some additional info, u can only easily switch funds online of the same fund house. to transfer to another prs fund house, need to send in lots of physical documents

i compare invesrt PRS thought fsm one and versa, would like to ask some question

1) the RM40 credit to FSM account can be withdraw anytime right? have to pay for acc opening?
2) the cash reward from versa is more then FMS but only limited to Aham compare to FSM can have more choice right?
3) annual fee or other charges will be standard for all PRS fund like?

sorry for so many question as all the time i inverst in public mutual. Thinking of switch to other this year.

KUALA LUMPUR (Nov 7): A different type of private retirement scheme (PRS), termed as the algorithm-based PRS, will be launched in the market to encourage Malaysians, especially the younger generation to save early for retirement.

Securities Commission Malaysia (SC) chairman Datuk Seri Dr Awang Adek Hussin said the SC is expanding the PRS framework to allow existing PRS providers and digital investment managers (or robo-advisors) to offer algo-based PRS, which will offer “an alternative fund type structure”.

Algo-based PRS, also termed as ePRS/ Digital PRS, will also allow investors to make a smaller number of contributions to “pre-approved model retirement portfolios”.

https://theedgemalaysia.com/node/689123

1. Not sure. I don't top-up around this year. I usually do my top-up beginning of this year. No need to pay for account opening.
2. Of course cause versa only sell aham funds.
3. Yes.

Suggest you drop fsm ticket. Btw you cannot transfer public mutual funds into fsm or Versa as they don't sell public m mutual.

Is public mutual's PRS Islamic Growth Fund similar to FSM's PRS Principal Islamic Growth Fund ?

do you mean public mutual PRS versus Versa PRS ?
Anyway check the factsheet to see if similiar or not

Likely to be different. Only way to know is look at their fund factsheet.

Versa sell only aham funds. Of course will be different.

This post has been edited by Ramjade: Nov 12 2023, 08:10 AM

Go download each fund factsheet. Must PRS with overseas exposure is a fund of another fund. So you might need to download the original fund that the PRS invest into and see the fund factsheet.

Eg principal retire easy holds global titans funds. You need need to see how many % of global titans they hold. This will tell you that the retire easy series with the highest exposure to global titans have the highest overseas exposure (you don't want china or Malaysia exposure as much as possible or minimise that). Then download the global titans fund and see their % to US.

I already check AIA have the highest US exposure which explains the outperformance of AIA over retire easy series fund for past 1y.

Sales charges is only valid if you buy from
1. Banks
2. Insurance companies or unit trust companies (like public mutual)

Then yes you will be hit with 3% charges each time you buy PRS. If you buy via FSM, eUT, or PPA zero charges. Not sure about Versa. So up to you if you want to give free money to banks or insurance companies or unit trust. I don't.

If you pay sales charges you instantly lose money without even seeing how the fund performs.

Hope this help.

This post has been edited by Ramjade: Nov 14 2023, 09:13 PM

Anyone know which PRS fund has the most exposure to US and performing well? Thinking to switch my "Principal PRS Plus Asia Pacific Ex Japan Equity - Class C"

See my reply above.

I can see "Principal Islamic RetireEasy 2050 - Class C" has the highest 1y performance. How about AIA?

Don't do islamic. You can use FSM chart centre and see who have the best fund.
https://www.fsmone.com.my/funds/tools/chart-centre

This post has been edited by Ramjade: Nov 17 2023, 02:40 PM

hi, can advice where can find fund factsheet for public bank PRS.

Googled and found this, ...
Hopefully you managed to get what you need
https://www.publicmutual.com.my/Menu/About-...unds-Report-sub

public mutual.

many here not fans due to the sales charge, but some of the funds are top prs performers

AIA have 14.8% in US
Principal RetireEasy 2050 - Class C (stuff which I have) is only 10.5% US

Thanks to your post, you make me calculate how many % of US I have in my PRS I will make the switch from Principal to AIA next year.

Any service charge for buying public mutual prs?

question to ask first is how much US exposure

PUBLIC MUTUAL PRS ISLAMIC GROWTH FUND has 33.5% in US as of October 2023, enough to make you salivate