Sure boh?
PM PRS is charging me 3%SC for its fund.....(if) PLUS the usual 5.5%SC of buying into their EQ funds and repackage them to PRS funds (like you said) = 8.5 % SC.....
am I a fool to believe that?
like what forumer yklooi asked....where did you read that?
got any link to that info?
or hearsay only or only a fool would believe that?

This post has been edited by MUM: Nov 29 2015, 01:48 AM

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As I said, please dont expect to be spoodfeeded.
Please do the research by urself.

with such easy non facts based replies,..... and with a bit of research done/read on some past postings by other forumers about your postings on other threads....I guess former T231H warning (2posts up) is right....

Based on Affin Hwang PRS Growth Fund Annual Report dated 31st July 2015, page 11 of 41, I wish to highlight two expense items; namely:

I) Management fee: RM 17,103.00

II) Collective Investment Schemes Trade Settlement: RM 160,000.00. I believe the sales charge / transaction fees MNet mentioned is item (II).

Total number of units in circulation is 85,969,000 units. Based on NAV as of 27/11/2015 @ RM 0.5675/unit; the total asset value of the fund is 0.5675 x 85,969,000 = RM 48,787,407.50

The percentage of trade settlement = 160,000 / 48,787,407.50 x 100 = 0.3280% p.a.

How did you come out with 2 - 5% sales charge? You sound like another "suara-hebat feller"



Xuzen

p/s On page 27 of 41 under Note 4: Management fee, it is stated any management fee charged by the unit trust are fully refunded back to the PRS fund. Accordingly, there is no double charging of management fee.

This post has been edited by xuzen: Nov 30 2015, 11:08 AM

I tried to find out on CIMB PRS as well
http://www.fundsupermart.com.my/main/admin...tsMYCIPRS5C.pdf
Page 29 states that although the fund trust deeds say they can charge 3%, and their fact sheet say they will charge 1.4%, the management fee was actually waived by the PRS provider

So for now it's not double charged
And from the 1 year return; ponzi 2.0 is 9.0% while AsiaPac PRS is 8.7%. I think the difference is the expenses, which worked out to be 0.54% last financial year. Should be safe to assume that there is no sales charge when PRS purchase the unit trust?

commonly PRS sales charge is between 0-3%

normal individual contribution = 3%
corporate contribution*= 0-2%

*subject to terms & condition. Normally a PRS provider will waive the sales charge if the company agrees to contribute with minimum number of participant (staff), of course this tnc may differ depends on the PRS provider.

normal individual contribution Sales Charge = 0% for PRS under FSM as listed
http://www.fundsupermart.com.my/main/prs/g...tePRSTable.svdo

A quick glance on the Annual Statement and I believe there is no sales charge nor double charging of management fee levied on CIMB PRS Asia-Pac ex Japan fund.

Xuzen

deleted...wrong assumption interpreted.

This post has been edited by T231H: Nov 30 2015, 12:14 PM

Seriously?!
And yet the fund size for Public Mutual PRSs is the biggest... such a con job

I guess they can attribute their success to the massive selling network

Their performance is also lacklustre; only 1 fund made it to the top 20 for YTD returns
http://gllt.morningstar.com/e6qvxuu98r/fun...B&tab=ShortTerm

Only PRS service provider that recalcitrantly charge a high 3% sales charge and yet, its return is mediocre only.

Real Sor-Hai lousy fund!

Xuzen

This post has been edited by xuzen: Nov 30 2015, 03:03 PM

Some Ppl who dunno how to DIY will deal with Agents on face-to-face basis

They can just walk into a CIMB and they can buy CIMB PRS over the counter, no sales charge and most bankers recommend Asia Pac PRS this year

The difference between a product pusher i.e., bank front line wealth advisor who will push the best product to the customer versus a Lic Financial Planner who will first analyse the client first.

For example: The LFC will most probably not recommend the CIMB PRS Asia-Pac Ex Japan Fund to a client who already has high exposure to Ponzi 2.0. He / she would provide alternative.

Xuzen

But the public mutual agents can only sell PM PRS and all of them sucked... macam mana?
Anyway... my way forward - DIY

Yeap. Financial planner six steps:
1. Establishing and defining the client-planner relationship
2. Gathering client data and determining goals and expectations
3. Analyzing and evaluating the client's financial status
4. Developing and presenting the financial planning recommendations and/or alternatives
5. Implementing the financial planning recommendations
6. Monitoring the financial planning recommendations

Back to PRS investment, ask yourself these questions.
1. Purpose of investing in PRS
2. Your choice of funds(growth/moderate/conservative) can be decided from Q1

Guys, I receive some sort of letter from my PRS bank. The letter is about Malaysian Tax voucher of amount nearly RM200. @@. I not what it actually means but there's a statement shown like below.

" We hereby certify that Malaysia Income Tax as above has been or will be accounted for by us to the Director - General of Inland Revenue Malaysia. Please retain this voucher for submission to the Tax Authority".

Kena Tax for PRS? Anyone receive something like this? Need some inputs!!

Last minute (as usual) need to spend my 3k into PRS.

I have Pub Mutual and Affin Hwang. Shall i continue with Affin or find new PRS provider? If new, how to top up / open account?

Many thanks.