Redeeming mutual fund is very easy and straightforward nowadays. You can withdraw your mutual funds on any business day without any charges. The unit trust management company will be obliged to purchase them so it comes with high liquidity whereby they can be readily converted into cash anytime.
As a unit holder, you will need to know that the NAV of the working day is applicable till 3pm or 4pm during redemption depending on which market you are dealing with. The value of the redemption will be based on the closing price of the business day in which the redemption request is received. Therefore, if you apply for redemption after 3pm or 4pm, you will receive the NAV of the next day.
Usually, it will take 4-10 working days to transfer the money to your bank account. In case you need money urgently, make sure you initiate the process at the beginning of the week to avoid the gap of a weekend which may cause delay in processing.
If you have a Public Bank account which linked to your Public Mutual Online account, then it’s much convenience for you to purchase, switch, sell back and check your units & value. Recently, I made redemption on the following funds through online:
i. Public China Ittikal Fund
ii. Public Singapore Equity Fund
iii. Public Islamic Asia Leaders Equity Fund
iv. PB Euro Pacific Equity Fund
Step-by-step on How to Withdraw Public Mutual Fund Online
1. Click on the “Make a Request” menu link
Everything we touch seems to be related to taxation. However, not many are fond of taxation but somehow; we have no choice but to acknowledge its importance because the only things certain in life are death and taxes which no one can escape from.
While most of us work hard to increase our wealth and like to accumulate it via investment in properties when opportunities arise, some may have concerns on whether they are wealthy enough in the eyes of the Malaysia Inland Revenue (IRB) to afford properties which are viewed as “big ticket items”. This is especially for those who are pocket rich but who might not have declared their full taxable income to the IRB.
They are therefore not very sure if the IRB will pay them an unexpected visit when they start investing in properties. Hence, I noticed that if a person has yet to fully declare his true income which he has earned, he may choose to keep himself away from the radar of the IRB by being less active in property investment even though he is rich.
Property as an Ideal Investment
Nevertheless, most people including me agree that owning a roof over our heads is one of the most important personal goals life. In addition, putting our extra money in property investment could possibly bring better returns as compared to keeping our hard earned money in cash or placing it with the banks which can only give us a small return ranging from 0.2%-3% per year. Personally, I feel that at the end of the day, investment in properties is still smarter way to preserve and grow our wealth over the long term.
How GST plays an important role
In addition, with the proposed implementation of the Goods and Services Tax (GST) come April 1, 2015, most goods and services including certain properties will be subjected to 6% GST. This will affect the supply of property which will potentially impact the top and bottom line of property developers due to the expected increase in costs. Thus, with the coming GST, many are interested to know why it will affect the property market.
After enjoying a good run in the last few years, players in Malaysia’s banking industry are bracing themselves for a tougher operating environment ahead, amid growing headwinds in the external environment and intensifying competition.
Additionally, a tighter regulatory regime with the introduction of the Financial Services Act (FSA) and Islamic Financial Services Act (IFSA) in July is expected to bring about a change for the industry.
China’s growth has slowed to 7% – 8% this year, from around 9% to 10% two years ago. Price bubbles are building up while bad loans and excessive lending are plaguing the banking sector. India, which has been growing above 7% in now projected to grow by just 4% in 2014.
The year 2013 is widely seen as the year when property prices are expected to rise due to faster and higher pace of inflation as well as rising commodity prices. With the election finally behind us, many property buyers are beginning to reassess their next move.
Residential properties will still do well in terms of numbers. For certain areas, prices will increase. But overall for this year, there will be an adjustment in terms of prices, which are expected to moderate. The property prices in Malaysia will continue to rise in the coming months, but at a slower rate possibly in single digits.
What has actually caused the serious price increase over the short span of time to the level we have never seen before, is low interest rate. The lowest BLR in Malaysia was logged in 2009 at 5.55% and the highest level was 12.80% in 1984. Taking this into consideration, the average BLR in Malaysia for the past 28 years is about 8%.
Having proper mindset when investing allow investors to obtain a realistic perspective of their investments. Due to misconceptions about investing, some investors may be disappointed when their expectations and needs are not met. Investors who have a realistic expectations of their investments are more likely to achieve their long term financial goals.
Below are several misconceptions about invest8ing which investors should be aware of in their investment:
i. Quick Gains
One of the biggest roadblocks in achieving the successful of long term investing is impatience. Investors need to remind themselves that investments are for the long term mostly. As such, gains made from investing may take some time to be realized. Impatience investors, in their quest to chase returns, may not give their investments enough time to perform adequately.