3% for me , but without sales charge you would have made 3.67% so ya I got beaten too.

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This post has been edited by jdgobio: Jul 26 2017, 09:44 AM

Hi guys, Is it possible to transfer in from a current Public Mutual PRS scheme into FSM's PRS?

This post has been edited by Holyboy27: Jul 26 2017, 11:25 AM

Of course.

Actually the answer is no. For Public Mutual funds invested in cash or EPF, in order to "transfer", you need to sell the public mutual funds and buy other funds available on FSM at 0% sales charge. So it's not really a transfer, more like a sell and buy for no service charge.

Because PRS has restriction to sell until retirement age. You can't sell and buy back

But you can switch

Well thought out.

er.. what Ramjade said is "correct-er"

By structure/law - PRS can be SWITCHED between INTER-fund houses
Thus, dont need to redeem/sell from PubMut AND buy from FSM

However, pain as hell la the process & time
even within FSM itself, i SWITCHED from AffinHwang Growth to AmPRS REITs took... oh gawd.. + paperwork...
Not FSM's fault - it's the structure/flow for PRS SWITCHING between fund houses.

Just sharing "painful" experience - do-able but urgh..

Oh ya hor, forgot on the switching part. Subject to RM8 switching charge right?

That's why must know what PRS you want to buy. So no switching switching business

Thanks for the correction.

I'm too lazy for PRS switching. Anyway, for RM3k per year for tax relief, unless if the fund really suck big time, otherwise really not worth the effort

p/s: That sounded like a bad switch, AH Growth is doing much better than Am REITS

got this from the PM site....



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i got that 2x in a row.....
try beat that.....
started with PM PRS....then to AH then to Amreits....


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PRS inter house switching is called PRS Provider Transfer. I just did it in June, from Affin Hwang PRS Moderate to CIMB PRS.

Just fill in the form at link below, send it with a copy of IC to Fundsupermart.
https://www.fundsupermart.com.my/main/buyse...ransferForm.pdf

The total cost is RM25 + GST + Postage fee. If the amount is small, don't do it.
Please note that, it will take much much longer time compared with normal inter switching, around 4 weeks to reflect the transaction in FSM, around 3 weeks to reflects in www.prsmember.my.

Did you top up (or sell ) your own portfolio since end of May.
Hmm... If you top up your own portfolio, it will reduce ROI.
I think, better use IRR for better comparison.

I have sold interpac.

Aiya - went into good AH Growth
THEN as things progressed, Asset Allocation went too heavy into normal stocks/biz equities ma, thus wanted more REITs/RE equities exposure
AND
that time, everyone and their dog was running away from REITs coz Fed this/that (said to be increasing %). Remember?

I didnt SWITCH recently.. in fact, i saw a JUMP in my returns pa because of the "buy low". Anyhow, that's just icing on the cake - main reason is for more exposure to RE equities (my actual vs planned).

No right / wrong ya, just following my own steps/plans

wow.. CIMB-Principal Greater China Equity Fund is the top volume fund in FSM. Hand itchy.. wanna follow as well

This post has been edited by Kaka23: Jul 26 2017, 03:59 PM

Ooh, so it's not a recent switch la. Better than uncle Looi's situation then. Anyway, for PRS now I'd go for the long term stable type instead of the flavor of the month/year

How long did you hold the fund?