1. I see the mutual funds as part of personal money management and as a long term savings that were expected to give better returns than FD. So it depends on how much you are able, and committed, to put aside each month. If you are looking to put aside more, then it is not a bad idea to add in a new fund. I would continue with the SI on PRSF, and begin another new fund - especially when the index is way below its 200-day moving average, and a good timing to begin another fund. Would also suggest Ittikal Sequel Fund.

Take a look at their performance - http://www.publicmutual.com.my/application...formancenw.aspx
Both are performing better than their benchmarks.

2. There is no currency exchange or currency risk in the local funds (if your paycheck is in ringgit). Both the above funds are local funds. With the cheap ringgit, I feel a bit reluctant to purchase any foreign funds at the moment, and the feeling is similar to going to Singapore for the weekends when the Sing dollar is now RM3.

It is a good time to accumulate local funds if you are working abroad...