#189. Unit Trust Via Fundsupermart

Learn How To Enjoy Only 2% Unit Trust Fund Sales Charge From Fundsupermart

Please note that this is not a paid write-up for Fundsupermart. :-)

As requested by some readers, I am writing this as sort of a simple guide for you to understand how easy it is to invest in unit trust via Fundsupermart[dot]com[dot]my.

Step 1: Opening an account
You can go to their website and click on the top left
GETTING STARTED > Account Opening > Personal/Beneficiary Account.

You will now be in a new page and it shows this is Step 1 of 7. For now, choose Personal Account by clicking it.

Step 2 of 7 tells you that you need to have 2 documents faxed or emailed to Fundsupermart at the end of the registration. The documents are your photocopied IC (both sides) and a sign Account Opening Form. The Account Opening Form will be emailed to you after you complete all the 7 steps. You can then download and print it out from your email.

Step 3 of 7 is where you fill up that Account Opening Form. After that, just go on to Steps 4 through 7. Just follow the instruction and you are done.


Step 2: Submitting your documents
Once you have completed Step 1 above, you will receive an email. That email will come from clienthelp.my@fundsupermart.com with the title "Welcome to fundsupermart.com".

Your Account Opening Form is attached in this email in PDF format. In this email, you will have your Investment Account Number stated there for you. There are instructions in the email on how you can send the Form and your photocopy IC to them.

I faxed it to them on the same day I opened my account on their website. Later, someone will call you to do a few verification questions. A funny process which I let you discover for yourself.

After that I received an email from them confirming that my Investment Account is approved. And the email informed that you will receive an account login password within 3 to 5 days. This password will then allow you to purchase your fund online.

Wait for your password in your letter box before performing the next step.

Step 3: Purchasing a fund
I was having some free time at hand on 16 October 2009 and decided to take a drive to the Fundsupermart office located on Level 29, Menara Standard Chartered, No. 30, Jalan Sultan Ismail, 50250 Kuala Lumpur.

Of course, if you don't have the time and don't want to burn some fuel, pay some tolls, pay a parking fee, then I suggest you just fax or email a scanned PDF file to them.

I bought a banker's cheque and didn't want to mail it in for fear of losing it. Yes, I don't own a chequeing account. You can of course mail in your cheque or do an online transfer or cash deposit. Just follow the instructions that can be found on their FAQ section. Or you can just call them and ask them how to do it. You can find out who to attention the cheque to on their FAQ section.

At the office, I was shown to one of the three computers available at the lobby. You will be asked to login and purchase your fund if you have not done so. Once you have select the fund and amount to purchase, the customer service assistant will help you print out a copy. She then attached my cheque to the purchase order that was printed out.

That's it. That's done. Just go home and wait for the cheque to clear. Every action that you performed on the website - eg purchasing a fund - you will get an email.


Step 4: Cash Management Fund
In Step 3 when you are required to purchase a fund, you can opt for the Cash Management Fund (CMF) first. This fund acts like a bank account in Fundsupermart. It's for you to park your funds there while waiting for the right time to purchase other funds. There is no sales charge for CMF.

After the cheque cleared, I got the CMF for RM1.0250 per unit on 20 October 2009. The price on the following day, 21 October 2009 already shows a tiny increase - RM1.0251. The price increases RM0.0001 everyday. Not sure about Saturday and Sunday though or public holidays. Need to observe it. So while I am waiting to buy AmPrecious Metals, my fund grows slowly in CMF.

Alright, that's all for now. Will share more when I purchase AmPrecious Metals. Just waiting for the right timing now.