For context, we are talking about PRS and not ILPs. PRS is a licensed activity regulated by SC and not BNM.

The only player in the market that is an insurer that offers PRS is AIA.

When PRS was first introduced to the market, the question was how to convince investors to invest in the fund (aside from tax exemption), since there are various existing funds that had established track record and at the lowest cost to replicate.

To meet the above criteria, you would see various fund houses adopt a fund of fund or feeder fund structure. Essentially, they are leveraging on their existing funds and generally Malaysian fund managers only have expertise (at most), the Asia Pacific (ex Japan) region.

Which explains why you don't see any PRS funds with exposure to countries such as US, Europe, LATAM etc...

Not really. Public Mutual PRS Islamic strategy fund have a good mix of US/China-ASIAN fund

Public mutual is not available on FSM. I only considered fund on DAM as I am not going to pay anyone service charges.

This is disappointing.

Normally first N years to put in, then no need already.
Suggest to check exactly then withdraw & put into money market first while you find a more longer term to put.
let me know if need some info on money market. There plenty out there like KDI,Versa, etc. Safe bet is EPF

Once no more tax relief, PRS can close shop. No reason for anyone to buy other than for the tax relief

Yes. That's right.

PRS Tax Relief is up to YA2025 currently, right ?

Correct YA 2025. 2 more years, unless extended again

I have calculated, just by putting your money into FD with average 4% rate, your returns would hv surpassed PRS returns including the tax deduction. So dont waste time putting money into the PRS. How can you tell whether the asset management firm will still be there by the time you retired? Especially those asset management firm (Affinhwang, Kenanga) without banking assets as backing. Nobody ever thought about asset management firms collapsing once musical chair stop (fresh funds come in). Correct me if I am wrong but i think all PRS funds are not PIDM protected.

This post has been edited by ky33li: Mar 19 2024, 07:44 PM

Ramjade

This post has been edited by !@#$%^: Mar 19 2024, 08:07 PM

Ramjade has monitored and switch funds frequently. Most of us do not have the time to do so.

can share your calculation ?

Wah bro that is a very BIG statement
I think it applies only to people with

1)low tax bracket
2)paying high fees on PRS
3)bought poor performers PRS

I bought my PRS and i have never switched or sell..
Dec 2023 i bought a new PRS, after consulting Ramjade
It is doing well, nearly 14% in 3months+

I dont think i need to actively monitor it and switch around

I would not take the PRS money go put in FD

different money
in different baskets
for different purpose.






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I also own the CIMB Asia Pacific Fund til to date I am still in the red. I have entered when market is at its peak and China market suffered thereafter. You are probably lucky because you have bought your PRS at much earlier time when market is at its bull run for the 10 years you have experienced. Those bought at the peak would have suffered greatly.

i didnt buy all RM36k 1 shot 10 years ago

I cannot escape the bull time, i bought them still. i buy every year.

share your PRS see,
i think if tax gain already 21% or more, that should cover
your losses now at around 5%??

What did you buy for 2023? That should have made you some money now.

I have cimb principal Asia Pacific too since days of najib with youth incentive of RM1k. I switched last year.

I dont really monitor. But seeing my cimb principal aisa Pacific get destroyed and emperor xi keep touting common prosperity, I switched my fund. Less than a year already back to 10%p.a returns.

I would have like pure US funds but can't do anything as no such prs exist.

Buy prs. Lower your income tax. Pay less tax regardless who is in charge of govt of the day. Don't just buy and forget. Money in prs is still your own money. That's why I do both.
1. Income tax relief
2. Maximise return where and when possible.

Most people just aim for 1.

This post has been edited by Ramjade: Mar 19 2024, 11:59 PM

Prs has no real benefit excpet tax rebate.

Depends on how you look at it. You choose the right fund, you have something that can outperform EPF. It's not good but decent if can outperform EPF.

If choose lousy fund then yeah it sucks.

Come to think of it, all ILP fund also sucks and people still buy ILP. lol.

This post has been edited by Ramjade: Mar 20 2024, 12:18 AM

My portfolio barely recovered. I bought 2 PRS funds 8 years ago. I agree with Ramjade, most PRS funds sucks. For me the tax deduction isnt worth it at all given the opportunity costs I have lost and my portfolio cant even breakeven.

I guess they must hv their reasons for buying it.

Internet has tons of articles about it.
Example on topic like this.....
"Pros and Cons of Investment-Linked Plans (ILPs) & Who Should Buy It?"