What is the difference between PRS and PRS public mutual?
Private Retirement Fund, What the hell is that??
|
|
 Mar 22 2017, 05:10 PM
Return to original view | Post
#1
|
 
Senior Member
1,641 posts Joined: Jun 2011 From: Sin City  
|
|
Quote|
|
|
|
|
Mar 22 2017, 05:26 PM
Return to original view | Post
#2
|
|
Senior Member
1,641 posts Joined: Jun 2011 From: Sin City
|
QUOTE(Ramjade @ Mar 22 2017, 05:21 PM) Prs is UT but unlike normal UT, this one need to hold until retirement. PRS public mutual means the PRS is sold by public mutual lo. Avoid all public mutual funds. So if i want to open PRS account, dont open it under Public Mutual? |
|
|
Mar 22 2017, 06:34 PM
Return to original view | Post
#3
|
|
Senior Member
1,641 posts Joined: Jun 2011 From: Sin City
|
QUOTE(David83 @ Mar 22 2017, 05:49 PM) All PRS funds are regulated by PPA. Noob question, do we need to contribute each month?You need to have an account with PPA first. Normal PRS providers will help you to create one if you buy a PRS fund from them. PRS is just like EPF but working mechanism is like UT. |
|
|
Mar 22 2017, 07:28 PM
Return to original view | Post
#4
|
|
Senior Member
1,641 posts Joined: Jun 2011 From: Sin City
|
QUOTE(adele123 @ Mar 22 2017, 07:17 PM) If you want PRS, if you can open with any PRS provider. Ouh okay. Thanks for the info. there are only 8 of them anyway. If you do get Public Mutual PRS, well, you will be charged 3% sales charge. Whereas if you explore other options with other PRS providers, you may not need to pay that sales charge. Example will be opening account with Fundsupermart to buy PRS with the other 7 providers. Long story short, if you buy from a sales person, likely you will need to pay sales charge.  |
| Change to: |  0.0215sec
 0.42
 7 queries
 GZIP Disabled
Time is now: 16th December 2025 - 10:51 AM |
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Powered by Invision Power Board © 2025 IPS, Inc.