Who is giving for 0%? Care to share

try the list here....
https://www.fundsupermart.com.my/main/prs/g...tePRSTable.svdo

Choose the funds with good performance instead of sc charge

that is right.....

just beware that, that past performance may not repeats, but SC are that to stay.

guys if I want to buy PRS fund from fundsupermarket, what will be the procedure like ? Should i first open an account with them then only purchase the PRS fund that I like or when i open an account with them I need to specifiy which fund i purchase already ? how long does it take to complete my purchase with fundsupermarket ?

Methods Of Purchase
Please find the steps below for the purchase of PRS funds. Fundsupermart.com (FSM) will process your transaction once you have done the steps below.
https://www.fundsupermart.com.my/main/resea...f-Purchase-2966

FAQs on Private Retirement Scheme (PRS) in FSM MY
https://www.fundsupermart.com.my/main/faq/1...cheme-PRS--8865

Question: Management fee + Trustee fee + PPA administration fee.

1) Above fees need to pay every year ?
2) How they charge us ? Direct deduct from the amount of money we already put in the fund ?
3) If the fund I buy, NAV drop and no dividend declare, then the amount of money for my prs fund will become lesser ? Rugi, right ?

Questions: 3k tax relief estimate can save how much money ?

TQ

Hi, Is it means that I can contribute 950 for this year in order to get tax relief of 2016, and only contribute another 1k in 2017 in order to get RM1k youth incentives?

The NAV price you see in the price chart was net off Management fee + Trustee fee, meaning these expenses are already considered and reflected in the performance.

PPA administration fee, there is a one time charge 10.60 upon PPA account opening, and there is an annual fee of 8.48 for each PRS fund you contribute on that year (exclude the year you open the PPA account)

NAV drop, your fund value reduce, thats it.

Dividend means nothing in PRS/UT since dividend was declared and deducted from the NAV, this is not the same with stocks.

In fact, it's similar
When a counter in Bursa x for Dividend on 6/12, the opening ref price on 6/12 will b adjusted downward by the same amt of Dividend

For the youth incentive program, I reached the requirement in late oct'16. When would I get the RM500?

I recently signed up for Kenanga OnePRS Growth Fund. It is very bad I guess is not the Fund itself but the person who managed it Adviser.

Actually how much is the minimum entrance fee for Kenanga? RM1k?

This post has been edited by lengzhai: Dec 11 2016, 12:47 AM

This post has been edited by T231H: Dec 11 2016, 12:18 AM

It's quite complicated and long winded. This is awaiting reply/consideration from my adviser/or and the manager before I proceed further.

Long story short, the adviser should get my acknowledgement to top-up on top of my first contribution to make up the minimum requirement for opening OnePRS account.

I have some top-up via KIB bank account but somehow my adviser reluctant to top-up on my PRS, and asked me to open another account, which is Kenanga Growth Fund.

then I guess, it is not the person who managed the fund.....for usually, layman like me have not direct contact with the fund manager (person who managed the fund)

then I guess again, because your "adviser" would have a bigger commission (5.5%) from your purchase of Kenanga Growth fund.....if you buy that instead of 0% commission if you buy One PRS funds.

I would like to apologize on the bold sentence above and in my previous reply. It is NOT "person who managed the fund", but the adviser. I shall correct the previous post. It is the adviser, but not the Fund Manager. Apology for the mis-use of words.

For me, at the moment, It is wrong to deposit any amount other than authorized by me, in other meaning transferred from my account or deposit into KIB. But not "sendiri pandai" to top-up. The reason I was being told was "This is to meet my eligibility of getting the so-called money from government before 2017".

If the requirement is RM1,000, just mentioned it right away. Else, it is not correct and lack of integrity.

Kenanga Growth Fund is the fund that I can trade, buy, sell, withdraw without time limit right? Please correct me thanks. I am not a good person into this investment and finance.

I am signing up this OnePRS is also because the adviser - I consider her as my elderly with respect.

"
I guess it is "also" a good thing for this...where you cannot buy into One PRS....for if you mean the "Youth incentives thing" (money from govt)....
if you bought RM 1000 this year,...you will get only RM 500, else if you buy RM1000 in 2017, you will get RM 1000

yes, Kenanga Growth got no holding period condition....except I guess, for the 1st one or 2 days after you bought it, for the holdings are just not yet reflected in your account yet.

Actually, I plan to deposit RM1K to meet the requirement. Then the adviser said I can start it slowly. To obey the adviser so I deposited RM500. Technically RM500 cannot create an account but she said its ok. The RM500 its ok. I have no comment at all about this.

After two months later, I realised that I will make up RM1K to get the incentive. So I banked in the rest into KIB. Specifically RM700. Unknowingly my account has been toped up without my knowledge. (At some point I have little idea what is Account A and B). However the Account A is the amount that I personally banked in. Account B is the rest amount banked in to make up RM1K.

I just realised this when the adviser contacted me last week. Another alternative asked me to invest in Kenanga Growth Fund. Which I am not interested at all.

Today will be one week since my deposit and It does not reflected into my OnePRS Growth Fund yet.

I believe the amount is still not being input into the PRS account yet. Which irked me at sometimes.

Now I want to take out the money that I have deposited into KIB and refund the "top-up without my knowledge" to the rightful owner.

Any idea or comment guys?

there at T&C for monies deposited into PRS funds
there are T&C for withdrawal condition for monies deposited in PRS funds too
there are other T&C in here too
http://www.ppa.my/prs/prs-faqs/

but there are no written T&C to get "refund the "top-up without my knowledge" to the rightful owner"
because how to proof otherwise unauthorised top ups.........there should have some of your signature in the forms to mentioned periodic top up or allows use of proxy or pre-signed some top up instruction and top up approvals....
if you want to make it big....go to Security Commission to start a complain....most probably KIB will show them the signed forms,,,,

by the way,....ONE PRS growth fund is invested in abt 70% in Kenanga Growth fund and 30% in Kenanga Bond fund.
https://www.fundsupermart.com.my/main/admin...eetMYK1PRSG.pdf
which is incidentally at same allocation of your PRS account A at 70% and A/c B at 30%
http://www.ppa.my/prs/about-prs/prs-scheme-features/

just bought for one week...hopefully can still be eligible for the cooling of period.....
J4. How can a member know if he/she has exercised their cooling off right?
Member will be given a cooling-off right when they make a contribution for the 1st time. Once they are members of a Private Retirement Scheme and have exercised their cooling-off right, this right is not available for contributions in other Private Retirement Schemes.

Unit Holder can exercise their cooling off right within six (6) business days from the transaction date.
https://www.fundsupermart.com.my/main/fundi...h-Fund-MYK1PRSG

J5. How frequent will a member receive statements?
Members will receive an interim and annual statement for the fund(s) that they have contributed every calendar year. They will also receive a Confirmation Statement for transactions that they have performed. Members will also receive a consolidated statement from PPA annually.
J6. How do members keep track of their OnePRS investment?
Employees could keep track their OnePRS investment with our Online Portal � KenEasy which is accessible through www.kenangainvestors.com.my . Should you have any enquiry, kindly call our Member Service Centre at 1-300-88-1777 or write in to OnePRS@kenanga.com.my.
https://www.kenangainvestors.com.my/oneprs/member/faqs.html


This post has been edited by MUM: Dec 11 2016, 12:51 PM

How can money move into your PRS account without your knowledge? How is this even possible? Do you know that PRS do not allow 3rd party transfer? So, I ask you again, how is it possible you do not know that money has been transferred in?


This A & B account is automatic, if you top up MYR XXX.XX, the system will auto assign 70% to account (A) and 30% to account (B).


This sentence actually raised red flag... especially you said "rightful owner". Are you saying you are not the rightful owner? Is your account being used by person other than yourself? Hey BNM... we have a AMLAFTA (Money laundering) case here!

Xuzen

This post has been edited by xuzen: Dec 11 2016, 01:05 PM