What percentage return will you earn by saving your money in PRS? This should be a consideration for many people who want to save their money in a PRS.
According to information published on the Private Retirement Funds (PRS) website, PRS has provided investment returns of up to 31.36% p.a. over the past 1 year and up to 9.94% p.a. over the past 5 years.
PRS’s funds began a strong recovery in investment performance from April 2023 to March 2024, with Public Mutual PRS Islamic Strategic Equity delivering an investment return of 31.36% p.a. and Public Mutual PRS Islamic Growth delivering 30.40% p. Principal PRS Plus Equity A delivered 23.97% p.a. return on investment.
On a 5-year basis, the PRS fund can deliver up to 9.94% p.a., which is Public Mutual PRS Islamic Strategic Equity. then Public Mutual PRS Islamic Strategic Equity delivers 9.91% p.a. investment return. Public Mutual PRS Equity brought 9.44% p.a. investment return.
PRS is a government-initiated retirement program for people who want to additionally prepare for retirement. The Private Retirement Fund Scheme (PRS) is aimed at giving people a second option apart from the Employees Provident Fund (EPF).
PRS is managed by individual trusts in the country, but is overseen by the PPA, which is set up by the government. Hence, the legitimacy of PRS is not in doubt.
PRS has a number of benefits, the first of which is that investors are free to choose which trust units they want to invest in. Members can make their own judgment and choose trust units with high returns. PRS investors are also entitled to a personal income tax deduction of up to RM3,000.
(Information from PRS website, no investment advice)
