IN the late 1990s and early 2000s, mutual fund companies used to declare dividends in double digits. But in the past 10 years, these have dwindled to single digit.
I invested in one growth fund in 1994 at the price of RM1.24 and today it is only in the region of RM0.40 to 0.45sen. This is a drop of more than 60% from the day I started the investment.
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