How to Invest In Public Mutual Trust
Read and Understand the Prospectus of the Fund(s)
Firstly, get a copy or download the Master Prospectus from our site. The Master Prospectus will describe all aspects regarding the fund(s), ie; the investment objective, distribution policy, portfolio risk, fees and charges etc. You may also access the interim and annual reports of each fund from our site.
How to open an account
You may complete an Application Form which is attached in the Prospectus. If you are opening a new account, most of our unit trust require a minimum RM1,000 to start.
You may enclose cash or cheque together with your application form. Cheques must be made payable to Public Mutual Berhad.
For EPF members investment scheme application, the KWSP 9F (AHL) is required to be completed and submitted along with the Application Form.
Please bear in mind that you will require the assistance of a servicing agent on opening a new account. The servicing agent will help submit your application form and initial investment to Head Office or branch office or via our collecting centres for processing.
Once you have completed the Application form submit together with a cheque made out to Public Mutual Berhad, to our Head Office via our Public Bank collection centres. You are considered to be a unitholder of your selected fund upon your banking-in and acceptance of first investment with us. Please ensure that you retain the bank-in slip issue by the bank for future reference.
How to Invest Regularly to Your Investment Account
You may add on to your existing investments as and when you wish, or on a regular basis. The minimum additional investment for most of our unit trust is RM100. You may make your investments at our Head Office, branch offices or at Public Bank and Public Finance branches or at any of our collection centres throughout Malaysia.
To elect to invest on a regular basis, you may arrange a Bank Standing Instructions with Public Bank, Public Finance, Maybank Autodebit or Bank Simpanan Nasional. Want to know more about the benefits of regular investment strategy or "dollar-cost averaging" ?
" The Principle of Dollar-Cost Averaging involves a disciplined regular investment technique, which may be applied to maximum effect in unit trust investing. All that an investor has to do is to invest a regular (monthly) sum of money with a selected unit trust fund over a period of time in order to arrive at his target principal investment amount at the end of that period. This way, he does not have to worry about market timing, or where shares prices or interest rates are headed. His regular investment amount will buy his less when the market is up, and more when the market is down. He may be accumulating the units at their lowest average price over the period."
Exercise of Cooling-off Right
The request to exercise your cooling-off right must be submitted either to the Public Mutual Head Office, or to any of its branch offices within 6 business days from the date of the application form (deemed to be the date of depositing of investment monies into the collection accounts of Public Mutual). You will be paid a full refund of your investment principal within 10 days from the date of exercise of this cooling-off right.
For EPF unitholders, the cooling-off period shall begin from the date of the application form (deemed to be the date of acceptance of the application form by Public Mutual).
Corporates or institutions, staff of the Manager and persons/agents registered to deal in its unit trust funds are not entitled to the cooling-off right.
Under the cooling-off request, the refund for every unit held by the unitholder will be the sum total of :
a) the NAV of unit on the day the units were first purchased; and
b) the sales charge per unit imposed on the day the units were purchased.
Exercise of Repurchase, Switching and Transfer of Units
Repurchase
Should you decide to either partially or fully redeem your units, you may contact either your nearest Public Mutual branch office or Public Mutual Head Office for a copy of the "Request For Repurchase" Form. Complete the form and submit to Public Mutual Head Office or its branches. You will be paid the repurchase proceeds within 10 days from our receipt of your repurchase request.
Switching
You may move your investments between funds in response to changing financial goals or market conditions by contacting either your nearest Public Mutual branch office or Public Mutual Head Office for a copy of the "Request For Switching" Form. Complete and submit the form to our Head Office or a branch office.
Transfer
For the transfer of units, you may follow a similar route of procedure but make sure to request for and complete the "Request For Transfer" Form.
Minimum Investment Balance of 1000 Units
Whatever you may do by way of repurchase, transfer or switching of funds, you must always ensure that you leave a minimum balance of 1000 units in your account at all times in order to maintain your account with the fund.
In the case of partial repurchase, the Manager may elect to repurchase the entire account if the effect thereof would be that the unitholder holds less than 1000 units.
Pledging of Units as Collateral
Units held by you may be pledged as collateral for securing loans with Public Bank under the Unit Trust Flexi-Loan Express (UNIFLEX) Plan. The UNIFLEX Plan has many advantages. For details on the UNIFLEX Plan, you may call Public Bank Hotline : 1800-883323.
Borrowing to Purchase Units
You may utilise the loan financing scheme available with a maximum loan margin of 60% of the total investment amount. The two financial institutions offering such loans are Public Bank and Mayban Finance. These institutions, however, retain the right to determine the availability and extent of this loan facility. You are required to read and understand fully the risk disclosure statement on the loan scheme before signing off on the statement (Please refer to Loan Financing Risk Disclosure Statement attached to the Prospectus).
It is our company policy to discourage the use of loan scheme in the purchase of units.
Unit trusts are considered long term savings vehicles which should, theoretically speaking, return better than bank deposits or bonds through its investment in equities or other market-related securities. But likewise, unit trusts cannot avoid assuming to a certain extent the market risks inherent in its portfolio investments, and it would be considered unwise for the unitholder to undertake borrowing to purchase his units as it may serve to accentuate any capital loss incurred by him in the event of a prolonged weak (bear) market. Cash purchase of units is encouraged, and unitholders should instead, seek to invest regularly (through time) to accumulate the total number of units desired by them.
posted by maik at
7:47 AM
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