PRS is basically wait for price to increase. If you sell you get charged with penalty of 8%.

Distribution of Dividend in unit trust is not important.

according to this FSM SG site...

A Beneficiary Account in FSMOne.com is useful if you are planning a separate portfolio for another person. In the event that any one person in the beneficiary account passes away, the assets of the account will belong to the surviving person.

The main applicant (main account holder) of this beneficiary account must be above 18 years old. Please note that the main applicant is still the key operator of this account and the owner of the assets invested under this account as long as the main applicant is still alive. All correspondence will be sent to the main account holder’s name and address.

The FSMOne Beneficiary Account is different from a joint name bank account that you normally see in a bank. This is because for FSMOne Beneficiary Account, the main holder is still the primary operator and owner of the accounts. For example, the sales proceeds (Cheque / Cash) will ONLY be payable to the name of the main account holder.

In the event that the main account holder passes away, the assets of the account will belong to the nominated beneficiary account holder. The beneficiary account holder (upon 18 years old) is required to bring the original death certificate and his / her original NRIC to our office. We will open a Personal Account for this beneficiary holder and then transfer all the holdings registered under the beneficiary account into this newly created Personal Account. Thereafter the beneficiary will have rights towards this holdings and he/she will be able to purchase, sell or switch if he/she wishes to.

Based on the nature of the Beneficiary Acount, you should not indicate yourself as the Beneficiary Account Holder when opening this type of account.

FSM MY site....
16.5 Can I purchase PRS via beneficiary account?
No. PRS is only applicable to Personal Account only.
https://www.fundsupermart.com.my/fsmone/fun...Getting-Started

saw the FSMONE if you invest digitally and will get RM40 TNG.
Plus Tax rebate.

Should be a good deal. What do you think?

Why you want to buy Class A instead Class C?

Class A: sales charge is up to 3%
Class C: sales charge is up to 0.5%

Just curious, from which channel you bought the Class A fund?
Direct from Principal or CIMB?

I'm in the same situation as you, emailed CIMB Principal and FSM for answers and this is the information that I received:

if you bought the Class A fund from CIMB Principal like me, and want to switch to Class C, do note that you are unable to switch funds between different classes. It's actually stated in the PRS booklet when you sign up.

As for FSM, I asked whether I can transfer my Class A funds from CIMB Principal to FSM as Class C. Their reply was that CIMB Principal doesn't allow switching of servicing agent and the option is to pay RM25 to transfer to other available funds (Kenanga, Affin Hwang etc) on FSM.

Yes but only can buy PRS funds from that 3 specific PRS providers.

You're right as long as you have FSM account.

Mine got blocked as well but I clearly typed in the correct password 

Guess we have to wait till Monday to call them.