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 Private Retirement Fund, What the hell is that??

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koja6049
post Dec 19 2024, 01:49 PM

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QUOTE(allen6279 @ Dec 11 2024, 02:31 PM)
Good day everyone.

I am looking to buy PRS for tax relief purpose. Initially i asked my AIA agent about their PRS and get to know that they will charge 3% for total deposit each time.

Is there any way to avoid it? I saw members shared about PPA which i dont really know what is that, how it works and is it still enough time to enroll online for this year tax relief?
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Don't worry too much about the 3% sales charge. More important is to select a good fund.

I recently bought Public Mutual PRS Equity fund, was charged the 3%, but already gained back everything within 2 months. That was an amazing 20% annualized returns smile.gif
koja6049
post Dec 19 2024, 09:23 PM

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QUOTE(guy3288 @ Dec 19 2024, 08:49 PM)
20% annualised sounds too good

if from past many years record it means something

if only from your 2 months return you ,multiply  them by 6 it is totally different

If my new PRS made  3.3% profit in just 2 months
i wont say its annualised return is 3.3 x6 = 20%

far from it
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But that's the definition of annualized returns. You cannot argue with definitions whistling.gif

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koja6049
post Dec 19 2024, 09:26 PM

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QUOTE(guy3288 @ Dec 19 2024, 09:26 PM)
are u new in investment?
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definitely older than you whistling.gif
koja6049
post Jan 6 2025, 01:38 PM

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QUOTE(MUM @ Jan 5 2025, 09:42 AM)
https://www.ppa.my/wp-content/uploads/2024/...-PRS-Funds2.pdf
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my pick for 2024 was Public Mutual PRS Equity, both 1-year and 5-year track record are consistent and show promise. I think highly likely i'll pick the same for 2025 smile.gif
koja6049
post Oct 7 2025, 10:50 PM

On my way
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Junior Member
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QUOTE(poooky @ Oct 6 2025, 06:06 PM)
FSM One PRS RM40 cashback promotion announced https://www.fsmone.com.my/article/339501

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Deposit now or wait a bit till year end?
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if you are going to buy aham fund, then versa is giving RM50 smile.gif
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