maybe I should go for CIMB this year... was with Kenanga last year

Hi, does anyone know when exactly the extra RM1k by government for those under 30 years will be credited into the account?

I don't know when exactly...but if I recall some one mentioned here b4....depends on when you bought it....they mentioned once in April and another one in Oct....
so I really don't know exactly...but I will just pass what ever I remembered what some forumers mentioned....

FSM said there are 2x payment in year. One in the middle and one at the end. Depending on when you made your purchase. If before middle of the year, the RM1k will be paid in the middle of the year. If your purchase is after middle of the year, then paymemt will be at the end of the year.

anyone buying RHB PRS fund from FSM? Free touch and go card

Thank you for the info.

May i ask,

is it we cant sell the PRS until 55 years old? (so every year dump 3k like dat?)

Can sell but will kena penalty. 8% of what you sell.
Dump only RM3k in provided there is tax relief. Once tax relief is ended by the govt, no need to topup anymore.

Hi all,

Just asking a noob question. Sincerely apologise for upset anyone (if any)

I don't have investing knowledge nor experience.

I would like to take advantage of the tax relief and tax incentive of rm1k from government.

Is it possible to invest in CIMB Principal asset Berhad's general pool of funds? Meaning no specific funds?

Please advise as soon as possible as I need to decide on which prs fund to take immediately to get the incentives

Thanks

Is it possible to invest in CIMB Principal asset Berhad's general pool of funds? Meaning no specific funds?
you can only get those funds with the word PRS on it
http://www.cimb-principal.com.my/prs/PRS_P...Plus_Funds.aspx

these funds are normally consisted of 1 or a combination of multiple funds ...have to see the prospectus to determine which funds are its target funds

So if I am buying from FSM for a cimb principal prs fund, I just go for any with the PRS word in the name of the fund?

Sorry I am abit slow when it comes to all these.

What do class C or class A means?


Attached thumbnail(s)

Call up cimb to ask would be wiser...then tell us ok?

https://www.fundsupermart.com.my/main/prs/g...tePRSTable.svdo

just want to ask, i see some you mention here that the service charge is free for buying through FSM so meaning this is under the "FSM discounted saless charge" which is 0. However for management fee there will be percentage ringing from 1.5-2.25%? So is this the yearly management fees of the fund charge?

There are 2 types of charges. One is the sales charge and the other is the annual expense of the fund.
The annual expense of the fund is what is charged to the fund. This includes the fund manager's annual management fee, and other administrative fees that are incurred in the running of the fund. You do not really need to fork out additional money to pay for the annual management charge to the fund manager. They will actually deduct it from the Net Asset Value of the fund daily, and the published price will take into account of the pro-rated annual management charge.
https://www.fundsupermart.com.my/main/faq/0...tribution--1083

Thanks for the clear explanation, do you know how much is the typical sales charges if it is bought through agents?

If not mistaken...prs sales charge is capped at 3%....some fund house don't charge it...so "these" agent will not charge...you need to see the fund factsheet or prospectus to see the details

only 8 company be approved..

commision also 5%????

buy reits better right?

only is cannot be sell before 55 age.



The Private Retirement Schemes are offered by PRS Providers who are approved by the Securities Commission Malaysia.
The eight (8) available PRS Providers are:



CIMB-Principal Asset Management Berhad
| 603 – 2084 8888
| 603 – 7718 3100
| -
| service@cimb-principal.com.my
| www.cimb-principal.com.my/prs



Public Mutual Berhad
| 603 – 6279 6800
| 603 – 6207 5000
| 603 – 6277 9800
| customer@publicmutual.com.my
| www.publicmutual.com.my



RHB Asset Management Sdn. Bhd.
| 603 – 9205 8000
| 1-800-88-3175
| 603 – 9205 8100
| rhbam@rhbgroup.com
| www.rhbgroup.com



AmFunds Management Berhad
| 603-2036 1800 / 603 – 2032 2888
| -
| 603–2031 5210
| aminvestprs@aminvest.com
| www.aminvest.com




Affin Hwang Asset Management Berhad
| 603 – 2116 6000
| 1-800-222-777 (PRS)
| 603 – 2116 6100
| customercare@affinhwangam.com
| www.affinhwangam.com

是的。是AFFIN BANK集团的公司。前5家公司是大马5家银行集团的公司！！！


AIA Pension and Asset Management Sdn. Bhd.
| -
| 1300 22 7771
| 603 – 2056 3692
| MY.APAM_HELPDESK@aia.com
| www.aia-prs.com.my





Manulife Asset Management Services Berhad
| 603-2719 9228
| 1300 13 2323
| 603-2092 1025
| PRSinfo_MY@manulife.com
| www.manulife.com.my




Kenanga Investors Berhad（原本是ING FUNDS的，应该是被AIA收购了，政府把这个空位给了KENANGA！！2012的名单是没有KENANGA的！）

| 1-300-88-1PRS (1777)
| -
| 603-2172 3133
| OnePRS@kenanga.com.my
| www.kenangainvestors.com.my



6483 KENANGA 肯納格投行
Kenanga Investment Bank Berhad

5家大马银行集团的公司

CIMB-Principal
Public Mutual
RHB AM
AmInvest
Affin Hwang AM


2家外国公司，1家大马金融公司。
AIA
Kenanga Investors
Manulife AM

1. People buy PRS so that no need to pay so much income tax.
2. No. It's only 3% each time you buy but with yearly fees from 2nd year onwards. I think RM8+/year. Could be wrong.
3. If you know where to buy, you can get it for free. Only need to pay the yearly fees.

Wow.. can't read (severe dyslexic?), didn't bother reading this thread/topic? or can't tell the difference between what's shared here - FSM's 0%, generally 3% VS your happily stated commission 5%..


This post has been edited by wongmunkeong: Jul 29 2017, 12:51 PM

yearly fees?never heard of that.is it management fees?

No. PPA fees.