PRS is suitable for long-term investment and can deliver up to 4.41% ROI for long-term investment.
According to the official website of the Private Retirement Fund (PRS), the investment performance of PRS’s funds in the past year was not very good, and only one fund had a positive annual return. However, when viewed over a 5-year period, the highest investment return of 4.41% can be generated.
PRS is a government-initiated retirement plan for people who want to make extra preparations for their retirement. The Private Retirement Fund Scheme (PRS) aims to give people a second option besides the Employees Provident Fund (EPF).
The Private Retirement Scheme (PRS) is managed by individual trusts in the country, but is overseen by the PPA established by the government. Therefore, there is no doubt about the legitimacy of the PRS.
The PRS website released the investment return data from November 2021 to October 2022, in which the investment return of RHB Retirement Series – Islamic Balance in the past 1 year was 23.15%, while the return of other funds were all negative.
As for the period from November 2017 to October 2022, Public Mutual PRS Equity provided an annual return of 4.41% p.a., Public Mutual PRS Consevative provided an annual return of 3.84% p.a., and Principal PRS Plus Conservative A offers a 3.41% p.a. annualized rate of return.
PRS has a number of benefits, the first of which is that investors are free to choose which units of the trust they wish to invest in. PRS investors are also entitled to a personal income tax deduction of up to RM3,000.
(Information from PRS official website)
