a. Switching within same PRS Provider
To switch your PRS fund within same PRS provider, you may login into your investment account and click on Funds >> Transactions >> Switch to execute the switching transaction.
There is no switching fee and also no restriction to the number of switching transactions EXCEPT for the following fund houses:
- Principal Asset Management Berhad - 12 times free switch per calendar year (one time switching per month)
- Manulife Asset Management Services Berhad - 12 times free switch per calendar year
b. Switching between different PRS Provider
To perform the switching of PRS funds between different fund houses, original form submission is required and you may reach out to our customer service team via email clienthelp.my@fundsupermart.com for further assistance.
Meanwhile, the switching between different PRS provider is subjected to the conditions below:
- Transfers are permitted once a calendar year for each PRS Provider;
- The transfer is only allowed after one year from the first subscription date;
- There is sufficient units in the fund(s);
- Each transfer request is only between two PRS Providers; and
- All accrued benefits to be transferred from a particular fund must be transferred correspondingly to one other fund managed by the Transferee Provider.
The PPA transfer fees of MYR 25.00 is waived by PPA until further notice.