Public Mutual Fund

Update 140312: Want free RM 500?

I opened a Public Mutual fund account last month through a part-time agent who works in the same company as me. The account was approved recently.

The main reason I was attracted by the fund initially was that I could invest using my EPF (Employee Provident Fund) saving (from account 1, if you are wondering). I thought to myself since I cannot touch the money in account 1 until I reach my retirement age, why not use the money to invest in something the might generate higher return?

There are certain requirements to meet:

EPF Basic Saving* (Account 1)

Age (Year) Basic Savings (RM) Age (Year) Basic Savings (RM)
18 1,000 37 34,000
19 2,000 38 37,000
20 3,000 39 41,000
21 4,000 40 44,000
22 5,000 41 48,000
23 7,000 42 51,000
24 8,000 43 55,000
25 9,000 44 59,000
26 11,000 45 64,000
27 12,000 46 68,000
28 14,000 47 73,000
29 16,000 48 78,000
30 18,000 49 84,000
31 20,000 50 90,000
32 22,000 51 96,000
33 24,000 52 102,000
34 26,000 53 109,000
35 29,000 54 116,000
36 32,000 55 120,000

(* the above table is no longer up-to-date, source)

Update: New table effective 1 January 2014 here. See blow:

EPF Basic Savings

EPF Basic Savings

You need to have at least a certain amount of saving in your EPF account 1 according to your current age. For example, I am 28 year-old and I will need to have RM 14000 21000 plus at least RM 5000 in account 1 (which means a total of RM 19000 26000) to be able to invest in the Public Mutual EPF Investment Scheme. The additional RM 5000 is the minimum requirement to be eligible for the program. You can only invest 20 % of the additional money of your account 1. In the example, the additional money available is equal to RM 5000 (19000 – 14000 26000 – 21000) and 20 % of it equals to RM 1000. You can use the RM 1000 to invest in the funds.

The bad news is: I only start working for about 18-9 months and my saving in account 1 is still not meeting the minimum requirement of the program. To add insult to injury, I was informed by the public mutual agent (another agent) recently that the basic saving table was being revised and the minimum saving required was increased to RM 21000 for those who are 28 year-old. That means I will need to have at least RM 26000 (21000 + 5000) to be eligible to the program. There is still a long time to go before I can benefit from the EPF investment scheme. 🙁

However, there is an alternative to invest in Public Mutual funds: using cash. The fee is about 5.5 % (3% for EPF investment scheme). By cash, you can invest any amount you want. But you will be charged 5.5 % for each purchase.

There are many funds to choose from. You can get the catalog that reviews all the available funds here:

Catalog that reviews all available funds

Catalog that reviews all available funds

You can track the real time price of the funds here:

One of the Public Mutual Funds

One of the Public Mutual Funds

You can also look at the recent performance of the funds here:

Performance of one of the funds since commencement till now

Performance of one of the funds since commencement till now

The performance for this particular fund “Public Regular Savings Fund” seems too good to be true: 500 % for around 20 years which translates to about 8.38 % annualized return!

The good thing about cash investment is that you can do it online from here. You will need to apply for access first by referring to the website.

Login page for Public Mutual Online

Login page for Public Mutual Online

Book to learn more about Mutual Fund


Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition





  • annie

    hi..do you still investing in this fund? or other fund as well?

    • Chok Leong Chai

      Currently I invest a large portion of my income in stocks.

      • annie

        oh..i thought that u still invest in public mutual fund..i not dare to invest in stocks yet as it is high risk.hehe

        • Chok Leong Chai

          Do you buy the mutual fund? If yes, then you are indirectly investing in stocks too. Hehe. The cost will be lower if you buy the stocks directly.

          • annie

            yes..i do buy mutual fund..just want to invest for future

          • Fang Yuan Tee

            Hi, I want to ask if I buy the mutual fund through online it will much more cheaper compare with buy from agent right? The online transaction for mutual fund usually cost 1-2% right ?Thank you.

          • I suppose you refer to https://www.publicmutualonline.com.my/ when you say “buy the mutual fund through online”. No, the cost is the same. I quote the related statement from Public Mutual Online:

            “A sales charge of up to 5.5% will be levied for investment into equity/mixed asset/balanced funds and 1% into bond funds. No sales charge will be levied for investment into money market funds. Sales charge that is to be levied on the purchase of units by investors is not incorporated in the quoted NAV per unit of the funds and will be computed separately and deducted from the amount paid.”

            There are other online platforms to buy mutual funds, unit trusts, etc with different pricing structures like http://www.fundsupermart.com.my/ which I am not familiar with. You could explore it and see if the cost is cheaper over there.

  • Investing in stocks is not for everybody. If you do not have the time and expertise in stock investing, unit trust is an alternative to grow your investment. Every investment comes with a certain amount of risk and there is no guarantee.
    Want to know which unit trust to buy?
    http://1publicmutual.blogspot.com