According to FSM guide, it's according to your birth date:

http://www.fundsupermart.com.my/main/resea...?articleNo=4558

But I won't want to take the chance. However, if you're already contributing to a PRS fund previously, this won't matter and it just an extra bonus for you.

Don't take it this is a lame excuse to start a retirement scheme or investment for your golden age.

Read the details that this RM 500 incentive is credited into Account I and can only be withdrawn at the age 55.

But FSM didn't carry Kenanga One PRS.

For Kenanga OnePRS Growth Fund, YES

http://www.kenangainvestors.com.my/KIB/KIB...owth%20Fund.pdf

And also for Kenanga OnePRS Conservative Fund

http://www.kenangainvestors.com.my/KIB/KIB...tive%20Fund.pdf

You shouldn't track the PRS so frequent as it is your retirement basket whereby you can only exercise the withdrawal 30 years later.

Of course, unless you're planning to do switching strategy.

CIMB Asia Pacific Dynamic Income Fund is a silent steady grower. CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity - Class C feeds into CIMB Asia Pacific Dynamic Income Fund (>90% of its total portfolio).

Mine has completed transaction.

No!

I heard that it'll be disburse twice annually.

URL: http://www.fundsupermart.com.my/main/resea...?articleNo=4558

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You should ask FSM CS.

My opinion shouldn't be a big problem as PRS is under your name and FSM can access your info from PPA.

Cumulative contribution for the year is RM 3k max.

Why not? And don't get fooled or forced by the agents to do so at the branch.

Since you're keen and comfortable with that marketing tactic if it does happen, I would like to retract my statement.

Thank you and have a nice day!

This post has been edited by David83: Sep 18 2014, 08:11 AM

Fundsupermart, an online distributor.

You cannot compare like that as PRS is a retirement investment which works like EPF. You'll reap its return at the age of retirement of 55. Conservative PRS funds are committed to match EPF return.

FD is not considered as investment and rather be classified as saving. It will eventually lose to real inflation.

Nobody is forcing anybody to invest with PRS and not even with the government.

If you think that other investment can perform better and matches your risk appetite, you're welcomed to go for that.

For me, PRS matches my requirement based on risk appetite, tax relief and 0% SC.

Why still want to pay for the SC when you can have 0% with FSM?

PRS is retirement investment and you're not going to touch it till your age reaches 55. There's not much flexibility from it since premature withdrawal is expensive due to the 8% tax penalty.

Management fee is published publicly and audited in the annual financial statement.

Whether it's 0% and some figure up to 6.5% is not transparent to you.

And there's a max number that a fund can impose management fee for.

This post has been edited by David83: Oct 6 2014, 06:54 PM

Only RHB and Manulife are different.

Most of the PRS providers are charging management fee using this structure:

1. Conservative PRS fund: up to 1.3%
2. Moderate PRS fund: up to 1.5%
3. Growth PRS fund: up to 1.8%

Note: Not sure about Public Mutual PRS

On top of that, Manulife also imposes on redemption fee

Regardless, the management fee is not transparent to unitholder and subject to annual fee. It is deducted in daily basis together with trustee fee and translated into daily NAV.

I won't be so worry about it as long as the fund is performing up to expectation and within reasonable manner (MER and PTR).

This post has been edited by David83: Oct 7 2014, 10:05 AM

Does the incentive award in units at NAV or NAV + SC?