I think fsm will not charge you. The fund house that you are buying prs fund will charge you. Fsm will charge you on their behalf

2019 PRS Fund Performance Review
It is the time of the year again where investors review their income and expenditures in preparation to file for income taxes. In this article, FSM look to review the performance of the PRS funds available on their platform.

https://www.fundsupermart.com.my/fsmone/art...formance-Review

this article exclude PRS funds from Public mutual....

the other 2 are Kenanga, and Principal PRS Funds

Go Paperless for Affin Hwang, Kenanga, and Principal PRS Funds
https://www.fundsupermart.com.my/fsmone/art...cipal-PRS-Funds

just pay attention to the details/info at the "**ATTENTION:"

according to this FSM SG site...

A Beneficiary Account in FSMOne.com is useful if you are planning a separate portfolio for another person. In the event that any one person in the beneficiary account passes away, the assets of the account will belong to the surviving person.

The main applicant (main account holder) of this beneficiary account must be above 18 years old. Please note that the main applicant is still the key operator of this account and the owner of the assets invested under this account as long as the main applicant is still alive. All correspondence will be sent to the main account holder’s name and address.

The FSMOne Beneficiary Account is different from a joint name bank account that you normally see in a bank. This is because for FSMOne Beneficiary Account, the main holder is still the primary operator and owner of the accounts. For example, the sales proceeds (Cheque / Cash) will ONLY be payable to the name of the main account holder.

In the event that the main account holder passes away, the assets of the account will belong to the nominated beneficiary account holder. The beneficiary account holder (upon 18 years old) is required to bring the original death certificate and his / her original NRIC to our office. We will open a Personal Account for this beneficiary holder and then transfer all the holdings registered under the beneficiary account into this newly created Personal Account. Thereafter the beneficiary will have rights towards this holdings and he/she will be able to purchase, sell or switch if he/she wishes to.

Based on the nature of the Beneficiary Acount, you should not indicate yourself as the Beneficiary Account Holder when opening this type of account.

FSM MY site....
16.5 Can I purchase PRS via beneficiary account?
No. PRS is only applicable to Personal Account only.
https://www.fundsupermart.com.my/fsmone/fun...Getting-Started

This post has been edited by T231H: Oct 24 2020, 12:47 AM

as per the Guidelines on Unit trust by the SC....
page 8.4, Clause 8.17
https://www.sc.com.my/api/documentms/downlo...37-42e51912d771

but, i think i did read and come across some funds (try to circumvent the single annual mgmt fees regulation) by adding the fees like "annual maintenance fees"...
i forgot which fund it is

This post has been edited by T231H: Nov 13 2020, 12:13 PM


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and the feeling of satisfaction of having done some good deeds to support this single mother is just maybe priceless too

yes with that commission she earned,...can get this for her children......


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is that applicable to "ALL" Prs funds in FSM or just some?

Are you employed & need to contribute monthly to epf?
If, yes.. Is your annual statutory epf contribution amount already exceeded the limits set by lhdn for tax reduction under epf?

while waiting for the latest info,....
this is from a 6 years old article...

"STRICTER RULES INCREASE STABILITY

Islamic funds can only invest in Shariah-compliant securities approved by the Shariah Advisory Council (SAC) of Securities Commission (SC) or the Shariah Board of relevant markets.

In Malaysia, companies must meet the business activity benchmark where the contribution of Shariah non-compliant activities to overall revenue and profit before taxation must be less than 5% or 20% (depending on business activity) and meet the financial ratio benchmark where cash over total assets (only cash placed in conventional accounts) and debt over total assets (only conventional interest-bearing debt) must be less than 33%.

In addition to the two-tier quantitative criteria, the SAC also considers the qualitative aspect which involves public perception or image of the company’s activities from the perspective of Islamic teaching.


Despite the lack of exposure towards certain sectors such as financials and consumer discretionary (gaming and tobacco sectors), Islamic funds could be less diversified which may lead to overexposure to other sectors.

However, statistics have shown that the Islamic equity funds specified above are generally more resilient compared to their similar conventional counterparts especially during market downturns. "

https://www.fsmone.com.my/funds/research/ar...o=4732&isRcms=N

RM3000
Tax bracket 8% = RM240
Tax Bracket 24% = RM720
variance RM480
RM480 amortized 30 yrs = ??

This post has been edited by T231H: Nov 21 2022, 08:36 AM