1) PRS do not earn interest. If you put in fixed deposit, it earns interest. For investment fund like PRS, we use "returns" to describe.

2) returns for PRS are not guaranteed. It can be negative. So yes in theory, what you have stated can happen.

If you want to know how other funds are doing, this information is something you can google.

My own investment is sort of ok, returning 4% to 6% p.a. depending on the fluctuations. Abit volatile.

This post has been edited by adele123: Mar 14 2024, 08:58 AM

Can anyone share how is your return? Exclude income tax saving.

Years saving => ?
Total return => ( Closing Amt / Total saving Money ) %

This post has been edited by mynewuser: Mar 14 2024, 08:57 AM

Yes that is less than 1% return per year....
You got poor perfoming PRS there

mine quite okay
1) Affin Hwang since Nov 2013 got 40.8%

2) Principal Asia Pac since Dec 2017 got 24.2%

3) Principal Retireeasy since Nov 2023 already 12.99% in 3 months.

it is simple just buy the above PRS wait and see


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PPS funds performance,....till Feb 2024

For the complete lists, .....
https://www.ppa.my/wp-content/uploads/2024/...-Funds-2024.pdf

(# excludes the Sales charges imposed)



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thanks for the pdf link.

My PRS from maybank - Etiqa. Why their return so bad? This PRS can stop after how many year?

Oh..i didint know Maybank has Prs.

lucky no loss... you should count your lucky stars

Why not show the name of the poor performing fund so people can avoid it.

You can stop contributing anytime you wish, most did it because of the Income tax deduction of RM3k. And you can withdraw anytime too but with a penalty (8%).
As for withdrawal without penalty, i think you can do that upon reaching 55
https://www.ppa.my/prs-and-you/prs-faq/#:~:...hdrawn%20amount.

Maybank already stop PRS. Perhaps due to poor perform of etiqa fund manager.

Btw, Etiqa 69% owned by Maybank.

Ops. I double confirm again. My 2023 ending balance become 96% of my total saving amt. Mean the return -4% for 10 year total saving.

This post has been edited by mynewuser: Mar 14 2024, 10:37 AM

invest backwards ..that's sad.
Poor product

Maybank is not a listed PRS providers.

Perhaps they are just resellers or just distributors.
Of PRS funds

https://www.ppa.my/prs-providers/

Perhaps they stopped selling due to not much people buying or some PRS providers or distributors are selling with 0% sales charge too

I think it was Maybank deferred annuity plan that you are actually refering to, ...

https://www.google.com/url?sa=t&source=web&...5wiY0IDlYcgNXkY

This post has been edited by MUM: Mar 14 2024, 12:48 PM


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never heard of any maybank prs. what fund was that?

Yours is not PRS. Deferred annuity. My guess

Different item. DA is meant for holding long term. And you get a fixed amount yearly later

https://www.maybank2u.com.my/WebBank/SRX%20...chure_15Mac.pdf

That is a deferred annuity plan.
Part of your contribution had been used to pay for annual insurance coverage.

There was an old thread in lyn too
MAYBANK - SMART RETIREMENT XTRA, PROFITABLE..?
https://forum.lowyat.net/topic/3534147take
take note of post 3 and 7, for some info

This post has been edited by MUM: Mar 14 2024, 12:54 PM

any insurance linked investment wouldn't give good returns as compared to unit trusts, i believe

ILP < PRS < unit trust < equity

At the end of the chain, it's equity that drives growth. Thus go direct to Equity for best returns

This post has been edited by ronnie: Mar 14 2024, 01:07 PM

ILP are unit trust. The reason ILP is not performing well is majority of ILP are invested in Malaysia market and china market. Both these market have been giving rubbish returns for years.

China because of emperor xi common prosperity and property issue.

This post has been edited by Ramjade: Mar 14 2024, 01:29 PM

pure unit trust will be better than insurance + unit trust, i believe