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.
Dividends are being declared in paltry sums for most of the funds just to keep investors happy and to maintain them in order to retain the 1.5% management fee. Is Bank Negara aware of this?
Five years after investing my EPF money into mutual funds, the return is in the negative region. I would have earned at least 6% in dividends if l had kept my money in EPF.
FELT CHEATED INVESTOR