..
If nothing is lost then nevermind..
I have communicated with my agent..
Might switch the fund from PFEPRF into PFEDF today, still have some presigned forms..
If I'm lucky the regional market will not rise a lot today..
If not, I'll be buying at a price around 0.32xx..

I think won't be 0.32++, if rise, also should be 0.31++...

0.90 OR 0.30 makes no different, the upside potential is because of their portfolio stocks. If their particular stock portfolio is going up, its UT NAV can go 1.30 or 2 also. You won't see much becuase generally when they reached that level , they like to split it to make it small.

Service charge and management fee is calculated based on % of the total fund size, so whether it is 0.30 or 0.90, they still charge the same amount. People may think if service charge is 5% so 0.30 will charge less (0.015) as compared to 0.90 (0.045) but if you use 9k to buy both fund, the amount being charges still the same!

9K you get 10,000 unit of 0.90UT
9K you get 30,000 unit of 0.30UT

10,000 x 0.045 = 450
30,000 x 0.015 = 450

Still the same lar.

This post has been edited by cherroy: Oct 10 2007, 05:08 PM

hope to see you in a mutual gold seminar next year then..

folks.. when you execute a switch.. don't expect to see an update so quickly.. it can take 3-working days (same goes with new account creation).. but make you keep a duplicated copy of the switching form.. if the said form does not have an official date stamp.. that can be "iffy" if there's a dispute later on.

some branches/agents do not submit forms on time back to HQ.. so the official date/time stamp is crucial to lock the price for the transaction.

the system between pbank and pmutual is still pretty primitive.. the core system is driven by ibm as400 platform..

the irony is.. even when you perform a redemption and elect to credit the proceed to a pbank account.. pmutual will have to issue a hardcopy cheque and bank it in.. old school style.

folks..

i noticed a not so correct assumption regarding the price vs performance issue..
it has alot to do with asset classes in the managed fund industry.

funds that have value of RM1, mimics the par value of a fixed income asset class/category/group.
anything below that RM1, is just a mere valuation of the fund concern.. you can't exactly treat it like a single stock per se.

what i can't absolutely be certain is.. how fully a fund is vested will have an indication to its price, moving forward. you see, when a new fund is first launched, it may not be fully vested as per the deed.. as the investment period moves forward, so will the vesting level.

from a fund management point of view.. i believe a 40-sen fund is no different from a 90-sen fund.. however, the fund manager can choose to split the 90-sen fund to par it down to 45-sen to raise the affortability level.. ahh, but there's a catch for doing so.. it may have quickly hit the "deed" which amongst other thing.. also mentioned how many units are allowed in circulations at any given time.

some funds couldn't get the authority approval to expand(in unit terms) and it's forced to stick with the higher price..

thus.. if p-ittikal performs a split, it will be in a very tight situation.. for the fund size(in unit terms again) will explode to multiple times of its full-house limit.. so the price painfully crawls up.

Yes, I was just making a guess before the nav for tuesday was published..
Notice that I posted at 10.12am, so I don't know how much it might be..
After looking at tuesday's nav, then I can safely say the price will still be below 0.3100..

True true..
Sorry for the mix up, I said without providing calculations..
Thanks for clearing it up cherroy..

So you'll be going..?
There might be a seminar next month on PCSF..
Are you going..?

PS. How come everytime you post, there's be multi-posting..?
Hope it's not for the sake of increasing your post count..
I think you should just quote everything under one post, like what I'm doing here..

petty issue *lol*.. don't make youself sound like a small-timer..

well, the PCSF is not a mutual gold seminar, right? do you know who's the speaker(s)?
if it's those regular fund updates meant for agents.. then i'll give it a pass.
today, pmutual fund managers have grown sooo huge in numbers.. i can't tell who's doing what

This post has been edited by lwb: Oct 10 2007, 05:52 PM

So what's your point of making that many posts..?
Well, I'm not against anyone here, just that there's this general forum rule in my head that says "No multiple posts".. So I don't think I'm wrong for making my statement..?

That seminar could be a PCSF review session for mutual gold investors by Mr. Lum himself..
If it's the regular fund updates meant for agents, why would my agent tell me about it in the first place..?

This post has been edited by Jordy: Oct 10 2007, 06:15 PM

Yeah

I'm thinking by early next year after getting my bonus should be able to be liao. Only matter of when is the next correction before I made another sai lang of that amount nia

KLCI
All Time & Current High: 24/07/2007 1392.18
Correction Low : 17/08/2007 1191.55

I called PM CS today to check for the switching of my PSBF. Surprisingly, she told me that there's no switching record done in last week. I was WTH! Not sure if my agent did submit my switching request. Have to give me a call and complain or scold him already.

By the way, I got my TeleMutual application form today. Finally ... it's such a simple one-page form.

if you're not against anyone here.. why don't you stop quoting it? (it's like taking a shit first and then say you ain't shit in the first place)..

if the seminar is for mutual gold investors.. i would've known it myself. mr.lum was the reason why i didn't attend this year's mutual gold seminar.. (i hope you're not referring to mr.lam.. who has retired from pmutual)