CIMB-Principal Income Plus Balanced Fund (formerly Income Plus Fund)
Fund Type: Balanced / Income
The objective of the Fund is to provide capital growth over the medium to long term as well as income distributions.
- have a medium term investment horizon;
- want a diversified portfolio yet prefer a higher exposure to fixed interest securities;
- are seeking capital appreciation with income being secondary;
- are looking for an investment which has the potential to grow in value over the medium term and potentially offset the effects of inflation; and/or
- are looking for a less volatile investment but can accept that returns may fluctuate over the short term
| Application Fees |
Up to 5.0% on each investment |
|
Annual Fees |
Management Fee: 1.85% per annum of the NAV |
| |
Trustee Fee: 0.08% per annum of the NAV |
| Switching Fees |
Since switching is treated as a withdrawal from one (1) fund and an investment into another fund, you will be charged a Switching Fee equal to the difference (if any) between the Application Fees of these two (2) funds. In addition, the Manager imposes a RM100 administrative fee for every switch made out of a Fund. However, this RM100 administrative fee is waived for the first four (4) switches out of a Fund in every calendar year. The Manager also has the discretion to waive the Switching Fee and/or administrative fees. |
| Distribution Policy |
Distribution (if any) is expected to be distributed half-yearly in January and July at the Manager’s discretion*. |
|
Investment Time Horizon |
Recommended 3 years or more. |
| Initial Investment |
Minimum RM500 |
| Additional Investment |
RM200 or more at any time. |
| Cooling off period |
You have six (6) Business Days after your initial investment (i.e. the date the application is received by CIMB-Principal Asset Management) to reconsider its appropriateness for your needs. Within this period, you may withdraw your investment at the NAV per unit on the day the units were first purchased and have the Application Fee (if any) repaid. Please note that the cooling-off right is only given to an investor who is investing with CIMB-Principal Asset Management or any Approved Distributor for the first time. However, corporations/institutions, CIMB-Principal Asset Management’s staff and person(s) registered to deal in unit trust of CIMB-Principal Asset Management or any Approved Distributor are not entitled to the cooling-off right.
However, investors who invest via the EPF Members Investment Scheme (where available) are subject to EPF’s terms and conditions. |
| Redemption/Withdrawal |
RM200 or 400 units |
| Launch Date |
12 March 1998 |
| Approved Fund Size (units) |
1.5 billion units |
*Note: Pursuant to the Master Deed, the Manager has the right to make provisions for reserves in respect of distribution of the Fund. If the distribution available is too small or insignificant, any distribution may not be of benefit to the Unit holders as the total cost to be incurred in any such distribution may be higher than the amount for distribution. The Manager has the discretion to decide on the amount to be distributed to the Unit holders.
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