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RETAIL FUNDS | Cesar Tordesillas, Malaysia

Public Mutual unveils 6 private retirement scheme funds

Public Mutual's six private retirement scheme.

Funds comprising conventional and syariah-based series to help individuals accumulate savings for retirement were recently launched.

Public Mutual said the funds under the conventional series were PRS Growth Fund, PRS Moderate Fund and PRS Conservative Fund.

The syariah-based funds comprised PRS Islamic Growth Fund, PRS Islamic Moderate Fund and PRS Islamic Conservative Fund, it said.

The PRS funds offered contributors the flexibility to choose from a broad range of funds suitable to their age, risk tolerance and contribution time horizon.

"Contributors are able to determine their contribution amount and frequency," it said.

The the initial issue price for PRS fund is 25 sen per unit. The minimum initial contribution is RM1,000 and the minimum additional contribution is RM100.

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