1.How often can a member invest under the EPF Members Investment Scheme?
An EPF Member can invest under the EPF Members Investment Scheme once every 3 months. He/She is allowed to invest 20% of the amount in excess of the required basic savings in EPF Account 1.
2.How to determine the unit price for EPF investment?
The unit price is based on the Net Asset Value (NAV) per unit determined at the close of the business day on which the completed EPF application forms are received by Public Mutual (HQ/Branches).
3.Can the member (unitholder) repurchase his/her investment with Public Mutual ?
Yes. He/She must complete the Repurchase Form. All proceeds will be transferred back to his/her EPF account 1.
4.Is switching of funds allowed and is there any charges imposed?
Yes. Switching is allowed among all funds approved under the EPF Members Investment Scheme. A switching fee of RM25 per transaction will be deducted from the switching amount except for switching into money market funds. Service Charge will be imposed for switching of low-load units of bond/money market funds into equity and balanced funds.
5.Is transfer of units to a third party allowed for EPF Members Investment Scheme?
No.
6.Can the distribution (if any) from the Investment with Public Mutual be withdrawn by the EPF Member?
No. All distributions must be reinvested under the EPF Members Investment Scheme.
7.Can an EPF Member top up his/her investment with his/her own money into an account under the EPF Members Investment Scheme?
No.
8.When will EPF relinquish control on EPF Member's investment with Public Mutual?
Upon the member:
a) Attaining the age of 55, or
b) Leaving the country, or
c) Disabled, or
d) Deceased
9.What if the EPF investor of an account under the EPF Members Investment Scheme passes away?
The nominee in the EPF record (if any) or beneficiary of the deceased EPF Member's estate has to first apply for full withdrawal and close the EPF account of the deceased. Thereafter, EPF will issue a release control letter to Public Mutual to change the fund accounts with Public Mutual from EPF to cash.
Upon receipt of the certified true copy of Letter of Administration or Grant of Probate, Public Mutual will then process a transfer or repurchase of units in the account(s) accordingly.
10.Can the EPF Member transfer investment from one Fund Manager to another Fund Manager?
No. However, he/she can repurchase his/her investments with the First Fund Manager. After the investment amount is credited back to his/her EPF Account 1, he/she can make a fresh application to invest with another Fund Manager 3 months from the previous withdrawal date.
