My Investments with Public Mutual

In a previous article on Public Mutual, I talked about my first unit trust investments.

Yesterday, I added some more to my investments. The usual routine took place whereby my unit trust consultant came to my house, we chatted a little, signed a few forms, and my consultant goes away with a smile on her face (because of the commissions of course). Hehe.

An interesting information to share, she told me that beginning from January 2008, the service charge for individual investors has been reduced to 5.5% and for EPF investors, around 3%. That’s good news for the investors (still a bit too high) but bad for the unit trust consultants because of reduced commissions 😉

I topped up my current holdings of Public Asia Ittikal Fund (PAIF) and Public Islamic Dividend Fund (PIDF).

I also invested in 5 new funds of various risk profiles and investment strategies. They are:

1. Public China Ittikal Fund (PCIF) – Aggressive – International
2. Public Islamic Sector Select Fund (PISSF) – Aggressive – Domestic
3. Public Islamic Asia Dividend Fund (PIADF) – Moderate – International
4. Public Far-East Property & Resorts Fund (PFEPRF) – Moderate – International
5. Public Islamic Enhanced Bond Fund (PIEBF) – Conservative – International

In terms of geographical location of my funds, about 50% of my portfolio is invested in the domestic market and another 50% in the international market.

In terms of risk allocation, around 62.81% of my portfolio is invested in aggressive funds, 28.3% in moderate funds, and 8.26% in conservative funds.

I am feeling a bit nervous of the Public China Ittikal Fund (PCIF) though. Don’t get me wrong, I am rather confident that China will be a force to be reckoned with in the long-run (that’s the reason why I put my money there) but with regards to the short-term outlook, I am feeling a bit skeptical.

I asked my unit trust consultant on what she thinks will happen to PCIF within the next 12 months. According to her, her adviser had told her that we might see PCIF rallying till the Beijing Olympics 2008. So, perhaps, I might hold on to PCIF up until the Olympics, then switch funds, let it cool down a little, then re-enter? Hmm, we’ll see how it goes.

On another matter, we had seen the Chinese Stock Market absurdly marched into higher territory year after year. Do you reckon that a stock market bubble is forming in China? Is there going to be a huge bubble burst in China like we what we had in the global market back in 2000 (IT bubble burst)?

Honestly speaking, I don’t think we can compare these two together. The two situations are totally different. The Chinese stock market advancements are driven by strong and valid fundamentals. This is evident in the year after year China’s economic growth. Commodities are being fed into the World’s factory which are then transformed into amazing Gross Domestic Product (GDP) growth. Perhaps this year, we might see a slowdown, but who knows, China might stun the world once more.

The IT bubble on the other hand was based on nothing concrete. No fundamentals, no nothing. In fact, there were a lot of IT companies whom share price went up astronomically even though they were not bringing in any earnings into the company. They were just there raising capital for nothing.

All in all, we’ll see how it goes. After all, when it comes to investments in EQUITY unit trust funds, we need to look long-term of 5 years and more.

~~~~~~~~~~~~~~~~~UPDATE 15/01/2008 ~~~~~~~~~~~~~~~~~~~~~~~~

I was told by my unit trust consultant that the Public Islamic Sector Select Fund (PISSF) is not open for new investments anymore (fully subscribed). The same thing goes to the non-Islamic Public Sector Select Fund (PSSF). So, in replacement of my initial plan of PISSF, I’ve put my money in the newly launced Public Far-East Consumer Themes Fund (PFECTF).

~~~~~~~~~~~~~~~~~ END OF UPDATE 15/01/2008~~~~~~~~~~~~~~~~~~

Disclaimer: This article is not a specific nor general advice on managing or investing your money. This article does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs.

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Islamic Financial Services Handbook
Why Pyramid Schemes Don’t Work
My Second Painting
Property Investing: Battle of Conscience
Subprime Crisis : What it really means?

About nadlique

This blog is about the journey of a 28-year-old Malaysian towards financial freedom. This blog was started back when the blogger was 21 years old. However, his journey towards financial freedom had begun way before that. Materials such as investing, business, entrepreneurship, equities, and real estate are presented. The author also posts his thoughts and observations on life in general.


  1. apa akan terjadi pada pcif?

    saya pernah jawap soalan sebegini di 1 forum dengan jawapan sebegini

    “dalam 2,3 hari ni aku puas kaji
    US jatuh, berapa banyak dia tarik yg lain jatuh?

    tapi yg quite sure “consumer” china tak jatuh.
    tapi aku tengok CNBC mlm tadi, kat US pun org dok lari ke consumer punya kaunter.

    tapi bila fikir balik, kalau dah ramai sgt terlalu awal pergi ke consumer, kaunter consumer akan tinggi sebelum sempat kita invest.

    samada pcif ni OK ke tak?
    aku still believe dia akan behave macam consumer_fund_yg_baru_tu.

    pasal kalau ikut sejarah, masa klse jatuh dulu, ittikal tak jatuh sgt pasal dia pilih sektor yg betul, walaupun dia bukan jenis berasaskan sektor macam pissf dan psssf , kalau fund manager aware kena invest sektor tertentu.

    fund manager public aku rasa awre yg dia kena invest kat sektor tertentu musim sebegini.

    cuma masalah yg aku rasa kan timbul ialah, mana nak cari consumer base counter kat china yg islamic. susah kot. perhotelan dan confirm tak islamic, pasal ada arak
    peruncitan pun , mana ada kedai tak jual arak.

    so dipendekkan cerita, kalau org jenis langgar je islamic ke tak. go for prsec atau fund consumer yg baru ni.

    sedihnya pissf hari tu jadi goreng pisang panas sampai habis dijual.
    tu je dana berasaskan sektor yg islamik yg aku nampak.
    kalau pissf masih dibuka, pissf surely akan pergi ke sektor perladangan, sektor berdentum klse sekarang ni.

  2. Perspektif yang menarik.

    Saja saya nak tambah. Kalau nak ikut islamic ke tak, sebenarnya saya tertanya-tanya apa kriteria untuk kaunter kaunter yang Islamic?

    Baru-baru ni, saya baru terima Annual Report untuk Public Asia Ittikal Fund (PAIF). Di dalam report tu ada senarai holding-holding yang fund tu pegang. Bagi pelaburan di Australia, salah satu company yg fund tu pegang ialah A.B.C Learning Centres Limited. Company itu berurusan dalam bidang childcare. Kalau ikutkan, memang tak melanggar syariah. Tapi, kalau tengok A.B.C Leaning Centres punya financials, dia org punya Debt-to-Equity ratio ialah 92.6%! Dengan kata lain, majoriti daripada bisnes mereka dijana oleh debt. Setahu saya, di Australia, tak ada lagi pinjaman pinjaman bank berasaskan Islam. Kalau tak silap saya juga, saya pernah terbaca (tak ingat baca kat mana dah), antara kriteria untuk company yang mematuhi syarat syarat “Islamic”, company tu tak boleh mempunya debt-to-equity ratio yang lebih daripada 33%.

    Tu lah, saya rasa zaman sekarang ni, kalau betul betul nak cari kaunter kaunter yang betul betul “Islamic”, memang susah.

    Balik kepada PISSF, setahu saya, masih available. Sebab tu saya masuk dua hari lepas. Cuma, tak qualify lah untuk diskaun service charge tu dengan kita tak masuk masa harga RM0.25 per unit.

    Ok lah, ini sekadar pandangan saya.

  3. Haih, just got a call from my unit trust consultant this afternoon. seems like i can’t get onto PISSF anymore. fully subscribed.

  4. Hi, I have just invested with Public Mutual and my agent printed my statement for me, which I have some doubt and yet my agent cannot answer me. Perhaps you can enlighten me abit on this. My statement shows my initial investment is RM1000, Service Charge is 5% and Service Charge amount is RM47.62. My question is, why is the amount not tally with the percentage? 5% of RM1000 should be RM50. Though I actually paid less in this situation, but I don’t think Public Mutual will make such a silly mistake like this, there must be a way to explain.

  5. Hi Jani,

    The answer to your question is actually really simple.

    When you invest, say, RM1,000, not all of the RM1,000 goes towards purchasing your unit trusts. Some of that RM1,000 will go towards purchasing the unit trusts, and some will go towards paying the service charge.

    Try deducting RM47.62 out of the RM1,000. You’re going to get RM952.38. Now, try multiplying 5% by RM952.38. You will now get RM47.62. There you go. That’s the service charge for your RM952.38 worth of investment. 🙂

    So, your actual unit trust investment is RM952.38, not RM1,000.

    Once again, it’s important to note that when you invest a sum of money in unit trusts, not all of it goes towards your investment.

    Hope that answers your question. Feel free to ask more questions 🙂

  6. By the way, try dividing RM952.38 by the NAV per unit of your unit trust investment, you’ll get the the number of units you own, as stated in the statement that your unit trust agent has printed out.


    RM952.38 / RM0.25 per unit (assuming it’s RM0.25) = 3809.52 units.

  7. Hi Nadlique,

    I’m pretty new to the investment scene but I would love to try them out especially the one that is related to unit trust industry. However, by looking at your portfolio of funds, most of the funds under-perform the market over the longer term. Don’t you feel this is dangerous?

    May I know what are your investment goals? And how is the total return of your investment in Public Mutual so far?

    I’m still in the process of learning and I hope you don’t mind to share your experience with me…

    (^-^) shumi

  8. Hi Shumi (^_^)

    Sure thing, I don’t mind at all sharing my experience with you 🙂

    My investment goal is to of course achieve financial freedom by 30. I prefer investing money on my own, but since I’ve got no time at all to monitor the Malaysian market at the moment, that’s why I have parked my money with Public Mutual. At least, there’s the potential of better returns than just leaving them in ASB or just normal savings account. Here in Australia however, I invest my money on my own.

    In terms of total returns so far, well, I entered PAIF and PIDF back in July 2007 and entered the rest about 1 month ago. Also, due to the market uncertainty we are seeing lately, yeah, I am currently suffering negative returns.

    Hmm, what do you mean by most of the funds under-performing over the longer term? If you meant by their historical performance, then, I think they are not doing too bad. Apart from Public China Ittikal Fund (PCIF) and Public Far-East Consumer Themes Fund (PFECTF) because they are new funds, the rest have got satisfactory historical performance. However, of course, it is no indicator of how it will perform in the future.

    Anyway, I’ll be working on a new article about Exchange Traded Fund (ETF) which is really similar to Unit Trust, just that the costs are much much lower. So, might want to consider that as an investment too. Watch out for that article!

    I hope I have answered some of your questions and I surely hope that I have not confused you! 😛

    Anyway, start slowly, don’t give yup, you’ll get there 🙂

  9. Thanx Nadlique, really appreciate the info. Have u heard about the Prudential fund? My friend ask me to buy the fund, but I really unsure about the fund’s performance

  10. No problems at all.

    Yeah, I have heard of Prudential but I’m not really that familiar with their products.

    Do you know whether or not it is a true Mutual Fund (unit trust) or is it an investment-linked insurance?

  11. What difference does it make if we invest in an investment-linked insurance?

  12. Based on what I read, there’s actually quite a huge difference.

    Investment-linked insurance is basically an insurance whereby you need to pay extra in premiums (a lot extra I believe) and the product gives you the convenience of insurance coverage and investment.

    That does sound good but often, these funds underperform by a huge margin. So, often, it is better to opt for TRUE unit trust products.

    If you actually want the insurance, then take the non investment-linked insurance, pay smaller premiums, and invest the rest in other higher yielding assets.

    Insurance should be treated as a protection tool only, not as an investment. As such, protection and investment are two different things.

    I got this info from a book entitled “Financial Freedom” written by folks from MAAKL mutual.

  13. Kaki Judi says:

    I found this investment-linked related article which you might want to check out.

    It seems it’s quite similar, just that the investment-linked one has insurance charges and unit trust is purely investment.

    Also, investment-linked is regulated by Bank Negara while Unit Trust is by Securities Commission, and both reports to Ministry of Finance.

  14. HI Nadlique,

    Bump into your blog while searching for some info on Public Mutual. Interesting blog indeed! GREAT JOB!

    Unit Trust investment indeed a proven investment vehicle that come with low risk and above average return! If you have seen PM’s trace record, you will know what I meant 🙂

    How the rich manages his funds? Appoint Fund manager? Of course! But ppl like us which small reserve, what do we do? Not enough to buy most bluechips counters to average the risk, of course NO WAY to have these smart fund managers to give us the guidance. So THE ONLY WAY to levarage on their expertise – invest in unit trust! Basically, even we come out with as little as RM 1000, we will be treated and managed the same as those who invest RM 1 million! We are the bosses of the fund managers even we only chip in RM 1000!! How about that??

    Back to your question you had on PCIF. I am sure you must have completely lost your faith in this “Oylmpics Rally” story lines by now! What does it tell you? – MARKET IS UNPREDICTABLE! When we feel so good about the market, there is when it will be hit. When we feel lousy and disappointed, there is when we SHOULD see investment opportunities. Against the human nature? Yes, that’s why no many make it big through investment. Too typical….

    Unit trust will only good for you to achieve your investment dream, only if, you have a good knowledge and understand of how to invest in Unit trust. Switching out after the Oylampic, is it a good idea? I don’t know. But proven again and again, switch in and out with your unit trust portfolio not necessay a smart thing to do.

    When we invest our hard-earned money. We have an objective – an investment objective. For eg, I want to double my money in 5 years time. So, how to we do it? Where to park the money to achieve that? Have you heard of “Rule of 72” – a basis but powerful rules to help you stay focus in your investment portfolio in order to achieve your investment objective – financial freedom in your case. With an understanding of this rule, you will be smarter in term of funds selection. Or even in any other investment you choose in the future! Of course Rule of 72 is one of the many knowledge one can obtain…

    I will present you with this so called “Rule of 72” if you are interested. (don’t want to flood you with information that you are not interested in ? )

    Ohh..did I mention, you and I have the same dream – to achieve Financial Freedom in 10 years time (not as ambitious as yours – 9 years)

  15. salam nadlique,

    i’m just spoke with my unit trust agent, she advice me to do an EPF ‘withdrawal’ (meaning that:20% from the minus balance…eg: minus balance = 25000 (my account 1) – 16000 (epf criteria coz i’m 29 y.o), and put into new fund that will be launch on 8th April (growth …ntah apa.. tak tau lagi :).

    my Q is, 1)is it that way is safe and
    2)is it menguntungkan?

    so far, which fund in public mutual that u think more profitable. I did invest in PIDF and PIADF, my PIDF already long time I tak top up. heheh, actually how to top up in PIDF, need to wait for agent call ke or I just can top up any time.

    thank you!!!

  16. @Ila

    Salam Ila,

    To be honest, I’m not really in the position of advising you on whether what you’re about to do is good or bad. I’m the proponent of “when it comes to managing money, one must exercise his/her own judgments and take full responsibility.”

    However, as for me, withdrawing money from my EPF account and invest them in assets that could potentially provide me with higher returns is really something I would be contemplating. But remember, my risk tolerance level might not be the same as others.

    Just remember that when you invest in aggressive funds (most growth funds are aggressive), there’s the risk of losing money. In fact, if I’m not mistaken, my unit trust investment has lost somewhat between 10% to 20% of its value for the past 3 months. It is very very risky. Might not be everyone’s cup of tea. This is to answer on your query “is it safe.”

    Addressing the second query, on whether it is menguntungkan or not, well, I can’t say for sure. Historical records of Public Mutual has shown a somewhat amazing performance but hey, that was due to the bull market we have been having for the past 5 years. Quite a number of funds were introduced during the bull market, so, the performance records can be a bit biased.

    That’s why when it comes to unit trust investments, especially the aggressive ones, it is good to look long-term (say around 10 years or more) because then, the odds of being profitable is higher. But as they always say, the market is unpredictable, and anything can happen. Remember that nothing is guaranteed.

    Also take note, aggressive funds = higher potential returns. However, higher potential returns = higher risks.

    Sorry I can’t give a straight answer on whether or not it is menguntungkan.

    Remember one thing though, when your unit trust agent or anybody else tells you to get on board an investment scheme and say “This fund will give you 70% return in two years”, don’t believe them. Those are just expectations. Nobody can predict the future.

    Anyway, establish what you’re comfortable with, then go from there. Ask questions like, “will you be able to sleep at night after knowing your investment has dropped by 30%?”, and “how will I react if my funds fall by 30% ?”

  17. @Ila

    Oh ya, kalau nak top up, biasanya you call your agent, then he’ll come to you. I think need to fill a form, hand over a cheque, and that’s it.

  18. @Jean

    Hey Jean! Welcome to my blog 🙂

    Regarding the “olympics rally”, I didn’t really pay much attention to that anyway. I plan to hold on to my UT investments for, give or take, about 10 years anyway.

    Plus, I am a technical analyst, thus, I don’t pay that much attention to fundamentals.

    Yup, I do know about the Rule of 72. In fact, I’ve got an entry written up about that rule. Just that, I didn’t have the time to post it up yet. Will do so within the next couple of weeks.

    So, we’ve got the same dreams huh? That’s kool 😉

    9 years is because I’ll turn 30 in 9 years.

    Anyway, what other investments are you involved in?

  19. Ila,

    Invest your EPF! Why? EPF only provide you with a return of 5%, and what is our inflation rate? on paper 4%, in actual? come one…far more than that. So what even your EPF preserve your value of money against inflation, you gain nothing at the end of the day. But i am telling you, 5% is not our inflation rate. Last year you have your coffee at RM 1.00, this year you have it at RM 1.10, is 10% up!!! look at your petrol cost. Come on, 5%, fool who?

    What is the best and safest PROVEN investment method with unit trust – Dollar Cost Averaging Method. And EPF allows you to do so by investing in every 3 months from the date of your last approved investment. GREAT!

    What is needful to ensure you make money from unit trust? – holding power. So, with EPF, you can’t touch it until you turn 55 years of age. So, you have all the holding power needed to see the return.

    What fund to choose? My technique – stick to one fund and don’t spread your quarterly investments from fund to fund? why? Because if you invest in different funds everytime the investment due, you have just missed the advantage of Dollar Cost Averaging!

    You have invested in PIDF. Why not continue putting your EPF into this fund. You will soon see the power of DCA. Although I am not saying that the coming new fund is not a good fund.

    If you want to understand more on DCA, let me know! I have good article on that topic. Don’t mind to share

    Happy Investing!

    • Adilyas says:

      Hi Jean,

      I have started investing in Public Mutual under the EPF scheme. However I’d like to know more about this DCA you’re talking about as I’m also planning to invest in cash.

  20. Hi Nadlique,

    For a 21 years old girl, I have to say i admire your knowledge and your go-getter attitude! SALUTE

    TA…mmm..I am a fan of FA. My investment role model – Warren Buffett. He invests long term and he invest in a company when he sees the value. So, often when TA called for a sell (normally when market heading south), he will call for a buy! Anyhow, no right or wrong individual choice.

    That’s why China is my choice despite the current setback in their stock market. Why? Simple. Just look at the population of china – 1.3 billion registered headcount (hehe..we know many of them are not registered especially those stay in the kampong)! we here only have 28 million in Malaysia. Just imagine each of them spending USD 1 per day..halo, we are looking at USD 1.3 million circulating in the market each day! Can you see the domastic demand. So invest in china, we will see good return in long term

    So, when ppl are panic selling now, as for fund, when it is terribly cheap now (barely RM 0.20 cent now), invest and collect more units! average down your cost so to bring down the breakeven point…while accumulating your units (don’t forget divended is paid based on number of units you have!)

    What other investment I am involved in? I buy property, I buy land, and I buy shares…oh..of course Unit Trust too. We can have our money sitting in the bank and eroded by inflation, can we? Afterall, for woman, we will just spend it away if we see space cash.

    But to achieve investment is only one channel, to achieve financial freedom takes more than that. We need to build our pipeline – a pipeline that bring the money to us even when we sleep, eat, and play. YES..passive income is what I am referring to….So, I am into anything that bring me this pipeline…

  21. HI Nadlique,

    I wrote a long reply to you..and somehow when i submit, it doesn’t seem to appear….alamak.

    I am going to cut it short this time!

    What other investments am I involved in? I invest one property in Penang, I bought a piece of land, I into shares, and of course Unit Trust. I just can’t see my cash idle in the bank and being eroded by inflation.

    But if we talk about financial freedom..really, investment only one of the channel that helps our money working harder for us. To achieve financial freedom, we need to build our “pipeline” which will bring in cash even when I sleep, when I eat and when I play. Yes, passive income is what I am talking about here. We can’t just multiple our active income now and not building up our passive income, can we?

    You are a TA? mmm..I am a fan of FA. I like to look at investment from fundamentals point of view. Let’s talk about China, even we are seeing their share market heading south, but we all know in long term the country is going to be big! Why so sure? simple! just look at their population – they have 1.3 million ppl in china (this is just the registered one, and we know there are many unregister china people in the Kampong!) and we only have 28 million here in Malaysia. Just imagine, if one of them just spend USD 1 per day, halo..we are looking at USD 1.3 billion circulating in the market each DAY! With such huge domestic demand, and being a cash rich country, I don’t see why they won’t be the next eco “big brother” in the world. So, if your PCIF is going lower than your cost. If you have spare cash, average it down and bring the breakeven point lower while collecting more units with much cheaper cost. Bear in mind, your dividend is paid based on the number of units you have in a fund.

    What other investments am I involved in? I invest one property in Penang, I bought a piece of land, I into shares, and of course Unit Trust. I just can’t see my cash idle in the bank and being eroded by inflation.

    But if we talk about financial freedom..really, investment only one of the channel that helps our money working harder for us. To achieve financial freedom, we need to build our “pipeline” which will bring in cash even when I sleep, when I eat and when I play. Yes, passive income is what I am talking about here. We can’t just multiple our active income now and not building up our passive income, can we?

    I do have an interesting story about building the pipeline..will post it later

  22. An interesting movie clip, showing us a difference between a job and a pipeline.


  23. It’s good to hear that somebody is making a lot of effort in securing his/her financial future! 🙂

    Hehe, talking about TA and FA, there’ll always be a hot debate between the two believers. I am considering writing a post about this. Just to spark some hot debate.

  24. hi jean!

    interesting to know about DCA. currently, i do had invest in 2 unit trust, PIDF and PIADF (hehe forgot its name). therefore i’m looking to invest in growth fund with my EPF.
    My agent said that I can’t mix with cash and epf in one fund, hehe dunno whether it’s true or not.
    so interested to look forward about DCA! 🙂

  25. You can invest in a fund with both cash and EPF. There is no restriction in fund choices as far as cash investment is concerned. For EPF, however, you can only invest in the selected local funds. PIDF is one of them. However only cash investment is allowed for PIADF.

    Basically DCA is a process of you investing at regular intervals, usually monthly, which allow you effectively put your investment programme on autopilot. This helps to eliminates the problem of marketing timing.

    Let see why this is worth doing. Let assume we have Mr. A, put asides RM 500 each month into unit trust. It price rises and fall in tandem with the stock market’s condition. When the unit price of his fund is low, Mr. A buys a lot of units. Likewise, when the unit price is high, his RM 500 will buy lesser units. So, what would happen over time? As months and years pass by, Mr. A buys his portfolio of units at average price that is much lower many of those that buy lump sum at a single price.

    Jan’s price@RM 1.00; total invested units = 500 units

    Feb’s price@Rm 0.75; total invested units = 666.67 units

    March’s price@RM 0.73;total invested units =684.93 units

    Apr’s price@RM 1.01; total invested units =495.05 units

    May’s price@RM 1.30; total invested units = 384.62 units

    June’s price@RM1.05; total invested units = 476.19 units

    Total invested amount = RM 3,000 (RM500 X 6 months); and total units invested = 3,307.46 units

    So, His per unit cost equals RM 0.91 (3,307.46/RM3,000). The averaged cost is much lower than his first entry cost of RM 1.00

    Let’s look at another way to illustrate the power of DCA. Mr. A bought the fund at RM1 in January and now dropped to RM 0.75 in Feb and 0.73 in March (it is happening now). He would have lost 27% as of March if he has not opted for DCA investment method.

    Since he has constantly invested in the same fund, his average cost has reduced to RM 0.81, or a lost of 19% as of March instaed of 27% as shown above. When the fund’s performance improved to RM1.01 in April, he has made a profit of 19% instead of a mere break-even if he had only invested once while the price was RM 1.

    So, under current roller-coaster market situation, investor like Mr.A will be the big winner! Why? Because his cheaper acquisition cost will likely allow him to reap a larger profit when the share market improved.

    Of course you can say, well, if I were to put in RM 1,500 one lump sum when the price was RM 0.74 won’t it be better? OF COURSE! But this require your expertise in timing the market. If you are not good at timing the market, then DCA would be the next best investment practice that you can adopt. Honestly, none of us can time the market, the market is simply too unpredictable which I suppose it is also why it creates many window opportunities for the smart investors to capitalise the bargain…

    I hope the above info is helpful.

  26. kamal says:

    hi nad
    love ur site and respect ur knowledge.
    which unit trust in pm that is islamic and can use epf money to invest in?which one do u think better to invest in ?thanks

  27. Hi Kamal,

    These are the Islamic funds that be invested with EPF:-

    1. Public Islamic Div Fund (moderate risk)
    2. Public Islamic Equity Fund (Aggressive)
    3. Public Islamic Balanced Fund (conservative)
    4. Public Islamic Select Treasures Fund (Aggressive)
    5. Public Islamic Optimal Growth Fund (Aggressive)

  28. Hi Kamal.

    Welcome! 🙂

    Jean has listed out some Public Mutual Islamic funds.

    Which one to invest in? Well, unfortunately I’m not licensed to tell you which one Kamal. All I can say is, determine your risk profile, and proceed from there.

  29. Hello there, dont u want to try to invest with CIMB? We have new funds called CIGEM (Islamic Fund) and Mena Fund (Middle East). If u r interested please email me at

    Thank u.

  30. Perhaps not at the present moment. Maybe next year. CIMB, do they have Public Mutual’s equivalent of Mutual Gold membership?

  31. i’m invested in ASB. Hope to see the result in 5 – 10 years time.

  32. Good luck fikry!

  33. Public China Ittikal Fund (PCIF) Good or not?

  34. Hi smithveg,

    Allow me to answer your question on whether PCIF is a good fund or it is not.

    Well, the main point should be whether it is a good fund FOR YOU or not. To choose a fund, you need to ask yourself the following: –

    1. What is your risk profile? PCIF is an aggressive fund, which means you will see BIG ups and downs from days to days. So, if you can’t bear to see your money losing like 3% a day (at the same time, you might see a 3% up as well), this is not the fund for you.

    2. Your investment time horizon. Because of the market situation now, you have to prepare to hold on to your investment for long term – 5 years and above. And try to invest regularly, i.e, monthly saving. Regular investment will help you to enjoy dollar cost averaging and hence do not have to worry so much of timing the market.

    Generally speaking, if you have withholding power, if you are looking for a long term saving plan for your future financial goals, this is a good time to invest while the price is low. Remember, do your monthly saving rather than lump sum investment.

    Good luck

  35. anybody knows when will the market be recovered…if like this die lorr.
    utc and mutual fund managers are the one who is smiling,but not the investor.
    regrets-should have stick to balance and income type funds.or even FD.

  36. Aiyah, your question is pretty much impossible to answer. If I, or anybody else for that matter, knows the answer to that question, we would’ve been billionaires.

    However, off the cuff, I’d say this crisis will drag on well into next year and early 2010. Remember, we’re seeing a situation that is close to the Great Depression back in the last century. It took years for the world to recover from the Great Depression.

    Regrets? With the benefit of hindsight, you can’t say that really. Just imagine if we’re still in a bull market. You would have regrets as well. Regrets of not parking your money in aggressive funds.

    Whatever it is, I do hope we get out from this craphole as soon as possible.

  37. Nadlique,

    I like the way your see “regrets”. The whole point is, we will never know what is coming next.

    My personal investment value has reduced by 60%, if it is not more. Honestly, I don’t quite worry about that. I have gone throught that in 1997, althought the total invested sum is much smaller then. BUT, when I invest, I only invest with my spare money – money that I meant to put aside for long term financial goals. So, I am not too stress up by this market situation. In fact, I am excited for I see great opportunity.

    Good luck to all of US!

  38. arimanjaya says:

    Can I just share with you guys regarding the Unit Trust Investment. CASH or EPF Scheme.

    Agreed with some of the recommendations given.

    Risk Profile
    Time Horizon
    Long Term Investment

    But been in this business for quite a while (but I am not a good salesman, though), for me the secret of succesful investment is Asset Allocation. You might have read that it represents 90% of the Invesment Success.

    My answer for Unit Trust Investment is this Unit Trust Investment is good ONLY if it is properly managed ie by doing a Portfolio Rebalancing from time to time.

    You must do a rebalancing once when market outlooks changes. Simple rule to invest in safe fund like Money Market or bond fund during the downtrend and and change it to Equity during the uptrend.

    Consultant ( not all) seldoms recommends Money Market bcos there is no commission attached to it. Even during downtrend, they still recommend Equity.

    Example of the importance of Portfolio Rebalancing, if you invest in Feb 1997 ( KLCI 1265 ) and still hold your investment today ( KLCI 850), BUY and HOLD strategy, you are getting negative returns ( easily minus 30% ) for 11 years. You will be getting more than 55% in FD, 60% in EPF and 100% in ASB for that period )

    BUT if you do a proper asset allocation during that period, you might get more than 500% return for 11 years, by switching between Money Market and Equity Fund.

    The question is who should manage? Of course it’s your consultant, bcos they get commission on your investment. if they cannot, then find somebody who can. But you really need to find them, bcos they are quite rare.

  39. unit trust consultant says:

    Congratz Nadlique coz u chose to invest in PM.Tindakan yg bijak.

    Don’t worry too much about the market la. We have our own strategy. Like, Dollar Cost Averaging (DCA). Top up duit dlm UT evry month, buat mcm saving. Sikit2 pn xpe. Lame2 jd bukit. Let the money works for us.

    If anyone need further explanation and interested in investing with PM please do not hesitate to contact me. . sorry kalo tuan punye blog rase mcm thread nie di hijack. sy cume nk mmbantu sambil2 mencari rezki =)

  40. Hi,

    Great to have read this thread.. It gave a lot of insight for me.. Good Luck to all of you..

  41. If anyone interest nak I jd agent utk pantau all your investment. Kindly contact me 0126605987. Currently Public Mutual dah launch new Islamic Fund (PISGIF) 0.25sen per unit. Terms is CASH only.

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