Following the advice of Master xuzen, I would like to purchase RM 3000 worth of units in CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity - Class C, by the end of this year.


Before this, I purchased some PRS funds from Public Mutual, and thus I have a PPA account. Ok, many of you will certainly bash the extremely poor fund performance of Public Mutual and I agree with your view. I made the mistake last year, but this year, I hope that I will make the right investment decision by purchasing the PRS units in CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity - Class C.


1. How do I purchase the units from CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity - Class C? From CIMB-Principal Asset Management Berhad or FundSuperMart?


2. Will I assigned a Unit Trust Consultant from CIMB-Principal, after I purchased the units from CIMB PRS? Well, I should not need the service of a Unit Trust Consultant, through.


3. What is the difference between Class C and Class A?
From http://www.cimb-principal.com.my/prs/fund_...20Supp%20DD.pdf



Class A and Class C sound the same to me.

Thank you for your advice.

Thanks for the informative replies.

To purchase units of CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity - Class C, it is highly recommended to purchase through FundSuperMart, to enjoy zero service charge. Alright, I shall do that.

Before that, I need to open a FundSuperMart account first.

For sure, Class C is cheaper, and we want to purchase CIMB PRS Class C. How should we do to ensure that we purchase CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity - Class C?

I do not want to be accidentally given CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity - Class A.

This post has been edited by kart: Oct 21 2017, 08:42 AM

Thanks for the tips. I will do that to ensure that I buy CIMB PRS Class C.

1) Is to possible to buy units of CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity - Class C with zero service charge, via https://www.eunittrust.com.my?


2) I already have a PPA account. For FundSuperMart, the following forms need to submitted.

- CIMB-Principal Private Retirement Scheme (PRS) – Joint Account Opening Form & CIMB-Principal Private Retirement Scheme (PRS) – Contribution Form
- A copy of Malaysian NRIC. The front and back of the Malaysian NRIC must be on a single page (cross "For PPA only" at top left corner).

Can I submit the scanned version of my duly-signed forms to FundSuperMart, via e-mail?

Thank you for your information.

This post has been edited by kart: Oct 21 2017, 04:10 PM

Ok, I follow your advice.

Just to make things simple, I will buy CIMB PRS via Fundsupermart website.

For opening new Fundsupermart investment account, we can send supporting documents to Fundsupermart, via e-mail. But for buying CIMB PRS, as Fundsupermart Customer Service Executive insisted, I have to send the hard copy of my supporting documents to Fundsupermart, via post.

Master xuzen

Just to confirm with you, the best PRS growth fund is still CIMB-Principal PRS Plus Asia Pacific Ex-Japan Equity - Class C, right?

And, as of now, there is still no other PRS growth fund which is better than this CIMB PRS fund, correct?

Thank again for your confirmation. Next month, I will invest RM 3000 in this CIMB PRS fund, as you highly recommended.

This post has been edited by kart: Nov 21 2017, 06:20 AM

Master xuzen

For this year, the best PRS growth fund is still CIMB-Principal PRS Plus Asia Pacific Ex-Japan Equity - Class C, right?

Thank you very much for your confirmation.

If I am not mistaken, an annual fee of RM8 will be deducted from your investment amount for subsequent investment on the next calendar year per fund house. So, if we invest in 2 different PRS funds in a calendar year, we need to pay twice the annual fee of RM8.

That is why I need to decide on the only one PRS fund I should focus on this year.

For this year, what is your planned entry price for CIMB-Principal PRS Plus Asia Pacific Ex-Japan Equity - Class C? Any price below RM 0.98?


No worries, MUM. Anyone can offer their opinions here, as we can benefit from learning from various perspectives.

Since we are allowed to sell our PRS funds without penalty upon the age of 55, we can tolerate some volatility and greater risk of the PRS fund till the age of 55. This is assuming that it is possible to obtain higher annualized return from this PRS fund at the age of 55, as compared to other PRS funds.

Thank you very much for your recommendation, Xuzen.

I am sorry that my meaning is vague. When I said this year, I mean the PRS fund that I invest into this year, not the PRS fund that performs best for this year only. Anyway, I should make my question clearer. Sorry again for the confusion.

So, I just keep on investing fund into CIMB-Principal PRS Plus Asia Pacific Ex-Japan Equity - Class C.

To get maximum tax relief, we should invest a maximum of RM 3000 in any PRS fund. However, RM 8.00 of annual fees will be deducted from our investment amount.

So, which one of the following is correct to get maximum tax relief, with the lowest investment amount?

a) Pay RM 3008.00 to FundSuperMart, out of which RM 3000 is invested into the PRS fund, and the remaining RM 8.00 is paid to PPA, or;

a) Pay RM 3000.00 to FundSuperMart, out of which RM 2992 is invested into the PRS fund, and the remaining RM 8.00 is paid to PPA.

Thank you for your advice.

T231H, thank you very much, for quoting the text from Securities Commission Malaysia.

Alright, I shall pay RM 3000.00 to FundSuperMart, out of which RM 2992 is invested into the PRS fund, and the remaining RM 8.00 is paid to PPA. And, this full RM 3000.00 is eligible for tax relief.

Which website should I use, in order to perform online application for Principal PRS Pre-Retirement Withdrawals Without Tax Penalty?

Is it https://online.principal.com.my/ecustomer_enu/start.swe?

I tried to click every link in this Principal website, but could not locate PRS Pre-Retirement Withdrawals Without Tax Penalty. And, I did not locate any Pre-Retirement Withdrawal application form.

Thank you for your information.

This post has been edited by kart: Oct 31 2020, 12:09 AM

No worries, !@#$%^. Please share your experience of Principal PRS Pre-Retirement Withdrawals, during June, so that I can understand the previous withdrawal procedure.


For sure, I will send e-mail to service@principal.com.my, to know about the current withdrawal procedure.


Steps for Principal PRS Pre-Retirement Withdrawals?

1) At first, in early June, you first sent an e-mail to service@principal.com.my.

2) Then, Principal Customer Service Executive sent the withdrawal form to you, via e-mail.

3) You filled up the withdrawal form and sent the withdrawal form, to service@principal.com.my.

4) You answered the telephone call-back from Principal Customer Service Executive for verification, on the same day the withdrawal form was submitted.

5) Withdrawal was processed, based on NAV which was dated one day later after the verification call by Principal Customer Service Executive.


!@#$%^, did I get the steps correct? Please correct me, if I miss out anything.


Principal's FAQ regarding PRS Pre-Retirement Withdrawals is vaguely written.
https://www.principal.com.my/en/faq-taking-...out-tax-penalty




Principal will require more working time to process the withdrawal, since the withdrawal forms are manually sent by Principal investors.


Even for berated Public Mutual, Public Mutual investors can apply for PRS Pre-Retirement Withdrawals in https://www.publicmutualonline.com.my. Just insert the withdrawal amount in the website, and authenticate the withdrawal with TAC sent to handphone, and withdrawal is completed. No manual form needs to be filled by investors, so Public Mutual do not need to manually process the withdrawal forms.

This post has been edited by kart: Oct 31 2020, 10:42 AM

GrumpyNooby

I get your idea.

My point is that if we can apply for withdrawal in Principal website https://online.principal.com.my/ecustomer_enu/start.swe?, we do our part by typing the withdrawal amount, fund name, savings account number, bank name, directly into their system.


If that had been possible, Principal Customer Service Executive would not have to read the withdrawal forms sent by investors, and then manually typing the information in their system.

Many of us are sure that as investors, we do not mind doing our part, as long as it speeds up the withdrawal process.

This post has been edited by kart: Oct 31 2020, 10:49 AM

RM 3000.

Refer to the guideline given by Securities Commission Malaysia. Thanks to T231H, for this informative post.

For Principal PRS Pre-Retirement Withdrawals, refer to this website.

https://www.principal.com.my/en/faq-taking-...out-tax-penalty

You can search for previous posts in this thread, for previous experience of forum posters here.

This post has been edited by kart: Dec 25 2020, 09:02 AM

Ramjade

This year, do you plan to invest RM 3000 into Principal PRS Plus Asia Pacific Ex-Japan Equity - Class C, or any PRS funds such as Affin Hwang PRS Growth Fund, AmPRS – Asia Pacific REITs and so on?

Thank you very much for sharing your opinion.

Ramjade

Thanks for your reply.

Since you said that Principal PRS Plus Asia Pacific Ex-Japan Equity - Class C has been underperforming in comparison with Affin Hwang PRS Growth Fund, why don't you invest in Affin Hwang PRS Growth Fund, for this year?


The general idea is to stick with just one PRS fund for the same calendar year. However, we may invest in different PRS fund in another year, if that PRS fund is better than the PRS fund in which we invested during previous year.


Yes, for sure, as long as the government provides tax relief for PRS, we will invest in PRS. Without the tax relief, we will divert our fund to other investments.

This post has been edited by kart: Mar 7 2021, 05:39 PM

Good advice indeed, Ramjade.

During March 2020, did you manage to buy units of Principal PRS Plus Asia Pacific Ex-Japan Equity - Class C, at unit price of less than RM 0.90? That was definitely an awesome price.

However, this year, the lowest unit price of Principal PRS Plus Asia Pacific Ex-Japan Equity - Class C is slightly less than RM 1.26. I really dislike to average up my average unit cost of this PRS fund, but I do not have other option.

What is your target buying price of this PRS, this year?

Thank you.

Principal used to send PRS yearly statement to Principal customers, via e-mail.


Somehow, starting from last year or so, Principal no longer sends PRS yearly statement to Principal customers, via e-mail. Instead, as you said, the link to download PRS yearly statement is given in a SMS sent to Principal customers.


So, if Principal customers accidentally delete the SMS, it is very inconvenient for Principal customers to call Principal Customer Service. Sigh, Principal may have gone too far in cost cutting.

In FundSuperMart, the following Principal PRS funds are offered.

- Principal PRS Plus Principal RetireEasy 2030 - Class C
- Principal PRS Plus Principal RetireEasy 2040 - Class C
- Principal PRS Plus Principal RetireEasy 2050 - Class C
- Principal PRS Plus Principal RetireEasy 2060 - Class C
- Principal PRS Plus Principal RetireEasy Income - Class C
- Principal Islamic PRS Plus Principal RetireEasy 2030 - Class C
- Principal Islamic PRS Plus Principal RetireEasy 2040 - Class C
- Principal Islamic PRS Plus Principal RetireEasy 2050 - Class C
- Principal Islamic PRS Plus Principal RetireEasy 2060 - Class C
- Principal Islamic PRS Plus Principal RetireEasy Income - Class C


My objective is to obtain the highest return, regardless of whether the fund is conventional or Islamic.


As such, the PRS fund that I should choose is Principal PRS Plus Principal RetireEasy 2050 - Class C, because this fund has the highest holding of Principal Global Titans Fund MYR, right?


Thank you for your information.