public mutual: satu untung, satu rugi!

last week i repurchased (read: jual balik) public islamic select sector fund (pissf) and public china ittikal fund (pcif). made a pittance on pissf and quite considerable loss on pcif.

it was super easy to do it. i just went to public mutual branch and filled in the repurchase form (complete with the fund's account number). up to three funds can be repurchased using a single form. the payout can be in cheque or direct to bank account (public bank or maybank). once everything is processed successfully, they will send a final transaction receipt. it took about 7 working days for the money to be ready.



pissf: invested RM5k, received RM5,370.
pcif: invested RM2.8K, received RM2.5K.

well, no more mutual funds for me. not cash investment at least!

that being said, not all public mutual funds are at loss, just certain funds. plus probably the purchase timing and the way i handled the funds was not right. tak buat dca, tak switch ke, entahlah. my epf investment on the other hand, i.e. public islamic dividend fund (pidf) and public islamic equity fund (pief) are making a handsome return. hope that the trend continues...

you'll lose some, you'll win some, rite?

7 comments:

budakbaru said...

i dont know what happened with so-called-gonna-boom-in-2010 CHina fund. aku pon ada invest dalam china fund tp thru CIMB. The result is the same. -15% until now. dayyum. nak switch to other fund sayang. nak topup to lower down cost price x konfiden plak. haih.

btw if u want alternative maybe can try fundsupermart.com. more fund choices. powerful web tools. online transaction. and the best thing is sales charge is 2% je!!! pasni tobat aku xinvest PM or CIMB dah. it's legal company btw. registered with FIMM.

JuRi said...

same here. expected that china funds would give great return, but so far...hampeh. cut my loss and moved on!

thanks for the suggestions. will definitely check out that website!

wakif said...

errr aku nyer dua2 fund masih belum balik modal... almost 3 years now!

JuRi said...

kalau x nak guna sangat duit tu rilek dulu la kot. it was supposed to be medium to long term investment anyway. aku jer tak tahan tengok -ve returnnnnn jer. hoho.

untung said...

brp thn invest ni?klu setahun mmg la rugi...unit trust for long term investment...at least 3 years..

JuRi said...

almost three years. tapi for PCIF even sekarang pun tak break even pun lagi. huhu.

dinsblog.com said...

salah pilih dana dan timing boleh jadi rugi.