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 Private Retirement Fund, What the hell is that??

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post Jul 27 2017, 01:05 AM

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Hi all,

Just asking a noob question. Sincerely apologise for upset anyone (if any)

I don't have investing knowledge nor experience.

I would like to take advantage of the tax relief and tax incentive of rm1k from government.

Is it possible to invest in CIMB Principal asset Berhad's general pool of funds? Meaning no specific funds?

Please advise as soon as possible as I need to decide on which prs fund to take immediately to get the incentives

Thanks
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post Jul 27 2017, 09:21 AM

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QUOTE(MUM @ Jul 27 2017, 07:31 AM)
Is it possible to invest in CIMB Principal asset Berhad's general pool of funds? Meaning no specific funds?
you can only get those funds with the word PRS on it
http://www.cimb-principal.com.my/prs/PRS_P...Plus_Funds.aspx

these funds are normally consisted of 1 or a combination of multiple funds ...have to see the prospectus to determine which funds are its target funds
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So if I am buying from FSM for a cimb principal prs fund, I just go for any with the PRS word in the name of the fund?

Sorry I am abit slow when it comes to all these.

What do class C or class A means?


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post Aug 9 2018, 07:22 PM

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I invested last year in August 2017 but haven’t get it yet until today.

Do we need to make a special application or something?
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post Aug 11 2018, 04:49 PM

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QUOTE(Ramjade @ Aug 9 2018, 07:24 PM)
You need to make sure to u buy min RM1k.
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I invested 3k straight. But seems like nothing was given by the government.

For the youth incentive. Should I contact ppa??
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post Feb 22 2019, 12:43 PM

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Guys what do you think about kenanga growth PRS fund??? Or should I go for CIMB instead??
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post Feb 22 2019, 07:08 PM

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QUOTE(Ramjade @ Feb 22 2019, 01:38 PM)
Depends on what you want. Kenanga focus on Malaysia only while Cimb is Asia Pacific. Majority being china,  India and a little in between.
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My kenanga existing PRS suffering like 10 percent loss at the moment

Feel like averaging it down but not sure to put in CIMB or kenanga this year
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post Jan 18 2021, 03:13 PM

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Hey guys, I have a general question... I have been investing PRS thru FSM and I opted for the Growth Fund from Kenanga & CIMB.

My question is as my age reaches 40 & 50, will the fundhouse convert my growth fund to a more conservative fund automatically?

Or do I need to make the manual buying and selling thru FSM?


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post Jan 18 2021, 03:56 PM

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QUOTE(familyfirst @ Jan 18 2021, 03:48 PM)
I dont think its automatic.  The funds are just recommendations based on age.  So you will need to convert it yourself.
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I see. Alright I will take note
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post Jan 18 2021, 03:57 PM

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QUOTE(GrumpyNooby @ Jan 18 2021, 03:52 PM)
If you subscribe to the Do it For You plan by respective PRS provider, they should adjust it for you. Or least they should notify you before adjustment to be executed.
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Alright I will check with FSM on this thanks.

 

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