I'm new to PRS. Few doubts I have in mind before I go ahead to apply this scheme. Sicne I don't have a Retirement plan yet.

1. If the PRS bank/company have some problem and close shop, is it have some protection like what our FD have (Protection under PIDM) ??

2. How secure is this thing. Would it be better than those mutual fund thing?

3. Want confirm the yearly amount invested I can depend how much I want to pour in. If they not doing good, I may just stop pouring money into the account.

4. As I see, they seems to mentioned about the charges. I found this in CIMB.
Is this true that we have to pay Annual fee of RM8?? And all those unknown thing.

What are the fees charged by CIMB-Principal?
Sales charge: Up to 3% of net asset value ("NAV")
Account opening fee: RM40 (currently waived)
Annual management fee: Range from 1.40% to 1.50% per annum of NAV
Transfer PRS Provider Fee: Up to RM75
Annual trustee fee: Up to 0.04% per annum of NAV
Switching fee: Nil
Change of contribution direction fee: Nil


What are the fees charged by the PPA?
PPA account opening fee: RM 10 (currently borne and paid by CIMB-Principal)
PPA annual fee: RM8
PPA pre-retirement withdrawal fee: RM25
PPA transfer PRS provider fee (to another PRS provider): RM25
Annual PPA administration fee (accrued daily based on the NAV of the fund and paid monthly): 0.04% of the fund’s NAV

This post has been edited by knight: Mar 30 2014, 10:27 PM

Hi guys, I have a question to ask. Last year I've invested in PRS RHB-OSK at RHB counter, lets say I dun see them performing well, can I but other banks like let's say AIA PRS and keep the last year one in RHB-OSK?

Anyone did that before?

I wonder if I have PRS oledi, can I buy a new fund from other bank thru FSM or not. U did this before??

Ok. Currently I had invested on RHB PRS Fund and nowadays it doesn't looks good.

http://gllt.morningstar.com/e6qvxuu98r/sna...oken=F00000Q4KA]2]1]FOALL$$ALL_2271&Id=F00000Q4KA&ClientFund=1&BaseCurrencyId=MYR&CurrencyId=MYR&LanguageId=en-GB

Now I'm thinking of getting from another provider.

CIMB Islamic PRS Plus Growth - Class A
Kenanga OnePRS Growth Fun
Public Mutual PRS Growth Fund

Which do you think I should pick? I think their growth looks good (Unless I read it wrongly. Did I?)

http://gllt.morningstar.com/e6qvxuu98r/sna...oken=F00000Q3RS]2]1]FOALL$$ALL_2271&Id=F00000Q3RS&ClientFund=1&BaseCurrencyId=MYR&CurrencyId=MYR&LanguageId=en-GB

http://gllt.morningstar.com/e6qvxuu98r/sna...oken=F00000QTAS]2]1]FOALL$$ALL_2271&Id=F00000QTAS&ClientFund=1&BaseCurrencyId=MYR&CurrencyId=MYR&LanguageId=en-GB

http://gllt.morningstar.com/e6qvxuu98r/sna...oken=F00000Q47A]2]1]FOALL$$ALL_2271&Id=F00000Q47A&ClientFund=1&BaseCurrencyId=MYR&CurrencyId=MYR&LanguageId=en-GB

http://gllt.morningstar.com/e6qvxuu98r/sna...oken=F00000Q3RK]2]1]FOALL$$ALL_2271&Id=F00000Q3RK&ClientFund=1&BaseCurrencyId=MYR&CurrencyId=MYR&LanguageId=en-GB

Looks good yklooi, but it's droping on the Annual Returns (%).

2013 2014 2015
18.69 17.62 10.35

Anyway 10% is good also. Same annual charges of 1.5% and trustee fee of 0.04% p.a.

Wan to try also. I already ask too. We can get any provider as long we oledi have PPA account.

Yah. Possible. But really sigh that PRS only those growth fund is ok. Other like Moderate and Conservative really kind of sux.

IMO, PRS is like UT but it's like long term. How well it perform and will we get more return when we retired is a big question for me. Who know's by the time economy made the value drop back to 50sen. Hopefully not.

PRS is legalized by Government but manage my others. To me, I feel it's like a UT which legalized by government with some kind of guaranteed performance. We can't tell if it's guaranteed coz even UT we don't invest long also coz the price may fall anytime and u get nothing back.

Another part I don't like about PRS is the management fee by PPA but as long my providor is performing well then it's ok. But will that continue performing well after years to come is a question.

I had just done my PRS for the second year RM3000 limit for tax deduction. This time with different bank and I feel so doubt about if I'm doing the right thing. Why??

1. PRS is like Long term (until 55years old) Unit Trust.
2. Non-guaranteed gain. Unlike KWSP. Feel like Government push out their resources and gain from somewhere else.
3. Only Aggressive fund are at least more than our current fixD rate return. Other is like so little. Even if I get the better deal from CIMB I still doubt how good it will grow in the next 10 years.

Anything feel the same as I do?

Regretted? I don't know. I will only know when I retired. Just feel doubt.

Since PRS is a long term UT, it's best if we don't put all in one basket. And also go for those who give good returns to pressure other provider to work hard and push hard then we can have more secure and better return. Let the market gets more competitive.

PRS is a long terrm UT. The one you quoted me is a reply, not a question.

So since PRS is like a long term UT, in order to make the bank work harder for new customer, we should choose the bank that gives the best deal so that they have the competition to get good past portfolio.

SC?? Well, there's alot out there. You check out yourself. You can try CIMB Ex Japan. Forgot the full name. It looks good. It's not about Balls. It's about money.

They say Don't put all the eggs in one basket. I change it abit. "Dont put all your balls in one basket". Haha. Just joking.

This post has been edited by knight: Oct 16 2015, 12:30 AM

As I mentioned before PRS is like Long term UT. It's like you can buy the UT but you canot sell even if they not performing. This is why I prefer if everyone can keep changing and get the competition rolling.

Imagine now you buy RM1/unit and after 30yrs something happen and the price fall back to RM1.50. Rugi lah. Coz PRS can't guarantee you even if you buy conservative.

Sorry. English no good.

Yah. no Basket and Balls.

Yes. That's true also. But can we place it from provider to provider?? We lost something also from that transfer. I think I just treat it as non-risk and let it there first. For the mean time I'm ok with risk so I getting those good performance Provider.

Any good one to intro?

Guys, I receive some sort of letter from my PRS bank. The letter is about Malaysian Tax voucher of amount nearly RM200. @@. I not what it actually means but there's a statement shown like below.

" We hereby certify that Malaysia Income Tax as above has been or will be accounted for by us to the Director - General of Inland Revenue Malaysia. Please retain this voucher for submission to the Tax Authority".

Kena Tax for PRS? Anyone receive something like this? Need some inputs!!

Thanks alot.

May I ask who's buying CIMB Islamic PRS Plus Asia Pacific Ex Japan Equity - Class C??

What's the different between Class C and Class A besides the Management fee and sales charge?

Class A
Sales Charge 3.00% of the NAV per Unit
Management Fee 1.40% p.a. of the NAV of the Fund
Trustee Fee 0.04% p.a. of the NAV of the Fund

Class C
Sales Charge 0.50% of the NAV per Unit
Management Fee 1.50% p.a of the NAV of the Fund
Trustee Fee 0.04% p.a of the NAV of the Fund

This PDF also din said anything about it.
CIMB%20Islamic%20PRS%20Plus_APxJ%20Equity.pdf


Any idea??


CIMB_Islamic_PRS_Plus_Asia_Pacific_Ex_Japan_Equity - Class A

CIMB_Islamic_PRS_Plus_Asia_Pacific_Ex_Japan_Equity - Class C

This post has been edited by knight: Jul 11 2016, 04:55 PM