PRS Campaign 2020: Receive RM40 Touch 'n Go eWallet Reload PIN



Terms and Conditions:
1. Campaign period: 12 October 2020 till 11 December 2020.
2. Participating PRS Providers for this campaign include Affin Hwang Asset Management Berhad, Principal Asset Management Berhad, Kenanga Investors Berhad, RHB Asset Management Sdn Bhd and Manulife Investment Management Berhad.
3. New or existing PRS investors who invest a minimum of RM3,000 in ONE PRS Fund from any of the 5 participating PRS Providers in a SINGLE transaction during the promotion period are eligible for One (1) RM40 worth of Touch ‘n Go eWallet Reload Pin.
4. The investment amount of RM3,000 can include PPA account opening fee of RM10 for new PRS investors, or PPA annual fee of RM8 for existing PRS investors.
5. All cash payments and completed forms must reach us by 11am, 11 December 2020.
6. Purchase orders together with cash payments and completed forms received after 11am, 11 December 2020 will be voided.
7. This promotion does not apply to transactions involving Intra Switch Buy and Inter Switch Buy.
8. Each person is only entitled to One (1) RM40 worth of Touch ‘n Go eWallet Reload Pin.
9. FSMOne will have the final decision and reserves the right to substitute a prize which it reasonably determines as being of equal value. Any further correspondence will not be entertained.

Collection: The Touch ‘n Go eWallet Reload Pin will be emailed to you latest by January 2021. Please refer to the terms and conditions of the Touch ‘n Go eWallet Reload Pin.

Campaign link: https://www.fundsupermart.com.my/fsmone/art...llet-Reload-PIN

Ask your CIS for professional financial planning advices.

Or follow ironman16 strategy to avoid RM 8 PPA fee.

I'm just aware that they're deducting and managing this annual fee at PRS provider level instead of PPA level.

This post has been edited by GrumpyNooby: Oct 12 2020, 06:59 PM

Which good PRS fund investing in Malaysia from other platform?
Can intro a bit?

I thought PPA is the one who charges this RM 8 annual fee.
PRS provider is just assisting PPA to collect the fee.

https://www.ppa.my/joining-prs/other-important-information/

If you buy from FSM and eUT, there's no sales fee at all right?
And the RM 8 administration fee is one-time deal and is charged by PPA not PRS provider.
Please don't confuse new investors.

This post has been edited by GrumpyNooby: Oct 12 2020, 08:44 PM

I believe this is unforeseeable loophole.

You're right! I won't simply buy a new PRS fund just to save or avoid the RM 8 fee.

In unit trust, there's no interest nor dividend. It is called income distribution.
Only money market fund is committed to pay out for monthly distribution.
Whether the fund will commit to declare distribution and how frequent will it be declaring, you need to read from the fund prospectus, PHS/PDS and fund factseet.

I believe you're referring to Principal PRS Plus Asia Pacific Ex Japan Equity

Prospectus link: https://www.fundsupermart.com.my/fsmone/adm...usMYCPPRS5C.pdf
Annual report link: https://www.fundsupermart.com.my/fsmone/adm...tsMYCPPRS5C.pdf
PHS link: https://www.fundsupermart.com.my/fsmone/adm...ceMYCPPRS5C.pdf
FFS link: https://www.fundsupermart.com.my/fsmone/adm...etMYCPPRS5C.pdf

From Page 16 of the prospectus:
The fund distribution policy is: The Fund is not expected to pay any distribution.

Yes.
The fund is expected to gain from NAV (capital) appreciation and it's not income driven fund as its fund investment objective.

Distribution announcement for Affin PRS:

Date	Fund Name	Gross Income Distribution Rate	Net Income Distribution Rate	Ex Date
14-Oct-20	Affin Hwang PRS Moderate Fund	MYR 0.005 per unit	MYR 0.005 per unit	21-Oct-20
14-Oct-20	Affin Hwang PRS Growth Fund	MYR 0.01 per unit	MYR 0.01 per unit	21-Oct-20
14-Oct-20	Affin Hwang PRS Conservative Fund	MYR 0.005 per unit	MYR 0.005 per unit	21-Oct-20
14-Oct-20	Affin Hwang AIIMAN PRS Shariah Moderate Fund	MYR 0.005 per unit	MYR 0.005 per unit	21-Oct-20
14-Oct-20	Affin Hwang AIIMAN PRS Shariah Growth Fund	MYR 0.005 per unit	MYR 0.005 per unit	21-Oct-20

https://www.fundsupermart.com.my/fsmone/fun...on-announcement

Yes but make sure the amount of top up is min RM 3k.

Campaign details:


This post has been edited by GrumpyNooby: Oct 18 2020, 05:12 PM

That is provided if you can time the market pretty well.

No right or wrong. PRS funds is for long term.

Manulife's PRS APAC Reit can be bought from FSM?

Have been holding Principal PRS Plus Asia Pacific Ex Japan Equity - Class C since 2015.

Yes!

i-Saraan is purely under EPF jurisdiction.
PRS is under PPA & PRS provider jurisdiction.

Both are aiming to enlarge your retirement basket.

It is because majority of the PRS providers are lazy and don't want to reinvent the wheels.