Public Mutual PRS Funds Explained

Public Mutual is the fourth private retirement scheme (PRS) provider in Malaysia that launched their PRS funds on 26 November, 2012. Public Mutual will have two PRS schemes, conventional and Syariah, of which each PRS scheme will have 3 core funds, namely Public Mutual PRS Growth / Public Mutual PRS Islamic Growth, Public Mutual PRS Moderate / Public Mutual PRS Islamic Moderate and Public Mutual PRS Conservative / Public Mutual PRS Islamic Conservative funds.  In this article, I will focus on the conventional PRS funds.

Public Mutual PRS Growth Fund is targeting those investors below age of 40 years old or have high risk profile. This fund will mainly invest in combination of index/dividend/growth stocks. 20% of the fund's NAV can be invested in warrants, while up to 40% of the fund's NAV can be invested in existing Public Mutual unit trust funds. 20% of the equity portion of the fund can be invested in Asia Pacific markets.

Public Mutual PRS Moderate Fund is targeting those investors between the age of 40 - 50 years old or have moderate risk profile. This fund will mainly invest in combination of index/dividend/growth stocks. 10% of the fund's NAV can be invested in warrants, while up to 40% of the fund's NAV can be invested in existing Public Mutual unit trust funds. 10% of the equity portion of the fund can be invested in Asia Pacific markets. The remaining portion of the fund (up to 40%) will be invested in fixed income and money markets.


Public Mutual PRS Conservative Fund is a fixed income fund with a small portion of equity investment, is meant for those over 50 years old or have low risk profile. 60 - 80% of the fund will be invested in fixed income, of which 20% of the NAV will be in money markets. Up to 20% of the remaining portion of the fund can be invested in local equities. The fund managers for all these 3 PRS funds are Liew Mun Hon and Zaharudin bin Ghazali.

The summary of Public Mutual PRS funds information is available below:



Public Mutual PRS is a straight forward PRS scheme, similar to HwangIM PRS Solutions. However, fees wise, Public Mutual PRS funds are a lot more expensive, with its 3% sales charge and higher trustees fees. However, annual management fees for Public Mutual PRS is slightly lower than HwangIM PRS. If we are referring to the unit trust funds operated by Public Mutual and HwangIM, i guess both of them are awards winners and have better track record if compared to CIMB-Principal and Manulife.

To know more information about Public Mutual PRS offerings, please visit the official site. To understand the difference between PRS and RSP, please visit this link.