Got mine a few days ago.

Shocking indeed with the pathetic performance of this PM PRS.

Stated in the annual report that the return was 2.92% but the balance now is still less than what I contributed at the start (yes, the x% buying fee).

Income was 503K and the PRS provider's fee at 106K! Provider = fund management?

This further enforces my finding that MOST unit trusts are not for investors but for the fund managers. Got this PRS mainly for the tax deduction.

Hope that the big boss from PM PRS is reading this. Please BOOST up the fund performance!

Cannot find the spreadsheet check I did in the past.

Did a simple one to illustrate here (using deposit of RM3000 for 1st year only).

Assuming the top tax rate at 26%. ABC has 2 options - put RM3000 in FD @ 3.5% or use it for PRS (tax refund of RM780).



2 observations:

* if ABC has less than 8 years to retire, then he will benefit via PRS tax benefit even if PRS is doing badly at 1%.
* if ABC has many years to go before retiring, ABC will still do better than putting the money in FD till about 20 years (with PRS returning at 3%).

For individual case, one needs individual tax rate and expected PRS rate to gauge whether this PRS is beneficial for him/her.

My 2 cents.

P/S I have ignored the PRS fee, variable FD rate etc to simply the comparison.

This post has been edited by plumberly: Dec 8 2013, 03:05 PM

Got my Public Mutual's PRS annual statement today. Started this PRS 3 years ago.

How is the return?

Well, only 6.6% increase over the 3 years! Worse than FD! Guess I picked the wrong PRS. Ha.

Anyone with consistently better PRS?

Thanks.

I picked PM mainly of its past general good UT performance.

This PM PRS is just useless. The manager there sinks in his performance! I don't have a big amount in there but still expect it to do better than FD especially when other PRS can beat FD.

I think it is possible to switch to another PRS fund, right?

Cheerio.

Will check the PRS web site for the details, fees to pay etc.

I hope PM managers are reading this. Ha.

Sorry to hear that. Which PRS fund?

Like me, time to change boat! Ha.

I really wonder, govt etc encourage people to invest in PRS and looks like some of the PRS funds are draining money instead of growing money. Surely they should have more competent people in managing this vital industry.

I am one of those who chose PM due to its brand name, thinking it would do well like its Regular Saving Fund. Wrong assumption!

That is the common saying in UT when things are not doing well.

Problem is, how come other PRS funds can still do better than FD? My take is, if this one is not doing well now, when things are good I will not expect this fund to do better than the ones which are doing OK now. Yes, sifu will come in and warn me not to extrapolate like this. Ha.

Like to know when can we withdraw the money in PRS, on 55 or now 60? Thanks.