Anyone know what is the sales charge %/ amount if open PRS account via public mutual online.
Private Retirement Fund, What the hell is that??
|
|
 Apr 17 2017, 10:18 PM
Return to original view | Post
#1
|
 
Junior Member
113 posts Joined: Dec 2010 
|
|
Quote|
|
|
|
|
Apr 17 2017, 10:42 PM
Return to original view | Post
#2
|
|
Junior Member
113 posts Joined: Dec 2010
|
QUOTE(MUM @ Apr 17 2017, 10:28 PM) Thanks, i can see a lot of fee need to pay per year. According to this 3%, means if we invest 1K, public mutual only receive RM 970, will it consider 1K and still entitle the 1K incentive? As i know, we can open PRS account via publicmutualonline and payment via FPX. |
|
|
Dec 19 2019, 04:14 PM
Return to original view | Post
#3
|
|
Junior Member
113 posts Joined: Dec 2010
|
Hi all, would like to know any benefits of top-up (same fund) via PPA vs Public Mutual Online (PMO)?
i.e.: I already have a fund with PMO and PPA account, understand PMO will charge 3% as sales charge, if i top-up 3K via PPA, will i kena the 3% sales charge too? and i saw PPA will charge admin fee RM 0.50 + annual fee RM 8, is it true? If top-up via PMO, will not have RM 8 annual fee, right? Thanks |
|
|
Dec 19 2019, 04:43 PM
Return to original view | Post
#4
|
|
Junior Member
113 posts Joined: Dec 2010
|
QUOTE(cempedaklife @ Dec 19 2019, 04:35 PM) PPA is the administrator for the whole PRS thingy. The annual RM8/per fund house is imposed by PPA. You cant run away from it. However, the fee only kicks in if you purchase any PRS in that year. hi, thanks for reply, which mean if i perform top-up only, both PPA portal / PMO portal are same, will impose 3 % sales charge for Public Mutual fund. |
|
|
Dec 19 2019, 04:57 PM
Return to original view | Post
#5
|
|
Junior Member
113 posts Joined: Dec 2010
|
QUOTE(cempedaklife @ Dec 19 2019, 04:52 PM) that i do not no, hence i didnt answer that part. alright, thanks for your info, i will confirm with my fund agent too, coz she also not that sure about PPA / FSM.though i would have assume that since the 3% is actually charged by your fund house, in your cause public mutual, it will still be same regardless where you purchase it, unless PPA wants to absorb it, which is unlikely. and thanks to you. i just realize PPA also charge 0.04% annual management fee. on top of the annual management fee by the fund house  from my understanding the PPA / FSM just act as a middle-man. |
| Change to: |  0.0230sec
 0.73
 7 queries
 GZIP Disabled
Time is now: 8th December 2025 - 07:06 AM |
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Powered by Invision Power Board © 2025 IPS, Inc.