is there a fund that performs like FD? i'm thinking just earn FD rate but can get tax rebate...already good enough... so far my PRS I think is in red overall..

But let me ask who in this forum really earn GOOD returns from PRS? If the returns were so DAMN GOOD most people would not think twice just invest in PRS NOT EPF.

Returns are a subjective topic because there are various factors that may influence it i.e. your entry (and dollar cost averaging subsequent) and the manager's ability to manage the fund. For details of the fund's performance, you may refer to publicly available information such as FSM, factsheet, prospectus etc...

You must be wondering why I didnt top up consistently, other than funds u bought from FSM it is so difficult to do the topping up if you buy from asset management firm directly like amprs, you probably have to fill up forms and call the company for that.

There are a few ways you can do this:

1. you can sign-up and top-up via PPA website (for all fund houses with PRS) - https://www.ppa.my/ ;
2. for FSM, if you are not happy or find it difficult to monitor your funds, you can opt to transfer your holdings from X fund house to FSM. Complete the "Transfer In" form - https://www.fsmone.com.my/support/forms/funds  , please check with FSM on how to complete the form and what documents are required; or
3. If you have AHAM funds, you can sign-up with i-access to create account. (https://iaccess.aham.com.my/).

Thanks ramjade. I will probably try to transfer amprs funds

I have no choice on amprs funds because i was formerly a staff and 4% is to be contributed to amfunds…worst still the 4% not entitled for tax deduction under employee because it has already been claimed by employer.

This is purely my view. everyone has the right to agree and disagree. but most people wouldnt have the time to monitor and switch funds all the time. I am sharing based on my experience buying 3 PRS funds the returns arent that good. even as ex bank employee you buy every month u incur 21% losses on bond funds. To keep your funds in PRS until retirement age and it cant even beat EPF returns in my opinion. You probably achieve better returns due to you entering better returns. Just go through another market crash and see.

I have already told you i didnt DCA when price came down and entered when it is peak. BTW how sure are you the returns projected by fund houses are accurate? Many times i saw the funds YTD return at 10% but return shown at my fund is probably 5-6%. Hv you ever disputed fund houses on their returns? How sure are you they never window dressed? If the PRS funds are so well performed why does it need this yax deduction to entice people to buy?

Sorry if these questions are silly, a noob here.

1) The purpose of putting prs is to deduct rm3k from his income right? for example:

annual income: rm50k - rm3k = rm47000

so the chargable income drop from rm50k to rm47000, so the tax percentage he need to pay drops too, correct?
2) i heard that most unit trust are losing money, is it worth it to put the money in prs beside tax reduction?

Thanks everyone 

I don't think will end at 2025. They want to encourage Malaysians to save.. so likely will extend.

This PRS is more useful to those that dont want to learn investing themselves.. they will likely end up putting more money into it.

I add more than the min 3k as I also use prs as a "strategy diversifier" for my retirement savings.

First, I have my own DIY portfolio which Im the portfolio manager. Second, I also have EPF where the manager is the government appointed one. And finally, PRS which is a private sector one.

Of course, using my DIY portfolio, I try to beat the other two. However, Im open to the possibility that Im not as smart as I think I am and there could be times where these others beat me.

Feeder fund, worth it?

Ramjade

For this year, which PRS fund do you invest in?

Between Principal PRS Plus Principal RetireEasy 2050 - Class C, and AIA PAM - Growth Fund?

Thank you.

Thank you.

The price of Principal PRS RetireEasy 2050 is quite high lately, so I just wait for the price to drop down, before I invest in this PRS fund.

I may not get the lowest price, but it is fine. I can wait till the end of this year.

ontop of that 25% from income tax.
every year 3k mesti masuk..
actually can pump in more hor if we knew it..
manalah kita boleh tahu......

Wah..there is also a 47% return 😲

That 47% was from an Aham prs fund tho.

You're comparing a fund with less than 3 years RetireEasy2050 with that of more than 10 years AHAM Growth. 

PRS scheme was launched in 2012, those who have invested in AHAM Growth would have compounded gains compared to when they have waited to invest in RetireEasy2050 which is only available in nearing Q4 2022. Not pragmatic isn't it?
That said, the US market started to rise just recently and all funds will float up as well, especially if they have the exposure to that market.

you switched out from Principal PRS Plus Asia Pacific Ex Japan Equity - Class C?  any switching fee? How long does it take to switch?

There seems to be many providers offering PRS funds. Which PRS providers is recommended?

Hi ramjade, what is your view on the principal islamic retire easy 50? Isnt that fund having international exposure as well?

Why did you go with Easy 50 instead of Easy 60?
Easy 50 will sell off at least 10 years earlier than Easy 60 if understood correctly.

Dang, I somehow missed 50 and 60, so I was on 40. Need to switch.

Most if not all buy for the Tax Relief only...

I guess you been buying PRS for the last 10+ years?

Anyone know of any low risk fixed income MMF like PRS? Something like KDI Save for PRS?