Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Private Retirement Fund, What the hell is that??

views
     
SANGKANCIL2000
post Dec 25 2013, 10:16 PM

Getting Started
**
Junior Member
164 posts

Joined: Jan 2011
may I know are there double charge by the PRS fund for management fee?
ie.

PRS fund will invest into unit trust only by respective company?
,
for example

PRS growth fund by HDBS , annual management fee 1.8 %

and this PRS growth fund HDBS invested in UNIT trust by their company ,HDBS eg, HDBS equity fund, etc.

and this HDBS equity fund also have annual management fee of 1.8 %

so if u invested in this HDBS PRS growth fund, this fund really no need to do anything and but just help u buy unit trust can get management fee of 1.8 %

so is it end up, u will get charge annual management fee x2 which is 1.8 % by this PRS fund , and the unit trust invested by this fund another 1.8 %

so end up... if u invested rm 100, 1.8 %+1.8 %= 3.6 % will be gtg to the same unit trust company...

can any 1 enlighten me on the above issue? on double charge of management fee? I cant get any info online and it was not reveal in any website on this hidden cost


SANGKANCIL2000
post Dec 25 2013, 11:19 PM

Getting Started
**
Junior Member
164 posts

Joined: Jan 2011
QUOTE(yong417 @ Dec 25 2013, 11:00 PM)
just take your example, Hwang, have you read the annual report??
(Hint: note 4)
*
hi, will you be able to explain?

majority PRS unit trust will buy the unit trust of their company..

PRS A fund will buy unit trust by company A
....
PRS A fund mx fee 1.5% will buy unit trust company A
Company A unit trust mx fee 1.5 %

not 1.5 % + 1.5 % charge?

no double charge?

I think this info was not disclose...

will be happy if u can help me on this



 

Change to:
| Lo-Fi Version
0.1183sec    0.45    7 queries    GZIP Disabled
Time is now: 8th December 2025 - 04:20 PM