Read post No. 253. to get the answer. Your question has been addressed before.

Xuzen

Sorry. Can i rephrase. Is it better for me to put everything in 3K in one short or put initial 1k first then do a few transaction till it reaches 3k maybe RM500 each. I have registered with fundsupermart.com but the account is not yet activated. Thank you.

If your objective is just to reduce income tax, then it does not matter whether to put in lump sum or RM 500.00.

Generally, for purpose of smoothing the volatility, it is advisable to put in RM250 x 12 = RM 3,000.00.

Xuzen

What is the consensus now? Is Hwang aiiman the best and gives better return compared to other PRF?
Buy from fundsupermart is better than getting it from Hwang UT agent? TQ

if the SC is similar at "0" then I would go check the agent out 1st.
if hottie and talkalot.....I go there....get h/p and invest minimum pro rata basis regularly lor

Even though HwangPRS Aiiman is giving the best return so far, I am partial to remain with HwangPRS Growth because it has exposure to Asian hence better diversification whereas Aiiman is strictly Malaysia.

Xuzen

Another pleasant surprise from HwangPRS:

i've just received HwangPRS growth fund annual report in my email and I notice that the fund Annual Management Expense Ration aka MER is 0.5% p.a.

Xuzen

U mean MER rate in AR differs from Prospectus?

Prospectus puts it as 1.8% p.a., I guess that means that is the maximum mandate they can go. Anything higher, we as unit holders can lodge a complain to Sec-Com.

BTW, Hwang-PRS Moderate Fund AER is 0.3% as stated from their annual report sent to me via email.

Xuzen

Yup
Info in Prospectus is the maximum they can charge
In actual case, they can charge lower

Guys,

Any of you know if PRS is "in force" mode - means we have to contribute x amounts every months/yearly? Or we can invest based on affordability?

PRS is a voluntary scheme for individuals who are 18 years old and above. Under the PRS, a contributor can contribute any amount as and when he or she is able to do so, subject to a minimum initial contribution of RM100.
http://www.fundsupermart.com.my/main/resea...?articleNo=2965

Thanks yklooi.
I suppose 1st steps would be open ppa account and 1st time prs fund purchase can me buy is fsm?

method of purchase of PRS fund in FSM
http://www.fundsupermart.com.my/main/resea...?articleNo=2966

MOre info on PRS in FSM
http://www.fundsupermart.com.my/main/faq/faq.svdo?id=8865

for more question regarding FSM...post at
https://forum.lowyat.net/topic/2910659/+2020#entry63595310

at cimb today, i was told they are having a promotion with ZERO sales charges for prs purchased by end of this month

Until end of this month nia... Hwang is zero until further notice

Xuzen

FSM has a 0% sales charge promotion from 10 October 2013 till 29 November 2013 -
http://www.fundsupermart.com.my/main/resea...?articleNo=3953

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This post has been edited by bizklguy: Oct 18 2013, 07:25 PM

How to start this PRS fund? Go to CIMB branch? Really noob here. THanks

All the provider list,
http://www.ppa.my/providers/providers-schemes/