Maybank2u Online Unit Trust

Posted by Kris | Friday, December 28, 2012 | , | 1 comments »


Maybank has also its online unit trust buying services thru Maybank2u. Looks like this field is going to be competitive as mutual fund agents will need to compete with these online "agents". IMHO, i still think being a mutual fund agent is a sunset industry unless you are the top 5%-10% of the agents. Margins are just to little and honestly other marketing fields such as insurance, real estate, MLM, will writing, etc are more rewarding.

I look thru the list of unit trust offered by Maybank2u. As expected, the list of funds does not contain the funds of its competitor namely Public Mutual & CIMB related funds. Is it a taboo to sell your competitor's product?  This argument applies to CIMB. If this happen, Maybank can earn commission selling CIMB's unit trust funds, while CIMB can access a larger customer base aka Maybank's customer.

Simple comparison shows that CIMBClicks offered more number of different funds online as compared to Maybank2u.

As for Public Mutual, this strategy make sense as it need to preserve the rice bowl of its multitude of Public Mutual agents.

Here are the commission rates and the various unit trust offered  by Maybank2u. Click here


Just follow these simple steps:

  1. Log in to your Maybank2u account
  2. Click “Investment” on the main menu tab
  3. Click “Unit Trust”

Features available:

  • View Portfolio Holdings – View your Unit Trust account summary with estimated profit & loss based on the latest available Net Asset Value (NAV).
  • View Transaction History – View the Unit Trust transaction history of your Unit Trust account for the last 90 days which include both online and over-the-counter transactions.
  • View Transaction Status – View the status of your Unit Trust transaction for the last 90 days.
  • Subscription – Purchase or top up Unit Trust fund online.
  • Redemption – Cash out or sell the units of funds that you are holding.
  • Switching – Perform switching of existing fund to other funds under the same Fund House/Fund Manager.
Maybank2u Online Unit Trust Services are available from 6:00am to 11:59pm every day.

Here is some related post on unit trust buying thru CIMBCLICKs.


1 comments

  1. MY Investor // 10:43 AM  

    3% sales charge is still not as competitive as what is being offered by other platform such as Fundsupermart. Never the less, I believe to some it is the ease of managing those funds all in one Maybank2u account.

    http://invest-made-easy.blogspot.com/