can you switch from a PM fund into a PB fund or vice versa?
Public Mutual, PM/PB series fund
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 Sep 6 2007, 09:56 PM
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#1
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Junior Member
76 posts Joined: Jan 2006 
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Sep 28 2007, 08:15 PM
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#2
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Junior Member
76 posts Joined: Jan 2006
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I just switched some of my funds from PFEPRF to PCSF.
Hopefully its sooth sailing ahead... |
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Sep 28 2007, 09:41 PM
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#3
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76 posts Joined: Jan 2006
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I from my total investment in PFEPRF i was losing abit less then RM50 only. This was because i made 2 topups when the price was lower, cant remember the exact price.
I didnt switch all my funds out of PFEPRF into PCSF. I switched about 3/5 of it. Coz i am a new investor, so i thought better to have two funds, that why i have greater exposure and abit less risky. Btw, I switched it today before 3pm. Does that mean that i bought the units at the NAV listed at PM website today or is the one thats gona be on tomorrow? My agent told me earlier but i kinda forgotten.  This post has been edited by lelong1234: Sep 28 2007, 09:43 PM |
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Sep 28 2007, 10:02 PM
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#4
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76 posts Joined: Jan 2006
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QUOTE(Jordy @ Sep 28 2007, 09:49 PM) If you switched today before 3.30 cut off, you'll be selling and buying at NAV on Monday.. Oh.. thanks for the info..It still has to depend on Monday, because the regional markets were a bit mixed today.. I think PCSF will be registering some mild gains, seeing both HS and CSI were up, only TW was down.. At least better than me.. My lost on PFEPRF is a little higher than RM50..   Your lost is probably a little higher because you invested more than me.  One more thing, how go I go about registering for the telemutual service? Can I use telemutual to switch over into a fund that i previously never held? |
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Oct 5 2007, 04:11 PM
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#5
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76 posts Joined: Jan 2006
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QUOTE(Jordy @ Oct 5 2007, 11:38 AM) Cheers David83.. HSCEI is now up 4.331%Looks like PCSF price is set to recover.. HSCEI - 428.45 2.56% Added on October 5, 2007, 11:44 amPCSF - 0.2714 (net profit 1.8k) PIADF - 0.2704 (net profit 1.5k) PBADF - 0.2657 (net profit 1.3k) PBEPEF - 0.2465 (repurchased net profit -103.5) Still having profits of over 4k, so still good.. Anyone who got into PCSF yesterday will stand to gain.. Hopefully can recover the loses from the past two days... |
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Nov 3 2007, 12:48 PM
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#6
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76 posts Joined: Jan 2006
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So you get taxed on the distribution? So logically speaking after the distribution you will lose some money right?
ie. if have invested RM10,000 and there is a distribution of 10% = RM1,000. The RM1000 will be taxed 27% = RM270. Therefore your investment is now only worth RM10,000 - RM270 = RM9,730 So for a distribution of 10%, you lost 2.7% of your total investment to taxes... This post has been edited by lelong1234: Nov 3 2007, 12:48 PM |
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Nov 3 2007, 01:45 PM
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#7
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76 posts Joined: Jan 2006
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QUOTE(Jordy @ Nov 3 2007, 01:30 PM) Not really.. oh.. so how do you go about getting it back?At the moment you can still claim back the tax paid.. So, you don't lose anything fortunately if your not working, do they also tax you? |
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Nov 3 2007, 07:33 PM
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#8
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76 posts Joined: Jan 2006
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QUOTE(Jordy @ Nov 3 2007, 01:54 PM) Yes, but if your income is not in that tax bracket, you can claim your tax.. Oh.. ic.. wah.. so troublesome have to go do all this especially if you only have a small investment. They tax you the highest tax bracket.. Just send the application to IRB and you'll get the refund.. Btw, is there like a certain period after the distribution is made before which you have to fill in the application for the refund? Or can you like just go once a year to get the refunds for all your funds? (because funds usually give out their distribution at different times) |
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Nov 4 2007, 12:37 AM
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#9
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76 posts Joined: Jan 2006
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oh.. understand now.. thanks for all the clarifications.
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